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maybe(?) something in the works here(?) imo, would make sense with the CRE situation and housing at a peak(?)... time will tell-
sounds like even 'if' any monies were recovered that they'd flow to the FDIC(?) -> https://www.fox8live.com/2023/09/06/first-nbc-founder-ashton-ryan-sentenced-14-years-federal-prison-bank-fraud/
curious as to Ryan's net worth(?) https://www.wdsu.com/article/ashton-ryan-sentenced-to14-years-in-jail-must-surrender-by-on-november-6th/45023826
"
Ryan could be forced to pay back hundreds of millions of dollars in restitution. A judge said that matter will be decided at a later date.
Eddie Castaing, Ryan's attorney, said he plans to appeal.
"
they settled? https://www.kccllc.net/medley/document/2110526230927000000000002
"
Status: The Liquidating Trust and Eversheds Sutherland (US) LLP have reached a
settlement regarding this matter. Accordingly, a hearing on this matter is no
longer necessary
"
seems like we have a very strong argument here imo: https://www.kccllc.net/medley/document/2110526230918000000000001
Tuesday, September 05, 2023
1070 misc Chapter 11 Post-Confirmation Report Tue 09/05 12:51 PM
Chapter 11 Post-Confirmation Report for the Quarter Ending: 06/30/2023 Filed by First NBC Bank Holding Company (Parsons, Barbara)
Nothing new or special in there IMO.................
Uamy Presentation out today: https://www.usantimony.com/company-presentation-uamy
UAMY, suggest reviewing all of the recent mgmt/bod changes and pr as of late; investor presentation tomorrow:
https://finance.yahoo.com/news/u-antimony-announces-webcast-company-133500745.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEh2q5SxCnkudnTGOh4Eq8Ev_YR_Lv-HJXld8H1gNHdJJkLHSNAX_AAZUYR9wZ2f32GHnsPFz1XbQkHVBtjdz9YsrsD2ZKGbmnRXHrKrku9BaxOYSU9k79KXuzzs51oQjPXaVRtEtkyiX-i3WKuOOm1ePMH6-0vwmIL2dgcGj4a-
looks like they lost(?) or abandoned the ironstone domain? .....now up for sale
she has turned up nicely now that the late filing drama has been put to bed and that new mgmt is coming to finally realize the potential here
either ambri 'or' govt contract would be huge here and imo, 'both' can happen
call replay available for next week i believe; my jotted down notes (please verify what i think i heard lol)
Notes:
------
Gary Evans ('lead' director)
10k
11mil rev up 43%
9mil cost
~2mil gross profit
1.6mil op expenses
429k net inc
19.4mil working capital
antimony 2023 price/lb down
trying to increase zeolite sales and prices... streamline ops at BRZ
hiring new divisional mgr
up 56% lbs sold anti sales
up 21% tonnage sold zeolite
within 30 days of q1 end q1 filed....... q2 30 days after that
10k late: unexperienced acct staff... 2022 #'s had to be redone... no numbers had to be changed... clean auditor opinion
historically weak on internal controls... high priority working on sarbanes oxley
new website recently brought online
buyback: $203k bought 419k avg price $0.48 can't buy again until q1/q2 filed
hired new fulltime cfo this week... starting 2-3 weeks.. strong background cost accounting
exec search for new CEO ongoing..
a lot more changes coming.....
1 objective, improve operations to increase share price
claim their story hasn't been pitched properly to the govt....
think they're in a unique position being a US producer to meet some military demands...
goal to better educate govt entities to their capabilities/opportunity
visit from Montana mining (something)
Joe attending conference House natural resources committee .. phoenix... critical minerals.. friday...
antimony 'is' on US critical minerals list
what about Ambri?
frequent contact with senior mgmt at ambri.. so far sole supplier of antimony.. have a confidentiality agreement with them... all they can say is they're very close.. speak frequently with them
cognizant of the fact institutions aren't looking at them
aware of ir/pr..
award from a gov agency would be a newsworthy event.. in a perfect seat to do that
wadley surveying.. material thusfar? bought fair amount of ore from them.. grade is not as high as years past.. maybe miners aren't cleaning the ore... added a gravity table at the smelter
sorts out the antimony ... Mgmt / owners are wadley owe documentation so uamy can finish dd... hasn't been supplied... last meeting 3 weeks ago... agreement has been extended
trying to bring it to a head.... has been a heated discussion with the BOD... not living in a complacency zone
mining in montana? slim to nil skinny veins cost ineffective
reason in Mexico... cost of labor...etc...
trisulfides? 2 new furnaces installed yet? every 100 pours they have to change our a crucible... they're rotating furnaces to eliminate downtime..
enough feedstock to produce as much as the market is demanding? have enough at this point using recycled material from US company... resmelt it again....
no antimony trisulfide shipped into US since 2020
were behind last year... currently have a surplus
had 18 tons of concentrates from guadalupe; currently making into trisulfides now
have 11-12 tons of that left.. virgin material
target for eps or share price next? haven't typically put out projections... hard for a small company... share price is based on delivering... if they deliver it will take care of itself
US-based company in this business... 'option value' ... further support from govt and/or govt agencies
zeolite capacity? can it be scaled? company efforts product differentiation?
BRZ has capacity to product a lot more product...
changes were made.. BOD approved capital..... changes could support 3-4x what it is today
crushing to spec is the key item; why they're looking for an expert outside the company
plans to explore new markets? have to 1st be able to meet demand from current markets/customers.. and then expand upon that... see the opportunity
probably time to monitor this one imo; mgmt/BOD shakeup... investor call here shortly:
https://www.sec.gov/Archives/edgar/data/101538/000165495423009287/uamy_ex991.htm
THOMPSON FALLS, MT / ACCESSWIRE / July 18, 2023 / United States Antimony Corporation ("USAC"), (NYSE American: UAMY) announces a Company Update / Investor Call for the 18th of July at 2:00 PM Mountain Time (4:00 PM Eastern).
Dial In Information:
Toll free: (888) 506-0062 International: (973) 528-0011
Access code: 160138
Remote Replay available for 7 days:
Toll free: (877) 481-4010
International: (919) 882-2331
Confirmation code /Replay Passcode: 48742
Speakers:
John (Gus) Gustavsen, Chairman & CEO
Gary C. Evans, Lead Director
Joe Bardswich, P.E., Director
I did notice Shivan added this to his linkedin profile within the last month or so (it was previously not listed fwiw):
ChairmanChairman
Golden Mountain Financial Corp. · Full-timeGolden Mountain Financial Corp. · Full-time
May 2006 - Present · 17 yrs 3 mosMay 2006 - Present · 17 yrs 3 mos
Denver, CODenver, CO
GMFC is a diversified holding company.
i wonder if they moved everything to chinese stock market? A LOT of similarities from url (hntx) to general website subsections..etc...etc.. maybe... maybe not.... i always hope they'd file again and/or merge..etc...
http://en.hntxcd.cn/about2.html
"NOTICE OF AGENDA OF MATTERS SCHEDULED
FOR HEARING ON JUNE 21, 2023 AT 9:00 A.M. (ET)
THIS HEARING HAS BEEN ADJOURNED TO AUGUST 15, 2023
AT 9:30 A.M. (ET) WITH PERMISSION FROM THE COURT.
"
they are late on filings; waiting for those to hit-
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!