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kel3

05/23/14 10:59 PM

#25403 RE: hebercreeper #25400

PLAN OF DISTRIBUTION

we may sell some or all of the securities included in this prospectus through:

· a block trade in which a broker-dealer may resell a portion of the block, as principal, in order to facilitate the transaction;

· purchases by a broker-dealer, as principal, and resale by the broker-dealer for its account; or

· ordinary brokerage transactions and transactions in which a broker solicits purchasers.
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In addition, we may enter into option or other types of transactions that require us to deliver common shares to a broker-dealer, who will then resell or transfer the common shares under this prospectus. We may enter into hedging transactions with respect to our securities. For example, we may:

· enter into transactions involving short sales of the common shares by broker-dealers;

· sell common shares short themselves and deliver the shares to close out short positions;

· enter into option or other types of transactions that require us to deliver common shares to a broker-dealer, who will then resell or transfer the common shares under this prospectus; or

· loan or pledge the common shares to a broker-dealer, who may sell the loaned shares or, in the event of default, sell the pledged shares.

Rule_62

05/23/14 11:36 PM

#25404 RE: hebercreeper #25400

For me there is only one issue in this: PEIX is still willing to treat shares as money. They still refuse to signal to shareholders that the dilution has come to an end. Even given the current bank balance.

I will continue to hold PEIX for the time being based on the outlook for the current quarter. That's where my emotional investment in this company starts and ends. Fear and anger, which interestingly enough are commonly thought to be triggers of addictive behavior, have no place in determining intelligent investment decisions. That was a hard lesson to learn.