Hycroft Mining Holding Corp (HYMC)

[Kapersky]

The fact that these guys sold 21.5M shares for $1 when the stock was trading roughly 40% higher and then proceeded to take the money and run the company into bankruptcy 2 months later is beyond questionable.

Have we ever gotten a reason as to why they issued new shares despite knowing the true financial condition of the company? I can't imagine they underestimated the situation and amount of cash they would need so badly -- circumstances don't change that drastically in 2 months. The arguments around the price of gold are also disingenuous, it hasn't fluctuated greatly since they had that offering. Are we to believe that they modeled a financial plan 100% based on hope for higher gold prices?

Hycroft is one of the largest gold mines in the US - we're to believe they couldn't forecast output accurately??? If they knew they couldn't fix the situation with a re-up and went ahead with locking down everyones money and crashing and burning this thing to the ground - then yeah, that sounds criminal to me…