There is where things stand as of now.
1. Company is profitable now, Q1 for sure based on cost of corn/milo/corn oil extraction/RINS/Ethanol price
2. Q4 results? they will be better than Q3 and that is the general consensus everywhere. Better than q3, how much, who knows. Fact that earnings are on Monday means they will post good Q4 earnings. You do not have to believe what i say, just go back and look at old earnings, when earnings were posted in beginning of week they were always better than previous quarters.
3. Reverse split, is it possible? sure why not. But what goes against them having a successful reverse split.
a. They already did a R/S June 2011.
b. To do a R/S again is literally suicide for the company, in terms of being able to attract new investors. There are institution investors that bought a ton of shares in the $1+ range and also in the 40c range. I do not think any of them would agree to the R/S.
c. Between the institutions and average investors i think we all outnumber neil and his gang if we all vote NO to R/S.
d. If R/S happens lots of people will be ticked off and no one will invest in PEIX again. Because after the R/S they have capability to dilute well over 200million + shares into market. Where as without the R/S only about 42million or so shares left to dilute. If i was a institutional investor, its common sense no way i would allow a R/S.
e. If R/S vote does go through. I would institutions to start pumping the stock and pps so they can dump their shares. I think there will be a pop in the 60-70c range there.
f. Numbers do not lie. There is plenty of info on EPA site and financial statements from likes of GPRE to suggest that PEIX should also be profitable. If they are hiding information just so they can R/S and clean house and release info post split. PEIX is in for a rude awakening. Plenty of people will be suing them for with-holding information.
Long story short, key is Q4 results and Q1 guidance. If that is good anyone here can easily make 100% or more on their current investment.
