Jun. 4 at 8:29 AM
$AMTX Bonus: McAfee’s dodgy past—in 2006 the SEC hit him with a cease-and-desist order for causing Verdisys to violate anti-fraud rules (Section 10(b)/Rule 10b-5). He engineered misleading revenue/expense disclosures, including a
$1M “software” deal he controlled that was actually undisclosed compensation to a stock promoter. He consented without admitting/denying, but the pattern fits perfectly.
Now we get tallow sales that vanished, MVR delays, EB-5 and
$80M C-PACE loans that never closed, a joke
$80M buyback with
$4.8M cash/
$405M debt, and the latest “
$1.1B weird financing” resolution. Debt balloons under McAfee while Third Eye gets paid first. This company’s business model is insider enrichment via perpetual dilution—not RNG profits. Wake up, retail. Same story since 2008.
