Replies to post #7332 on Applied Minerals Inc (AMNL)

[MasterSalix]

Mine was purchased for $500k, sure I am sure it has appreciated some, but debt is $50M….the mine is their only real asset, IP is nonexistent and if you look at filing, equipment is basically nothing…not much cash either…not much else…just sayin’…

[Zardiw]

Most notes get defaulted on. All it means is they convert to shares....and those shares then get sold to satisfy the note........

Z