Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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.
ha.. we wish....
from the 8k, "The “ Conversion Price ” is 65% of the lowest daily VWAP price (as reported by Bloomberg, LP) for the ten (10) consecutive trading days immediately preceding the date of determination.
"
wonder what happens if they 'cannot' get the votes due to shares having changed hands and using that old record date..
not sure how this plays out 'if' that were the case(?)
at some point, do they (are they able to) just bump the record date to current date(?)
They keep adjourning bc they can’t get the votes; soliciting and hoping but not getting them.
from 6/12 8k, interesting little note(?)-> "The Merger Agreement further provides that upon the termination of the Merger Agreement under certain circumstances, the Company shall pay, or cause to be paid, to Parent a termination fee equal to $1,500,000 and to reimburse the expenses of Parent up to $1,000,000"
due to 15c2-11; i have notified a few related parties as to the issue fwiw. as of yesterday, i believe it was 1.15 x 4.50 if i recall correctly
inflation and war should both bode well for pm's you'd expect(?).. watching HL and GORO
hope you're doing well and g/l!
yes, HUGE thank you for the efforts of the Committee!
i think my assumption is correct(?) class 4 'was' supposed to get ~2% but it seems they were paid ~8% b/c class 3 was awarded $10mil by sec 'for class 3 alone'
???
this seems very odd to me-
"PLEASE TAKE FURTHER NOTICE that on August 29, 2022, the Liquidating
Trustee authorized a distribution of 7.967% to holders of allowed Class 4 General Unsecured
Claims that have not yet received a distribution"
i have to look back at some filings/docs but off the cuff it seems to me that class 4 got paid out at a higher percentage b/c the class 3 received the sec-obtained $10mil(??)
i sure hope i'm wrong....................... need to re-DD....
don't see anything of importance in here:
misc Chapter 11 Post-Confirmation Report Tue 08/23 3:39 PM
Chapter 11 Post-Confirmation Report for the Quarter Ending: 06/30/2022 Filed by First NBC Bank Holding Company (Parsons, Barbara)
assuming our new, forward-looking payment date is mid-November'ish(?)
"
G. The penalties ordered in Subsections A through C above shall be offset, in the
order set forth in Subsection H below, by the amount of any cash payments made by any of the
Respondents, as described in Subsection E, that are subsequently distributed to bondholders and
documented as set forth in Subsection F within 180 days of entry of this Order. Payment of
attorneys’ fees or any other costs of administering the distribution to bondholders in the
Bankruptcy Case, as well as any costs incurred by the notes indenture trustee in connection with
the Bankruptcy Case, shall not be deemed payment to bondholders of Medley LLC for purposes
of the civil penalty offsets set forth in this Subsection and in Subsection H below.
H. Upon the earlier of 180 days from the date of entry of this Order, or the receipt by
the Commission’s counsel of evidence documenting amounts paid by Respondents and
distributed to bondholders in the Bankruptcy Case in accordance with Subsections E and F
above, the Commission’s counsel shall calculate the amount by which each Respondent’s
penalty may be offset. Such offsets shall be applied in the following manner: 1) the first $4
million shall be credited toward the penalty to be paid by MDLY, set forth in paragraph A.3
above, regardless of which Respondent paid such amount; 2) any amounts greater than $4
million shall be credited two thirds toward the penalty to be paid by Respondent B. Taube, set
forth in paragraph B.3 above, and one third toward the penalty to be paid by Respondent S.
Taube, set forth in paragraph C.3 above.
I. If, upon calculation of the offsets as set forth in Subsection H above, any
Respondent’s civil penalty amount is not offset in full by the payments made and distributed to
bondholders in the Bankruptcy Case, the Commission’s counsel shall notify the Respondent(s) of
the amount(s) not offset. Any Respondent who receives such a notice shall, within 14 days of
receiving the notice, remit to the Commission the outstanding balance of such Respondent’s civil
penalty.
"
timeline possibly reset due to 'other' negotiated monies(?)
"
D. If, at any time up to and including the date 90 days after entry of this Order, one
or more Respondent(s) execute written settlement agreement(s) with the Liquidating Trustee in the Bankruptcy Case providing for such Respondent(s) to make payments for further distribution to bondholders, each such Respondent shall provide a copy of such agreement (each, a “Settlement Agreement”) to the Commission’s counsel in this action. If no such settlement is executed by any Respondent within 90 days from entry of this Order, then each Respondent’s
civil penalty shall become due and shall be paid to the Commission within 14 days of the expiration of such 90-day period.
"
ot:
https://www.fticonsulting.com/about/newsroom/press-releases/fti-consulting-receives-recognitions-global-ma-network-14th-annual-turnaround-atlas-awards
"
Liquidation Award - Chapter 11 Liquidation of the Year
Winner: Medley LLC
-FTI Consulting recognized as advisor to the debtor
"
https://brileyfin.com/blog/b.riley-earns-multiple-turnaround-atlas-awards-in-recognition-of-best-value-creating
"
LIQUIDATION of the YEAR: Medley LLC
B. Riley Securities acted as investment banker to the debtor in its Chapter 11 liquidation, led by Managing Director Adam Rosen.
"
from the EBS earnings call transcript:
"
Unidentified Analyst
This is Nick on for Boris. So I just have a quick question about Chimerix and TEMBEXA. So previously, the -- right pretty much right after you guys announced this acquisition of TEMBEXA, they said that the BARDA contract was likely to take place within the next couple of weeks or months, and now it's pushed back. And I just wanted to know if you guys had any reasoning behind this or any information as to why it's been pushed back, especially with monkeypox and now being declared a public health emergency, you kind of think that it may be pushed forward, but it seems to be just pushed back a little bit more.
Bob Kramer
Yes. Thanks, Nick, for the question. Thanks for joining the call. So a couple of comments. As I commented on my prepared remarks, the HSR process and the waiting period for this expired last Friday. So now that, I think, gives BARDA and Chimerix kind of the green light to finalize the BARDA procurement agreement, which then gives us the clear path to closing the transaction and moving forward.
I wouldn't read anything into the perhaps perceived delay in getting the contract awarded. Obviously, BARDA is looking at this very carefully and they are aware that our interest in acquiring the product from Chimerix. So I think, again, there's momentum to get this done, and we're anxious to get done as well
"
my hope is that the BARDA negotiation is to 'upsize' the original contract that was discussed(?)
Would have been easier had I just been able to locate the o/s figures for 2024 & 2026 but I spent enough time looking to where I just decided to shortcut it this way.
Tau.bes' 90 day period for the $10mil almost up? If I'm understanding correctly (quick and dirty):
10,000,000 / ((53,600,000+69,000,000) / ((25.25+24.45)/2)) = ~$2.02
interesting if we get BARDA announcement this week; per last extension due 'soon'
thank you EI!
Cmrx and Siga Monday(?). They sold off hard on what looks like a leak on the vote BUT then this happened:
https://www.zerohedge.com/medical/cases-top-16000-including-kids-who-declares-monkeypox-global-emergency
is cash position not typically disclosed on the interim reports generally speaking?
well the 400 share bidwhacker is down to 200 shares now .....
I guess I was mistaken in thinking that we'd 'at a minimum' see inbound cashflow money from the business wind-down (if not also some payment from the Taubes) in here:
Post-Confirmation Report for Medley LLC for the Quarter Ending June 30, 2022 (Filed by Liquidating Trust)
thanks EI; kind of what i figured but wasn't sure..
like this one and surprised that it's just sitting here around $2; potential for multibagger imo
g/l
will there be a court filing and/or sec filing and/or a pr when the Taubes make payments towards that $10mil i wonder(?)
Unaffiliated public ownership: 230,365
appears so; could be a low-float rocket with the right news and/or momentum behind it(?)
Everything you’ve stated would be a lot of effort for nothing if we’ve already seen the plan
Time will tell
guessing this entity merges with Aristotle???
so we quickly spent the money from Harold's share purchase on Hambrecht's Aristotle shares
what's next?
last friday 8k, doubled our holdings in Aristotle? "On May 9, 2022 the Ironstone Properties Board of Directors approved the purchase of 5,037 common shares of Aristotle, LLC, a privately held company at $19.853 per share from the personal holdings of Ironstone Properties Chairman of the Board of Directors William Mayer for a total of $100,000. William Mayer and CEO William Hambrecht abstained from voting. This transaction was executed on June 16, 2022. The sales price was determined using a company value of Aristotle at $150 million."
Nice job and excellent timing EI
wow; lake lots for around $2k... sign me up! https://sauk.granicus.com/MetaViewer.php?view_id=2&event_id=21975&meta_id=103155
Posts 457 and 459; appears Aristotle, LLC has or had partnership ownership in Aristotle, Inc(?)
https://www.fbcoverup.com/docs/library/Pelosi_Nancy_HOUSE_278-financial-disclosure-2012-submitted-May-15-2013.pdf
Either way, puzzling that they're still adding miniscule holdings into here imo. Would assume (as most here have for years) that they'll have to do a capital raise or merge to grow behind this entity with a few random, small holdings....
maybe you are correct; google search seems to allude to Aristotle, LLC owning properties(?) ... 'and' being in court a lot LOL