Pacific Ethanol, Inc. (PEIX) Social Stream
Warning: This security is no longer trading. As of 1/12/21, Pacific Ethanol, Inc. (NASDAQ: PEIX) has changed its corporate name to Alto Ingredients, Inc. The company’s stock will begin trading under a new ticker symbol, ALTO.
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NEXT BIG THING... $AMTX $GEVO $REGI $PEIXFranzo84, published January 31, 2021
Aemetis is issuing up to 84M value of new shares to repay high interest existing debt. You scared? NO! Not that bad at all guys!
First, that-s just a maximum amount, not a floor.
Second, they will use such proceeds to replace high cost (up to15%) existing indebtedness with low cost debt from new shares issue and this will positively impact next financial results.
Third, part of such proceeds will be also used to fund new activities and investments (like electric vehicle R&D).
Maybe it has gone down a bit in the past days but will soon return on a growth path, at least 30$!
That’s a STRONG BUY so LET S SQUEEZE THE SHORTS!