Alto Ingredients Inc (ALTO)

[danke]

Did not catch the 2013 year on page 11. The 1.471 that I saw was for the warrants x'd in July 1, 2014 thru August 13, 2014. Suppose the payment to exercise had a stock trading strategy behind it. Must have because on the surface I would question the expenditure when margins environment is so healthy.

Page 18
Warrant Exercises – From July 1, 2014 through August 13, 2014, certain holders exercised warrants in cash for an aggregate of 2,673,290 shares of the Company’s common stock for aggregate cash payments to the Company of $20,868,034. Also during that period, the Company paid an aggregate of $1,471,000 in cash to certain warrant holders as an inducement to exercise their warrants.

Page 11
Warrant Exercises – During the three and six months ended June 30, 2014, certain holders exercised warrants and received an aggregate of 1,250,300 and 3,138,000 shares of the Company’s common stock upon payment of an aggregate of $6,110,000 and $18,240,000 in cash, respectively. During the three and six months ended June 30, 2013, certain holders exercised warrants and received an aggregate of 267,700 shares of the Company’s common stock upon payment of an aggregate of $2,064,000 in cash.