Alto Ingredients Inc (ALTO)

[petermic]

In the first 9 months of 2011 PEIX made a grand total of $229,000 of operating profit.

At the moment they are doing relatively well as ethanol prices are up and corn prices are stable. But that's just commodity cyclical stuff and the poor sugar harvest in Brazil. It won't last longterm.

And PEIX just sold 28 million shares at $0.30. That makes me suspect that maybe there is paid pumping going on.