Alto Ingredients Inc (ALTO)

[Rule_62]

Ok thanks. I was hoping to gain a little insight into their books.

The deal says PEIX will issue 17.5M shares. When I look up AVRW I see 167,000 outstanding shares and a market cap of $1.5M so there must be something more going on here. The deal must include the issuing of shares to the debt holders to retire the debt.

"Upon completion, existing Pacific Ethanol shareholders will own approximately 58% of the issued and outstanding shares of common stock of the combined entity"

That remaining 42% must include both the existing AVRW common shareholders and the holders of preferred shares or convertable debt (the debt holders). It that's the case, it would seem an excellent deal.