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TOPIC: IRNS-Ironstone Group Inc.

IRNS-Ironstone Group Inc. 15 years 3 months ago #578

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[Interesting info on IRNS]
IRNS (OTCBB: 0.70x1.25) is controlled by William R. Hambrecht, of Hambrecht & Quist, a San Francisco-based investment banking and venture capital firm. Although IRNS is actively seeking appropriate business combination opportunities, it also is looking for investment opportunities for its remaining liquid assets.

They have been successful in their investments. Recently, they repurchased 745,536 shares of its outstanding common stock at $0.70 per share for an aggregate purchase price of $521,875 with investment proceeds.

IRNS’s “current’ investment has been in Salon Media Group, Inc. (SALN: OTCBB 0.03 x .06). SALN runs the www.salon.com website. William R. Hambrecht’s daughter became SALN’s CFO, Treasurer and Secretary in May 2003. Also, John E. Warnock, CEO of Adobe Systems (ADBE: NASDAQ $40) is a large investor in SALN, and recently purchased another $100,000 convertible promissory note and warrants.

Info on William R. Hambrecht

Info on John E. Warnock

IRNS Sec Filings

SALN Sec Filings

I own stock in both IRNS and SALN purchased on the open market.
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IRNS-Ironstone Group Inc. 15 years 3 months ago #536

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[IRNS-Ironstone Group Inc.]
Open for discussion.
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