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Thought I would cruise through and check back in here. So, Bill Wright is gone, yet this ticker is still nothing but a vehicle through which frequent, well-orchestrated pump and run/dumps are carried out.
All current shareholders as of 11/21/2023 are eligible to vote per the latest release. But I do not believe that would happen for a number of reasons, not the least of which is the new GXII shareholders do not have anywhere near enough shares to have any significant affect on the voting results or the meeting. The GXII shareholders do not even have 10% of the outstanding shares. And, IMO that kind of upheaval would be the absolute worst thing that could happen and would likely have a negative impact on the Stellantis deals and EXIM transaction right at the time they are both coming together.
Great post Hannibal. Spot on and totally factual. History will not be kind to the APES.
#YaCan'tFixStupid
Don't get what? I believe I know as much about this project and investment as most here, and that the independent office(s) within the BDO Alliance which were responsible for the late filings pulled out knowing they would not be retained, but had to stick around long enough to complete the Q1 financials and report.
Neither. BDO pulled out after missing 2 deadlines, knowing they would not be staying, but had to complete the Q1 financials and report. Don't know what all the consternation is about. Doesn't change anything with regard to this gem of a project and long-term investment. I remain patient, long and strong.
When that e-mail shareholder update came through a while ago, I knew there would be some comments. But had to post it. Some who bitched about it being on December 29th during the week between Christmas and New Years will now bitch about it being resheduled..
Everyone who bitched about the AGM being on December 29th should be very happy now:
All of the DD was previously posted here. In a bankruptcy, once the shares are cancelled the shares no longer exist and shorts do not ever have to cover. End of story.
Bingo! APES and Meme Stock Clowns who stupidly invoked the HODL strategy with AMC and then AMC/APE shares over the past 2.5 years are so angry that they just lash out and try to find someone else to blame instead of looking in the mirror and being honest about the situation. Hence, anyone who posts factually and objectively here is labeled as a short or a F'n Hedgie, or one of those "criminal MM's/HF's." Of course, there is no evidence whatsoever that any crimes have been committed with regard to the unsurprising and totally expected hard fall in AMC's share price over that period. SMFH
LOL! Yea right! I assume you have factored in heavy tax loss selling in AMC shares between now and December 31. We are right in the heart of tax loss selling season and AMC has to be one of the biggest prime targets for that strategy. There are bound to be a lot of smart investors who are taking their lumps and selling their AMC holdings at steep losses right now, planning to wait the requisite 30 days and then buy back in at dramatically lower share prices than we have here today before January 1 comes and tax loss selling season ends, after which tickers hit with heavy tax loss selling typically tend to bounce back.
P.S. The only ones who are F'd here are those who religiously played the HODL game here with AMC and AMC/APE shares over the past 2.5 years. SMFH
But remember tulla that everyone on IHUB has PM and all other rights during Happy Hour each Friday for one hour after the close.
You mean new 3-Year lows and new All-Time lows. Until the last few months, the 3-year low for AMC was around $22 on a post-RS basis or a little over $2 on a pre-RS basis.
BP, you are probably remembering my running post on NB's After-Tax Net Present Value, which I updated frequently. It used to be stickied, and the After-Tax NPV after the last updated BFS was, I believe, in the $8.67 - $9.00 per share range prior to the RS. I had that updated post stickied but took it down when the EXIM developments came along and stickied that.
Probably Directors, Auditing firm (CPA firm), etc.. Don't know if there will any shareholder authorizations, e.g. to increase authorized shares. I believe after the RS we should have plenty of room there if Stellantis carries through on wanting to also make an equity investment along with formalizing its Off-Take Agreement.
Sheeeesh! No one is pushing down AMC's share price. AMC's share price has steadily fallen since the recent Quarterly report came out. Even with record revenue AMC still reported an adjusted (loss) on a comparative quarterly basis when one-time special and non-recurring items were excluded/adjusted. It was a disappointment to the investment community given the record revenue. The outlook for AMC shares will not improve until it dramatically reduces its debt load, which is requiring huge cash outlays each month just to service the interest on the debt.
Putz: As in the past we will all receive the proxy statement and voting materials. I have always preferred the hard copy of everything even though my wife hates all the thick packets laying around the house each spring while I work through them (BRK and JPM are the best annual reports). TD Ameritrade converted me to electronic with stocks I hold in that account, including NioCorp. The Proxy statement and materials are not out yet, since they require the naming of the new CPA firm. That is why everything is delayed, as the materials have to go out a certain number of days prior to the meeting, thus the meeting being held on December 29th. I expect we will learn something on the CPA firm and receive the materials in the next week-10 days.
Bingo! NB does have a very low and favorable share structure.
Hazel: Take a look at the 1, 3 and 5 year charts for OLB and you will see where this has traded, which seems to be a strong indication that the shares are seriously undervalued right now.
LOL! The significant short squeeze here with AMC occurred and ran its course in mid-2021 nearly 2.5 years ago and there will not be another one. The children and grandchildren of what few APES there are left will be crowing about the looming MOASS for decades going forward. History will not be kind to the APES and the meme stock craze.
LMAO! Chanos' fund did not go bankrupt. It is merely returning remaining funds to investors and winding up after previously returning literally $Billions to investors previously over the years as pointed out in a number of reports on the development. Of course, all of it has absolutely nothing to do with AMC, which is now trading at new 3-year lows today.
MM: Although it may not technically be "reserves," NioCorp does have extensive proven "resource(s)" in the Elk Creek Super Alloys Project. Just a matter of terminology.
LMAO! Those 2 plaintiffs filed the action "Pro Se" meaning they are not represented by legal counsel. Hope they carefully reviewed and understand Fed. R. Civ. P. 11 before affixing their signatures on the Complaint. Perhaps each of the 2 plaintiffs are attorneys and seasoned litigators, but either way it invokes the long-standing rule that "He who is his own lawyer has a fool for a client."
P.S. There are no "findings of fact." It is an initial Civil Complaint containing mere allegations at this point. Findings of Fact are only found in final Orders or Decisions from a court.
Hmmmmmmm....... What company are you describing? Certainly not AMC with its mountain of debt under which it is being crushed. Amazing financial statements? And, AMC is certainly not profitable and is predicted to report losses for several quarters going forward. AMC just reported a quarter with record revenue, but it still reported an official adjusted significant (loss) when special one time and non-recurring items were excluded. Most of the record revenue was sopped up in debt service payments on the huge monthly interest on its massive debt. Until AMC reduces its debt substantially, it will continue to struggle.
Wrong Board?
Rader, why have you not e-mailed the company for more information yourself? Just wondering, but I will see if I can learn any additional information.
I did. And, if you actually believe this company and ticker is a POS, you obviously have not conducted any legitimate due diligence here. SMFH
Rader, Why would I try to reach out to the company and share any legitimate factual DD with the current Board at this point? All that did recently was get me falsely accused of having my head up the asses of management so far that I somehow know what they eat for lunch and breakfast. As I shared with the Board, it is my understanding that it was a TV news crew over from a Business News TV station in Japan much like CNBC or Fox Business news. IMO, the next news items will be naming the new CPA firm, which must be done before the AGM notices and proxy have to go out the requisite number of days prior to the meeting, news on the Stellantis offtake and hopefully more, and the EXIM loan transaction, in that order.
I am contemplating the potential benefits of spending any more time here on this Board for the time being, given the unfortunate deterioration in the discussion. Until more expected news, there really isn't much to discuss.
Duke: When I first became aware of this company and the project the trading range was .12 - .18
Incorrect Duke. I did not overpay for NIOBF shares, and am very comfortable with our very significant investment here long term. I could care less what the share price is today. We are invested for what NB shares will be worth once the mine is fully constructed and up and running in full production. Don't know where you got the idea I overpaid, and am amused by the fact you had the time t ogo back and dig up a 3+ year old post on our very most expensive shares, which are significantly above our current average cost basis SMFH
For the record, Master. I am not now, nor have I ever, been short AMC. But agree with you that those who have shorted AMC have done very well.
Cute. I did send 1 inquiry in to the company's general e-mail last week regarding the update to the EXIM website regarding NB's now "pending" transaction, and another this week to inquire about the timing of the AGM. And, received useful information and DD back both times. If that upsets you then so be it. Based on your post, I should probably let the management team know they no longer need to have regularly scheduled colonoscopies. How fitting since this Board has now turned into a flaming shit show. Thank goodness that the childish deterioration in the substantive content here on the Board will have no negative impact on NioCorp or the project.
$7.05 is the 52-week and 2-year low for AMC so dropping into the $6's would be significant.
The market seems to like the report and numbers, despite my concern over the 55% increase in revenue not being fully reflected in the bottom line.
True, but still appears to be a very promising transaction for our gem of an investment here.
CDH: As I replied to Putz, I understood him to be indicating that Jim Sims is on the Board of Directors of IBC, which is not the case, and assumed he may have mixed up the name since Mark Smith is on the Board of IBC. Sorry for the confusion.
Sheeeeeeesh! Pointing out that he is not on the Board of Directors of IBC, which is a fact, constitutes worshiping someone? If you want to know what someone had for breakfast that is your business and you can go find out yourself. I believe his e-mail is public information. SMFH
Bingo! None of the exchanges here have any negative effect on what NioCorp and its management are doing to move the EXIM loan transaction forward, or the formalization of the LOI for the Stellantis Off-Take or anyithng else. It is a discussion forum for the exchange of information and ideas. Most importantly, the Bullshit with the Pomerantz law firm will have no negative impact on NB or the Elk Creek Super Alloys Project. ........ZERO..........ZILCH..........NADA!
Agree on the revenue, but so disappointing that the 55% increase in revenue did not meaningfully decrease the losses and improve the bottom line.
Great points Stark. These kinds of releases come out from law firms all the time. It does not mean there is any actual formal investigation. There is an entire cottage industry of these firms and they utilize Bots to search and find stock tickers that have dropped in value, and then look for events that shareholders may be upset about. Any firm can claim they are investigating on behalf of shareholders, but that doesn't mean anyone has actually retained the firm, etc. They then solicit shareholders to contact them to see if they can get anyone to retain them (which is very expensive) and agree to be a/the named plaintiff to put their name on the Complaint verifying enough facts to avoid sanctions under Rule 11 of the Federal Rules of Civil Procedure. Of course, someone has to pay the upfront costs to file and related coasts. Even if the firm is formally retained at some point and undertakes representation on a contingency basis, it cannot front costs for the plaintiff(s), so someone had to pay lots of $$$$$$ for depositions, expert witnesses, document production, etc.. So someone has to determine they have a strong enough claim to avoid sanctions and the firm has to believe they have a strong enough claim that has both a factual and legal basis that they can certify to the court the veracity of the claim under Rule 11. Dozens of these notices come out from these firms daily and 99.9% of them NEVER turn into anything. Bottom Line: There is no active formal investigation into NioCorp for "securities fraud" at this time.
Putz: I took it that you were claiming that Jim Sims was on the Board of Directors of IBC, which does not appear to be the case.