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Why would they lower the stock value? to let our warrants to expire worthless by 10/22 and to prove their position with any SEC investigation. I would guess that SEC personals are smarter than playing these games.
@freddie me Is there any news we might not be aware of?
Is that for the whole year or last quarter?
Stanton Rideout signed the latest filing, not Diana the new CEO.
Jordan's article was re-posted on Seeking Alpha:
https://seekingalpha.com/article/4378476-allied-nevada-gold-corp-investors-may-be-on-track-to-soon-receive-relief-from-sec
This is the scheme they use to scare us to sell cheap.
Still 2 more years for our warrants, we need to be patient, there will be a big gold price rally next year.
I hope with all these many filings, with our complains, SEC will start investigating the whole ANV (HYMC) fraud.
Here is my SEC complaint submission No.:16016-270-118 was submitted on Fri, Oct 02, 2020 at 7:51:44 PM.
This is the best time to push again for SEC investigation. What is happening now with HYMC is insane.
Definitely, no buy here. Let us just hope to minimize our loss and get out.
Both HYMC and HYMCW are dropping and HYMCZ is going up, strange!
The way HYMC is dropping is strange.
what about the complain that Jordan submitted to the SEC recently?
Maybe because of the SEC investigation and next month lawsuit hearing causing them to dump the share value.
HYMC dropped to $9 today, reminded me with the way ANV dropped back in 2014.
Looks like the fund they receive from recent offerings is part of the pumping! they are out of cash.
what is your technical shows for the next 4-6 months? any target value?
I believe it, MUDS is trying everything he can to take all of our warrants very cheap before this takes off next year. The pumping up and down could be done purposely to scare people to sell at the high.
I am with you 100%. I invested in the company since started and have same feeling like you. Some new investors who joined recently while it was in the dip are happy with their gains. I will be patient another year till treasury shares distribution.
Nick: just an observation about the pumping effect, I think if we hold our warrants and not to sell now, the pumping effect will move higher maybe toward $1 in the short to mid term.
It is not going to be an easy battle, we have to fight till the end! Still two more years to go!
I think MUDS is going to sell this for a huge profit in a year or two and I wish our warrants will have appreciable value before then.
HYMC pattern now with multiple offerings in short duration is similar to ANV pre BK pattern. The only difference is the gold price is going higher and different management.
Strange, HYMC went down 12% while gold is up.
Probably they try to keep the market cap as low as they can till resolve anti dilution issue with warrants seller holders. They don't want to reveal the true value now with the coming lawsuit and possible SEC investigation. They want to demonstrate that they are in trouble.
Nick, agree that is the approach MUDS is taken. We should reach out to as many HYMCZ warrant holders as possible and let them to hold on their warrants and not to sell them cheap.
After today's SP drop, anyone can purchase 4 HYMC shares for $44 less than exchanging 4 seller warrants for a single share and pay $44.7. It sound like seller warrants are treated by MUDS as more like a liability than an asset.
As Jordan's article and the book indicated, after Buffington and Steve Jones joined ANV everything went upside down and purposely wiped out all shareholders equity in a short period with inaccurate financial statements and unnecessary overwhelming debt that lead into BK. I wish the SEC will open thorough investigation about that century fraud.
Gary Wagner at Kitco.com refers frequently to Fibonacci.
https://www.kitco.com/commentaries/2020-09-24/Gold-and-silver-stage-a-modest-recovery.html
The question is whether any technical analysis based on pumping and manipulation will lead into any meaningful outcome!
Thanks for the explanation.
We need to consult with a lawyer regarding this argument. Lots of Jargons may not be simple for a regular person to digest.
I don't know how MUDS lawyer is convincing himself and us that no warrants is better than with warrants. Anyone can buy four shares of HYMC for $48 without warrants from the open market and with warrants you exchange 4 warrants for a single share and you pay $44. It is a rubbish argument.
The amount of criminal acts of both Randy Buffington and Steve Jones are beyond imagination. In a very short time they wiped out ANV shareholders equity. ANV was very profitable before they joined. I don't understand how they escaped without being caught all that time. I am sure there were other people in the background asking them to do what they have done.
Thanks Jordan for the article. The book idea is also great!
Nick: will be good to know the outcome of the lawsuit. It could be the event that will trigger MUDS to give HYMCZ Warrant holders what they ask for.
Like the proverb that says "You don't get what you deserve, you get what you ask for."
Completely agree and I wouldn't sign any form with the referenced lawsuit given the low settlement amount, 2/3 of which will cover law office expenses and remaining will be distributed among 100's investors.
After reading the SA article, it seems like the Auteco deal is not bad for First Mining.
It is not expected the price to jump suddenly to $1 without either:
- Strong technical data to supports the movement.
- A wake up call to MUDS by accepting Jordan's offer and honor ANV warrant holders what they deserve.
None of that happening at the moment as far as I know, so let us wait and see.
Trying to connect the dots:
- Steven Jones joined Allied Nevada Gold Corp as a CFO on March 12, 2012, two years before BK.
https://www.nnbw.com/news/steven-jones
- Randy Buffington was hired as a CEO for Allied Nevada Gold Corp on Dec 18, 2012, 14 months before Ch11 BK.
https://www.sec.gov/Archives/edgar/data/1376610/000119312513017590/d467221dex101.htm
It sounds like they were both hired for that purpose.