Aemetis: Solvency Concerns And An Upcoming Equity Offering

was reported, Aemetis noted that

There were no changes in our internal controls over financial reporting during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Despite the "no changes", Aemetis management is now saying that the previously disclosed problems no longer matter.

On page 30 of the Q1 10Q and on page 35 of the Q2 10Q, it is noted that:

Our controls and procedures are designed to provide reasonable assurance that our control system's objective will be met and our CEO and CFO have concluded that our disclosure controls and procedures are effective at the reasonable assurance level.

Something is quite wrong here.

When a...