USS150 million PE Ratio: WA Div. Yield: 0.0% Down from 5yr High: 99% _II Ina Tarp-1 Return 3% Holding Period 24 nxxnh Pacific Ethanol, Inc. (PEIX US) Return since Oct. 2013: 35096+ Investment Targets: Company "B" 5yr Share Performance • Forced selling and hyper-dilutive financing has run its