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new website up: https://www.usantimony.com/
Court Docket: #0650
Document Name: Notice of Agenda of Matters Scheduled for Hearing on May 24, 2023 at 10:30 a.m. (ET) [HEARING RESCHEDULED. Hearing Originally Scheduled for 5/24/2023 at 10:30 AM has been rescheduled. Hearing scheduled for 6/21/2023 at 09:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware.] (Filed by Liquidating Trust)
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.
"
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
i'm usually happy on bk plays when i breakeven lol; so yes, very appreciative of what they accomplished here!
really hoping they drop us another interim distribution in lieu of receiving the $6.7mil
"
2. Effective Date. This Assignment shall become effective on the date (the “Effective
Date”) all of the following conditions have been satisfied: (a) all of the Settling Parties have
executed this Assignment; and (b) either (i) at least $7.5 million in insurance proceeds have been
paid out from those Policies listed under “Tower 3 (E&O)” in Schedule II or (ii) the Medley D&Os
have executed a release of the insurance companies that issued the Policies listed under “Tower 3
(E&O)” in Schedule II in connection with those insurance companies’ funding some or all of a
settlement of the Pre-April 30 Claims.
3. Expiration Date. If the Effective Date does not occur prior to July 1, 2023, this
Assignment becomes null and void, and neither this Assignment nor evidence of its terms shall be
admissible for any purpose in any action or proceeding.7
"
speaking of: "counsel for the Liquidating Trust and the Settling Insiders have collectively
spent more than 1000 hours working on and negotiating the Settlement Agreements’ various terms"
"Here, on the other hand, Exhibit C includes an
assignment mechanism that would allow the Liquidating Trust to initiate litigation against the
Allianz Tower in the coming weeks. "
Tuesday, March 21, 2023 1063 motion Withdraw As Attorney (Motion) Tue 03/21 11:37 AM
Motion to Withdraw as Attorney for Gregory St. Angelo Filed by John M. Landis on behalf of Gregory St. Angelo (Landis, John)
i view this as possibly the opposite; maybe something 'new' being put there.. we'll see
hmm, as of today when i go to the website i'm seeing this:
"
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"
thank you sir!
aside from the new players here, insider buying and share buyback, today's pr leaves the door open for grants/contracts imo
maybe time to put this one back on radar 'and' it appears to be at a good entry point?
https://www.nasdaq.com/press-release/u.s.-antimony-uamy-announces-approval-received-from-dod-for-third-final-antimony
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-
‘I think’
weren't we expecting ~$2mil 'just' from business winddown? Prior to any liquidating trustee 'extra' actions?
$1.70-$3.50??? $2mil biz completion. $1-$2mil lawyer withhold/clawback? Then today’s settlement low side vs high side.
????
vpagano, thank you for posting!
1061 order Exparte Relief from Stay (Order) Tue 02/14 4:40 PM
Order Granting Exparte Motion For Relief From Stay of Proceedings Concerning the Reorganized Debtor's Objections to St. Angelo's Proof of Claim Nos. 54, 56 & 57. IT IS FURTHER ORDERED that movant shall serve this order on the required parties who will not receive notice through the ECF System pursuant to the FRBP and the LBRs and file a certificate of service to that effect within three (3) days. Related [+] Signed on February 14, 2023. (Nunnery, J.)
new documents posted on 1/19 re: 2:17-cv-03586 fyi...
Antimony? UAMY has a new BOD member who is buying in the open market:
https://www.form4oracle.com/client/company/united-states-antimony-corp-uamy/company-transactions?id=6419
-Antimony pricing is high
-US needs antimony (munitions and other uses) as it's majority comes from overseas
-UAMY is involved with supplying antimony to Ambri (www.ambri.com)
-very old company although hasn't really gotten much traction except for a few spikes
-Only processor in the US (i believe from my initial dd)
-Has decent cash on hand from raises they did during the last spike
-New BOD member has an impressive history:
https://www.sec.gov/ix?doc=/Archives/edgar/data/101538/000165495422015958/uamy_8k.htm
"
November 27, 2022. US Antimony is pleased to announce the addition of Gary C. Evans to its board of directors. Gary C. Evans has extensive experience in the public and private financial business sectors as well as entrepreneurial expertise in start-up enterprises to multi-billion dollar corporations. Additionally, Gary C. Evans has a history of successful dealings with investor relations and financial institutions. This set of attributes makes Mr. Evans a great and muchneeded addition to our board of directors. Gary C. Evans presently serves as Chairman of the Board and Chief Executive Officer of Generation Hemp, Inc. (“GENH”), a publicly held, energy transition hemp company that currently trades on the OTCQB with an approximate $50 Million market capitalization. GENH has diversified through various acquisitions in the hemp industry, predominantly within the midstream sector. Mr. Evans previously led Magnum Hunter Resources Corporation for seven years, a NYSE listed multibillion dollar public energy company specializing in unconventional resource plays predominately in the Appalachian Basin and the Eagle Ford. These corporate assets are now part of Southwestern Energy Co. (NYSE: SWN) Mr. Evans was also founder and CEO of Eureka Hunter Holdings, LLC, a mid-stream gas gathering company transporting and managing up to 1 BCF of daily natural gas volumes from wells producing in West Virginia and Ohio on approximately 200 miles of newly constructed pipeline during the similar seven-year period. Additionally, Mr. Evans previously founded and served as the Chairman and Chief Executive Officer of Magnum Hunter Resources Inc. (MHRI), a NYSE listed company, for twenty years before selling MHRI to Cimarex Energy for approximately $2.2 billion in June 2005. These assets are now part of Coterra Energy, Inc. (NYSE: CTRA). Throughout his career, Mr. Evans has raised various forms of capital on Wall Street that has exceeded $7 Billion. Mr. Evans has previously served for 24 years as a Director of Novavax Inc., a NASDAQ listed (“NVAX”) clinical-stage vaccine biotechnology company (Covid-19 Vaccine) which reached a market capitalization in excess of $15 Billion during the pandemic, where he previously also served as Chairman, CEO and Lead Director. Mr. Evans was recognized by Ernst and Young as the Southwest Area 2004 Entrepreneur of the Year for the Energy Sector and was subsequently inducted into the World Hall of Fame for Ernst & Young Entrepreneurs. Mr. Evans was also recognized as the Energy Industry Leader of the year in 2013 and chosen by Finance Monthly in 2013 as one of the most respected CEO's. Mr. Evans was chosen as the Best CEO in the "Large Company" category by Texas Top Producers in 2013. He additionally won the Deal Maker of the Year Award in 2013 by Finance Monthly. Mr. Evans serves on the Board of the Maguire Energy Institute at Southern Methodist University and now speaks on the current affairs of the hemp industry at hemp industry conferences, on radio networks, and podcasts. Mr. Evans commented, “I am very pleased to accept this nomination to the Board of Directors of US Antimony. We have been having these discussions regarding a board position for several months now and the time is right for all parties. Having started and run four separate publicly traded companies over the past 35 years, predominantly in the energy sector, three of which were on the NYSE and became multibillion enterprise value entities, I hope to be able to add some value to a company I deem is currently trading significantly below its intrinsic value. The common goal of our board and management team is to figure out ways to bridge this value gap for the ultimate benefit of all our shareholders, both new and old.”
"
Latest update as of 11/15 in the NY State court: https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=qkoGiXqAUKjcHkEzV9OQ8A==
..Also interesting that (assuming I'm not misinterpreting anything) Strategic Capital Advisory Services, LLC as of the Claims Register on 10/3/22 had a claim amount of $7,700,000 whereas in the Claims Register filed today it's listed as $3,137,944
So were we able to negotiate the number down and/or invalidate some of the claim -OR- did they get a payment in the amount of $4,562,056 (I find this highly unlikely??)
time will tell...........
Thorne Research newly submitted claim (?) for ~$230k; other than that glad to see the majority of the other claims EXPUNGED & W/D:
https://www.kccllc.net/medley/document/2110526230105000000000001
new director is extremely encouraging (and he is buying): https://www.sec.gov/ix?doc=/Archives/edgar/data/101538/000165495422015958/uamy_8k.htm
same answer as last time... see post 484
is this finally going to catch up to it's peers(?)
senior creditors? liabilities?
i believe that statement is 'just' referring to the company's investments...
Do some of you remember when a lot of companies were issuing large, one-time dividends? I don't recall if it was during our last downturn but I believe so(?)
Wondering if that will start becoming a trend again and if so, which companies would be highly likely to do so...
TIA!
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.