Alto Ingredients Inc (ALTO)

[kel3]

Valuation ~

$10M + in Warrants money + $34M Operating Income + $25.1M from
1.7M Offering

= $70M War Chest Of Cash Pixie is Holding


1.)

$70M/20.01 shares = $3.48 in Cash per share
3.48 x 10 = $34.8 share price

---------------------------------------------
2.)
Shelf registration SEC requirement market capitalization
700M /20.01 = $34.98 per share

SEC Shelf requirement
- Companies wanting to use shelf registration must be classed as a "well-known seasoned investor".
To earn this classification, a firm must either have a $700 million US Dollar (USD) or greater market capitalization

Source: Financial Web website

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3.)

$500M Asset Value of Plant Neil's Valuation at LD micro Conf in dec.
+ $100M Value or NOLs
------------------------------------
= $600M

$600M
+$70M Cash
------------------
$670M/20.01M shr. = $33.48 share price

---------------------------------------------------------

4.)

$4.15 ~ Analyst est. 2014
X 10 ~ multiple
--------------------
$41.15 price per share



4 Different Valuation Models
All Well Over $30 per share Value

EPS,Asset Value,Cash per share Value and ~

$700M (USD) value or $700M Market Cap SEC requirement
For Shelf Registration



We will be getting multiple expansion Over the Coming months,
and these 5 Investor Conferences Over The next Month Will Help

Starting with the Wedbush conference in New York on May 13th
( next week )

There is a Webcast you Can sign up for in the Press Release on the
Yahoo Pacific Ethanol Summary pg. , to here what the Company has
To say as far as Guidance and Future Prospects as well as How they
Are Doing Now.

.