30 Dec 2019listing compliance notice▼ BadMajor
Flagship Global Corp terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 July 2018material agreement▲ GoodMajor
The company announced that its subsidiary Cobalt Coal LLC reached an agreement with the Steinman Corporation to acquire full ownership of the mineral rights for its current coal mining leases in Dickenson County, Virginia. Cobalt is a member of Clinchco Met Coal Corporation, which is 90% owned by Gem Holdings US Corporation, a 100% subsidiary of Gem Holdings Limited, of which Flagship owns 57.5%. The filing gives no price or closing date.
16 May 2018asset acquisition disposition● NeutralMajor
On May 10, 2018 the company completed the purchase of a 57.5% majority interest in GEM Holdings Ltd., which mines high grade metallurgical coal in Virginia, USA, a new business for what had been a shell controlled by Gary Richard Brown. It agreed to issue 101,759,583 new shares to GEM's shareholders, and the filing says Steven Moscicki and David Winduss now collectively control 70% of the shares, so existing holders are diluted and control has changed.
15 July 2016capital raising announcement● NeutralMajor
The company changed its name from NL One Corporation to Flagship Global Corporation and its ticker from NLLN to FGCN, and did a 1-for-8 reverse stock split effective June 17, 2016. Shares outstanding fell from 348,890,000 to 43,611,250, with Stansbridge (owned by Gary Richard Brown) holding about 40,501,000. Each shareholder's percentage stake is unchanged by the split; authorised shares and par value stayed the same.
19 May 2016business combination● NeutralMajor
Thomas DeNunzio sold control of the company (then named NL One Corporation) to Stansbridge Limited on May 11, 2016: 324,008,000 shares, about 92.87% of the stock, with 9,497,500 more shares going to Diane Margaret Antonia-Lipman, for $345,000. The filing says Jeffrey DeNunzio and Paul Moody resigned as officers and Gary Richard Brown (who owns 100% of Stansbridge) was appointed CEO, CFO, President and director, effective 10 days after the statement is mailed. It confirms the earlier ownership filings; no shareholder vote is required.
26 Aug 2014listing compliance notice▼ Bad
Flagship Global Corp withdrew a registration statement, abandoning the offering it covered.