{
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  "docSlug": "0dd3bb0497df",
  "documentTitle": "American Battery Metals Corporation / Comstock Mining Inc. (ABML / LODE)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-03-10 00:00:00",
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  "notes": "The slide uses a red-box callout to emphasize the specific allegations of mismanagement and self-dealing against the board.",
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      "kind": "callout",
      "text": "A MacLellan company accused of fraud, completed financing with a fraudulent fund, and later declared bankruptcy.",
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      "kind": "list",
      "text": "Star Mountain Resources (OTC: SMRS; previously Jameson Stanford Resources) was an early stage mining company born from a shell company named myothercountryclub.com. MacLellan served on the Board from May 2014 to October 2016.",
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      "kind": "paragraph",
      "text": "In June 2016, SMRS completed a financing transaction with TCA Global, a Florida investment firm later charged by the SEC for fraud. SMRS filed numerous going concern warnings, including in the last SEC filing before MacLellan's resignation (10-Q dated 8/12/16). The Company declared bankruptcy in February 2018.",
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      "kind": "paragraph",
      "text": "SEC Charges Florida Investment Adviser with Fraud... The SEC's complaint, filed in the U.S. District Court for the Southern District of Florida, charges TCA and TCA-GP with violating the anti-fraud provisions...",
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      "kind": "paragraph",
      "text": "Following Aviano's Fraudulent Conveyance allegation noted above, Aviano along with certain other shareholders have put the Company on notice of their demand that the Company act on behalf of the Company against the Board of Directors and its officers to remedy breaches of fiduciary duties, gross mismanagement, insider self-dealing and violations of Nevada Revised Statutes Sec. 78.138(7) and Sec. 78.565.",
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      "kind": "paragraph",
      "text": "Going Concern Risk Factor in 2015 10-K Filed 4/13/16: There is substantial doubt as to our ability to continue as a going concern. We have no historical revenues, have suffered recurring losses from operations and have a working capital deficit of $1,118 as of December 31, 2015.",
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      "kind": "quote",
      "text": "There is substantial doubt as to our ability to continue as a going concern. — 10-K Filed 4/13/16",
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      "kind": "title",
      "text": "Star Mountain (SMRS): MacLellan On A Board That Presided Over Numerous Troubling Events",
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      "arcName": "Overcoming the Monster",
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      "evidence": "The deck exposes concerns with ABML's management and board",
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