It's no secret now that AMEL had to amend its financial statements for toxic financing as I warned you in advance. At the same time AMEL took funding from TCA Global which is yet again toxic but much worse. TCA is worse because it started out as a Florida company but moved its operations offshore. Query of the day, what happens to physical shares of a US public company when they are moved offshore? In addition, companies like TCA try to circumvent derivative accounting rules by structuring the debt as a contract for discounted stock purchases with contingencies. Regardless, the contract itself has imbedded derivatives.
AMEL has already hit death spiral mode which gets worse over time in the near future. It's urgent that AMEL gets rid of all its toxic financing. Look at MSLP, it got wise and dumped its toxic financing from TCA.