Founded in 2007, Mill City Ventures III, Ltd., is a specialty short-term finance company providing short-term non-bank lending primarily to small businesses, both private and public. Additional information can be found at www.millcityventures3.com.
Company profile
Ticker
MCVT
Exchange
Website
CEO
Douglas Michael Polinsky
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Deere John Capital • Encore Capital • PRA • Plumas Bancorp. • Nicholas Financial • Asta Funding • Eightco • PwrCor • Velocity Portfolio • No Borders ...
Former names
POKER MAGIC INC
SEC CIK
Corporate docs
IRS number
204709758
MCVT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
2 Apr 24
NT 10-K
Notice of late annual filing
2 Apr 24
8-K
Termination of a Material Definitive Agreement
25 Jan 24
10-Q
2023 Q3
Quarterly report
17 Nov 23
NT 10-Q
Notice of late quarterly filing
15 Nov 23
8-K
Submission of Matters to a Vote of Security Holders
6 Nov 23
DEF 14A
Definitive proxy
28 Sep 23
8-K
Other Events
11 Sep 23
S-8
Registration of securities for employees
23 Aug 23
10-Q
2023 Q2
Quarterly report
15 Aug 23
Latest ownership filings
SC 13D/A
Mill City Ventures III / Mill City Ventures III ownership change
4 Dec 23
SC 13D/A
GERACI JOSEPH ANTHONY II
1 Dec 23
SC 13D/A
POLINSKY DOUGLAS MICHAEL
1 Dec 23
SC 13D/A
Mill City Ventures III / Mill City Ventures III ownership change
30 Nov 23
4
LYLE BERMAN
8 Sep 23
4
LAURENCE S ZIPKIN
1 Sep 23
4/A
LAURENCE S ZIPKIN
1 Dec 22
4/A
JOSEPH ANTHONY GERACI II
1 Dec 22
4/A
DOUGLAS MICHAEL POLINSKY
1 Dec 22
4/A
HOWARD P LISZT
1 Dec 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 962.86 k | 962.86 k | 962.86 k | 962.86 k | 962.86 k | 962.86 k |
Cash burn (monthly) | 46.22 k | 74.90 k | 280.92 k | 346.41 k | 187.56 k | (no burn) |
Cash used (since last report) | 319.40 k | 517.56 k | 1.94 mm | 2.39 mm | 1.30 mm | n/a |
Cash remaining | 643.46 k | 445.30 k | -978.27 k | -1.43 mm | -333.16 k | n/a |
Runway (months of cash) | 13.9 | 5.9 | -3.5 | -4.1 | -1.8 | n/a |
Institutional ownership, Q3 2023
4.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 1 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 954.21 mm |
Total shares | 315.57 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
WFC Wells Fargo & Co. | 287.99 k | $878.38 mm |
Parsons Capital Management | 25.00 k | $68.75 mm |
Tower Research Capital | 2.57 k | $7.08 mm |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Sep 23 | Berman Lyle | Common Stock | Option exercise | Acquire M | No | No | 2.12 | 100,000 | 212.00 k | 315,556 |
6 Sep 23 | Berman Lyle | NQSO Common Stock | Option exercise | Acquire M | No | No | 2.12 | 100,000 | 212.00 k | 0 |
31 Aug 23 | Zipkin Laurence S | Common Stock | Option exercise | Acquire M | No | No | 2.12 | 100,000 | 212.00 k | 156,761 |
31 Aug 23 | Zipkin Laurence S | NQSO Common Stock | Option exercise | Dispose M | No | No | 2.12 | 100,000 | 212.00 k | 0 |
23 Nov 22 | Berman Lyle | Common Stock | Grant | Acquire A | No | No | 2.12 | 100,000 | 212.00 k | 315,556 |
23 Nov 22 | Howard P Liszt | Common Stock | Grant | Acquire A | No | No | 2.12 | 100,000 | 212.00 k | 125,434 |
23 Nov 22 | Geraci Joseph Anthony Ii | Common Stock | Grant | Acquire A | No | No | 2.12 | 250,000 | 530.00 k | 575,687 |