Jan. 11 at 6:46 AM
$AMTX As of January 11, 2026, Aemetis owes Third Eye Capital (TEC) about
$368 million in total debt and liabilities (
$237 million in secured notes plus
$131 million in biogas preferred units). Yet, since 2012, TEC has pulled in an estimated
$400-500 million from Aemetis through interest payments (
$300 million), fees (
$40 million), and net inflows from principal repayments and ITC proceeds (~
$100 million after new advances). This makes TEC the clear winner, earning hefty returns (20-30% effective yield) while the debt keeps ballooning via extensions and accretion, proving they're the true leadership of Aemetis. Forget betting on Aemetis' biofuels boom; you'd be better off investing in Third Eye Capital, they're the ones turning debt into a goldmine, while Aemetis shareholders just get diluted.
Congratulations Eric, very admirable!