Alto Ingredients Inc (ALTO)

[Dutch1]

So you finally agree that the six officers of Pacific Ethanol made a purchase of more than 423,000 shares (through an SEC-approved insider stock-trading platform), that this is a vote of confidence in the company

NO, because it might be that it is all because these shares are part of the incentive compensation. That means a form of payment received for their work for the company as part of the Stock Incentive Plan.
That would make it impossible to be a vote of confidence.It makes very much sense that that would have been the case since all board members acquired the shares at the same date, and do to every year that time of year.

Or in the very unlikely case that it wasn't part of the incentive compensation, it would be a planned buy, like any other planned buys as part of the Rule 10b5-1 trading plan, avoiding that it would have been based on inside information. So even in that case it means nothing. Especially when you look at previous acquisitions in the same periods of previous years, you'll see that these have no relationship to positive earnings. Simply because after the earnings following to these acquisitions the shareprice dropped.

Did you notice that that these buys differ from normal buys by the board members?

As you'll see on this page normally a buy says BUY and is done on the open market. But if you look at these periodic acquisitions, you'll see these are saying Acquisition (Non Open Market). That means these shares are bought directly to and from a company.

stock is far undervalued because the Book Value is more than $6.50/share.

You could say that the stock is undervalued if it was sold today for the book value and the shareholder all received their share. However, if the company was sold today, you would have to wait what a buyer was prepared to pay. Because who is wanting to have the ground, the plants and the business if it under performs for that price? The value of the plants is based on a full working plant. But what if nobody needs such a plant and is only willing to pay what it is worth in iron?
What if nobody whats the ground it is build on?

A company and a share is only worth what one is willing to pay for it.

I repeat:

117 Nasdaq companies are priced at less then 20% of their book value.
That's 2.24%

If you make it below 50% of their book value it are 385 companies, which is 7.4%.

Like I said, enough other stocks that are priced way under it’s book value.

If you think PEIX should move up based on the book value I also repeat:

Tell that to the market and all the other stocks that are priced way under it’s book value. That will help!