kel3, congrats on "trading" your way around PEIX. Sounds like you have figured this stock out. It's buyer beware with PEIX isn't it? Buy on the very low (and I mean the VERY low) and turn it over quickly, taking just a little nibble of profit at a time. Soooooo many ways management uses to extract money out of stockholders for operating cash. Good news may be that just one more dilution will be needed to finish buying back the bankrupt facilities. Expect a reverse split to take care of the delisting coming up next year. Expect a financing scheme with stock dilution each time they need more cash for anything, because they do not make any profit. One thing I don't expect is any move towards taking it private, because they would no longer have hapless stockholders to keep extracting cash from and they would not be able to borrow and they would go BK. GLTA
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