Alto Ingredients Inc (ALTO)

[radcardnel]

From the GERS 10-K

The Company is party to the matter entitled JMJ Financial v. GreenShift et. al. , an action in which the plaintiff has alleged breach of contract and other causes of action for which the plaintiff seeks damages of about $300,000 plus costs. The Company intends to vigorously defend this action. At this stage of the proceedings, we cannot evaluate the likelihood of an unfavorable outcome in excess of the amounts previously accrued.

The Company is also involved in various collection matters for which vendors are seeking payment for services rendered and goods provided. The Company and its subsidiaries are party to numerous matters pertaining to outstanding amounts alleged to be due. Management is unable to characterize or evaluate the probability of any outcome at this time.

Your pick is a sham perpetrated by lawyers for lawyers. Any more lawsuits brought by GERS will just drive it further into the ground with toxic financing dilution.