Ironstone Group Inc (IRNS)

[db7]

https://www.sec.gov/Archives/edgar/data/723269/000000000023012849/filename1.pdf

[bedrock]

Thanks. Looks like they made an effort to disclose holdings, etc. maybe they’ll get off the “ expert “ market.

[db7]

www.ironstone-properties.com

[db7]

looks like they lost(?) or abandoned the ironstone domain? .....now up for sale

[db7]

10k, excerpts:
"
The Company has been unable to contract a PCAOB auditor for an examination of the 2022 and 2021 financial statements and records. The Company continues to search for an auditor.



Due to the Company not being able to secure an external audit, the SEC removed Ironstone Properties from “Retail OTC” and place the Company in the “Expert Trading” category of the OTC during September 2022, thereby reducing trading liquidity.

"


"
On November 30, 2022 the Company renewed its’ note for five years, replacing the note issued April 1, 2012. The renewed terms are 7% interest rate, maturing November 30, 2027. The gross amounts payable under the agreement as of December 31, 2022 and December 31, 2021 was $2,603,214 and $2,329,510 respectively. As part of the note renewal, a warrant was issued to the lender to purchase 319,021 common shares at $2.04 per share. The warrant has a five year term, expiring November 30, 2027.
"

[db7]

hmmm... ironstone website till down, wrhambrecht site now redirects to this new site:

https://www.hambrechtcapital.com/

https://www.hambrechtcapital.com/team


this all looks recent within the last 2 months'ish

[bedrock]

Wonder if they’re still filing?

[bedrock]

I am hopeful Db- those guys bought stock relatively recently.

[db7]

i view this as possibly the opposite; maybe something 'new' being put there.. we'll see

[bedrock]

Uhoh— Stuff happens !

[db7]

hmm, as of today when i go to the website i'm seeing this:

"

Looks Like This Domain Isn't
Connected To A Website Yet!
Is this your domain?
Connect it to your Wix website in just a few easy steps:
Go to Wix.com > Subscriptions > Domains
Click Use a Domain You Already Own
Follow the steps to connect your domain to your website
Need more help?
Please contact our Support Team

"

[bedrock]

Making money? Cash flow positive?

[db7]

Tango, $400m run rate; too bad we are no longer in a hot M&A environment... Should have exited while SPACs were all the rage-

[db7]

same answer as last time... see post 484

[bedrock]

Current quote?

[db7]

there is no quoting available as they are now on the grey sheets; some clarify from the company would have been nice...

assuming they take the effort to fill out the appropriate forms and get a market maker to sponsor them, i've read it can take 3-6 months to get back on the otc quoting again-

i use tda and they won't allow me to even place a buy order for irns.

[bedrock]

So , how do you get your quote, Db?? Are they just not filing now?

[db7]

ha.. we wish....

[bedrock]

Quote?

[bedrock]

Ironstone owns shares of Aristotle via Mayer and Hambrecht transactions.

[bedrock]

Predictit is a New Zealand-based online prediction market that offers exchanges on political and financial events. Predictit is owned and operated by Victoria University of Wellington, with support from Aristotle, Inc.

Both Aristotle, Inc. and Predictit are located in Washington, DC.

Trading markets!

[db7]

due to 15c2-11; i have notified a few related parties as to the issue fwiw. as of yesterday, i believe it was 1.15 x 4.50 if i recall correctly

[bedrock]

Anybody know the quote now that it’s not transparent ?

[bedrock]

Must be a big player, huh?!

[db7]

well the 400 share bidwhacker is down to 200 shares now .....

[db7]

Unaffiliated public ownership: 230,365

[bedrock]

From your lips to gods ears!! How many shares did you say were in non-management hands?

[db7]

appears so; could be a low-float rocket with the right news and/or momentum behind it(?)

[bedrock]

Must be very thin , db?!

[bedrock]

Exactly! Sit tight

[db7]

Everything you’ve stated would be a lot of effort for nothing if we’ve already seen the plan

Time will tell

[bedrock]

They bought $200,000 of an entity valued at 150 million—- so I can’t make that leap, DB. But they’ve now filed for a year , dismissed the debt, peppered the pots of two directors and are up to date. Nobody does that without some intent. I’m hopeful!!

[db7]

guessing this entity merges with Aristotle???

[db7]

so we quickly spent the money from Harold's share purchase on Hambrecht's Aristotle shares

what's next?

[db7]

last friday 8k, doubled our holdings in Aristotle? "On May 9, 2022 the Ironstone Properties Board of Directors approved the purchase of 5,037 common shares of Aristotle, LLC, a privately held company at $19.853 per share from the personal holdings of Ironstone Properties Chairman of the Board of Directors William Mayer for a total of $100,000. William Mayer and CEO William Hambrecht abstained from voting. This transaction was executed on June 16, 2022. The sales price was determined using a company value of Aristotle at $150 million."

[db7]

wow; lake lots for around $2k... sign me up! https://sauk.granicus.com/MetaViewer.php?view_id=2&event_id=21975&meta_id=103155

[db7]

Posts 457 and 459; appears Aristotle, LLC has or had partnership ownership in Aristotle, Inc(?)

https://www.fbcoverup.com/docs/library/Pelosi_Nancy_HOUSE_278-financial-disclosure-2012-submitted-May-15-2013.pdf

[db7]

https://opencorporates.com/companies/us_ca/199922810008


https://sec.report/CIK/0001099891

[db7]

Either way, puzzling that they're still adding miniscule holdings into here imo. Would assume (as most here have for years) that they'll have to do a capital raise or merge to grow behind this entity with a few random, small holdings....

[db7]

maybe you are correct; google search seems to allude to Aristotle, LLC owning properties(?) ... 'and' being in court a lot LOL

[db7]

i believe so.. found an old sec filing with hambrecht on it listing that as the website:

https://www.sec.gov/Archives/edgar/data/1114361/000092962400000710/0000929624-00-000710.txt




?

[TallTrader]

Do you think that is the correct company? The investment was in Aristotle LLC, and that website is for Aristotle, Inc.

WE AT ARISTOTLE, INC.

[db7]

https://www.aristotle.com/about/

[db7]

so what the heck does this small arms-length transaction mean? assumed they were getting ready for a big reverse-merger style transaction and we get this....

confused-

[db7]

8k, "On May 9, 2022 the Ironstone Properties Board of Directors approved the purchase of 5,037 common shares of Aristotle, LLC, a privately held company at $19.853 per share from the personal holdings of Ironstone Properties CEO and Board of Directors member William Hambrecht for a total of $100,000. Chairman of the Board William Mayer and William Hambrecht abstained from voting. This transaction was executed on June 9, 2022. The sales price was determined using a company value of Aristotle at $150 million."

[db7]

so many super impressive people involved here; director: https://www.blackrockbkcc.com/board-member/william-mayer

[db7]

Yes, I follow Harold on linkedin; always wondered why he only had 500 shares

G/L!

[bedrock]

DB- Harold was the only one without stock. Now he’s in. He ran the Kaufman Foundation. Still just 2.7 million shares out !!

[bedrock]

Northward Ho !

[db7]

where we going?????????