Alto Ingredients Inc (ALTO)

[Rule_62]

Stock, I think I mis-read the corn aspect. here is the link to corn purchasing on their website:

Corn purchasing

However, it appears that would be corn purchasing for their own plants. Still, this would appear to be a very strategic move for PEIX. Nebraska is not only the location where Kinergy has been purchasing ethanol, it's also the most likely location for purchasing corn destined for the California market. It would seem the ideal opportunity to reduce their costs, especially if the Nebraska plant has the storage capacity to stockpile shipments.

One thing's for sure, my spread sheet is about to become a little bigger. Now I need to track dealings in Illinois (I already started tracking Nebraska) at the beginning of Q4).