Vertex Energy Inc (VTNR)

[triadtreats]

I can't remember exactly how those PFDs were issued, but from what I understand most of those shares were probably issued to previous insiders and holders of the company that vertex reversed merged into. I look at the diluted share numbers when valuing these shares, and it's possible that there will be some selling in the common once the lock up is done.

I'm not that worried about it. I think if they ever get listed, there will be much more visibility and liquidity in the stock by then. I continue to add, especially at these levels, as in the last recorded investors conference they said that the $80 oil was actually a good level for them because of the ability to collect at lower prices. Management said that they wouldn't do dilutive deals in the conference calls before then, so I think we're in great shape, and sellers are giving us a deal in my opinion.