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Short term swings don’t matter - this stock is pure gold - they have more business than they know what to do with and an incredible backlog - good financials - and mega growth - this is a buy and hold for several years - anything down below $10 is a gift - IMHO.
I agree - like this one - my average is around $2.50 - I think we could be looking at many multiples if things pan out - I am still happy to buy at these levels too.
They’ll be chasing this one and flipping for pennies-
The real money is holding this one and accumulating on any weakness - oscillations aside, the run has just begun -
Looks like some sell on news after a nice run-up. Another buying opportunity if you ask me on any weakness before next leg higher. JMHO GL2A.
Just them rearranging the deck chairs on the Titanic.
Love the absolute clowns on here saying to sell from $2. Still holding my $1.80s, holding Long Term - short term spike here will be followed by much higher longer term move - this co. is total bank.
Yeah - and the guy owns 1.2M shares - this is less than 10% of his holdings. Lots of sales around this time are also tax driven too…
Ionic will go public - without a doubt . Keep an eye out if you like the tech, there will be further chances.
AMNL never had a chance with all that debt. In Carney’s defense Mr.Z and previous crew fixed his wagon.
He still could have done much more with his time, but it wasn’t going to be easy - he just wasn’t up to the task.
I doubt we ever hear anything from this company ever again - it was delisted pretty fast - there is no reason to think it could ever recover.
I still believe what they have left will end up with these guys:
https://www.businesswire.com/news/home/20231102317679/en/Ionic-Mineral-Technologies-Unveils-State-of-the-Art-Silicon-Anode-Production-Facility
LOL like they are really going to care.
I take all that with a grain of salt - odds are we don’t ever get off the current market and AMNL never recovers - those are just the sad odds.
I am actually kinda put off by the fact that these statements may induce someone to get into this mess - I mean if you are already in, that is one thing - but some of those statements do not comport with reality…just wishful pie-in-the-sky thinking.
I, personally, don’t take this CEO seriously, no matter what he says, his track record speaks for itself.
GL2A
DD is they don’t even have enough cash to stay current- unless some significant revenue stream comes, and fast, it’s lights out. JMHO - GL2U
Mastery is what I do. You are very welcome!
Lol - sure, dude - they are flat out telling you they don’t have enough cash to even stay current - you want to believe that doesn’t mean anything….hey, it’s your money if you own shares here - GL2U.
Here, I’ll make it easy: the basic statement:
The Registrant requires additional time to gather information required to complete its Quarterly Report for the period ended September 30, 2022.
Not, “we ain’t got no cash”….LOL
Na, the basic phrase was in the last NT filed - that is the plain-vanilla phrase- check it out - this one is “special”. LOL
I hate it when you talk to CEOs and they sugarcoat things on the phone - that is why I rarely speak to them - at this level they are just glorified used car salespeople…
I will go to meetings and ask questions in public forums because they can’t get away with it as much as they can with a one on one, but I have learned to not let them blow smoke over the phone… not saying anything you are saying isn’t coming from a good place, I am just suspicious of these guys…
I believe you when you say that is what he said, but bottom line is AMNL is completely out of cash and that’s telling - if they don’t get some kind of sales and real quick they won’t be able to operate or keep the lights on…
Would be nice if what you were told was consistent with the filing - just sayin’
It doesn’t say that they changed accountants, it says they can’t afford to have them done.
“Due to liquidity constraints, the Company has not been able to file its Form 10-K for the twelve months ended December 31, 2022 as well as its Form 10-Q for the three months ended March 31, 2023. Once the Company has adequate liquidity, it intends file both its Form 10-K for the twelve months ended December 31, 2022 as well as its Form 10-Q for the three months ended March 31, 2023.”
Dude, your post was like four sentences long, that was one of them... The others consist of promises as to application of the clay...and that he is working 7 days a week on this...
So, you mean to tell me if you were CEO of a company and were working 7 days a week on it, you would be so aloof and insouciant that you wouldn't realize the stock price went down 85% in a single day? Come on, either he is lying about that, or he is too busy on Indeed.com looking for alternative employment to care....
If he is spending 24 hours a day 7 days a week on this company (a company's whose share price is down some 98% year-to-date)....that does not say much for our CEO.
Why not ask him why he didn't have a real annual this year with a Q&A? Or ask him why the annual report is over a month late? Why don't you ask him about Ionic, and how/why they are advertising as if they own the same mine we do? You should ask him to put out a statement to shareholders stating what the next move is instead of just the required language of the 8k....
A CEO that doesn’t even know his company’s share price? Not the vote of confidence you may think it is….just sayin’….GL2A.
Going through most of that AND also knowing that you said we "didn't know what we were talking about" and the 8k was "nothing" only mere hours before the stock price went from .0029 to .0006 - ... I DO actually agree with some of what you are saying here.
Agreed, the investors would not want to take over the business, and as I previously posted, they are guaranteed next to nothing in a BK. However, that said, they are not going to extend the note simply because Carney asks them to, even if he does so, without some plan to see SOME return on investment. With no cash and little other assets (other than the mine), I don't see how AMNL can make realistic promises to make ANY future payments on over $50M in debt. Also, I don't know why AMNL itself would choose to try to carry on with the $50M millstone around its neck.
What makes sense to me is that they auction off the mine through BK - probably gets bought by Ionic - investors get that money (probably less than $5M), AMNL closes its doors, and that is that. Carney goes to work for Andre and the mine carries on and is free of debt and Ionic carries the AMNL torch with the exact same business model (with slicker website, of course)...Now, all that is just my conspiracy, but seems more possible than some of the other suggestions on this Board.
But I agree with you, like I said in my previous post, if you are prone to irrational hope - there IS hope that they extend and we do this all again after a bit of time.
Here is where we are.
Totally agree - loading zone! they got this!
In all seriousness, I am truly taken aback by some people’s comments on here -
For anyone actually interested in the state of affairs here - the Series A notes are explained in the latest 10Q, note 7 page 17.
Thursday’s release states: “The Company failed to make payment of principal and interest under the terms of the Series A Notes, which have a Stated Maturity Date of May 1, 2023, thereby causing an Event of Default under section 7(a) of the Series A Notes. Under the Event of Default, all outstanding principal and interest of the Series A Notes, totaling approximately $31.3 million, are immediately due”.
Here is how this actually works:
https://www.fundera.com/blog/what-is-a-convertible-note#:~:text=Your%20noteholder%20can%20make%20you,ll%20have%20to%20declare%20bankruptcy
Here I’ll make it even easier for our tic-toc culture:
* “Once again, a convertible note is a loan, and if the maturity date arrives, your noteholder may ask you to pay in full, both principal and interest. However, if you can’t pay the loan, you’ll have to declare bankruptcy. Typically, this is not in the best interest of the investor—if the investor extends the note, on the other hand, they’re giving you the opportunity to raise a funding round and, therefore, making it more likely to receive a return on their investment.
* You can try to convert the note to equity with a new cap. Finally, if you can find a common ground that works for you and your investor both, you can decide to convert the note into equity at a different valuation than the one originally intended.”
I think the post I am responding to by Masta explains how ludicrous the second point would be.
This is not the case where you can’t pay, they call the loan, and all they get is some small converted shares - the debt is due $31M of it - and AMNL, currently, has no way to pay it.
So, the bottom line is the holder can extend the loan - or call the note - the Filing says they are in default and it is due, but the holder can of course extend - however, it begs the question why they didn’t extend prior to this point. I will say that it is obvious AMNL would give the investors next to nothing in a BK - but also, probably no real ability to make payments in the future to rationalize an extension as well - they can issue shares but only to the A/S limit, which is vastly, vastly insufficient…
This site explains what happens when that happens: https://kruzeconsulting.com/convertible-notes/
“But if the startup reaches the note’s maturity debt and hasn’t raised more cash, the angel investors can ask for their money back. If that money’s been spent, there’s no way to repay the investors. At that point, if the startup itself has some value, the investors can join other creditors and petition for bankruptcy. Convertible note investors are typically ahead of equity investors, but behind venture debt and other debt holders, in a liquidation process. There is a process that creditors can follow, and investors can use the note to exert pressure on the startup to liquidate the company.”
I think AMNL might file for BK protection to maybe try to move the mine to an intended party (Ionic) and this has been the plan all along….but that is just my conspiracy.
But, like I said, with such debt looming and no way to repay it, it doesn’t seem logical that AMNL would want to extend and not be rid of the loans, and reorganize under BK protection.
Bottom line is I guess if you are prone to such things as irrational hope, there is reason to hope they avoid BK because there is simply no win other than write -off for the holder…
“The lender may have little choice if, for example, the company is in real financial difficulties and there is no real prospect of the debt being repaid. This will be the case particularly if the lender is an unsecured lender or if it stands behind other significant secured creditors.”
Whatever happens, the company is precariously close to bankruptcy - it will probably happen, but it might not - but those saying this is no big deal are just incorrect- odds are the holders push or AMNL just files for BK - but there is an outside chance the holders extend and we play this game again in a few years. Why the holders have waited this long if they were to do that is anyone’s guess…
The fact that AMNL is late on the filings, didn’t have a real annual meeting, etc…and have gone silent again seems to indicate to me that AMNL seeing the writing on the wall are packing it in…but that is only one man’s opinion.
GL2A
How many shares they need to issue for $50M at .0006?
Good luck to you with that. EOM
Writing has been on the wall for months on this one - I have pointed it out many times just to have folks tell me I was wrong, LOL at me, tell me they have won awards and I had no idea what I was talking about etc….tell me there was no way after the award that the gov would give money to a company in this much trouble after I said they would… - everyone thinks they know more than what the filings say, what the company has plainly put out - there is no excuse to have lost money here, it is all in the filings -
I have followed this company for a decade, back when it was Atlas…but…even this morning AFTER the 8k, when it was plain as day, folks were on here saying we were wrong and this was all about nothing… down 79% to all time lows on mass vol is a lot of people thinking the 8k was something.
Still, might dead cat from here - but I wouldn’t play that game…just sayin’
Lol - wow…
Absolutely, Ionic has been quiet - I am sure when this is over they will come out ahead - shareholders here, probably not so much.
Mine was purchased for $500k, sure I am sure it has appreciated some, but debt is $50M….the mine is their only real asset, IP is nonexistent and if you look at filing, equipment is basically nothing…not much cash either…not much else…just sayin’…
Never thought I’d be excited about a rise to .0044 - but here we are. Hopefully, continues - be sure to be smart on the way up, folks.
Annual will be late - no surprise there - but on the positive, at least they are still filing.
You are incorrect- on almost every count - but it is Sunday and I don’t care enough to take this point by point -
Hey - GL2A - hopefully you are right and this isn’t going in the most obvious direction.
I’ll mark you post and we will have our answer in a matter of months.
Nice to see some new, excited long holders on the board- here’s the thing, however:
“BK? Not likely. That gets the debt holder nothing buy legal bills. Kinda like shooting ones self in the foot.” BK is a protection employed by the debtor, not the holder. The holder doesn’t have a say if you declare BK or not. Further, if you are referencing the fact that the holder will be more likely work out a deal as to not have to deal with a BK, that would make sense if AMNL was even close to working out anything close to payments on, or reduction of, nearly $50M in debt; fact is, they are not.
“DOE would not fund the R&D phase II if that was a risk.” This is a fundamental misunderstanding of the process. I won’t get heavy into it - but suffice it to say DoE does not review the applicants for credit worthiness or review their financial books before award. Awards are on the basis of the submission and its promise only.
“Perhaps the debt holders are friendlies that think this will 10 Bagger + market cap, and will to just roll over debt for 1-2 years more?” Sure, they could work something out and sell off a gigantic stake in the company to survive - but here’s the thing - what does AMNL have that let’s say - oh - Ionic does not? IP? No. Personnel? No. A whole heap load of debt? YES.
In other words, what I am saying is that it is just making more and more sense for AMNL to work to move the only asset they have (the mine) and then throw the keys in the mailbox as it were - rather than continue with the albatross which is 50M in debt around their neck’s indefinitely.
Unfortunately, no lies told here.
Sad part is 23 is a pivotal year for AMNL, and they have fallen into past bad habits yet again…I still think if we want to see where this one is going we have to keep an eye on Ionic…way too many unanswered questions with that.
In any event, I have severe doubts at this point that this one will work out - I get the feeling it will be continued silence and one day they will just turn out the lights - hope I am wrong, but it ain’t lookin good right now for sure.
I think the truth is they haven’t addressed the debt issue yet - not saying they will/won’t, but there is nothing in slides other than pretending it doesn’t exist right now AND the typical promises of partnering etc…we’ve been in “preliminary discussions” for like 5 years now it seems…it is disappointing…high upside if things work out, but window is rapidly closing…
It was a company called BIH Corporation - we are going back like 15-20 years ago - but they were in debt, maxed out their A/S, had a deal to be acquired fall through, and their old CEO was re-hired after the current CEO simultaneously resigned. The new CEO was able to buy BIH's assets and added them to his private companies...then...of what I understand, the stock/ticker (shell) was eventually FINRA cancelled and the CEO then merged what was left of the company with some of his other private companies and took the conglomeration public again - I do not know much more, I think the later company went defunct, ultimately, too...I stopped following the whole thing a few years back.
Like I said, this wouldn't be exact, but could be similar, in the end....
I mean, let's face it, the only "real" asset AMNL has is the mine and it is not worth even close to $48M...it would seem to make a lot of sense, since the company is so upside-down, to just "throw the keys in the mailbox" and start over - only wrinkle is assuring the mine, ultimately, goes where they want it to - I am not privy to the information I would need to know exactly how to go about "moving" the mine to Ionic outside of the BK, but it is possible to do.
Like I said, just speculation, but if Ionic got the mine and can independently license the tech, AND be free of the huge AMNL debt going forward, AND all of AMNL's current employees can work for Ionic, why wouldn't that path make more sense than AMNL continuing to carry close to $50M in debt on its back???
Again, total speculation, and this would suppose Mr. Z is not a competitor, and he and Chris have a plan in place for this scenario to unfold. To answer your question, yeah, common stock would be wiped out in that scenario. Hopefully, for current shareholders, Chris has something better up his sleeve....
And all that may be compete conspiratorial BS, and I'd be the first to admit it is just speculation, but we have all seen some crazy stuff unfold on the OTC. I mean just having Mr. Z pop back up with a new company doing the exact battery stuff AMNL is pursuing, all while claiming to have the largest mine in the US, is very odd enough indeed...
Yes, I agree the debt is the $60,000…errr… $48,000,000 question - but I don’t know so much about this one anymore - starting to get a bad feeling about it…I mean it is so much more about what they are doing rather than what they are saying: still issuing shares, holding the annual in 2023 (late), and as you say - making it very difficult for shareholders to have their questions addressed…
I can’t help but think Mr.Z is somehow involved here - just sayin’, and total speculation- but wouldn’t it be interesting if Applied diluted the stock till they can’t anymore, sold the mine to Ionic, claimed bankruptcy, and simply moved the work under Ionic and went to work for Mr.Z?
Ionic would have the mine, the tech and a clean balance sheet and everyone over at Applied would be bought out or working for Mr.Z - it would make Ionic’s statements about having the largest mine make sense at the very least…Mr.Z could then reverse merge or otherwise launch public and start the whole shabang again…
It is only an idea because I have been a shareholder in a company where something similar actually happened- again total speculation on that happening here, but something is totally up with this company.
6.5M new shares issued - ??
O/S: ~410M
When we started this year we were well below 300M - just for some context.
14A out - looks like in-person meeting end of January - Q&A, but seems like you have to be at meeting to ask questions - I believe last in-person was in NY, this one in Utah.
Good to hear, I hope so - maybe after the holidays?
If this company ever goes terminal the final court documents will have “We expect to provide an update soon…” written all over them. LOL