Altisource Asset Management

Altisource Asset Management Corp. operates as an alternative lending company. The firm provides liquidity and capital to under-served markets. It assess opportunities which potentially be of long-term benefit to shareholders such as Crypto-ATMs. The company was founded on March 15, 2012 and is headquartered in Christiansted, Virgin Islands.

Earnings data Q3 2020

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Earnings data Q2 2024

Altisource Asset Management reports Q4 improvement and eyes growth opportunities

Altisource Asset Management (AAMC) showcased improved financial performance in Q4 and outlined strategic goals for Q1 2023. The company's unique approach to private credit products and strong demand from key players position it for future success.

Altisource Asset Management reports Q1 loss but eyes strategic growth

AAMC's Q1 2023 performance showed improved earnings despite a loss, with a focus on private credit products and pipeline development. The company is targeting specific revenue goals, operational efficiency, and customer satisfaction while emphasizing quick loan processes and institutional sales.

Altisource Asset Management (AAMC) unveils electric vehicle technology innovation

Altisource Asset Management (AAMC) showcased positive legal developments, highlighted a potential investment opportunity in electric vehicle technology, and presented the Alpha Control System's benefits for energy efficiency. The company's proactive approach to challenges and commitment to innovation position it well for future growth and shareholder value.

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CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--On May 31, 2024, Altisource Asset Management Corporation (the “Company”) received a notification letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) advising that the Company is not in compliance with the NYSE American continued listing standards set forth in Sections 1003(a)(ii) and (iii) of the NYSE American Company Guide given the reported stockholders' equity as of March 31, 2024, and losses from continuing operations a.

Altisource Asset Management Corporation Reports Receipt of Communications From NYSE American

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the following letter to shareholders: Dear Fellow Shareholders: From my perspective, one of the most important assets of AAMC is our interest in the EV Alpha Control System business. Our interest in the Alpha Control System could be worth zero or a considerable value, depending on our ability to execute the strategy. My task is to control expenditure.

Altisource Asset Management Corporation Letter to Shareholders

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress report for May 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023. Elements of the Commercial and Engineering reports are redacted to pr.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through May 2024

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress report for April 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023. Elements of the Commercial and Engineering reports are redacted to.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through April 2024

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress report for March 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023 (the “PTLA”). About AAMC AAMC is a private credit provider that orig.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through March 2024

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress report for February 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023 (the “PTLA”). About AAMC AAMC is a private credit provider that o.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through February 2024

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress report for January 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023 (the “PTLA”). About AAMC AAMC is a private credit provider that or.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through January 2024

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces that it has settled litigation with Luxor Capital Group, LP and related entities (collectively “Luxor”) in respect of the Company's Series A Convertible Preferred Stock (the “Preferred Shares”), as well as separate litigation with former AAMC director Nathanel Redleaf. Settlement Highlights Luxor surrenders all 144,212 of its Preferred Shares, th.

Altisource Asset Management Corporation Repurchases Preferred Shares in Global Settlement With Luxor Capital

Altisource Asset Management (NYSEMKT: AAMC ) stock is climbing higher on Thursday after the company posted an update on its legal battle with Blackrock (NYSE: BLK ) and PIMCO. A press release from Altisource Asset Management reveals progress on the case from a U.S. Virgin Islands Superior Court judge.

Why Is Altisource Asset Management (AAMC) Stock Up 24% Today?

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) reports a key development in its litigation seeking damages from Blackrock and PIMCO pending in the Superior Court of the U.S. Virgin Islands. On December 4, 2023, the trial judge ruled that six of the seven named Defendants are subject to the court's jurisdiction and that all of the Company's statutory and tort claims against those defendants are permitte.

Altisource Asset Management Corporation Reports Key Ruling in Blackrock and PIMCO Litigation

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces the resignation of Danya Sawyer, Chief Operating Officer of Alternative Lending Group, the Company's principal operating subsidiary. Ms. Sawyer, whose departure was effective December 1, 2023, also served as AAMC's interim Chief Executive Officer during the recent restructuring of the Company's loan business. “We appreciate Danya's excellent serv.

Altisource Asset Management Corporation Announces Departure of COO and Interim CEO Danya Sawyer

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces that on November 30, 2023, the Company received a written notice (the “Notice”) from the New York Stock Exchange (“NYSE” or the “Exchange”) that the NYSE would delist the Company's shares of common stock (the “Securities”) from the Exchange. NYSE Regulation staff has determined that the Company is no longer qualified for listing pursuant to Secti.

Altisource Asset Management Corporation Reports Receipt of Communications from NYSE

NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Altisource Asset Management Corporation (the “Company”) — ticker symbol AAMC —from the Exchange. NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1009(a) of the NYSE American Company Guide (the “Company Guide”) as the Company was unable to demons.

NYSE American to Commence Delisting Proceedings Against Altisource Asset Management Corporation (AAMC)

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CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces that the Board of Directors has elected to cancel the previously reported 2 for 1 common stock split and instead is proceeding with a 70% stock dividend. The Board also announces the promotion of Richard Rodick, previously Vice President, Finance, to Chief Financial Officer. Mr. Rodick succeeds previous CFO Stephen Krallman, who is resigning from.

Altisource Asset Management Corporation Reports a Stock Dividend in Lieu of a Stock Split and Appointment of New CFO

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announces the resignation of Chief Executive Officer, Jason Kopcak. “We remain committed to the mortgage space,” said Chairman of the Board Ricardo Byrd. “As the Board considers potential replacements, we have appointed Danya Sawyer, Chief Operating Officer of Alternative Lending Group, the Company's principal operating subsidiary, to serve as Interim CEO.

Altisource Asset Management Corporation Announces Departure of CEO

Altisource Asset Management (NYSEMKT: AAMC ) stock is taking a beating on Tuesday after releasing its earnings report for the second quarter of 2023. That report includes earnings per share of -$2.16 for the second quarter of the year.

Why Is Altisource Asset Management (AAMC) Stock Down 66% Today?

Altisource Asset Management Corporation (NYSE:AAMC ) Q2 2023 Results Conference Call August 14, 2023 4:15 PM ET Company Participants Danya Sawyer - Chief Operating Officer of Lending Operations Charles Frischer - Board Member William Erbey - Shareholder Operator Good day, and welcome to the AAMC Investor Call. Today's call is being recorded.

Altisource Asset Management Corporation (AAMC) Q2 2023 Earnings Call Transcript

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation Reports Second Quarter 2023 Results.

Altisource Asset Management Corporation Reports Second Quarter 2023 Results

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation to Host Second Quarter and 2023 Earnings Conference Call.

Altisource Asset Management Corporation to Host Second Quarter and 2023 Earnings Conference Call

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation Announces a Two-for-One Stock Split.

Altisource Asset Management Corporation Announces a Two-for-One Stock Split

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (NYSE: AAMC) announced today that the Supreme Court of the State of New York, Appellate Division, First Judicial Department issued a ruling in favor of the company that it did not breach any contractual obligation to redeem preferred shares held by Luxor Capital Group. The appellate court held that AAMC, "established its entitlement to summary judgment dismissing the complaint. In opposition [Luxor] fai.

Altisource Asset Management Corporation Announces Favorable Ruling from New York Appellate Court

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--In light of today's litigation settlement by JPMorgan Chase & Co. and given that AAMC is based in the U.S. Virgin Islands, the company issued the following statement: Altisource Asset Management Corporation (NYSE: AAMC) has had no known personal, financial or business interactions with the late Jeffrey Epstein, his estate, or business entities. John P. de Jongh, Jr., former AAMC chairman, last week voluntarily resigned from the company's.

AAMC Issues Statement Regarding JPMorgan Chase Settlement Involving Jeffrey Epstein

Altisource was for many years a cash shell company that traded at a discount to net cash as it slowly leaked value for almost a decade. The value proposition radically changed when a decision was made to hire CEO Jason Kopcak to use Altisource assets to create a low risk loan origination "flow" business. The company's wholesale loan origination platform is tracking far ahead of expectations. This became clear on the recent earnings call.

Altisource Growth Engine Is Way Ahead Of Expectations

Altisource Asset Management Corporation (NYSE:AAMC ) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Danya Sawyer - Chief Operating Officer Jason Kopcak - Chief Executive Officer Operator Good day, and welcome to the AAMC Investor Call. Today's conference is being recorded.

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