[db7]

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

[bedrock]

All aboard!!

[db7]

8k excerpt: "On May 9, 2022 the Ironstone Properties Board of Directors approved the sale of 121,212 original issue common stock shares to Harold Bradley, member of the Board of Directors, at $1.65 per share for a total of $200,000. Harold Bradley abstained from voting. This transaction was executed on June 6, 2022. The sales price was determined using the closing price on the date the Board of Directors resolution was approved."

[bedrock]

Patience, DB— !

[db7]

after Hambrecht's conversion (double-check my math):

William R. Hambrecht 1,357,052 52.28%
.
.
.
.
.
Total Shares Issued and Outstanding

2,595,743 100.0 %

[db7]

from 3/31/2022 10k:

As of March 25, 2022, 2,191,689 shares of Common Stock, $0.01 par value, were outstanding.


William R. Hambrecht 952,998 43.5 %

Michael Huyghue 250,000 11.4 %

Shea Ventures 187,296 8.5 %

Elizabeth Hambrecht 157,143 7.2 %

William Mayer 142,857 6.5 %

Thomas Thurston 140,714 6.4 %

Edmund H. Shea, Jr (deceased and related entities) 113,173 5.2 %

George Hambrecht 17,143 *

Harold Bradley 500 *

All executive officers, directors and over 5% owners as a group

1,961,324 89.5 %

Unaffiliated public ownership

230,365 10.5 %

Total Shares Issued and Outstanding

2,191,689 100.0 %

[db7]

almost game time? "On May 9, 2022 the Ironstone Properties Board of Directors approved the conversion of debt held by William R. Hambrecht, CEO to Ironstone Properties, Inc. common stock. William R. Hambrecht abstained from voting. This transaction was executed on May 27, 2022 where a total of $824,269 in loans and accrued interest were converted to 404,054 common shares at a price of $2.04 per share. The conversion price was determined by using the trailing 90 day average stock price."

[bedrock]

Db— I think they could start a Bitcoin mining operation without great difficulty. Sell a few million shares at 10-20 dollars. Privately placed or direct. Easy.

[db7]

4 mm's over $2.40 on the bid

CSTI: 100 x $2.90
ETRF: 2,000 x $2.75
NITE: 100 x $2.75
GTSM: 100 x $2.44

[bedrock]

Who??

[db7]

more market makers active on the bid today fwiw

[db7]

would be a good way to monetize our tango shares for sure

[bedrock]

“ SPAC inquiries “ ?!

[bedrock]

Tango Me ( Tango ) is toast , DB, right ?

[db7]

how much GTSM have to sell here??

[db7]

10Q excerpt: " INVESTMENTS



TangoMe, Inc.



On March 30, 2012, the Company purchased 468,121 shares of Series A Preferred stock from related party William R. Hambrecht at $2.14 per share, resulting in a total investment of $1,000,000. For the year ended December 31, 2020 there was no valuation gain or loss for TangoMe, Inc., remaining at a valuation of $2,574,666. Updating the “MESE” valuation system with current available data from TangoMe, Inc., results in a “Best-fit” company valuation of $2.6bn, translating to a valuation of $4,781,521 as of September 30, 2021. This represents a gain of $2,206,856 for the three and nine months ended September 30, 2021. The investment fair value is based on using a Best-fit valuation for TangoMe Inc. as determined by the MESE big data analysis system and SPAC inquiries for TangoMe, Inc. These are the primary significant unobservable inputs used in the fair value measurement of the Company’s investment.

"

[bedrock]

I think it’s got something to do with Blockchain .

[bedrock]

Don’t think too hard . Just a few million shares. Any good idea will float the boat. And there are a few very well-heeled people involved

Sit tight . You have been patient

[db7]

please no... their wine vineyards?? i was assuming George Hambrecht the finance guy from Barlow BUT i think it's actually Bill's son George who's involved with the wine biz????????

[db7]

"properties" still bothering me; hoping it's just smoke to deflect from the real agenda


all involved are impressive and storied people


hambrecht partners holdings coming in here?

running this as a mini venture entity?

something completely different? aka properties???


we'll see


also recall raise was done at 1.75 years back...

options are priced at 1.99

so $2 would be GREAT buy in imo but settled for adding 3.2's for now

[bedrock]

Maybe you’re the only smart guy in the country, DB ?!

A perfect vehicle…..

[db7]

interesting video; again NOT irns but WR Hambrecht->


https://player.vimeo.com/video/384147918?h=fd48519337

[db7]

hopefully...... aside from the new team, i recall the gifting to the 8 grandkids..etc

.. and Thurston's buys above $3...etc..

http://www.form4oracle.com/company/ironstone-group-inc-irns/company-transactions?id=5031

[bedrock]

Smart nibble, Sir

[db7]

added 3.2

[bedrock]

Db— I think that was coincidental because the filing was accepted at 3:20 pm today, right?

The other Ironstone Group is a design firm in San Francisco — so they had to change the name.

I would say the only relevant point is that they did this to be compliant . Something in the works…..

Down here I’d like to be a buyer ( 3 bucks right now ! ). How to find some cash.

[db7]

and interesting how we saw a mini-selloff on higher than average volume for this stock; someone knew that 8k was going to drop(?)

or just coincidence?

[db7]

"properties" throws me for a curveball.. can't find anything on ironstone properties or hambrecht properties

just some random name they chose for now to get the sos up to date OR does it have meaning for the future here????


why not "investments" or "unicorns" for all i care...


"properties" though????

[db7]

per the 8k we are now: "Ironstone Properties, Inc"

[bedrock]

Me, too. I’m fairly optimistic that they have ideas , etc. why Re-file ??!!

[db7]

They’re late on filings……again- Still have all my shares

[bedrock]

Db- I bought 700 @ 4.375 today. A perfect vehicle, still.

[db7]

seller here and no buyers to absorb it; see how low we get...

[bedrock]

Big play, DB. Sit tight. Nobody paying attention, but they will

[db7]

Q out, excerpts:


"Stock Option Plans

On April 29, 2021 the Company is revised its existing Equity Incentive Plan. As of April 29, 2021, 175,000 options were granted under the Plan, with an exercise price of $1.99 per share, which is based on the weighted average price for the trailing six month average price and an illiquidity discount of 15%. The options vest straight line over three years and expire seven years following the grant date. The plan provides for incentive stock options to be granted at times and prices determined by the Company’s Board of Directors. The stock options are to be granted to directors, officers and employees of the Company, as well as certain consultants and other persons providing services to the Company.
"


"
The Company does not have an independent Audit Committee; however the Company is exploring forming one.
"

[db7]

Q late, interestingly Yates signing as CFO again...

[bedrock]

DB— they ought to be reporting again, shortly

[db7]

now: $6x200 X $9.00x100

[db7]

was 8.37 x 9.99, three 100 share whacks to 8.37 bid.

[db7]

us old-timers deserve $20+ for the wait! lol

[bedrock]

DB— you’ve been waiting about 8-10 years on this. Hope it works. Lots of possibilities! Just 2.2 million shares outstanding!!

[db7]

1,000 vol, trades between 7.80 and 10.13, $6.13x$11.97 ... i don't plan on blow by blow reporting normally but as these are the 1st trades post-reporting again it's exciting..etc...etc




15:19:41 10.13 x 100
15:16:31 8.07 x 100
14:30:50 7.80 x 300
14:10:32 8.00 x 200
14:10:02 8.00 x 300

[db7]

was 8x8.50, 500 traded at 8, now 6.13x8.5

[db7]

our BOD Chairman; impressive resume just like Hambrecht:

William Mayer

https://www.ducere.edu.au/faculty/mr-william-e-mayer/

[bedrock]

DB— now we have something to hope for .

A new cast of players are involved

[db7]

EI, thank you; as always, appreciate your wisdom & expertise with these matters!