Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Deceiving numbers of the debtors in possession?

The numbers reported on the monthly operating reports are all mostly 'cash numbers', that would have been confirmed by money being deposited into or a check written out of, new bank accounts that would have been setup once the bankruptcy was filed. The trustee would get a copy of the bank statements every month.

In order for the debtors to hide revenue from the trustee, they would have had to not used any of those bank accounts, which is somewhat unlikely.

While the pre bankruptcy financial statements would have all kinds of non cash items on them, the operating reports are mostly on a cash basis.

Louis J. Desy Jr.