May. 13 at 6:43 PM
$AMTX You have zero bull case as you cant form any sort of financial thesis.
The very expensive and untimely roll out of unprofitable assets.
After hundreds and hundred of millions paid over the years to Third Eye (interest, fees, amendments), the equity value is tiny and the business is still burning cash.
At
$150M market cap with
$533M debt and no sustained profits, the āreal operational assetsā come at a very high effective cost to shareholders via dilution, leverage risk, and opportunity cost.
Its a high-risk micro-crap with going-concern pressure, refinancing is existential. The assets have optionality (RNG scaling, credits, MVR efficiency), but history shows execution has been slow, expensive, dishonest and nonexistent at best.
