Pacific Ethanol, Inc. (Nasdaq:PEIX) reached up 12.17% in morning trading to $.59 with 4M shares traded. Pacific Ethanol, Inc. is the leading marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain (WDG), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a 20% ownership interest in New PE Holdco LLC, the owner of four ethanol production facilities. Pacific Ethanol operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. The facilities in operation are located in Boardman, Oregon, Burley, Idaho and Stockton, California, and one idled facility is located in Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG. Pacific Ethanol, Inc. (Nasdaq:PEIX - News) yesterday provided an update on its senior convertible notes. The aggregate unpaid principal balance of the notes, originally $35.0 million as of October 6, 2010, has declined to $820,000 as of November 1, 2011. The principal balance was $8.4 million as of October 3, 2011, the date of the Company's last update. To date, a total of $33.0 million in principal has been converted into 58.4 million common shares, at an average conversion price of $0.56 per share.
Seven Arts Entertainment Inc. (NASDAQ: SAPX) reached up 13.16% in morning trading to $.43 with 750K shares traded. Seven Arts Entertainment Inc.'s predecessor was founded in 2002 as an independent motion picture production and distribution company engaged in the development, acquisition, financing, production, and licensing of theatrical motion pictures for exhibition in domestic (i.e., the United States and Canada) and foreign theatrical markets, and for subsequent worldwide release in other forms of media, including home video and pay and free television. Seven Arts Entertainment Inc. (NASDAQ: SAPX - News) issued a letter to stockholders today from its CEO Peter Hoffman to discuss current events, including the recent volatility in the Company's stock price.
AER Energy Resources, Inc. (PINK: AERN) reached up 8.02% in morning trading to $.0175 with 1M shares traded. AER Energy Resources, Inc., a Nevada corporation is in the business of acquiring, managing and operating cash-flow producing oil and gas properties as well as operating a petroleum marketing subsidiary, FTPM Resources, Inc., which is primarily focused on the purchase and sale of fuel and petroleum products with a special emphasis on the recycling of used motor oil. AER Energy Resources, Inc. (Pinksheets: AERN.PK - News) yesterday evening announced they have entered into an agreement to JV up to 100 shallow oil wells in Kansas. The Company will rework these wells and drill additional new off-set wells, utilizing the latest drilling technology for maximum efficiency, and cost effectiveness.
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