Alto Ingredients Inc (ALTO)

[Slashnuts]

Patent Infringing PEIX Files False Statement With SEC...
Overstates revenue by $10,000,000

Our first quarter 2019 net sales were up 6% sequentially to $365 million.

https://www.sec.gov/Archives/edgar/data/778164/000161577419006819/s117892_ex99-1.htm

Neil just lied to the public and investors. His opening statement overstated revenues by $10 million. In Q418, revenue was $335 million. A 6% sequential increase puts revenue at $355 million, $45 million lower than this time last year. The lies filed with the SEC and reported to the pubic falsely claim revenue was $365 million. Neil is as bad at math as the PEIX pumper, HW.

I've already filed a complaint with the SEC in regards to Patent Infringing PEIX filing false, misleading statements that amount to nothing but lies. These lies confuse the public and must be corrected immediately. False statements made to the SEC, IE overstating revenue is fraud. A correction will be made or yet another lawsuit will be filed...

I can see his excuse, "please forgive my obvious fraud, my finger "accidently" hit the 6 instead of 5." Yea right! This is nothing more than fraud for this bankrupt POS patent infringing scam.

Net sales down...
Gallons sold down...
Production gallons sold down...
Gross loss $2.3 v.s. profit $3.4 down...
Operating loss $10.5 v.s. $6.0 loss down(up)...
EBITDA $1.6 V.S. $5.7 Significantly lower down...
Cash down significantly to $21 from $57 million down...

Since he lied about revenue, what other numbers are false?

What a POS...