db7
3 months ago
10k filed, interesting:
"On December 22, 2023 Robert Hambrecht was appointed Chief Financial Officer of the Company, replacing Mr. Gene Yates, who remains with the Company assisting with accounting and bookkeeping duties."
"Mr. Robert Hambrecht was granted 50,0000 options in January 14, 2024 at an option exercise price of $1.99 per share, with an expiration date of January 14, 2030."
"The Company has been unable to contract a PCAOB auditor for an examination of financial statements and records. The Company continues to search for an auditor."
db7
3 months ago
10Q filed, interesting tidbits:
"On February 5, 2024, 50,000 Stock Options were granted to the Company's Chief Financial Officer Robert Hambrecht at an exercise price of $2.00 per share."
"On January 3, 2024, the Company completed the sale of 15,448 shares of Ironstone common stock at $2.89 per share, in a Tender Offer made by TangoMe as part of a management reorganization. The proceeds of $44,721 were reflected as a realized gain of $11,663 and a return of capital of $33,058.
On May 3, 2024, the Company received a dividend of $75,687 from TangoMe.
"
db7
2 years ago
10k, excerpts:
"
The Company has been unable to contract a PCAOB auditor for an examination of the 2022 and 2021 financial statements and records. The Company continues to search for an auditor.
Due to the Company not being able to secure an external audit, the SEC removed Ironstone Properties from βRetail OTCβ and place the Company in the βExpert Tradingβ category of the OTC during September 2022, thereby reducing trading liquidity.
"
"
On November 30, 2022 the Company renewed itsβ note for five years, replacing the note issued April 1, 2012. The renewed terms are 7% interest rate, maturing November 30, 2027. The gross amounts payable under the agreement as of December 31, 2022 and December 31, 2021 was $2,603,214 and $2,329,510 respectively. As part of the note renewal, a warrant was issued to the lender to purchase 319,021 common shares at $2.04 per share. The warrant has a five year term, expiring November 30, 2027.
"
db7
3 years ago
last friday 8k, doubled our holdings in Aristotle? "On May 9, 2022 the Ironstone Properties Board of Directors approved the purchase of 5,037 common shares of Aristotle, LLC, a privately held company at $19.853 per share from the personal holdings of Ironstone Properties Chairman of the Board of Directors William Mayer for a total of $100,000. William Mayer and CEO William Hambrecht abstained from voting. This transaction was executed on June 16, 2022. The sales price was determined using a company value of Aristotle at $150 million."