Inception Mining Inc (PK) (IMII) Quote

On August 18, 2023, the Board approved, and recommended for approval to the Majority Stockholders, the Reverse Stock Split to be effectuated within twelve months of the Record Date.



On August 18, 2023, the Majority Stockholders approved authorization of the Board to effect the Reverse Stock Split within twelve months of the Record Date. Accordingly, your consent is not required and is not being solicited.



We will commence mailing the notice to the holders of Common Stock on or about August 29, 2023.

Expires next month if I remember correctly 🤔

Looking a little bouncy lately. Anyone know if they cancelled the RS they had on file?

Yep

RS coming here. AVOID

Always good to be skeptical in the otc!

Company not updating their share structure on otc markets….. to much. Assuming they may be trying to dilute? Who knows maybe not….. but I’ve seen this to many times; big scamming games to line their own pockets.

Q

What does Build back better really mean? That’s not what they say… LOL

Yes and the dollar is toast!

Clavo Rico Mine …. Straight up experienced
gold mine!

Looking good so far!

Only 10 billions AS for them to possibly
be able to dilute if I’m not mistaken?

Dilution

News are evident, this could go parabolic

News?

Today the run starts

2mm shares traded, great R M news, still trading at $.06

Who are these morons dumping shares ???

Anyone around?????

Big buy there - news would be nice

Yup

nothing here at 0017 folks easy over 0025

$1.00 to $2.00 ???
This sub-penny pile of shit is going nowhere

I’m in let’s go

Are you thinking this hits 1.00- 2.00 $ tomorrow ?

IMII $$$ SOMETHING BIG IS BREWING HERE...IM GOING LOAD BIG AGAIN NEXT WEEK MONDAY !!!!

“INFORMATION STATEMENT

June 24, 2022

NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT

Dear Shareholders:

This notice and the accompanying Information Statement are being distributed to the holders of record (the “Shareholders” ) of the voting capital stock of Inception Mining Inc., a Nevada corporation (the “ Company “), as of the close of business on June 24, 2022 (the “ Record Date “), in accordance with Rule 14c-2 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act “) and the notice requirements of the Nevada Revised Statutes. The purpose of this notice and the accompanying Information Statement is to notify the Shareholders of actions approved by our Board of Directors (the “ Board “) and taken by written consent in lieu of a meeting by the holders of a majority of the voting power of our outstanding capital stock as of the Record Date (the “ Written Consent”). The Written Consent approved the following actions:

? The increase in the number of authorized shares of Common Stock from eight hundred million (800,000,000) shares of Common Stock to ten billion three hundred million (10,300,000,000) shares of Common Stock (the “Authorized Share Increase”). The 10,000,000 authorized preferred shares of the Company shall remain the same.

The Written Consent is the only shareholder approval required to effect the Corporate Action under the Nevada Revised Statutes, our Articles of Incorporation, as amended, or our Bylaws. No consent or proxies are being requested from our shareholders, and our Board is not soliciting your consent or proxy in connection with the Corporate Action. The Corporate Action, as approved by the Written Consent, will not become effective until 20 calendar days after the accompanying Information Statement is first mailed or otherwise delivered to the Shareholders.

WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.

No action is required by you. The accompanying Information Statement is furnished only to inform our shareholders of the actions described above before they take place in accordance with Section 78.390 of the Nevada Revised Statutes and Rule 14c-2 of the Securities Exchange Act of 1934. This Information Statement is first mailed to you on or about July _, 2022.”

No it won’t. Time to get in is now. Big things coming.

Nice dip opportunity here..won’t last in my opinion

Yeah, the O/S was only 206,040,037 on 06/03/2022 with the A/S @ 800 mil. Why raise it to over ten billion other than they're gonna dilute this to smithereens!

Yes it trades very thin. Low float for sure.

Like how it trades.. close over .002 will bring eyes this weekend..

Was copper not 2 long ago

$IMII Added .0019 here..trades pretty thin…

what am i missing? PRE 14C filed 6-30-2022 .. to increase in the number of authorized shares of Common Stock from eight hundred million (800,000,000) shares of Common Stock to ten billion three hundred million (10,300,000,000) shares of Common Stock (the “Authorized Share Increase”). The 10,000,000 authorized preferred shares of the Company shall remain the same.

http://archive.fast-edgar.com/20220630/AJ2YV22CZC2RU2RZ2K2L2MY2GB4GZZ22Z242/.

Has legs

003 soon imo. Coming off bottoms

Now is the time to load before the fireworks start. Super thin my goodness no telling how high they can take this one. $IMII

Huge Vol

Nothing surprises me in the otc!

IMII take what ever profit u have gonna get ugly Item 1.01 Entry into a Material Definitive Agreement



As of June 10, 2022, Inception Mining, Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with Antilles Family Office, LLC (the “Investor”), pursuant to which the Company agreed to settle claims asserted by the Investor in the Verified Complaint filed by the Investor against the Company in the United States District Court (the “Court”) for the District of Delaware (Case No. 1:21-CV-01822-CFC) on or about December 27, 2021. The complaint alleged that the Company breached its Note Purchase Agreement with the Investor, pursuant to which the Investor’s assignors, Discover Growth Fund, LLC (“Assignor”), made a loan of $3,000,000.00 to the Company, and the Company issued a Senior Secured Redeemable Convertible Note (“Note”) with a face value of $4,250,000 on May 20, 2019 in favor of Assignor that was subsequently assumed by the Investor, and breached a subsequent Forbearance Agreement by failing to remit all of the required quarterly and monthly payments in 2021 and make loan payments since March 31, 2021.



Conditioned upon the Court approving the Settlement Agreement, the Company and its transfer agent are required to reserve an aggregate of 10,000,000,000 shares of Company common stock (the “Conversion Shares”) for the Investor. The Investor and the Company are required to jointly request a stipulated order (a) finding that (i) under Section 3(a)(10) of the Securities Act of 1933, as amended (the “Securities Act”) that the exchange of Note and the claims for shares of Company common stock provided for in the Settlement Agreement is fair, (ii) the shares of Company common stock issued upon conversion of the Note previously issued by the Investor are not required to be registered under the Securities Act, and (iii) the Investor is not required to register as a dealer pursuant to Section 15(b) of the Exchange Act; (b) requiring 541,449,789 shares of Defendant’s common stock to be immediately reserved for issuance to Plaintiff, and all Conversion Shares to be authorized and reserved within 30 days of the order; and (c) requiring the immediate issuance and delivery in electronic form of free trading shares of common stock by Defendant and its Transfer Agent, and any subsequent transfer agent, at any time and from time to time on request by Plaintiff in accordance with the procedures and beneficial ownership limitations of the Note, until all Conversion Shares are issued and delivered.



Pursuant to the Settlement Agreement, the Company has the right to terminate any then-remaining share reserve and any then-remaining obligation to issue Conversion Shares by paying to Investor the sum of $1,000,000 at any time within one year after the date of the Court approval of the Settlement Agreement, or $1,500,000 at any time thereafter.



On June 16, 2022, the parties submitted that stipulated order to the Court for approval.



The foregoing description of the terms of the Settlement Agreement is subject to, and qualified in its entirety by, the terms of the Settlement Agreement, which is attached hereto as Exhibit 10.1 hereto and incorporated herein by reference.

I am paying attention !

Shhhhh

News coming. Website updated again

https://www.otcmarkets.com/filing/html?id=15734248&guid=jBewkK5UOIH3dth

Lets go,10k coming next week revs should be great. insiders loading up as well

Very impressive with a MC under 1 mill. LOL. Should see 4-5 cents here easily

Looking mighty thin here. Should see over 5 million revs when the 10k drops

NT 10-K Notice of late annual filing

https://docoh.com/filing/1416090/0001493152-22-008484/IMII-NT10K

Same as last year no biggie will get the filing in a couple weeks

Annual report should drop any day now