This is not a fraud. In the first place, the CEO within the last year has bought a lot at $5+. Secondly, the earnings and the balance sheet are certainly not padded. Lastly, guidance is lower, not higher. This is a very honest, if disappointing, report.
The main problem, of course, is a margin squeeze. The margin squeeze is largely due to the Chinese government putting an artificial cap on diesel prices. AMCF had to keep its prices down to stay competitive with diesel, while still paying more for its raw materials. It is not willing to say that this margin squeeze is near an end.
Guidance is $.52 per share to $.83 per share for the year. They already have $.42. Thus they guide for $.10 to $.41 per share for the last six months. That would be $.05 to $.205 per share per quarter for the rest of the year.
I believe that $2.16 market price is plenty safe for the longer term (especially considering that the tangible book value is $5 per share), but I don't expect a lot of buying pressure in the next few days.