0001104659-11-021762.txt : 20110422 0001104659-11-021762.hdr.sgml : 20110422 20110422062105 ACCESSION NUMBER: 0001104659-11-021762 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20100504 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110422 DATE AS OF CHANGE: 20110422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Golden Minerals Co CENTRAL INDEX KEY: 0001011509 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 841363747 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13627 FILM NUMBER: 11774673 BUSINESS ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3038395060 MAIL ADDRESS: STREET 1: 350 INDIANA STREET, SUITE 800 CITY: GOLDEN STATE: CO ZIP: 80401 FORMER COMPANY: FORMER CONFORMED NAME: APEX SILVER MINES LTD DATE OF NAME CHANGE: 19970825 8-K/A 1 a11-10764_18ka.htm 8-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

Amendment No. 1

Current Report

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 4, 2010

GOLDEN MINERALS COMPANY

(Exact name of registrant as specified in its charter)

DELAWARE		1-13627		26-4413382
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

350 Indiana Street, Suite 800

Golden, Colorado 80401

Registrant’s telephone number, including area code: (303) 839-5060

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Table of Contents

TABLE OF CONTENTS

Item 8.01	Other Events	3
Item 9.01	Financial Statements and Exhibits	3

Signature		4

Table of Contents

This amendment to the original Form 8-K filed on August 24, 2010 is made to reflect the referenced press releases under Item 8.01 rather than Item 2.02.

Item 8.01 Other Events

On May 4, 2010, Golden Minerals Company issued a press release reporting its first quarter 2010 financial results. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On August 5, 2010, Golden Minerals Company issued a press release reporting its second quarter 2010 financial results. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press release of Golden Minerals Company, dated May 4, 2010, reporting financial results for the first quarter 2010.
99.2		Press release of Golden Minerals Company, dated August 5, 2010, reporting financial results for the second quarter 2010.

Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 21, 2011

	Golden Minerals Company


	By:	/s/ Robert P. Vogels
		Name: Robert P. Vogels
		Title: Senior Vice President and Chief Financial Officer

Table of Contents

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release of Golden Minerals Company, dated May 4, 2010, reporting financial results for the first quarter 2010.
99.2		Press release of Golden Minerals Company, dated August 5, 2010, reporting financial results for the second quarter 2010.

EX-99.1 2 a11-10764_1ex99d1.htm EX-99.1

EXHIBIT 99.1

GOLDEN MINERALS REPORTS FIRST QUARTER 2010

GOLDEN — (MARKETWIRE) — May 4, 2010 — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE Amex: AUMN) (TSX: AUM) announces results for the first quarter 2010.

First Quarter 2010 Financial Results

For the first quarter 2010, Golden Minerals recorded a net loss of $7.0 million, which included among other items, $2.3 million in revenue net of associated costs for management services and interest and other income of $0.7 million, more than offset by expenses including $3.2 million of exploration expense, $2.5 million of expense related to El Quevar feasibility study work and $2.3 million of administrative expense.

At March 31, 2010, Golden Minerals’ aggregate cash and short-term investments totaled $45.9 million, which included $13.0 million in net proceeds from private placements of common stock and $27.6 million in net proceeds from a public offering of common stock, each of which was completed in the first quarter. The March 31, 2010 amount includes $40.6 million of cash and cash equivalents and $5.3 million in short term investments comprised of US treasury securities. At December 31, 2009, the Company’s cash and short-term investments totaled $9.0 million.

In January 2010, the Company acquired Hochschild Mining Group’s (“Hochschild”) 35% interest in certain portions of the El Quevar project in exchange for 400,000 shares of the Company’s common stock and a warrant to acquire 300,000 shares of its common stock exercisable for three years at an exercise price of $15.00 per share. The Company now owns or controls 100% of the 66,000 hectare El Quevar project, including the Yaxtché deposit on which a feasibility study is being conducted.

Also in January 2010, the Company completed a private placement of 844,694 shares of its common stock to two investment funds managed by The Sentient Group (“Sentient”) at a purchase price of Cdn$7.06 per share, resulting in net proceeds to the Company of approximately $5.5 million.

On March 24, 2010 the Company completed a public offering of 4,000,000 shares of common stock at an offering price of $8.50 per share. The Company sold 3,652,234 shares and a selling stockholder sold 347,766 shares. Concurrent with the public offering, Sentient exercised its existing pre-emptive right and purchased in a private placement pursuant to Regulation S under the U.S. Securities Act of 1933 an additional 905,065 shares of common stock at the public offering price of $8.50 per share. The aggregate net proceeds to the Company from the sale of the shares in the public offering and the sale of the shares to Sentient was approximately $35.1 million.

For the remaining nine months of 2010, Golden Minerals expects to spend up to approximately $27.0 million on completion of a feasibility study on El Quevar, including construction of an underground drift and related infrastructure, $6.5 million on targeted exploration projects in Mexico, Argentina and Peru, $3.0 million on generative

exploration projects and property holding costs and $6.5 million on general and administrative costs. The Company plans to fund these expenditures from existing cash and investment balances and from approximately $4.5 million of net cash flow from management services and $1.0 million in royalties and other income.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its pipeline of exploration projects in Latin America and in managing the San Cristobal mine in Bolivia. The Company has a portfolio of 30 exploration projects, including the feasibility stage El Quevar project in the Salta Province of northwestern Argentina, and advanced stage drilling projects in Mexico and Peru. The Company’s experienced management team has proven in-house ability to explore, develop and operate mining projects.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the anticipated expenditures during the remainder of 2010 on the El Quevar feasibility study, targeted and generative exploration, property holding costs, and general and administrative costs. These statements are subject to risks and uncertainties, including results of exploration; whether continued exploration results will support engineering and other feasibility work on El Quevar; changes in geological interpretations, including the interpretations regarding the westward extension, continuity and strike length of the Yaxtché deposit, including changes resulting from additional drilling, exploration or feasibility work; whether exploration results will be indicative of future exploration results; delays in construction of the drift at El Quevar, feasibility study work, exploration at targeted projects and generative exploration, uncertainties regarding whether the results of additional exploration at the Company’s projects or feasibility work at El Quevar will be positive; unexpected increases in costs of materials and supplies used in exploration activities; fluctuations in silver and other metal prices; technical and permitting issues; title problems; and the ability and success of the Company to continue raising adequate capital and implementing its plans. Golden Minerals Company assumes no obligation to update this information. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K for the year ended December 31, 2009.

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company

Jerry W. Danni

(303) 839-5060

Sr. Vice President, Corporate Affairs

SOURCE: Golden Minerals Company

GOLDEN MINERALS COMPANY

CONSOLIDATED BALANCE SHEETS

(Expressed in United States dollars)

(Unaudited)

	March 31,			December 31,
	2010			2009
	(in thousands, except share data)
Assets
Current assets
Cash and cash equivalents	$	40,618		$	8,570
Investments	5,270			444
Trade receivables	90			1,460
Prepaid expenses and other assets	1,448			2,087
Total current assets	47,426			12,561
Property, plant and equipment, net	7,904			7,774
Assets held for sale	700			813
Prepaid expenses and other assets	502			552
Total assets	$	56,532		$	21,700
Liabilities and Equity
Current liabilities
Accounts payable and other accrued liabilities	$	3,469		$	2,428
Other current liabilities	63			63
Total current liabilities	3,532			2,491
Other long term liabilities	640			651
Total liabilities	4,172			3,142
Equity
Common stock, $.01 par value, 50,000,000 shares authorized; 9,040,608 and 3,238,615 shares issued and outstanding	90			32
Additional paid in capital	79,719			37,854
Accumulated deficit	(27,315		)	(20,276		)
Accumulated other comprehensive income (loss)	(134		)	154
Parent company’s shareholder’s equity	52,360			17,764
Noncontrolling interest in subsidiaries	—			794
Total equity	52,360			18,558
Total liabilities and equity	$	56,532		$	21,700

GOLDEN MINERALS COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Expressed in United States dollars)

(Unaudited)

				For The Period			For The Period
	Three Months			March 25, 2009			January 1, 2009
	Ended			Through			Through
	March 31, 2010			March 31, 2009			March 24, 2009
	(Successor)						(Predecessor)
	(in thousands, except share data)
Revenue:
Management service fees	$	3,173		$	211		$	1,350
Costs and expenses:
Costs of services	(1,617		)	(80		)	—
Exploration expense	(3,226		)	(448		)	(3,482		)
El Quevar feasibility	(2,469		)	—			—
Administrative expense	(2,296		)	(352		)	(4,779		)
Stock based compensation	(522		)	—			(2,717		)
Depreciation, depletion and amortization	(109		)	(9		)	(102		)
Total costs and expenses	(10,239		)	(889		)	(11,080		)
Loss from operations	(7,066		)	(678		)	(9,730		)
Other income and expenses:
Interest and other income	683			124			1,010
Royalty income	—			—			88
Interest and other expense	(126		)	—			(345		)
Gain (loss) on foreign currency	13			—			(13		)
Gain on extingushment of debt	—			—			248,165
Loss on auction rate securities	—			—			(828		)
Reorganization costs, net	—			(103		)	(3,683		)
Fresh start accounting adjustments	—			—			9,122
Total other income and expenses	570			21			253,516
Income (loss) from continuing operations before income taxes	(6,496		)	(657		)	243,786
Income taxes	(543		)	(26		)	(165		)
Net income (loss) from continuing operations	(7,039		)	(683		)	243,621
Loss from discontinued operations	—			—			(4,153		)
Net income (loss)	$	(7,039	)	$	(683	)	$	239,468
Income attributable to noncontrolling interest	—			—			(7,869		)
Net income (loss) attributable to the Successor/Predecessor shareholders	$	(7,039	)	$	(683	)	$	231,599
Other comprehensive income (loss):
Unrealized gain (loss) on securities	$	(288	)	$	—		$	940
Comprehensive income (loss) attributable to Successor/Predecessor shareholders	$	(7,327	)	$	(683	)	$	232,539
Net income (loss) per Common/Ordinary Share – basic
Income (loss) from continuing operations attributable to the Successor/Predecessor shareholders	$	(1.57	)	$	(0.23	)	$	4.13
Loss from discontinued operations attributable to the Successor/Predecessor shareholders	—			—			(0.20		)
Income (loss) attributable to the Successor/Predecessor shareholders	$	(1.57	)	$	(0.23	)	$	3.93
Net income (loss) per Common/Ordinary Share – diluted
Loss from continuing operations attributable to the Successor/Predecessor shareholders	$	(1.57	)	$	(0.23	)	$	(0.06	)
Loss from discontinued operations attributable to the Successor/Predecessor shareholders	—			—			(0.17		)
Loss attributable to the Successor/Predecessor shareholders	$	(1.57	)	$	(0.23	)	$	(0.23	)
Weighted average Common Stock/Ordinary Shares outstanding - basic	4,497,126			2,987,735			59,000,832
Weighted average Common Stock/Ordinary Shares outstanding - diluted	4,497,126			2,987,735			69,171,400

EX-99.2 3 a11-10764_1ex99d2.htm EX-99.2

EXHIBIT 99.2

GOLDEN MINERALS REPORTS SECOND QUARTER 2010

GOLDEN, CO — (MARKETWIRE) — August 5, 2010 — Golden Minerals Company (“Golden Minerals” or the “Company”) (NYSE Amex: AUMN) (TSX: AUM) announces results for the second quarter 2010.

Second Quarter 2010 Financial Results

For the second quarter 2010, Golden Minerals recorded a net loss of $3.6 million, which included among other items, $7.0 million in revenue net of associated costs for management services, offset by $2.9 million of exploration expense, $3.5 million of expense related to El Quevar feasibility study work and $2.1 million of administrative expense.

At June 30, 2010, Golden Minerals’ aggregate cash and short-term investments totaled $39.8 million, which includes $33.8 million of cash and cash equivalents and $6.1 million in short term investments consisting of US treasury securities. At March 31, 2010, the Company’s cash and short-term investments totaled $45.9 million.

Effective June 30, 2010, Golden Minerals and Sumitomo agreed to terminate the San Cristóbal Management Agreement six months earlier than provided by the terms of the agreement. As a result of the termination of the Management Agreement the Company received a net payment from Sumitomo of $3.2 million.

For the remaining six months of 2010, Golden Minerals expects to spend up to approximately $19.0 million on completion of a feasibility study on the El Quevar project, including construction of an underground drift and related infrastructure, $4.0 million to fund targeted exploration projects in Mexico, Argentina and Peru, $2.0 million on generative exploration projects and property holding costs and $3.5 million on general and administrative costs. The Company plans to fund these expenditures from existing cash and investment balances.

Exploration Update

During the second quarter and first six months of 2010, Golden Minerals continued to advance the El Quevar project in northwestern Argentina. Additional drilling was completed, primarily focused on extending and further defining the strike extensions of the high grade Yaxtché deposit and on providing infill drill intercepts to support and update resource estimations. The Yaxtché deposit remains open along strike, both to the east and to the west under a post mineral cover, and up and down dip. Through July 27, 2010, the Company has drilled a total of 242 holes totaling approximately 50,000 meters at the El Quevar project, which includes 22 holes drilled during the second quarter of 2010, totaling approximately 6,350 meters and 39 holes drilled during the first six months of 2010, totaling approximately 10,930 meters.

The Yaxtché deposit is one of 13 targets identified to date at the El Quevar project. Results from an initial drill program previously were reported for the Quevar Norte area, located three kilometers north of the Yaxtché deposit, where three of the six holes drilled intersecting silver mineralization of greater than 100 grams per tonne, including

Hole QND-002, which averaged 1,289 grams per tonne over an intercept of 28 meters. Drilling is now underway at the Mani target, located southwest of the Yaxtché deposit.

The Company commenced construction of a production quality underground development drift and related infrastructure at the Yaxtché deposit, with the intention of accessing the deposit from underground as part of the feasibility study currently underway. The feasibility study is expected to be completed by the end of 2010.

In addition to the El Quevar Project, Golden Minerals continued to advance exploration programs in Mexico and Peru. At the Zacatecas project in Mexico, an initial 24 hole drill program, totaling 5,900 meters, was completed at the Panuco target located in the northern part of the project. Results previously reported indicated significant intercepts of high grade silver mineralization with gold values in epithermal veins. Hole PA-24, which was the last hole drilled in the initial drill program, contained silver values from trace up to 1,220 grams per tonne and gold values from trace to 2.47 grams per tonne, with a 3.14 meter intercept of 386 grams per tonne of silver and 0.27 grams per tonne of gold.

The Company also completed an initial drill test consisting of approximately 3,000 meters in nine holes at the San Pedro de Hercules target in the southern part of the Zacatecas project, and were successful in intercepting veins and mineralized zones, including 1.0 meter averaging 0.186 grams per tonne gold, 1,200 grams per tonne silver, 2.17% zinc and 0.77% lead in hole PJ-10-03; 0.8 meters averaging 0.46 grams per tonne gold, 317 grams per tonne silver, 1.47% copper, 0.95% zinc and 1.45% lead in hole PJ-10-06; and 3.47 meters containing 1.41 grams per tonne gold and 121 grams per tonne silver, 0.39% lead and 0.5% zinc in hole PJ 10-09, the most recent hole. Drilling is currently underway at the El Cristo target in the central part of the Zacatecas project, which is directly northeast of the Veta Grande silver vein system.

Permit approvals have been received for exploration programs at the Matehaupil and La Pinta projects in Zacatecas, Mexico. Drill roads and platforms are now being constructed with an initial 12 hole drill program scheduled to be underway by early August at Matehuapil. Drilling is planned to begin in August at La Pinta which is approximately six kilometers south of Goldcorp’s Peñaquito Mine and about 47 kilometers north of Goldcorp’s Camino Rojo discovery

A total of approximately 3,000 meters of drilling in twenty holes was completed at the Palca project in southern Peru, where the Company intersected silver and base metal mineralization in five different veins, including 1.1 meters containing 18.5 grams per tonne silver, 2.18% lead and 1.7% zinc in hole PA-001; 1.2 meters averaging 30 grams per tonne silver, 1.51% lead and 2.7% zinc in hole PA-003; 4.2 meters averaging 0.65 grams per tonne gold, 0.25% lead and 2.58% zinc in drill hole PA-004 on the Quilca vein; and 13.25 meters averaging 0.33 grams per tonne gold, 0.57% lead and 2.44% zinc in hole PA-011 on the Dina vein.

All drill assays and intercepts for the holes at the El Quevar project, the Zacatecas project, San Pedro de Hercules target and the Palca project, for which we have received and verified results, will be available at http://www.goldenminerals.com/.

Review by Qualified Person, Quality Control and Reports

Results of the Company’s drilling program have been reviewed, verified, and compiled under the direction of the Company’s Senior Vice President of Exploration, Robert Blakestad, M.Sc., P.Geo, L.P.G., a Qualified Person for the purpose of NI 43-101. Mr. Blakestad has over 35 years of mineral exploration experience, is a Professional Geoscientist registered in Nova Scotia and a Licensed Professional Geologist in the state of Washington.

Drill intercept lengths are down-hole lengths reflecting apparent with true widths ranging from 80% to 95% of the reported down-hole lengths widths of mineralization.

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory. Prepared samples are direct-shipped to ISO 9001:2001 certified laboratories. Pulp splits of mineralized intervals are re-assayed at certified independent referee laboratories.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its pipeline of exploration projects in Mexico and South America. The Company has a portfolio of 30 exploration projects, including the feasibility stage El Quevar project in the Salta Province of northwestern Argentina, and advanced stage drilling projects in Mexico and Peru. The Company’s experienced management team has proven in-house ability to explore, develop and operate mining projects.

Forward-Looking Statements

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company

Jerry W. Danni

(303) 839-5060

Executive Vice President

SOURCE: Golden Minerals Company

GOLDEN MINERALS COMPANY

CONSOLIDATED BALANCE SHEETS

(Expressed in United States dollars)

(Unaudited)

	June 30,			December 31,
	2010			2009
	(in thousands, except share data)
Assets
Current assets
Cash and cash equivalents	$	33,764		$	8,570
Investments	6,065			444
Trade receivables	91			1,460
Prepaid expenses and other assets	1,969			2,087
Total current assets	41,889			12,561
Property, plant and equipment, net	9,343			7,774
Assets held for sale	538			813
Prepaid expenses and other assets	588			552
Total assets	$	52,358		$	21,700
Liabilities and Equity
Current liabilities
Accounts payable and other accrued liabilities	$	2,357		$	2,428
Other current liabilities	63			63
Total current liabilities	2,420			2,491
Other long term liabilities	626			651
Total liabilities	3,046			3,142

Commitments and contingencies
Equity
Common stock, $.01 par value, 50,000,000 shares authorized; 9,271,286 and 3,238,615 shares issued and outstanding	93			32
Additional paid in capital	80,225			37,854
Accumulated deficit	(30,945		)	(20,276		)
Accumulated other comprehensive income (loss)	(61		)	154
Parent company’s shareholder’s equity	49,312			17,764
Noncontrolling interest in subsidiaries	—			794
Total equity	49,312			18,558
Total liabilities and equity	$	52,358		$	21,700

GOLDEN MINERALS COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Expressed in United States dollars)

(Unaudited)

										For The Period			For The Period
	Three Months Ended						Six Months			March 25, 2009			January 1, 2009
	June 30						Ended			Through			Through
	2010			2009			June 30, 2010			June 30, 2009			March 24, 2009
	(Successor)												(Predecessor)
	(in thousands, except share data)
Revenue:
Management service fees	$	7,945		$	3,147		$	11,118		$	3,358		$	1,350
Costs and expenses:
Costs of services	(918		)	(1,004		)	(2,535		)	(1,084		)	—
Exploration expense	(2,912		)	(3,021		)	(6,138		)	(3,469		)	(3,482		)
El Quevar feasibility	(3,504		)	—			(5,973		)	—			—
Administrative expense	(2,131		)	(2,980		)	(4,427		)	(3,336		)	(4,779		)
Stock based compensation	(778		)	(609		)	(1,300		)	(609		)	(2,717		)
Depreciation, depletion and amortization	(335		)	(143		)	(444		)	(152		)	(102		)
Total costs and expenses	(10,578		)	(7,757		)	(20,817		)	(8,650		)	(11,080		)
Loss from operations	(2,633		)	(4,610		)	(9,699		)	(5,292		)	(9,730		)
Other income and expenses:
Interest and other income	(8		)	166			675			290			1,010
Royalty income	159			127			159			127			88
Interest and other expense	(153		)	—			(279		)	—			(345		)
Loss on sale of asset	—			(180		)	—			(180		)	—
Gain (loss) on foreign currency	(1		)	90			12			94			(13		)
Gain on extingushment of debt	—			—			—			—			248,165
Loss on auction rate securities	—			(1,332		)	—			(1,332		)	(828		)
Reorganization costs, net	—			(565		)	—			(668		)	(3,683		)
Fresh start accounting adjustments	—			—			—			—			9,122
Total other income and expenses	(3		)	(1,694		)	567			(1,669		)	253,516
Income (loss) from continuing operations before income (taxes) benefit	(2,636		)	(6,304		)	(9,132		)	(6,961		)	243,786
Income taxes	(994		)	(187		)	(1,537		)	(213		)	(165		)
Net income (loss) from continuing operations	(3,630		)	(6,491		)	(10,669		)	(7,174		)	243,621
Income (loss) from discontinued operations	—			—			—			—			(4,153		)
Net income (loss)	$	(3,630	)	$	(6,491	)	$	(10,669	)	$	(7,174	)	$	239,468
Net (income) loss attributable to noncontrolling interest	—			$	—		—			$	—		$	(7,869	)
Net income (loss) attributable to the Successor/Predecessor shareholder’s	$	(3,630	)	$	(6,491	)	$	(10,669	)	$	(7,174	)	$	231,599
Other comprehensive loss:
Unrealized gain (loss) on securities	73			826			(215		)	$	826		$	940
Comprehensive income (loss) attributable to Successor/Predecessor shareholder’s	$	(3,557	)	$	(5,665	)	$	(10,884	)	$	(6,348	)	$	232,539
Net income (loss) per Common/Ordinary Share – basic
Income (loss) from continuing operations attributable to the Successor/Predecessor shareholders	$	(0.41	)	$	(2.17	)	$	(1.59	)	$	(2.40	)	$	4.13
Discontinued operations attributable to the Successor/Predecessor shareholders	—			—			—			—			(0.20		)
Income (loss) attributable to the Successor/Predecessor shareholders	$	(0.41	)	$	(2.17	)	$	(1.59	)	$	(2.40	)	$	3.93
Net income (loss) per Common/Ordinary Share – diluted
Income (loss) from continuing operations attributable to the Successor/Predecessor shareholders	$	(0.41	)	$	(2.17	)	$	(1.59	)	$	(2.40	)	$	(0.06	)
Discontinued operations attributable to the Successor/Predecessor shareholders	—			—			—			—			(0.17		)
Income (loss) attributable to the Successor/Predecessor shareholders	$	(0.41	)	$	(2.17	)	$	(1.59	)	$	(2.40	)	$	(0.23	)
Weighted average Common Stock/Ordinary Shares outstanding - basic	8,900,648			2,987,735			6,711,052			2,987,735			59,000,832
Weighted average Common Stock/Ordinary Shares outstanding - diluted	8,900,648			2,987,735			6,711,052			2,987,735			69,171,400

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