Alto Ingredients Inc (ALTO)

[Rule_62]

Every other ethanol producer is in the same boat. Like it or not, the market is looking right over any potential Q4 earnings, straight at the current ethanol futures and not liking what it sees.

I do know that if I was going to make a buyout offer, I don't think it would be that difficult to factor in outstanding warrants. It's just math. Either way the plants have a value. If I'm prepared to pay (say) $300M for the company, warrants or no warrants I'm prepared to pay $300M.

As for the previous warrant inducements, well I suppose we all have our opinions. I personally understand the strategy whether I agree with it or not. The volatility would just be that much greater if they were still all hanging out there.

Other than that, I'm the wrong person to ask. I do know that more often than not, takeover rumors and management conspiracy rumors seem to be a constant companion for micro-caps. I've never seen them actually play out in a single stock I've held, but that's not to say it doesn't happen some times. I know they've been tagging along with PEIX ever since I first started following it.