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i believe so.. found an old sec filing with hambrecht on it listing that as the website:
https://www.sec.gov/Archives/edgar/data/1114361/000092962400000710/0000929624-00-000710.txt
?
so what the heck does this small arms-length transaction mean? assumed they were getting ready for a big reverse-merger style transaction and we get this....
confused-
8k, "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 CEO and Board of Directors member William Hambrecht for a total of $100,000. Chairman of the Board William Mayer and William Hambrecht abstained from voting. This transaction was executed on June 9, 2022. The sales price was determined using a company value of Aristotle at $150 million."
so many super impressive people involved here; director: https://www.blackrockbkcc.com/board-member/william-mayer
Yes, I follow Harold on linkedin; always wondered why he only had 500 shares
G/L!
where we going?????????
8k excerpt: "On May 9, 2022 the Ironstone Properties Board of Directors approved the sale of 121,212 original issue common stock shares to Harold Bradley, member of the Board of Directors, at $1.65 per share for a total of $200,000. Harold Bradley abstained from voting. This transaction was executed on June 6, 2022. The sales price was determined using the closing price on the date the Board of Directors resolution was approved."
after Hambrecht's conversion (double-check my math):
William R. Hambrecht 1,357,052 52.28%
.
.
.
.
.
Total Shares Issued and Outstanding
2,595,743 100.0 %
from 3/31/2022 10k:
As of March 25, 2022, 2,191,689 shares of Common Stock, $0.01 par value, were outstanding.
William R. Hambrecht 952,998 43.5 %
Michael Huyghue 250,000 11.4 %
Shea Ventures 187,296 8.5 %
Elizabeth Hambrecht 157,143 7.2 %
William Mayer 142,857 6.5 %
Thomas Thurston 140,714 6.4 %
Edmund H. Shea, Jr (deceased and related entities) 113,173 5.2 %
George Hambrecht 17,143 *
Harold Bradley 500 *
All executive officers, directors and over 5% owners as a group
1,961,324 89.5 %
Unaffiliated public ownership
230,365 10.5 %
Total Shares Issued and Outstanding
2,191,689 100.0 %
almost game time? "On May 9, 2022 the Ironstone Properties Board of Directors approved the conversion of debt held by William R. Hambrecht, CEO to Ironstone Properties, Inc. common stock. William R. Hambrecht abstained from voting. This transaction was executed on May 27, 2022 where a total of $824,269 in loans and accrued interest were converted to 404,054 common shares at a price of $2.04 per share. The conversion price was determined by using the trailing 90 day average stock price."
thanks for the reply; yes, i'm aware of that and have read most all of it on pacer..
'if' i'm reading it correctly, the new market credits aren't a new item or just recently obtained though BUT are legacy credits(?)
i thought when reading the ihub post(s) that there was new financing and/or funding mentioned 'recently'
?????
thanks! honestly, i haven't been able to find it and gave up as i wasted too much time on it
pacer is easy... the NY state system not so much (unless i'm just doing something wrong)
have a great day!
I thought the Taubes presented this $10mil 'solution' to the SEC(?) Am I correct in that they're on the hook for it BUT trying to recoup some monies to help offset?
The $4mil Medley 'owes' bondholders, where does that come from? Judging from the percentages applied towards the total $10mil owed, it almost seems like in the end the Taubes will technically be on the hook for the full $10mil? Or am I misinterpreting that part?
thanks!
"NOTICE OF WITHDRAWAL OF CLAIM NUMBER 11
FILED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION
The U.S. Securities and Exchange Commission hereby withdraws proof of claim
number 11, filed in the above-captioned case as a general unsecured claim in an unliquidated
amount, and hereby authorizes Kelley Drye & Warren LLP and Potter Anderson & Corroon
LLP, attorneys for the Medley LLC Liquidating Trust, to file this notice with the Bankruptcy
Court to effect the withdrawal of claim number 11.
Dated: May 11, 2022 "
looks like they recently updated their website: https://www.angiogenex.com/
thanks!
confused if this is our team hunting down monies OR if this is the Taubes trying to hold their law firm's feet to the fire
https://www.wsj.com/articles/medley-management-sues-law-firm-lowenstein-over-bankruptcy-work-11651526333
"
Medley Management Sues Law Firm Lowenstein Over Bankruptcy Work
Investment business alleges that longtime attorneys committed malpractice and professional negligence
By Becky Yerak
May 2, 2022 5:18 pm ET
PRINT
TEXT
Medley Management Inc. is accusing law firm Lowenstein Sandler LLP of malpractice and professional negligence, alleging the investment business was poorly served when a subsidiary filed for bankruptcy and its longtime attorneys became “intoxicated” by fees.
Lowenstein had been representing Medley Management in corporate and securities matters for years, and said the law firm could also counsel subsidiary Medley LLC on its 2021 bankruptcy, according to a complaint filed Friday in New York state court. Medley Management said...
"
another reference to it:
https://www.law360.com/articles/1488527/asset-manager-says-lowenstein-advice-led-to-sec-scrutiny
I'm having trouble finding this on pacer so not sure???
HL for pm play(?) earnings next week too..
or MELI?? earnings tonight in addition to sector-relation
also have MSTR BKNG MELI puts for earnings this week
thanks Ed! big question is can she dump 30% tomorrow ;)
ABNB picking up some steam to the downside ahead of earnings...
ABNB puts(?)
Thank you sir; appreciate it!
And what might these ‘civil’ penalties mean regarding D&O’s…
Wonder if this is purely paid to bond holders or spread across all the bk claimants? Paid soon at when bk closes? And we still don’t know the amount of the sec’s claim (?)
Sure hope so!
Thanks for posting
qcom 130p
see the huge sell in fb at 1pm?
level 2 looking like 'maybe' 140's possible?? we'll see EDIT tons of 160 bids just appeared
oich, what is the date or docket number for this as i'm having trouble finding it? thanks!
yep; not good at all and on their call now and not hearing much of anything except wait till end of year for more data(?)
'and' they need to raise funds 'somehow'
and there you have it...........
1) HUGE results that are going to make us billionaires OR 2) they really really need to raise money
please be 1...............
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