17 Feb 2005director interest notice● Neutral
TransCoastal Corp 10%+ owner Elmira United Corporation bought 9,350,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Feb 2005director interest notice● Neutral
TransCoastal Corp director Thomas Michel bought 50,000 shares on the open market.
3 Jan 2005debt financing● Neutral
On December 28, 2004 the company borrowed another $150,000 from Elmira United Corporation, a 5% shareholder, on a 7% convertible note due December 28, 2007 and convertible at $0.40 per share. $96,000 is to repay notes owed to National Financial Corporation, a related party, and the rest is for working capital. This continues the pattern of shareholder-funded borrowing.
6 Oct 2004debt financing● Neutral
Between September 22 and October 5, 2004 the company borrowed $250,000 in total through four 7% convertible notes, including $50,000 from Elmira United Corporation, a 5% shareholder. The notes are due in 2007 and can be converted into shares at $0.40 each; the money is for working capital.
28 Apr 2004auditor change▼ Bad
On April 26, 2004, auditor KBA Group LLP (in place since February 2003) said it would not stand for re-election, and the company hired Whitley Penn. The filing says KBA's reports for both of the past two years carried a going-concern doubt paragraph, and no disagreements are reported.
2 Apr 2004director interest notice● Neutral
TransCoastal Corp director John C Willems III received a stock option grant for 15,000 shares.
2 Apr 2004director interest notice● Neutral
TransCoastal Corp director Jeffrey Black received a stock option grant for 5,000 shares.
1 Apr 2003late filing notice▼ Bad
TransCoastal Corp notified the SEC that its annual report would be filed late.
17 Mar 2003auditor change● Neutral
Less than a month later, on March 14, 2003, King Griffin & Adamson P.C. resigned so its successor entity KBA Group LLP could be engaged as auditor. King Griffin had issued no audit reports, and no disagreements are reported.
27 Feb 2003auditor change▼ Bad
The filings are signed as Claimsnet.com inc. (the company filing under the TransCoastal Corp record). On February 20, 2003 it dismissed its auditor Ernst & Young LLP, which had served since 1999, and hired King Griffin & Adamson P.C. The filing says E&Y's report on the most recent year included a going-concern doubt paragraph, and that there were no disagreements.
1 Apr 2002late filing notice▼ Bad
TransCoastal Corp notified the SEC that its annual report would be filed late.
25 Oct 2001securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
3 Oct 2001securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
22 Aug 2001securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
2 July 2001securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
23 May 2001substantial holder notice● Neutral
McKesson HBOC, Inc. disclosed a new substantial TransCoastal Corp shareholding (15.80% of votes).
4 May 2001securities registration● Neutral
TransCoastal Corp registered a securities offering with the SEC using its shelf eligibility.
2 Apr 2001late filing notice▼ Bad
TransCoastal Corp notified the SEC that its annual report would be filed late.
16 May 2000late filing notice▼ Bad
TransCoastal Corp notified the SEC that its quarterly report would be filed late.
8 Apr 1999securities registration● Neutral
TransCoastal Corp filed the final prospectus for a registered offering.
6 Apr 1999securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
2 Apr 1999securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
31 Mar 1999securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
25 Mar 1999securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
3 Mar 1999securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
19 Feb 1999securities registration● Neutral
TransCoastal Corp registered a securities offering with the SEC.
11 Dec 1998securities registration● Neutral
TransCoastal Corp filed the final prospectus for a registered offering.
10 Dec 1998securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.
9 Dec 1998listing compliance notice▼ Bad
TransCoastal Corp withdrew a registration statement, abandoning the offering it covered.
9 Dec 1998securities registration● Neutral
TransCoastal Corp amended a filing by which it registered a securities offering with the SEC.