JS

[JS @EY32123]

@EricBalchunas Many athletes are building interests outside sports to have things to focus on post-career, leading many to invest directly in products/companies. I had one client doing this, so the firm didn’t put him in additional privates and instead DCA’d his money into DI-type strategies.

[JS @EY32123]

@dampedspring Yes, not the point of your post and yes, a very big client hence discounted rate due to scale.

[JS @EY32123]

@dampedspring If you dm me, I can tell you more details.

[JS @EY32123]

@commonsenseplay @tradergurujosue Didn't their banker walk away?

[JS @EY32123]

@kosVarg66907538 @sleepingbear84 @LionelHutz_Esq @jjlopez74528891 At the moment there are no details on the bid.

[JS @EY32123]

@LionelHutz_Esq @kosVarg66907538 @jjlopez74528891 I saw the recent press release. Do you know how they arrive at 15% of 500m? I don't see where the 15% comes from.

[JS @EY32123]

@kosVarg66907538 @LionelHutz_Esq @jjlopez74528891 The actions off the coast of Venezuela aren't something that should be directly factored in, but one has to wonder if there is—even if only a small probability—some potential knock-on effects that could ultimately benefit $GDRZF.

[JS @EY32123]

@kosVarg66907538 @LionelHutz_Esq @jjlopez74528891 Please note that they haven't accepted, doesn't mean they have rejected. Per my read, $GDRZF has until outside date to accept (12-18 months after signing Amber SPA). I had the same question and saw no other conditions. 2123 has the details if you want to review yourself.

[JS @EY32123]

@verdadcap There are some smaller endowments that have bucked the trend and done quite well. They just don't get any publicity.

[JS @EY32123]

@AlexBWashburn @LionelHutz_Esq @jjlopez74528891 It's in several places. Look at 2123. The SM mentions in his letter additional consideration of $500M. It also appears in the table on annex A.

[JS @EY32123]

@LionelHutz_Esq @jjlopez74528891 The downside scenario I see for $GDRZF is if the ruling is in favor of the 2020 bonds. But even in that situation, I believe the bid process would need to be reopened, and potentially more bidders could come back into the mix due to the added legal clarity. Is that right?

[JS @EY32123]

@LionelHutz_Esq @jjlopez74528891 @LionelHutz_Esq Read your $GDRZF note. Is the TSA with the bondholders public? Is it assumed that Amber would be paying them back in full (face value + interest)?

[JS @EY32123]

@LionelHutz_Esq @jjlopez74528891 Look forward to reading it. To me, the situation looks favorable for $GDRZF. The Amber bid provides a $500m option (which creates a floor on share price). The SM also has the ability to back out pending the 2020 bond issue (and the US Attorney appears to side with opp party).

[JS @EY32123]

@ChrisDeMuthJr Looked at Citgo auction updates. For $GDRZF, Amber Energy bid doesn't look as bad as I initially thought. Puts a floor value of $500M (outside date = option expiration date), also gives the SM the ability to reverse the decision pending how Failla rules. Agree with my read?

[JS @EY32123]

@EricSchleien It is said that the Amber Energy bid would result in $75m recovery for Gold Reserve.

[JS @EY32123]

@MenjaiHess @LionelHutz_Esq It doesn't look like the bondholders are willing to negotiate with Vitol so they don't have a bid at the moment. The market looks to be pricing in the fact that it's back to the SM choosing between Dalinar and Elliott.

[JS @EY32123]

@uv_shares Small correction - when Gold Reserve initially hit the $4.5/share range last year, the SM selected the Elliot/Amber bid. They ended up restarting the process and the SM selected Red Tree as stalking horse. Anticipation during the stalking horse bid bumped GRZ to $2.50/share.

[JS @EY32123]

@LionelHutz_Esq https://t.co/dOhMzmM7wl

Interesting tidbits of what was happening behind the scenes.