Alto Ingredients Inc (ALTO)

[Rule_62]

On the other hand, in this day of class action suits directed at public companies over unmet expectations, who can blame any company for zipping it? The investor attitude out there is that too many feel they are entitled to sue a company if they lose money on their stock purchase. The ambulance-chaser mentality of the legal profession are willing collaborators in the process. They really don't care whether there's any basis for a class action. They just see it as a opportunity to extort money in trade for making it go away.

A company like PEIX in an industry as volatile as ethanol is probably very wise in keeping it zipped. The alternative would be facing the prospect of a class action every time the ethanol market takes an unforeseen twist and heads in a different direction than the tone of expectations set by the company.

A sad reality, but only too true. Unforuntately, no one, including the lawyers, are willing to launch a class action against the real criminals, who are free to manipulate the market at will. The internet has brought a whole new class of manipulator to the market, who with a large following on twitter and an article on an online website such as the likes of Motley Fool, can send a stock into a dizzying spiral on virtually no facts, just pure BS spun to sound like analysis. We're watching that unfold right now, between yesterday and today.