Aemetis: Solvency Concerns And An Upcoming Equity Offering

Aemetis: Solvency Concerns And An Upcoming Equity Offering by Richard Pearson, Seeking Alpha New campaign announcement: Company: Aemetis, Inc. Short-seller: Richard Pearson Announcement date: 08-11-2014 Summary: On 8-11-2014, Richard Pearson said Aemetis was deeply in debt with $90 million in short-term debt and only $4.7 million in cash. Pearson said predatory lenders that the company had used had already taken 100% of the company’s generated cash for the year and were attempting to seize its assets as well. Because of an “accounting technicality,” Pearson said much of the company’s real short-term debt was hidden as long-term debt, and he questioned…