Alto Ingredients Inc (ALTO)

[moneym8ker]

You need to do a little more research on my historical bias for PEIX.

I was very bullish and loving the run to $11.44 and HAD hopes for dramatically higher share prices.

I was alarmed to see the associations between PEIX, and the servicer’s of the Reg-A.

I was very alarmed at the dilutive Reg-A BECAUSE I always prefer cost savings and Revenue increases over share offerings WHICH ONLY HURT the common shareholder.
Every single person in management and anyone working for PEIX with a any kind of share based compensation get more shares under their revised compensation package. They’re all given more shares under the revised compensation package so why would they care about the dilutive Reg-A?

Easy answer...they wouldn’t.

There is no real incentive for corporate change when they rely on common shares to raise $75 million dollars to help buy down legacy debt that many current common shareholders had zero say in to begin with but now must pay for.


Do you understand that?

I became bearish at $11.00 and sold.

I’ve seen this walk down to around $5.00 per share and was bearish the whole way down.

Bearish yes...but not wanting to short it BECAUSE I have maintained that even though I don’t like the Reg-A I recognize that the improved balance sheet going forward should be accretive.


As far as insiders selling shares goes: I disagree with regular, seemingly arbitrary sales from insiders.
That’s it. I don’t care if he does it every time and I won’t research your claim that he does because I don’t care.

I like to see insiders accumulate shares. Period.
How can they expect to say “hey common shareholder you should be accumulating” while they’re selling.

I don’t disclose current long or short positions.

Take care,

Happy Friday.