Applied Minerals Inc (CE) (AMNL) Quote

Volume of 10,739 yesterday. Who - or what - is still trading this thing?

Is it not a transaction on debt?

Just them rearranging the deck chairs on the Titanic.

Can anyone translate that samlyn filing?

AMNL: SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/files/litigation/admin/2024/34-99611.pdf

DEAD!

Oddly enough, I see trading volume of 2,043 today, for a nifty gain of 9,900%. I guess some zombies out there are pulling the trigger as they roam about.

I've been in the stock for 6 or 7 years so I will definitely keep an eye out for an Ionic IPO. Still.. AMNL had plenty of opportunities before Covid and rising rates to capitalize on their tech but squandered it. On to the next for now

Ionic will go public - without a doubt . Keep an eye out if you like the tech, there will be further chances.

AMNL never had a chance with all that debt. In Carney’s defense Mr.Z and previous crew fixed his wagon.

He still could have done much more with his time, but it wasn’t going to be easy - he just wasn’t up to the task.

That's a damn shame. Promising tech that we won't be able to profit off of

I doubt we ever hear anything from this company ever again - it was delisted pretty fast - there is no reason to think it could ever recover.

I still believe what they have left will end up with these guys:

https://www.businesswire.com/news/home/20231102317679/en/Ionic-Mineral-Technologies-Unveils-State-of-the-Art-Silicon-Anode-Production-Facility

Anyone hear anything about this pos? I wonder if they are functioning at all

I let Carney's actions do all the talking. He constantly posted financials late, updated shareholders maybe once a year, and has not executed on any business plans(whatever those were lol)

He doesn't care about us and even if he did it doesn't matter. This company is broke. This company doesn't need to declare bankruptcy. Reality will do it for them

Yes thanks for the update, much appreciated.

Thanks for the update. I took the loss and moved on...

LOL like they are really going to care.

I take all that with a grain of salt - odds are we don’t ever get off the current market and AMNL never recovers - those are just the sad odds.

I am actually kinda put off by the fact that these statements may induce someone to get into this mess - I mean if you are already in, that is one thing - but some of those statements do not comport with reality…just wishful pie-in-the-sky thinking.

I, personally, don’t take this CEO seriously, no matter what he says, his track record speaks for itself.

GL2A

How is he legally able to tell you all of this? Contacting the SEC first thing Monday morning.

All right. Just hung up the phone with Mr. Carney.
The company (Mr. Carney) is working on the issue of outstanding bonds and looking for solutions to reduce/eliminate the debt.
There will be no bankruptcy, simply because it’s expensive.
There is no chance that Ionic can grab any of $AMNL’s assets because of Mr. Zeitoons involvement with Ionic.
Mr. Carney is pursuing opportunities in the market to make the company positive cash flow.
Last week a master batch of product was sent out for a trial to one of the polyethylene caps and boxes company.
There are also plans to use halloysite as a nucleating agent in food preservation.
As soon as the company starts generating money, filings will be made, company will be current.
Mr. Carney said that he does care about the company and the shareholders. When outside investors approach him his negotiation’s always mention the shareholders and their faith.
I know he’s not giving us a parade but he’s giving the company the very best he’s got. (He was still at the mine when we had a chance to talk)
I didn’t mention other companies and potential partners intentionally.
I asked Mr. Carney to withhold this information from me because I do not want to have any insider information.
I hope this helps while we wait.

Expert markers… No public trading.
https://www.otcmarkets.com/stock/AMNL/security

Thanks for trying.

No, not yet.

Anything back?

Thank you

I sent him a message. Let’s see what he says.

Can you get an update from Company on late filings?

DD is they don’t even have enough cash to stay current- unless some significant revenue stream comes, and fast, it’s lights out. JMHO - GL2U

Is there any DD on the future here?

I did it with DD_King. It’s a legit site.

Who did the site visit?

Realistically, the next update we get is the AMNL bankruptcy filing. If they can hold on to the mine somehow I would buy in the new equity but I've pretty much written off this stock on my end.

Not at all, just check in with the CEO time to time.

You seem to have the inside track...

No update on my side yet.
Is anyone contacted the company yet?

Any update? How much longer do we have?

$AMNL https://t.co/dz6oi5CWSF— Rymada (@rymada701) May 23, 2023

Mastery is what I do. You are very welcome!

I’m far from oblivious to the current situation and just relaying that it’s not that uncommon, but thanks for your mastery on the subject. gl2u

He’s at least filing the necessary forms. Could just go dark. Seen that plenty of times

Lol - sure, dude - they are flat out telling you they don’t have enough cash to even stay current - you want to believe that doesn’t mean anything….hey, it’s your money if you own shares here - GL2U.

Na I didn’t say it was the same as on the previous amnl nt-filings. I have however seen it on other otc nt-filings. For all intensive purposes this form of basic phrase is more fitting do to the subject of the last 8k

Here, I’ll make it easy: the basic statement:

The Registrant requires additional time to gather information required to complete its Quarterly Report for the period ended September 30, 2022.

Not, “we ain’t got no cash”….LOL

Na, the basic phrase was in the last NT filed - that is the plain-vanilla phrase- check it out - this one is “special”. LOL

I see that phrase as basic sentence to fulfill the requirements of the filing. just my opinion. Seen the same sentence on other nt-filings

I hate it when you talk to CEOs and they sugarcoat things on the phone - that is why I rarely speak to them - at this level they are just glorified used car salespeople…

I will go to meetings and ask questions in public forums because they can’t get away with it as much as they can with a one on one, but I have learned to not let them blow smoke over the phone… not saying anything you are saying isn’t coming from a good place, I am just suspicious of these guys…

I believe you when you say that is what he said, but bottom line is AMNL is completely out of cash and that’s telling - if they don’t get some kind of sales and real quick they won’t be able to operate or keep the lights on…

Agree

Would be nice if what you were told was consistent with the filing - just sayin’

I never said that that’s what the document says. I said what I’ve been told…

It doesn’t say that they changed accountants, it says they can’t afford to have them done.

Yeah, he told me he found a cheaper preparer.

“Due to liquidity constraints, the Company has not been able to file its Form 10-K for the twelve months ended December 31, 2022 as well as its Form 10-Q for the three months ended March 31, 2023. Once the Company has adequate liquidity, it intends file both its Form 10-K for the twelve months ended December 31, 2022 as well as its Form 10-Q for the three months ended March 31, 2023.”