Past year: ▼ 19%(67.0c – 91.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Dec 2006asset acquisition disposition▲ Good
Settled a $3.1M debt owed to the family of the company's late CEO James Gilley by handing over two long-term housing revenue bonds and a smaller cash-flow interest, adding about $1M to net equity -- a step toward the AMEX capital shortfall flagged in August.
13 Nov 2006listing compliance notice● Neutral
AMEX accepted a compliance plan and extended the listing deadline to December 2007, but requires periodic progress updates and public disclosure of the ongoing shortfall.
28 Aug 2006listing compliance notice▼ BadMajor
AMEX warned the newly renamed CabelTel International -- now down to a shrunken remaining oil and real-estate portfolio after the CableTEL rescission -- that it falls below minimum shareholders'-equity listing standards, with a compliance plan due within a month.
15 Aug 2006late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its quarterly report would be filed late.
10 July 2006asset acquisition disposition▼ Bad
Sold the original 2003 Gaywood oil and gas leases (Gregg/Rusk Counties, East Texas) to the father-son operators who had been running them, for $1.7M cash plus notes -- closing out the company's first oil venture right after exiting CableTEL.
30 June 2006substantial holder notice● Neutral
Basic Capital Management, Inc., FEI No, TacCo Financial, Inc., FEI No, JRG Investment Co., Inc., FEI No, Gene E. Phillips reported a New Concept Energy, Inc. shareholding of 385,612 shares (39.47% of votes) in a periodic institutional filing.
29 June 2006asset acquisition disposition▼ BadMajor
Unwound the CableTEL acquisition entirely: the Finley/Phillips group took back Bulgaria's CableTEL and its funding obligations, the company received a $1.5M break-up fee and cancelled the preferred stock, and CEO Ron Finley resigned as the company agreed to drop 'cable' from its name.
15 May 2006late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its quarterly report would be filed late.
30 Mar 2006late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its annual report would be filed late.
10 Jan 2006substantial holder notice● Neutral
HKS INVESTMENT CORPORATION /, DAVID HENSEL, JOHN KELLAR, MARSHALL STAGG disclosed a new substantial New Concept Energy, Inc. shareholding (11.20% of votes).
4 Jan 2006director interest notice● Neutral
New Concept Energy, Inc. director Victor Lund sold 108,994 shares at $2.10.
4 Jan 2006director interest notice● Neutral
Hks Investment Corp became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
14 Nov 2005late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its quarterly report would be filed late.
31 Oct 2005financial restatement▼ BadMajor
SEC accounting staff overruled the company's 'reverse acquisition' treatment of the CableTEL deal, forcing a restatement that cuts previously reported 2004 total assets nearly two-thirds (from $50.5M to $16.9M) and shrinks the reported 2004 net loss from $2.2M to $0.9M.
15 Aug 2005late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its quarterly report would be filed late.
12 Aug 2005material agreement▼ Bad
Pushed back the deadline for putting the CableTEL preferred-to-common conversion to a shareholder vote by nine months, to June 2006 -- a sign the mandatory exchange was struggling to move forward.
17 May 2005late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its quarterly report would be filed late.
1 Apr 2005late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its annual report would be filed late.
29 Dec 2004asset acquisition disposition● Neutral
Filed a second amendment to the CableTEL acquisition 8-K, again restating the October 2004 terms with expanded unaudited financial disclosures.
28 Dec 2004asset acquisition disposition● Neutral
Refiled the October 2004 CableTEL acquisition as Amendment No. 1 to the original 8-K, restating the same terms with added detail -- no change to the deal itself.
23 Dec 2004director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner Warwick Summit Square INC disposed of 200,130 shares via option/appreciation-right settlement.
3 Nov 2004director interest notice● Neutral
Finley Ron became a New Concept Energy, Inc. Chief Executive Officer and company insider (initial ownership filing).
18 Oct 2004asset acquisition disposition▼ BadMajor
In a related-party stock swap, issued preferred stock to the Finley/Phillips group -- which already controlled roughly 20% of the company -- for indirect control of CableTEL, Bulgaria's largest cable-TV and telecom operator, with a planned mandatory conversion that would leave the four sellers owning about 89% of the company's common stock.
23 Sept 2004substantial holder notice● Neutral
Victor L. Lund Not Supplied disclosed a new substantial New Concept Energy, Inc. shareholding (11.20% of votes).
30 Mar 2004late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its annual report would be filed late.
11 Feb 2004auditor change● Neutral
Replaced auditor Grant Thornton with Farmer, Fuqua & Huff ahead of the 2003 audit; no disagreements over accounting principles were reported.
9 Jan 2004director interest notice● Neutral
Warrick Summit Square INC became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
7 Jan 2004director interest notice● Neutral
Warrick Summit Square INC became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
5 Jan 2004director interest notice● Neutral
New Concept Energy, Inc. President and CEO Gene S Bertcher bought 31,161 shares on the open market at $3.96.
19 Dec 2003director interest notice● Neutral
Beadle Roz Campisi became a New Concept Energy, Inc. director and company insider (initial ownership filing).
