Alto Ingredients Inc (ALTO)

[keekee]

Honestly, this ran up because some people wanted to hold it above $1 for a while to satisfy minimum list-price rules. I can't think of any other reason.

Pros:

**A penny of earnings prior to second and last share issue
**Knocked down debt

Cons

**A neagtive ER if you factor in all share issues
** Tons of new shares - 77,500,000
** Worst yearly quarter coming up
** Company is an operator for the real owners of the Plants. So movement of Ethanol prices does not necessarily translate into more profit
** Desperation in pumping - paid pumpers I would say
** Until next ER and MD&A, Don't think stock is worth more than $0.80 - $1.00 (premium at $1)


BY THE WAY, I covered those shorts at $1.29. A little too early, but I am not greedy. Will try to do it again