PEIX - Pacific Ethanol

With the recent pullback do you have any idea when the correction will be over?

PEIX

up $1.50 so far today

Pacific Ethanol, Inc. Completes $84 Million Equity Investment by Cascade Investment, L.L.C. and $34 Million Debt Financing by Hudson United Bank and Comerica Bank, and Files 10-KSB

09:37 EDT Monday, April 17, 2006

FRESNO, Calif., April 17 /PRNewswire-FirstCall/ -- Pacific Ethanol, Inc. (Nasdaq: PEIX) announced today that it has completed the offering and sale of 5,250,000 shares of Series A Cumulative Redeemable Convertible Preferred Stock for $84 million to Cascade Investment, L.L.C. The shares of preferred stock are convertible into shares of common stock at an initial conversion ratio of two shares of common stock for each share of preferred stock which, if converted immediately, would result in the issuance of 10,500,000 shares of common stock. Pacific Ethanol also announced today that it has completed a debt financing for up to a total of approximately $34 million with Hudson United Bank, a division of TD BankNorth, and Comerica Bank.

A portion of the proceeds from the preferred stock offering and all of the proceeds from the debt financing will be used to complete construction of Pacific Ethanol's ethanol production plant in Madera County, California. This plant is currently under construction and is scheduled to be completed and begin operations in the fourth quarter of 2006. The remaining portion of the proceeds from the preferred stock offering will be used to pay a portion of the costs of construction of other ethanol plants on the West Coast. Pacific Ethanol has announced plans to construct and operate five ethanol plants in the Western United States by the end of 2008 with an expected combined installed annual ethanol capacity of at least 200 million gallons.

"Closing these debt and equity financings solidifies our near term growth strategy of building five ethanol plants on the West Coast," said Neil Koehler, Pacific Ethanol's CEO. "We are honored to partner with a strong strategic investor like Cascade Investment and established lenders like Hudson United Bank and Comerica Bank," added Koehler.

Pacific Ethanol also announced today that it has filed its Form 10-KSB for the year ended December 31, 2005. A copy of the Form 10-KSB may be found on the Securities and Exchange Commission's website at www.sec.gov and on the Company's website at www.pacificethanol.net.

PEIX.. advice on long term investment for this one. I personally believe we will have to make better choices in the very near future for fuel and transportation costs. Also any other companies for future hybrid and ethanol investments? Thanks all for advice..

Buy and hold for longterm. Pacific Ethanol is near completion of the first ethanol plant and it will be up and running by the end of 2006. They also are in the permit stages of 4 other ethanol plants on the West Coast.

frank

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yeah, I wish people would understand that Gates is NOT buying this at 30 something. It was known he was investing 84 million in this back in november when it was at 8.

Here comes another wave of huge gains, on Peix. I think it will hit $40 this week. Especially after some 60 minutes pr on ethanol. It should boost the sector again this week. Their not stopping or slowing until they get to $60 or $70 IMO

What did I say. Not bad for a supposed newbie. I'm gonna go out on a limb and say that PEIX will hit $45 by weeks end and their will be a little sell off either friday or monday and that will be the next in for Option players for June Calls. Ladies and Gents... this is the next bull market. Jump on and ride the wave. Just dont forget to get off.

Kind of makes me wish I didn't cancel my buy order last week.

wow there is a huge premium attached to these options for peix. This stock will be at $50-$55 by end of month. IMO

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I say $60

I hope everyone got some options on this thing at a good price, cause it aint lookin back.

wow i cannot believe this!! congrats to those who make money!

wish i hadn't sold the share@ 14 when it broke out!! ... and it was only in Jan that i was telling my family members bill gates bought this at 8 so i will wait for the dip to buy at the same price.. shucks!!

PEIX is looking pretty strong, its a little scary on how fast this has risen and they're not producing ethanol yet, is their a huge pull back coming that we're not seeing yet or is this the making of a $100 stock?

well its official I'm out of peix and into adm options, their cheaper and if I didnt get out I was in danger of being a pig, so why not take 300% and turn it over.

I like ADM very much. I don't own any... though I wish I did.