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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.
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.