“"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". “
With “work with it” I mean, we can see who was right after a week. So it can refer to you and I. And since I’m the one who wrote it, I decide what Inmean by it.
The market has also accepted it, and their new credit agreements, announced one month ago today, will also help.
Quote:
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.”
“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. “
If it indicates confidence in the company, and is hinting at good times ahead, then it would mean buying based on inside information. Which is illegal.
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