Replies to post #29791 on Alto Ingredients Inc (ALTO)

[Harry Winston]

"We" can't refer to you and I because I've already accepted and stated Pacific Ethanol's upside potential. There's no need to "work with it". The market has also accepted it, and their new credit agreements, announced one month ago today, will also help.

Neil Koehler, Pacific Ethanol’s president and CEO, stated: “The agreements with our lenders provide the Company with additional liquidity and support further strengthening of our balance sheet. We are pleased to be working cooperatively with our lenders while we pursue our previously announced strategic initiatives.”

Further details on the credit agreement amendments and related agreements can be found in the Company’s Form 8-K filed with the Securities and Exchange Commission on March 27, 2019.

Notice that Pacific Ethanol, in full compliance with the laws that the SEC enforces, filed an 8-K to announce these new agreements. The plaintiff in their patent infringement lawsuit can't say that, but you knew that already.

There's another reason for the rally. Last Wednesday, six Form 4s were filed by various company officers. These documents all showed the acquisition of tens of thousands of shares of PEIX stock.

The President & CEO bought 167,000 shares. LInk
The Chief Operating Officer bought 57,500. Link
The Chief Financial Officer bought 57,500. Link
The VP and General Counsel bought 57,500. Link
The VP for Supply and Trading bought 42,000. Link
The VP for Commodities and Corporate Development bought 42,000. Link

These purchases, all made at $1.12/share, added up to a total purchase of 423,500 shares by the officers of this company. That's a very bullish sign of confidence in the company. I'm going to keep buying shares. Any smart investor will, too.