A letter to Hycroft Management that will never be sent:
Weak hands who sold HYMCZ this past week prevented something amazing from happening today. If it was not for these very few sellers, the price of HYMCZ would still be at $0.69 or higher and Hycroft Management would have witnessed something incredible.
Because of today's announcements by Hycroft Mining, which caused huge price drops of HYMC, this would have been the first time in history that our HYMCZ warrants would be higher than the HYMCW warrants.
Who would imagine that a warrant out-of-the-money, $35, would trade for more than a warrant out-of-the-money $6. This would have been completely unheard of on wall street. How could this possibly be?
This, to us, indicates that we are ripe for an SEC announcement. So get ready because things are about to get interesting.
We believe that today's price drop of HYMC occurred for one simple reason:
To start the fall of the price of HYMC, in order to cause the recovery to HYMC holders to be minimal in compared to the recovery of HYMCZ holders. This shows that the tide has turned causing a re-balancing of the scales but this time in the favor of HYMCZ holders.
We regret to inform you that this is now out of your control. You have done everything in your power to try and cause our warrants to expire worthless.
Now we will all witness the assets slowly change back into the hands of HYMCZ holders. You can think of this almost like a magic trick, but without magic. It's like when the magician cuts the volunteer in half on the stage (the bankruptcy fraud which stole from HYMCZ), and now the volunteer gets put back together (HYMCZ holders receive back their full body in one piece).
There are two possible beneficiaries of the Hycroft mine:
Beneficiary 1. HYMCZ (HYMCZ HOLDERS RECEIVE RELIEF IN SOME FORM - whether this relief is in the form of the Hycroft mine being returned to it's rightful owners, the HYMCZ holders, or an equivalent in capital being returned to HYMCZ holders.)
Beneficiary 2. HYMC, HYMCW, and HYMCL (If this happens, HYMCZ holders receive nothing and the board of directors truly do win).
This is an EITHER / OR scenario.
Either beneficiary 1 will receive all or beneficiary 2 will receive all. NOT BOTH.
The reason for this price drop is to set us HYMCZ holders up for the largest reverse take over, never before seen. If trading gets halted on HYMC and shareholders receive back their money, due to today's price drop, as of today, $2 per HYMC gets removed from the side of the HYMC beneficiary, and added to the side of HYMCZ beneficiary.
I would be worried if I was holding HYMC right now.
We are all waiting for HYMC to drop further, and yet not one of us are shorting it. The scales are still not balanced. A drop of just $2 per share is not enough. HYMC still needs to drop another $5 per share. However, we are not greedy, and we do not care how much you receive back. We just want back what was taken from us.
Thank you in advance Hycroft. Even though you did not want to give us our shares back, and you had no regard for us, we managed to make it happen anyways.
A close to a very unwelcome chapter is soon coming to over 30,000 families. Please take this as a lesson and count yourselves fortunate that you are not being faced with criminal charges.
Congrats to HYMCZ holders! Together you united, and you made it happen!
