I have a reason to hold HYMCZ warrants, I am holding these based on my personal due diligence (like any other investment) and understanding that I have Reward which is far greater than the Risk. I have put those reasoning in this board to share with our follow ANV Shareholders who are going through similar pain for many years.
Here is my reasoning why I am holding Hycroft ANV Warrants (as I have said earlier, I am not insider or have any clue, these are my logical hypothesis – may entirely come false)
1. HYMCZ Warrants has underlying assets that holds value fixed value of the company based on court order (it is precisely 17.5%) and the strike price of these warrants are fixed from 2015 by the court. These are anti-dilution in nature.
2. Current market cap of Hycroft is close to 100 million (which was 100 million days back). They are trying to raise 500 million through equity. There is no way shape or form 500 million (in dollar terms) can be raised through open market. This cannot be unknown to the planner in first place. Which means there are other bigger players involved in this decision making, may be other companies to take it over.
3. This new 500 million additional investment will substantially reduce Mudrick’s and all other SPAC investors overall holding percentage. Mudrick will overnight become minority holder from a majority holder, not sure how and why he has voted to increase number of shares, may by without the approval, his investment would have gone totally under.
4. During the same time when Mudrick & Co becomes majority to minority shareholder, HYMCZ still holds 17.5% of the Hycroft, as it was the day Hycroft went public. Reason why HYMCZ has been strong last year, where are other instruments are weak precisely due to this fact.
5. I believe someone got hold of majority of the HYMCZ during those two days spike and subsequent market manipulation. They will be holding the bargain power on the Hycoroft management table and get fair share for rest of us.
6. I don’t believe HYMC is going to $.40, it will probably go up from here and some of the guys will bail out and most likely pricing will be greater than $2. Reason being, Hycroft already have revenue of $100 plus million and someone who is going to bring in 500 million, most likely have timeframe and resource to execute the project and make it profitable.
So many of ANV shareholders have contribution on raising and bringing these to the Court/media/SEC/Hycroft management. No one here doing any paid service which will be 100% perfect all that time that one can demand accountability. I am sure, you are wise enough to understand and not take any misleading suggestion and buy HYMCZ.
Question is, why are you holding HYMCZ (if any), what is your due diligence. If you see that Oct 2022 is coming faster than you can take and too risky for you. Please bail out, no one is forcing you to hold this piece of junk.
