Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Shares that I own

I do have one common share in the DRS (Direct Registration System) so I show, under my own name, on the shareholder list. I also have several hundred shares in a brokerage account. As far as I can tell, the 52 week high for the common is $0.03 and the low $0.0011.

The way the common shares are trading, they are acting like the company is deep in the red; probably with the new financing from the reorg way ahead of the new common in any share of the profits.

I speculate that what may have happened is that when the bankruptcy started, they arranged for a bunch of DIP (debtor in Possession) financing, which would have a super priority in any recovery. Then as the bankruptcy went on, I remember there was one month that there was a large write off as the amount of gold recovered from the leech pads fell far short of what it was being carried on the books for. I think that may have left things with the NewCo way in the red when it reformed.

I hope if I can exercise one warrant, and then move that share to the DRS, that the company will allow me a set of financial statements and I can see how bad things with the new common.

Louis J. Desy Jr.