Alto Ingredients Inc (ALTO)

[moneym8ker]

BWAAAAAAAAAAA HAAAAAAAAA



So let me get this straight...

PEIX issues $75 MILLION DOLLARS IN SHARES AND “PROMISES” to use the money to pay off debt.

They say they’ll be in zero debt with this offering and the sale of some assets.

$75 million dollar offering closes, they sell some assets

And then they announced yesterday that they closed $30 million?

Where did the other $55 million go?

And anyone wonders why this stock is tanking today?


I’ll tell you why it’s tanking.


It’s tanking because smart people read beyond the headlines and dug into the SEC filings.
Smart people said “2+2 never equals 3”

It’s being sold because the CEO is full of crap.


Lesson:

Do not tell investors that you’re raising $75 million to pay off debt and then announce you’ve only paid off $30 million.

Investors will ask where the $45 million is !

That’s why it’s being sold so hard