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Too bad that’s not the way it works. You can only use up to $3,000 per year for tax loss purposes (you don’t get a check for $11,200). The rest is carried forward and you can use $3,000 in 2019, $3,000 in 2020, etc., but it has to be part of itemized deductions.
Does me no good in a Roth IRA. To take any kind of tax loss, I'd have to liquidate my entire Roth in 2022 if the warrants expire worthless.
My Fidelity account says they're worth 0.065 cents. Living large, Baby!
That's something the Supreme Court should be considering. Hopefully Brian Tuttle is pointing this out—clear and convincing evidence that ANV was never really bankrupt but just pretending so they could steal all our shares in the company.
Supreme Court and warrants like watching paint dry. We may eventually get somewhere with one or the other but life is passing us by as we wait. I’ve been able to scrape a bunch of money together and put it into another miner—Royal Nickel (RNKLF). It was up 100% today and I made over $10,000. Not telling anyone here to chase but there are other opportunities out there. Waiting on Hycroft until October 2022 ain’t one of them.
What, what, what? Do we have a decision from the Supreme Court?
The really stupid ones are 149, 66, 2. But only stupid on the surface. It’s usually traders signaling each other.
We don't owe Hycroft anything. They owe us. For me it's going to be a cashless exercise...or the Supreme Court reversing the bankruptcy.
Just picked up more of the real thing (Mexican Libertads). No way Buffington gets his greedy little hands on those.
Anyone got knowledge when this goes to the Supreme Court?
Thankfully I'm sitting on 10,000+ ounces of Ag (much of it bought at around $9 an ounce). Yeah, I took a beating with ANV but if silver ever goes back to $50, that's $500,000—far, far away from the greedy hands of some mining CEO and the hedge funds.
So the conversion of warrants to shares is the "buy"? Then I guess I'm "buying." From the little I know about warrants, there are two options: a cash exercise and a cashless exercise. I'm only interested in the latter.
I’m not “buying” anything associated with Buffington and his hedge fund partners in crime. I lost my entire Roth IRA here. The only thing I’m looking for now is a cashless exercise of my 10,000+ warrants. How do I break even / make a profit without adding another nickel?
"you'd lose time value and possibly subject yourself to a short term taxable event."
Not entirely taxable. $66,287.82 out of my $73,348.89 was in a Roth IRA.
A spike in the gold price helps there. If it's heading toward $2,000 they'll want to go public a.s.a.p. and not wait three years.
Okay, so let us cut to the chase. I've got 10,084 warrants. How much of my $73,348.89 will I be getting back?
My DD is not giving Hycroft another nickel.
On 29 March 2018 Post #6157 you said that—"The case will go to the US Supreme Court." Now you're saying that Hycroft will go public in Q4 and they're just waiting for all these lawsuits to go away. Which is it? If the case goes to the U.S. Supreme Court that's another THREE YEARS before anything happens.
Yeah, if something doesn’t happen by late-2021 then we’re done. People will be dumping all their warrants just to salvage something before they expire. And why no word yet from Tuttle/Darga on the latest Court ruling? Two more suicides?
But those with only warrants still have no rights to financial information.
http://www.alliednevada.com/hmc-shareholders-sign-up/
Maybe it's time to buy one share of Hycroft.
It's Number 26 that is the most disturbing. #26: The Hycroft Warrants are considerably "out-of-the-money" and are unlikely to become "in-the-money" based on the current value of Hycroft Shares and current prospects for the Filer. The Hycroft Warrants have no rights to financial information under the Stockholders' Agreement.
Stockholders' Agreement? I never agreed to that.
Thankfully not everything I had was in ANV. Yeah, my Roth IRA was wiped out but that was only 25% of my net worth, not including real estate. The rest was (and still is) in physical metals. Like they say—"If you don't hold it, you don't own it."
Hycroft may do well in the coming years and we might get our money back. But again, it's paper. My fear is that once Hycroft goes public then something else will go wrong. They pull the plug on the internet. The electrical grid goes down. The stock market crashes and doesn't re-open for years. The dollar goes poof. The banks go on an extended holiday. Okay, you've got all these warrants and on paper you're a millionaire. How do you get your money out?
While all of those things seem remote, at one time so did an ANV bankruptcy / robbery (kind of like the "bail in" in Cyprus). That being said, any extra cash you have should be going into physical metals, land, etc., that you can stand in front of and defend with an assault rifle.
Call options with Randy Buffington involved? No thanks! Put options on Hycroft might be the way to go—especially if you already have ANV warrants.
Hycroft would have to be $100 a share. I really don’t see that happening. I’d be happy with $10 a share. Even $7.50 gets me a small profit if it means that my 10,000 warrants are worth $75,000.
I’ll call my broker and do the same. Another thing I’ll ask is how I can do a cashless exercise of my warrants once Hycroft goes public. I’ve started putting money into my Roth IRA again but really don’t want to give Buffington another nickel.
I’d feel much more confident if the thieves like Randy Buffington weren’t involved. Like maybe in prison or six feet under where they couldn’t do any more damage.
When I was loading up to 100,000 shares I was expecting the price to go back up into the $40s. I'd have made over $4 Million. I think everyone piling in when it was cheap was trying for that. In this case greed might not have been good.
In December 2013 I first bought in with $50,000. It spiked up and by early 2014 I suddenly had $90,000 ($40K in profits). I should've gotten out then after almost doubling my money. But who knew?
I've got just over 10,000 warrants. That means I ended up with 10%, not 17.5% (as we were lead to believe).
I hope the warrants are worth more than $7.30 before October 2022. The cost basis for my 100,000 shares is .73c (most of it in my Roth IRA). And even if they are at some point, Buffington and the hedge funds are still involved. You just know they’ve got something shady / illegal planned for Hycroft if and when the company ever goes public.
That’s if things get rolling long before 2022. And what’s with the daily price movement on the warrants? Down 43% yesterday. Seems like a lot of manipulation going on.
Oh yeah? Has anyone involved actually said that? Usually we get an email from alliednevadafraud with any new developments. No update yet. They’re being awfully quiet.
Got a name and obituary on this shareholder? If there was a suicide related to the ANV robbery, it’s something the judge needs to be made aware of. Reverse the bankruptcy and give this guy’s family his share so they can bury him. Also send a copy of the obit to Buffington with “MURDERER” in big red letters.
I'm curious why they didn't fight the bankruptcy/robbery. Pension funds usually have big lawyers, deep pockets and an entire corporation, city or state behind them.
How is that a doomsday scenario? Better than what we have right now. But it has to happen by October 2022. I don't see the clock working in our favor unless gold and silver head a lot higher.
Total: 10,084.
It's not a 100% loss yet. Close though.
My Fidelity account is showing two different loss numbers. In my regular account HYCTW is down -90%. I could sell and take a capital loss. In my Roth IRA account HYCTW is down -99%. Tough to do anything there.
We’ve already eliminated ourselves by being on here. If and when something violent happens to Buffington and his crew, the law will surely read these boards and pay all posters a visit. The people involved going forward will need two qualifications: (1) never posted anywhere on the internet about ANV or contacted the company or said anything to anyone about the bankruptcy/robbery and (2) never owned a share.
Never too late to broadcast Buffington's home address. The boys in the 'hood and the barrio might be interested in all the $$$ he's hiding.
Hard to believe Buffington hasn’t been “suicided” yet. Or had a fatal automobile “accident.”
Kind of like my silver class action lawsuit. It started in April 2016 when Deutsche Bank admitted to rigging the silver price and agreed to pay $38 million. Every time I e-mail or call the lawyers involved they say nothing yet. Come on, dudes. I lost six figures on that one. Throw me $10,000 just to let me know this is going somewhere.