Alto Ingredients Inc (ALTO)

[kel3]

This Is What the 10Q Says

They Will be Able to Restructure the credit Line,Much Of Which Is Unused

Realize,this Is Revolving Credit & Is Used and Paid Back Month to Month/Or Quarter to Quarter.

It Is Considdered Current Liabilities Even though It Unused

The Company has had and continues to have extensive communications with holders of the $39,500,000 in debt due June 25, 2013 to restructure the existing loans and any additional loans under the new $10,000,000 credit facility. The Company also continues to explore its capital raising alternatives. The Company believes that it will be able to successfully restructure the loans or raise additional capital, or both, prior to the June 25, 2013 maturity date.

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the dividends

Series B Preferred Stock agreed to forebear from exercising any rights they may have with respect to the unpaid dividends until January 1, 2014

(Agreed to forbear till Jan. 1 2014)

The Revolving Credit Is Used for Hedging & Plant Maint,they Have $18.7 Million Cash to Pay Credit Payments.

Read this and get a Grasp Of It Doub

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