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Pacific Ethanol, Inc. (PEIX) Message Board

  • ninghai_2000 ninghai_2000 Dec 12, 2013 2:43 PM Flag

    Cash out this, fast than NK and his buddy!!!!!!!!!!!!

    The Notes are also convertible from time to
    time, at the election of the holders, into shares of the company’s common stock at a conversion
    price of $1.00 per share. Warrants to purchase an aggregate of 27,594,000 shares of the
    company’s common stock will be issued with the Notes and will have an initial exercise price of
    $0.52 per share, representing a 50% premium to the closing bid price of the company’s common
    stock on March 27, 2013. The Series A Warrants will have a term of two years from issuance
    and will be exercisable beginning one year from issuance. The Series B Warrants to purchase
    15,768,000 shares of Common Stock are subject to stockholder approval of the Tranche B Notes,
    will have a term of two years from such stockholder approval and will be exercisable beginning
    one year from such stockholder approval. If such approval is not obtained, such warrants will not be exercisable and will expire.

    HAWEHAWEEEEEEEEEE!

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