Thursday, October 29, 2020 10:52:49 AM
Even if all short positions had to cover it’d be worth a blip...a barely green day on a chart otherwise buried in red.
Less than 1.8 million shares short.
That’s less than 25% the average daily volume to cover.
I personally love the stock and the new direction with alcohol and sanitizers and the shift away from ethanol.
I initiated a new position yesterday @$6.05 so I’m long SFOR but I have some questions for PEIX:
1.) The HC Wainwright connection seems super shady to me. How can a management company like HC hold a position that wasn’t disclosed and then issue such a lofty share price target without it being insider trading or at the very least a conflict of interest?
2.) Why would PEIX offer $75 Million in shares? At the time of the filings the stock had soared from $0.22 to over $4.00 per share. Why not use the cash on hand to buy back their own shares? Why dilute the shareholder?
3.) Yes, a run from $0.22 to $11.44 is nothing to complain about BUT what about the investors who bought years ago at $15.00 or $19.00 and suffered massive losses from those prices down to $0.22?
Those investors finally saw a glimmer of hope on this monster run to $11.44 only to see the stock priced nearly cut in half ($5.92 yesterday) over the last few days because of this highly dilutive offering.
Like I said, I’m long PEIX but these are serious concerns. I would love to see SFOR be a long term play for me but I’ll sell the moment a profitable trade turns into a break even event or a loss.
Recent ALTO News
- Alto Ingredients, Inc. to Present in the 26th Annual H.C. Wainwright Global Investment Conference • GlobeNewswire Inc. • 09/03/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:35:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:21:10 PM
- Alto Ingredients, Inc. Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/06/2024 08:05:20 PM
- Alto Ingredients, Inc. to Release Second Quarter 2024 Financial Results on August 6, 2024 • GlobeNewswire Inc. • 07/30/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:15:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:13:30 PM
- Alto Ingredients, Inc. Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/06/2024 08:05:21 PM
- Alto Ingredients, Inc. to Release First Quarter 2024 Financial Results on May 6, 2024 • GlobeNewswire Inc. • 04/29/2024 12:30:15 PM
- Alto Ingredients, Inc. Appoints Todd E. Benton as Chief Operating Officer; Michael D. Kandris to Continue to Serve as Director • GlobeNewswire Inc. • 03/21/2024 12:30:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:18:04 PM
- Alto Ingredients, Inc. Reports Fourth Quarter and Year-end 2023 Results • GlobeNewswire Inc. • 03/11/2024 08:05:08 PM
- Alto Ingredients, Inc. Enters Letter of Intent with Vault to Advance Carbon Capture and Storage Initiative • GlobeNewswire Inc. • 03/11/2024 08:02:21 PM
- Alto Ingredients, Inc. to Participate in the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/05/2024 01:30:06 PM
- Alto Ingredients, Inc. to Release Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 03/04/2024 01:30:24 PM
- Alto Ingredients, Inc. Publishes Sustainability Summary • GlobeNewswire Inc. • 12/11/2023 01:30:04 PM
- Alto Ingredients, Inc. Extends Term Loan Commitment Period • GlobeNewswire Inc. • 12/06/2023 01:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/08/2023 09:32:32 PM
- Alto Ingredients, Inc. to Participate in Upcoming Conferences • GlobeNewswire Inc. • 11/08/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 09:19:10 PM
- Alto Ingredients, Inc. Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/06/2023 09:05:29 PM
- Alto Ingredients, Inc. to Release Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 10/30/2023 12:30:00 PM
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