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GORO spinoff will happen on December 31, 2020. Fortitude Gold Corp will be then an independent company. Share allocation is 1 FGC share for every 3.5 GORO shares. Filed with SEC on December 15, 2020.
At the time of the Spin-Off, GRC will distribute all of our outstanding shares of common stock held by it (21,211,260 shares) on a pro rata basis to the holders of GRC's common stock. 5:00 p.m., Mountain Time, December 28, 2020, will be the record date (the “Record Date”) and 5:00 p.m., Mountain Time, December 31, 2020, is expected to be the distribution date (the “Distribution Date”) for the Spin-Off. Each 3.5 shares of GRC's common stock held by a GRC shareholder on the record date will entitle the shareholder to one share of our common stock. The distribution of our shares will be made in book-entry form by Computershare Trust Company, GRC's Transfer Agent. Fractional shares of common stock will be distributed in connection with the Spin-Off except for shareholders who hold stock in "street name" at Depository Trust Company (since Depository Trust Company does not accept fractional shares). As of the date of this prospectus, approximately 200 shareholders hold their shares at Depository Trust Company and will receive cash in lieu of fractional shares. GRC expects to pay these shareholders $1.75 for each fractional share they would otherwise own, or approximately $350 in total. Immediately after the distribution, we will be an independent public company.
m1999
You are JUST A PUMPER!!!!!!
NO REAL FACTS.....Just a guess>>>>>
May I ask what is "Pretty Darn Valuable" in numerical terms?
The market price minus $0.18.....
Thanks Koolmc.....The site now reflects the true business of ASNB.....
Hey Traderfan……..
As moderator please delete all the old ASNB manufacturing stuff!!!!
It is a non op shell....
Thank you
All
ARYC is not de-registered! The order is clear:
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange
Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on April 14, 2020, through 11:59 p.m. EDT on April 27, 2020.
By the Commission.
Vanessa A. Countryman Secretary
The SEC has to either reinstate trading or delist/suspend indefinitely. They have 14 days to accomplish this matter. It is now in Mark's court. EOM
To All,
Would one of our board site managers please delete all ASNB information. This company is no longer in business.
Thank you.
ALL
Fins Tomorrow! I really doubt it! Maybe in May but not now. Just Keep the faith.
Cork,
You may have not seen the news but Nevada is now shut down for the remainder of the WAR!
The good news is the leach piles are still under the influence of gravity. I am sure the company has a few people at the mine for security and one of those might be there to monitor recovery assets. As long as the recovery solution is moving through the piles of ore, the amount of gold in the solution will grow and thus will be recovered early in the restart.
This applies in both countries. Keep the faith.....
Breaking News
MEXICO HAS ORDERED A 30 DAY SUSPENSION OF OPERATIONS THAT INCLUDES GOLD MINING OPERATIONS. GORO WORK FORCE IS BEING LAIDOFF. THERE GOES THE SECOND QUARTER. LOOK FOR HUGH HIT TOMORROW AT THE OPEN.
You are a real jerk!
Please Note:
Arrayit is a blood test. The FDA said this about blood tests:
We recognize that serology tests are less complex than molecular tests and are solely used to identify antibodies, which limits their effectiveness for diagnosis; however, as stated in the updated guidance, the FDA does not intend to object to the distribution and use of serology tests to identify antibodies to SARS-CoV-2 where the test has been validated, notification is provided to the FDA, and warning statements are included with the tests, for example, noting the test has not been reviewed by the FDA and results from antibody testing should not be used as the sole basis to diagnose or exclude SARS-CoV-2 infection or to inform infection status.
Becoming a "Little worried" about Mikie and the company board. Did they get the big check" the end of January and then headed for Argentina?
The 10Q is a month late and no word from anyone. Checked on this "Ekimas" name and found it was registered in Delaware. It was registered right before ASNB was established. May be Mikie is selling his 3 million+ shares.
e Number:
4446327 Incorporation Date / Formation Date:
10/25/2007
(mm/dd/yyyy)
Entity Name:
EKIMAS CORPORATION
Entity Kind:
Corporation Entity Type:
General
Residency:
Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE ST
City: WILMINGTON County: New Castle
State: DE Postal Code: 19801
Phone: 302-658-7581
File Number:
4542716 Incorporation Date / Formation Date:
5/5/2008
(mm/dd/yyyy)
Entity Name:
ADVANSOURCE BIOMATERIALS CORPORATION
Entity Kind:
Corporation Entity Type:
General
Residency:
Domestic State: DELAWARE
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE ST
City: WILMINGTON County: New Castle
State: DE Postal Code: 19801
GORO2020,
I doubt a domestic travel ban! 9/11/2001 was a true domestic travel ban that lasted for months. I know because I was in the rental car business.
Once we have a few hundred thousand test results, the plan will be to isolate the old people like me and the rest of the world will move on.
As for international trade, 9/11 changed the way we do business forever. Face to face is no longer considered mandatory. After 9/11 we began the electronic age of business and it reins supreme today.
Business travel for years has declined. Only when glad handing before signing a big deal is travel in order.
So the markets will flip up and down as the computers desire. Disconnect the computer generated trades and the market would level off.
PSA
Hit the link and did not see Arrayit! Why the reference to the article?
ALL,
You know it would have been nice if we were a fully reporting company like ROCHE...….They are going to make BILLIONS on their test and equipment. We must still wait for fins and the FDA to approve our stuff.
Mark telling us "we have a test" is just BS unless we are a member in good standing of the stock market community. If the lawsuits are the reason why we cannot report, "Hang the lawyers". They have cost us millions. All they are is a bunch of "Land Sharks".
Years of waiting is taking its toll!
All,
Anybody keeping a watch on the gold/silver price ratio?
As of 2254 EST, the ratio is at 98.177. If it hits 100 it should signal a massive silver buying binge. Usual ration is around 85 to 88. Gold is heading up and silver will need to move a lot more to restore the ratio.
ou71764,
I agree with your issue on taking additional calls. They seem to have their "favorite" shills that always praise management. I will also sell some of my position. However, I do not want to miss that "thumb like" high yield vein. Greedy I know!!!!
GORO
The 10K on shows the 4th quarter was a wash. Only $173,000 net for the quarter. Really a disappointing quarter and year for GORO. The Nevada operation is really not producing well compared to expenses. Gold recovery rate of 1.09 g/t. Even the boys on "Gold Rush" would not process this stuff. Of the 6 million tons moved in 2019, 4.5 million was waste. Much of the rest was at the 0.49 g/t level and placed into inventory (reason why inventory was $7 million on balance sheet). They said today on the conference call they are getting into better material. We shall see.
GORO2020
Love this headline: coronavirus may drag Germany into recession
Serve that commie East German B---- right. She is responsible for all the problems we are having with the EU. She thinks she is the boss of Europe! The UK showed her who is the boss and once the UK makes a great trade deal with us, many more will jump out of this BS partnership. Look for a big fall in the Euro against the dollar and pound in 2021.
GORO2020
From what I have read and what I have seen in the market place, Gold at $2000 by year's end is possible but not probable. The world's NATIONAL Bankers would flood the market with gold from reserves if they believe gold prices would create a crisis.
As for the "recommended GDX ETF", that is a poor play. They hold over 61% of the fund in large gold mining companies that have massive debt issues.
Here is the latest 10 largest holdings and respective performance: Newmont sold a lot of mines for cash, Barrick has done consolidation and Franco-Nevada is coming off a very poor year. There growth in 2020 is going to be questioned.
Company/last year performance/fund holdings
Newmont Corp
+6.26%
12.36%
* Barrick Gold Corp
+12.96%
11.02%
* Franco-Nevada Corp
+13.55%
7.17%
* Newcrest Mining Ltd
-9.83%
5.15%
* Agnico Eagle Mines Ltd
-19.43%
4.96%
* Wheaton Precious Metals Corp
+8.17%
4.95%
* Anglogold Ashanti Ltd ADR
-6.27%
4.14%
* Kirkland Lake Gold Ltd
-15.07%
4.07%
Royal Gold Inc
-13.49%
3.70%
* Kinross Gold Corp
+17.51%
3.11%
GORO2020,
Buddy, how can you support this SHILL "Bluemound Asset Management and Kirk Spano"?
He charges " big fees" for poor advice and then asks people to believe in what he predicts. That makes his clients double losers.
Please, no more words of "his" wisdom!
All
The NT 10Q was filed by ASNB on February 14th. It states the December quarter results will be filed before or by the end of 5 calendar days. That would make it due February 20th.
Hope it will include discussions on the asset sale, charges against the $7.25 million paid, the amount of dollars to be held in the "shell" company, the timing of the cash dividend, and the renaming of ASNB to EIKMAS.
You can always hope!!!!
Siar
I think you said in a prior post your are not a United States Citizen.
Knowing how our wonderful government works, two weeks is just 2 minutes to them. Look for a name change by the end of February at best.
I still think the name change to "EKIMAS" is a done deal with the Turkey company. What we get out of it should be monies for the tax credits, the operational losses, and clean, up to date SEC records. We paid for these long ago.
Now what they are worth is up for discussion. I have seen reverse takeovers go for a very good price to those who already hold the reverse stock.
But first things first.... SHOW ME THE MONEY!
GORO2020,
A word of caution about the "silver article".
Please remember the highest silver price ever was created by the Hunt brothers and their wayward idea they could "control" the silver market. The result was a rapid rise of silver to $50+ an ounce and caused many individuals to sell their silver coins to 'fly by night mints" who melted the coins into 500 ounce bars or larger. We all know the rest of the Hunt story.
However, because U.S. coins are only part silver (91%), a lot of these bars were sold to the public under very suspicious circumstances. The result was great distrust by the public for any future silver bullion purchases.
I believe that distrust continues to this day.
Stock
You say "appears" but is there a financial relationship between ARYC and PAS or is PAS using ARYC technology without any agreement with ARYC.
The ARYC stuff is patented; correct? Therefore, did PAS "steal" the technology and formed its own "test" or are the "tests" being done at ARYC's LAB?
Never
Goro2020
Your text rings very true. What is disturbing is the reference about HK in relation to Iceland of the 2008-2010 time frame. Iceland as a government went bankrupt and is still enduring the effects of that event today.
Will be an interesting 2019 earning telephone call by the CEO of GORO. What is the plan for Nevada in 2020 and beyond? $75 million of financing sitting on the shelf. Got to be a good reason for spending the time and money to set that up.
Tech
PEDIATRIC
ALLERGY
SOLUTIONS
Who is, what is the above company? No record on Edgar. Not found on OTC.
But uses a device similar to ARYC.
Would you please explain?
Thanks
Never
SIAR
I would expect the 8K on Monday, January 27th. Given the exercise of options in December, I believe management had the votes to pass.
What will happen now is a transfer of purchased assets, close out of remaining ASNB debt, the consolidation of monies, and the corporate name change to EKIMAS Corporation.
The old ASNB board will declare a cash dividend, not good for those holding the stock outside a tax protected accounts, and begin the process of selling the old ASNB corporate documents along with tax credits and operating losses to the EKIMAS Corporation that resides in Turkey. The old ASNB stockholders will get an unknown number of new EKIMAS shares at an UNKNOWN price traded on the OTCBB. The only action required is an 8K to the SEC. Here is that reference:
In the United States, if the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company. However, a comprehensive disclosure document containing audited financial statements and significant legal disclosures is required by the Securities and Exchange Commission for reporting issuers. The disclosure is filed on Form 8-K and is filed immediately upon completion of the reverse merger transaction.
So what is the final payoff for old ASNB shares? I suggested in the past the total payoff could be has high a $1.25 given the level of existing tax credits and operating losses. However, information on EKIMAS is very limited and why they would want a reverse merger is not clear. They are an "after market manufacture" of parts in the defense industry and others. They have a WEB site with a Istanbul address and telephone number.
Now we wait. Have a great weekend. Enjoy the IMPEACHMENT SHOW!!!!
ALL
Here is my PREDICTION for year end 2019 GORO earning based on their press release.
Total Revenue $172,550,197
Revenue per share $2.65
Earning per share $0.16
Cash Dividend per year $0.08 per share effective April 2020
Let us see who comes close to the actuals. Cut off time for submissions: 4 PM EST February 1, 2020.
I used 65 million shares outstanding as a bases to allow for shares issued in fourth quarter 2019.
Good Luck!!!!!
Richard2,
Yes but this plant does not have a customer to buy the stuff. And the plant is still three months away from completion. This is a "Climate Change Hype" article in a very liberal state.
I would rather not have debt service payments without a signed customer. Why PPG in Oregon delayed its switch plan in 2017 is quite obvious. Trump got elected and natural gas supplies from fracking took off.
I still believe there is a place for BMSPF in the future. But Germany has moved "whole hog" for natural gas from Russia. And Europe will follow. My dilemma is "The only place for Biofuels now is Japan." The rest of Asia could care less about "Climate Change".
The big question is how long will the Port in Louisiana wait. And the state has $140 million committed that could surely be used elsewhere. This is the game of "chicken" we are now playing.
Mid February 2020 will be the tale of the tape. Either it is a go or more searching the universe looking for that right star.
GORO2020,
You are "on the money" with that statement. A while back in 2019 they hit a major silver vein that was "meters" wide and "meters" high. I am not sure how long it was but it was promising and with the price of silver around $18 per ounce, the cash from silver adds up fast. And more cash on hand means higher dividends and higher dividends means more stock for us. Even at age 72, I am a "big fan" of DRIPs.
GORO2000
I agree the incorporation documents and state laws makes a hostile takeover of GORO very unlikely.
However, I do not feel GORO is at the top of the list of M&A prospects. It is my opinion GORO wants to become a mid tier gold producer (around 500,000 ounces per year) and then use M&A to grow the company.
The $75 million off the shelf stock sale has been established for future mine expansion in Nevada. The company really hurt themselves by financing most of the latest Mexico and Nevada projects using cash flow. Where we consider it a cost saving exercise (no debt or interest), the market saw it as a weakness that affected our cash on hand and our dividend payout policy.
The company has now seen the light and will finance future mine development using new capital. This in turn will create more private long term stockholders. With over 40% of the currently issued stock in institutional hands, there are not enough private long term investors to stop these wild 15-20 cent daily swings caused by day traders and short sellers. More daily volume created by a larger private long term investors base will decrease the "day trader/short seller environment."
Just my opinion
TO ALL
Turn off the lights, the party is over! Elvis has left the building!
AND TO ALL A GOOD NIGHT!!!!!!!!
Snick!
I looked at the last year of BMSPF Sedar filings. If the trend holds true, the next BMSPF filing on SEDAR will be on Wednesday, February 12, 2020. Until that date, let us all take a vacation from stating any opinion on this company.
Goro2020,
All I see is the same arguments I have seen in the past 3 years. EU market is slipping, the middle east is headed for flames, and china is on the brink of collapse.
My take is closer in for the USA. Brexit is now going to happen and with it a major change for the UK. They will need to reach out to the USA for trade and I think Trump will be willing to make a deal but the deal will not be some "sweetheart deal" as in our past. February 1 is the start date and I feel it will move quickly. Pray a big bus is heading for Pelosi.
Along with Brexit will be "Mister China". Nobody else in the world can help China recover but the USA. And Trump still has tariffs in place (although at a lesser rate). January 15th will tell what is going to happened in Asia. If phase one goes off well and Xi and Trump get together soon after, the US economy will have enough spark for the rest of 2020.
Both of these near term events need to go our way. If they don't the stock and bonds markets will bail and the lack of money for small/medium business will send the economy into a tail spin. By they way a $14,000 per ounce for gold by 2026 is really funny. LOL
Just my opinion
Never
As of today,
ASNB will hold it stockholders meeting on January 21 at 9 AM in Boston, MA.
There is currently 28.5 million shares able to vote. Management holds about 12 million shares.
If approved, ASNB will change to EKIMAS holding on to its tax credits and operating losses. Operating losses are $26.4 million covering years 2022 to 2034. Investment and research credits are $138K.
State operating losses of $5.9 million and Investment/research credits of $244 K covering years 2034-2039
This makes the shell company worth millions to a larger company with large profits going forward. How much they would pay is the question. But with over $7 million in the bank, the EKIMAS stock (28.5 million shares) could be worth $0.75 to $1.25 per share in 2020.
The shell buying company could use the $7 million in the bank to off set a buyout share price and still make millions from the tax off sets in following years. It all depends on the discount rate used in the deal.
The President is 62 and the Chairman of the Board is 77. The president owns over 3 million shares.
Sources: Edgar filing dated 12/30/2019 and 10K filed November 2019
Always Red
GORO is a good growing company in my opinion. It's start of paying extremely high cash dividends in 2010 was not the best approach to grow the company because of its impact on cash flows. When the price of gold fell, company had to greatly reduce cash dividends because of reduced cash flow thus causing "great market displeasure" with the stock.
Now company has taken a "slow dividend growth approach" which should work to the stock's advantage in the future as they produce more gold and open more mines.
So, we might never see a $30 price again or a $6.00 per year dividend but the stock should remain viable over a very long time if the price of gold stays above $1000 per ounce. Be happy with its slow growth. NO debt and open producing mines. Better than the big boys with monster debt on the books!
Just my opinion.
Happy New Year!
Stockbuster
When I see a person use ABSOLUTES (Everywhere) I know what they are saying is a SCAM!!!!!
Have a So So New year!