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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
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???