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The number of APES still hanging onto the red Kool-Aid, Fairy Tales and bogus conspiracy theories here with AMC and its sister meme stock GME after nearly 3 years of the meme stock nonsense has dwindled considerably to a very few. Most bailed out long ago before AMC returned to its more normalized fair value and trading range.
Bingo! There are a whole host of these types of law firms, which regularly solicit plaintiffs and regularly post notices just like this about a whole host of publicly traded companies, including leading publicly traded companies in the Fortune 500. Nothing ever comes of 99.9999% of these solicitations. The self-aggrandizing touting about their firm on their website is nothing more than biased puffery. This was all covered here on the Board after the Pomerantz firm put out its first notice and solicitation regarding NB months ago.
LOL! To whom are you referring as "he"?
LMFAO! Per HYMC's latest filed 10-Q's HYMC is not operating a mine. It ceased all mining operations in November of 2021, prior to AMC's ill-fated $28 Million investment, and has never resumed any mining operations. Per the same latest 10Q's, HYMC confirmed that it has not sold any gold or silver in 2023, and that is has in fact had no revenue whatsoever in 2023.........ZERO......ZILCH.......NADA!
Adam Aaron and AMC were totally taken and fleeced by the HyTurd (HYMC) defunct mining company scam, and AMC has already lost 84% of its ill-fated $28 Million investment as of today, and it will likely head even lower after HYMC's Reverse Split (RS) which took full effect overnight on the open today. AMC's original cost basis was $1.198 per share, which now equates with $11.98, and with the shares trading below $2 post-1-for-10 RS, HYMC will be in danger of another NASDAQ delisting notice. SMFH
Not concerned over that stage of the process my friend, given all of the air, water and environmental hurdles NioCorp has already cleared, and with all requisite state and other permits issued.
The bankruptcy is essentially concluded as a complete dissolution, other than the applications for attorneys' fees. The Final Plan put forth by all parties, including all creditors, was approved by the court, and all BBBYQ shares were cancelled and extinguished on September 29, 2023.
Overstock bought all BBBYQ assets of any value out of the Bankruptcy proceeding, including the Bed Bath & Beyond name and all intellectual property, and Overstock changed its name and ticker symbol to Beyond (BTON) and it is marketing products under the Bed Bath & Beyond name now. The Buy Buy Baby Assets and name/intellectual property were bought by Dream on Me, and it is selling under the Buy Buy Baby brand. What used to be Bed Bath & Beyond no longer exists, and its shares were cancelled and extinguished as of 9/29/2023 per the court order.
Thanks Chico, and thanks for including the DOD appropriations material. There is also the specific reference in the House Committee report on the same initiatives to our project and mine. We just have to ignore the frequent and incessant ignorant chatter from some.
Yep! Reverse Split (RS) taking affect right now with shares likely valued at $1.76 this evening prior to the open tomorrow, and 10% of what the outstanding shares were today. Expect HyTurd (HYMC) to drop further tomorrow when it starts trading on a post-RS adjusted basis. The buffer between share price and dropping below the NASDAQ minimum closing Bid price again is not much.
LMFAO! There is an entire cottage industry of such law firms that constantly put out frivolous and baseless releases like that regarding a ton of publicly traded companies and nothing ever comes of it. That was all addressed here when the first one came out. Not concerned in the slightest. But nice try.
NB didn't have to. BDO obviously knew after being late on the last 2 quarterly filings that they were in jeopardy and made the move to effectively resign by notifying NB of its decision. SMFH
LOL! That's it! Trot out statements from nearly 2 years ago before Adam Aaron and AMC realized how badly they had been taken and fleeced by the HyTurd (HYMC) defunct mining company scam! Adam Aaron and AMC have lost 85% of AMC's investment as of today, and it appears headed even lower after this evening's Reverse Split (RS) SMFH
Bingo! Of course the firms in the BDO Alliance were not up to the task or able to "up the ante." The last 2 late Q's since the merger were strong evidence of that. At this time NioCorp needs a much larger CPA firm rather than one or more smaller independent firms within the BDO alliance. As clearly evidenced by the link III_John posted late yesterday, BDO is not a large CPA firm, but rather an Alliance of hundreds of smaller independent CPA firms which each operate independently under their own names. Our family CPA is with a local firm which is part of the BDO Alliance, but you don't ever see BDO referenced anywhere, except on its website.
Correct NE. It has to do with getting everything in place with the new firm and the requirement to get the AGM meeting notice and proxy materials out sufficiently ahead of time, which pushed the meeting back.
Of course, BDO would not be re-elected after 2 late quarterly reports. They chose wisely by opting out
Not true. BDO is not an actual firm but is just an alliance of numerous smaller independent firms that operate independently under their own names (several affiliated smaller CPA firms in the Denver/Boulder area) that was/were not up to the job here. After 2 late reports they stepped aside. Get with the facts and the game here shajander! This was all covered here many, many weeks ago.
Operationally profitable? Are you looking just at EBITDA? The reported per share figure, including one-time special and non-recurring items was .08, but the official adjusted (loss) per share was (.09) for the 3d quarter in the grid that was posted here and in the actual report. Either way an improvement and a beat on the adjusted (loss) which is what the consensus estimates were based on.
I assume by "record probably" you are referring to revenue and not the bottom line. The bottom line is not likely to improve much, if at all, until the debt load is dramatically reduced.
LMFAO! Now you are putting Warren Buffett's picture up on the HyTurd board? SMFH
Oh, and by the way, Happy HyTurd (HYMC) Reverse Split (RS) Eve!
Turns out neither of those were the reason for the date of the AGM. I e-mailed the company earlier today regarding the date for the AGM, and the response is set out below:
Bingo! Not just a childish post, but totally delusional.
Hmmmmm.......I could not agree more, but last week you were calling posters who criticized the HODL mantra clowns and full of you know what. 😉
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173200529
LMFAO! You are now quoting from attorneys' fee applications for approval of attorneys' fees for work performed many months ago earlier in the year when the Chapter 11 proceeding was actually in process before the assets were auctioned off and the Final Plan and cancellation of shares were approved by the Court? SMFH
#YaCan'tFixStupid!
NioCorp Annual General Meeting Set for December 29, 2023
CENTENNIAL, Colo. (November 13, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) (TSX:NB) will hold its 2023 Annual General Meeting (“AGM”) on Friday, December 29, 2023 starting at 10:00 AM Mountain time. The meeting will be held at 7000 S. Yosemite Street, Lower Level Conference Room, Centennial, Colorado, 80112.
Shareholders of record as of November 21, 2023, are able to vote their shares on the proposals to be considered at the AGM either by proxy in advance of the meeting or at the meeting. Proxy or voting instructions must be received in each case no later than 10:00 a.m., Mountain time, on December 27, 2023, or no later than 48 hours before the AGM is reconvened following any adjournment or postponement. The Notice of Meeting, Management Information and Proxy Circular and form of proxy relating to the AGM and the Company’s 2022 Annual Report will be made public no later than December 8, 2023.
# # #
Just received a shareholder e-mail update from the company.
Mark Smith was also among the 31 others who like or commented on the Linkedin post.
LMFAO! No one has stolen your life savings. Now, if you foolishly invested your life savings in a grossly overvalued, debt-burdened and struggling company like AMC, that is your own fault and constitutes squandering your life savings. AMC has now finally returned to a more reasonable valuation after its share price was grossly inflated for no good reason over the better part of the past 2 1/2 years, and now APES and Meme Stock Clowns are whining over their own ignorant self-inflicted losses. SMFH
Putz: All I know is that when I first called, he said he would have to call me back because they were in the middle of meeting with a Japanese TV crew. When he called back he said they were doing a story on Niocorp and the project, and that there are a number of interested investors in Japan. Most of our conversation related to the new post on the EXIM website as I posted on Wednesday.
Putz: I actually understood it to be a Japanese TV business news team doing the story for TV.
All great points NCT.
No evident direct connection to our project or resource. Hard to say what the meeting next week in San. Fran. is all about or who might be in attendance.
Hey, my friend. I don't so much care what the share price is today, but rather what it will be when the project is fully funded, and the mine is built and up and running in full production.
Shorting isn't a factor with AMC right now. Short interest has dropped dramatically of late to the point where it would only take a day or less to cover all outstanding short positions. The share price dropped because of the earnings report followed by the news of the new sale of 350 million shares. The official adjusted per share (loss) for the quarter for AMC, when one-time special and non-recurring items were excluded was (.09) in spite of the record revenue.
What is truly interesting is how few of AMC's shareholders voted in the recent Proxy and elections. Per the 8-K only slightly more than half of all outstanding shares participated, and only approx. 20% of AMC outstanding shares participated in the non-binding advisory vote on executive compensation.
Fair point. The debt is a huge drag on the financials. I do not fault Adam Aaron for everything, however, as he worked tirelessly to shepherd AMC through COVID and some very difficult times and kept the company afloat. And, it is not his fault that the APES opposed the issuance of more common shares back in mid-2021 when AMC could have wiped out much, if not all., of its debt selling new common shares in the $45 - $50+ range, which equates with $450 - $500+ post-RS today. It was totally stupid for the APES to so strongly oppose that move which would have left the company in a much stronger position and AMC would not be where it is today if the new common shares would have been approved back in mid-2021.
The one huge mistake AA made was the ill-fated $28 Million investment in the defunct mining company Hycroft Mining (HYMC) at $1.198 per share. With HYMC trading in the .18 range today, with a Reverse Split coming on Tuesday of next week, AMC is now -85% on its ill-fated HYMC investment. HYMC has not reported any revenue whatsoever in 2023 and confirms that all mining operations remain shut down.
Bingo! Meanwhile, HyTurd's (HYMC) share price continues to plummet, and is -17% today alone. Pretty soon HyTurd won't be able to qualify for continued listing on the NASDAQ even with the scheduled 1-for-10 Reverse Split (RS). Diane better up it to 1-for-25 as originally projected.
That is total Bullshit. What is the factual basis for your claim that Adam Aaron has somehow stolen your money? How has AA "gotten your money"? Anyone who bought AMC shares at grossly inflated and overvalued levels had to know it was a huge gamble. And, the money you forked out to buy AMC shares never went to the company or AA, but rather went to whoever sold you the shares on the open market. The fact that you or anyone else seriously overpaid for AMC shares that were hugely overvalued for the last 2 1/2 years is on the purchaser, i.e. yourself. And, those who believed the bogus conspiracy theories and urban myths of another looming second short squeeze or MOASS that simply was not ever going to happen weren't very intelligent. SMFH
Just remember Al that Adam Aaron tried very hard to avoid this mess back in mid-2021 when AMC shares were grossly inflated up in the $45-$50+ range, which now equates with $450 - $500+ post-RS, and AA asked the shareholders, which by then included a ton of APES, for authorization to issues more common shares in order to raise a ton of capital and pay down or off the debt at a time when relatively little dilution would have been required due to the grossly inflated share prices. But, the APES went nuts, fought AA on it, and loudly opposed it launching a huge campaign to defeat it. Had the shareholders approved the authorization for more common shares back then when AMC shares were selling for 55-60 times what AMC shares are selling for today, AMC would not be in this precarious position fighting for survival. There would have been no need for the workaround via the issuance of the APE preferred share dividend, or the merger of the APE shares into AMC common or the recent RS, and AMC would not be crumbling under the mountain of debt under which it is being crushed today. All of the points above were pointed out back then and the APES still stupidly opposed the plan and killed the deal believing there was going to be another huge short squeeze or MOASS that was never going to occur a second time back then, and still isn't ever going to occur with AMC again now 2 1/2 years later.
The plot thickens. Does anyone else think it quite ironic that 6 days prior to the meeting between the US and Japan in San. Fran. next week, a Japanese TV business news crew was down outside of Elk Creek with our 3 top executives at our Mine site with a film crew doing a story on our project? Just a coincidence? Probably just a coincidence.......😎
Hmmmmmmmm.......is right Putz. But the funny thing is we would not even know about the Japanese connection had I not checked the EXIM site yesterday and called Jim when he and the others were at the site with the Japanese TV Business news crew.
Just more sour grapes out of you Peter. Ever since you were passed over for the CEO position you have been angry and have carried out a vindictive vendetta against NioCorp, trashing the company at every turn. Your agenda and vindictive posts are meaningless here.
Yikes! HyTurd (HYMC) is still going with the 1-for-10 Reverse Split, which will likely leave the shares trading below $2 next week, with the danger of falling below the $1 threshold to maintain NASDAQ listing eligibility starting the process all over again.
Master: I believe you need to re-assess your post quoted below. The earnings figure you used was for just one quarter, and it was the non-adjusted figure which included one-time special and non-recurring items, which is not what is utilized as the official figure, or for purposes of computing PE ratios. The actual adjusted (loss) for AMC for Q3 was (.09). Any official PE ratio would need to utilize the figure for the trailing 12 months, but even if you used that .08 as a benchmark and projected it out for a full year going forward that would be .32, and 20 times earnings based on that figure would yield a share price of $6.40. Understand your point but just trying to point out the discrepancies.