Alto Ingredients Inc (ALTO)

[ID Supermoney]

That share offering for $28 million for 1.750 million shares in early APRIL still makes NO SENSE!!!

And then later buy back debt??? They would now still have at least $25 million in coffers (profit this Q2) and then Warrant money of another $10 million (sold in Q2)!!


Why at least $35 million cash at end of Q2???? and then 4 million warrants that can covert to at least another $28 million!!

That is about $65 million in cash at end of Q3 and then another $25-30 million in profits for Q3

So end of Q3 we have almost $100 million cash!!

Eliminate the last $55 million in debt


AND DEBT FREE!!! with about $45 million in cash at end Q3


WHY??? WHY????

Buyout or sale from someone!!!

This goes to $30-40 a share at end of Q3 end Sept!! Easy double from today's PPS!!!


ID