Replies to post #26372 on Alto Ingredients Inc (ALTO)

[wadegarret]

Rule- thanks for doing that DD

I would love to find out there were one time costs in that $.77. I mean as R59 pointed out, with the same margins as in the Mar qtr, they would have posted $1.25. Imagine what it might be in the Sept qtr ! I really would like to see you get through & be on the CC. I mean we could be looking at a PE of less than 4 going forward fully taxed !

[ID Supermoney]

This was an area we were off on!!

Fair value adjustments and warrant inducements.................................................. (2,520)............... (35,844).......................4,257 (5.5M down to 4.0M gives adjustment now as per Rule_62)


Q2 was only

Fair value adjustments and warrant inducements 485

So were were out about $3.8 million in the black to much!!



ID

[ID Supermoney]

Ok from 10-Q1 on taxes!!

Provision for Income Taxes – For the three months ended March 31, 2014, although the Company incurred a net loss for the period, it generated income subject to income tax as a result of the nontax-deductible nature of its fair value adjustments for the period. As a result, the Company applied its net operating loss carryforwards to its potential taxable income and recorded a deferred provision for income taxes of $11.3 million, eliminating any need for a current tax provision or liability. Further, the Company reversed $8.0 million of its valuation allowance against its net tax assets, resulting in a benefit to its provision for income taxes with a net $3.3 million provision for income taxes for the period. Further, on April 1, 2014, New PE Holdco LLC was converted from a limited liability company to a C-Corporation and changed its name to PE Op Co.

So any one know what this REALLY means???

Saving it for what??

New buyout company???


ID

[ID Supermoney]

Here is something interesting!!

Further, on April 1, 2014, New PE Holdco LLC was converted from a limited liability company to a C-Corporation and changed its name to PE Op Co.

Consolidation of PE Op Co. – The Company concluded that since PE Op Co.’s inception, through the point the Company became a 91% owner, PE Op Co. was a variable interest entity because the other owners of PE Op Co., due to the Company’s involvement through its contractual arrangements, at all times lacked the power to direct the activities that most significantly impacted its economic performance. However, since the Company’s recent acquisition bringing its ownership interest in PE Op Co. to 91%, the Company has obtained sufficient control both by way of agreements as well as based on structural control of PE Op Co., such that PE Op Co. is no longer considered a variable interest entity, and as such the Company will consolidate PE Op Co. under the voting rights model.



Noncontrolling interest increased from $5,683,000 at December 31, 2013 to $7,692,000 at March 31, 2014 due to net income attributed to noncontrolling interest of $2,009,000 for the three months ended March 31, 2014.



The Company’s acquisition of its ownership interest in PE Op Co. does not impact the Company’s rights or obligations under any of its contractual arrangements. Further, creditors of PE Op Co. do not have recourse to the Company. Since its acquisition, the Company has not provided any additional support to PE Op Co. beyond the terms of its contractual arrangements.

There there is and was problems with control of company!!


Something BREWING behind the scenes!!


When offering was given for 1.7 million shares AFTER April 1, 2014!!!


GLTA


ID