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Pacific cash runs low

This article was originally published in The Public Ledger

PACIFIC Ethanol said on Tuesday it has money to last until the end ofApril without a restructuring or cash injection, as it reported a fourth quarter loss of 61¢ per share on sales of $160.4m, up from $130.4m a year ago when it made a 39¢-per-share loss. Pacific Ethanol's lenders have agreed to refrain from exercising their rights and remedies to April 30 and the company added that it had received a $2m loan from its chairman and chief executive.

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