Aemetis Inc (AMTX)

[dude iligence]

AMTX $19.38 +.93+5% moving up after basing along the upward ascending 50m for 6 days.



Factors that have been in play.

Biden announcement of raising long term capital gains from 20% to up to 43% .
Shortly after form 4s of some mild insider sales

Followed by a increase of 5% of the float that is shorted.

Shares Float 18.84Mil Short Float 9.28% =1.74mil shares short

Shorters may have been emboldened by the insider sales and thinking amtx would fall below the 50ma. What they likely didnt consider that the tradable float is considerably smaller than the 19mil. Per Yahoo Institutions own 41.14% and insiders own 8.11% of the shares.Thats a whopping 49.21% of the OS. Float is the unrestricted shares of the OS. If all those share held by institutions and insiders are unrestricted then that leaves a tradable float of aprox only 9mil shares. 1.74/9=19.33% of the tradable float is short.

News out today

Aemetis Achieves Major Project Milestone by Receiving Authority To Construct Permits for ‘Carbon Zero’ Renewable Fuels Plant

Thu, April 29, 2021, 7:00 AM·4 min read

AMTX
+5.04%
Air Permits Allow Up to Three Gasifiers to Process Waste Orchard and Forest Wood

CUPERTINO, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire ? Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced that the company has received nineteen permits granting the Authority To Construct (ATC) from the San Joaquin Valley Air Pollution Control District related to the Aemetis ‘Carbon Zero’ renewable fuels project in Riverbank, California. Each permit states a specific set of equipment and the conditions for operation of each unit.

“The Authority To Construct air permits are a significant permitting milestone for the construction of the Aemetis renewable fuels biorefinery at the 142-acre Riverbank Industrial Complex,” stated Eric McAfee, Chairman and CEO of Aemetis. “The engineering, application and review process required several years of work by our technical team with the support of several environmental consultants. The collaborative, supportive approach taken by the regional air district enabled this process to move forward at a steady pace,” added McAfee.

“We are thankful to the staff at the San Joaquin Valley APCD for their diligent and professional work,” McAfee said. “We can now begin the fabrication of equipment by vendors and expand our project team to ramp up the construction process, creating more than $200 million of planned investment and employment in the Central Valley as we build and operate the biorefinery.”

The Carbon Zero biorefinery is scheduled to be completed and begin operations in year 2023, then double production capacity by year 2025.

The project is supported by $17 million of grant funding from the California Energy Commission and the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA).

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Factors moving Forward. Corona Virus is basically old news. Current administration thrives on creating crisis then throwing money at it to make it look like they are doing something. Months ago I said as soon as Corona crisis loses its appeal the focus will shift to the New Green deal Crisis. We are seeing this take place it will heat up with the summer. Money is going to flood back into the environmentally friendly stocks. AMTX has been one of if not the strongest of the bunch. This is in a large part due to the tiny tradable float. Word will continue to spread on AMTX.

The Shorts have made a bad trade IMO with almost 20% of the tradable float short AMTX has the makings of a short squeeze. That tradable float is the shares that you, me and the rest of the world can trade. I increased my share count by 50% on the last flip at $15.5. The float continues to be locked down by strong armed shareholders that have no intention of selling anytime soon.