Each one in plain English, with the numbers worked through for a shareholder.
6 Dec 2018capital raising announcement▲ GoodMajor
Closed the Realty Advisors investment: $4.5M for 3 million shares, approved by shareholders and NYSE, giving Realty Advisors 59.6% and a deemed change of control -- proceeds earmarked for overdue payables and the first of a four-well drilling program.
New Concept Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
New Concept Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
21 June 2018capital raising announcement▲ GoodMajor
Lined up a fix: Realty Advisors, a related party already holding a small stake and sharing an officer with the company, agreed to buy 3 million new shares for $4.5M pending a shareholder vote -- echoing the 2008 URC Energy rescue that cured the last listing crisis.
A decade after the AMEX brush with delisting, New Concept Energy again fell short of listing standards -- this time NYSE American, citing just $0.6M in stockholders' equity and losses in three of the last four years.
New Concept Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
New Concept Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
New Concept Energy, Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).