Alto Ingredients Inc (ALTO)

[stocksmanjr]

moneym8ker I see nothing from about a week ago. The name change pr was posted Jan 13 (3 weeks ago) with no mention of only paying off only $30 million and restructuring the rest. The previous pr with info regarding what you posted is dated 12/21/2020, or over 6 weeks ago.

In 12/21/2020 pr the company states

Pacific Ethanol Pekin, LLC and Illinois Corn Processing, LLC paid $24.9 million in connection with the amendments, repaying all term debt and reducing the borrowers’ revolving lines of credit to $30 million in total...expects to be net term debt free, meaning its consolidated cash exceeds its remaining term debt, at the end of 2020.

They didn't just pay off 30 million like you posted, they reduced the debt from $135 million to $30 million. Huge difference.

Get your facts straight or feel free to provide another link to substantiate your claims. Were you looking at a different iBox?