23 Mar 2009listing compliance notice▼ Bad
Trimerica Energy Corp withdrew a registration statement, abandoning the offering it covered.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2009asset acquisition disposition● Neutral
An amended filing repeating the Treaty Petroleum reverse merger and adding a business description and risk factors. It states the company owns a 100% working interest and a 68% revenue interest in two Crockett County, Texas oil leases with four oil wells and one water disposal well. The earlier March 2009 filing said 70% royalty interest, so the percentage differs. It again gives December 12 as the agreement date (the original filing said December 24) and says Treaty agreed to assume the $500,000 of debt. It states pro forma statements are omitted because the old Alternate Energy assets were spun off before the merger. The text repeats 2008 and 2007 net losses of $241,514 and $183,350 and the need for substantial additional financing.
12 Mar 2009asset acquisition disposition● NeutralMajor
This follow-up filing, under the new name Treaty Energy Corporation (symbol changed from ARGY to TECO), completes the Treaty Petroleum reverse merger and includes the business description. The company says it holds a 100% working interest and 70% royalty interest in two oil leases in Crockett County, Texas with four oil wells, and that the old Alternate Energy assets were spun off before the merger. It reports net losses of $241,514 for 2008 and $183,350 for 2007, and says it needs substantial extra financing and is evaluating strategic alternatives. Note that this filing says Treaty agreed to assume the $500,000 of debt and gives December 12 as the agreement date, while the earlier filing gave December 24 as the date.
31 Dec 2008material agreement● NeutralMajor
On December 24, 2008 the company completed a merger in which Treaty Petroleum Inc., a Texas oil and gas company, merged with a subsidiary of the company. Treaty is to pay $500,000 of the company's debts and management forgives $449,392. The company will reverse-split its shares 8.032633:1 and then issue 414,000,000 new shares to Treaty's shareholders, which will heavily dilute existing holders. Treaty is described as owning 743 acres in an established field, 116 acres of which are proven productive. The old board (Blaine Froats, Sean Froats, Jack Wasserman) resigned and Rhonda Hyatt (president), David Hallin and Gary Dunham took over. This moves the company from the heat-to-power technology business into oil and gas.
16 May 2008late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
31 Mar 2008late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its annual report would be filed late.
11 Feb 2008auditor change▼ Bad
On February 7, 2008 the board dismissed Danziger Hochman Partners LLP as auditor and hired McElravy, Kinchen & Associates, PC to audit the 2007 financial statements. Danziger's reports for 2005 and 2006 both included a 'going concern' warning, and the filing reports no disagreements.
14 Nov 2007late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
24 July 2007director interest notice● Neutral
Trimerica Energy Corp Vice President of Operations Sean Froats sold 125,000 shares at $0.06.
15 May 2007late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
2 Apr 2007late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its annual report would be filed late.
16 May 2006late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
19 Jan 2006securities registration● Neutral
Trimerica Energy Corp amended a filing by which it registered a small-business securities offering with the SEC.
16 Sept 2005material agreement● Neutral
An amended version of the March 2005 convertible note report. The one change shown is that the Class B warrants now carry a fixed price of $0.276 per share, instead of 70% of the recent average closing bid price. The $1.5 million notes and other terms are otherwise as before.
14 Sept 2005securities registration● Neutral
Trimerica Energy Corp amended a filing by which it registered a small-business securities offering with the SEC.
10 June 2005securities registration● Neutral
Trimerica Energy Corp amended a filing by which it registered a small-business securities offering with the SEC.
26 May 2005director interest notice● Neutral
Trimerica Energy Corp CEO Blaine Froats bought 10,000 shares on the open market at $0.28.
21 Apr 2005securities registration● Neutral
Trimerica Energy Corp registered a small-business securities offering with the SEC.
15 Mar 2005material agreement● NeutralMajor
On March 2, 2005 the company sold $1,500,000 of 6% convertible notes to investors in a private placement. The notes convert at 70% of the recent average bid price, with a floor of $0.15 and ceiling of $0.35 per share. The deal includes Class A warrants at $0.40 and Class B warrants for up to a further $1.5 million of shares, plus warrants for the placement agent Westor Online. This brings in cash but could dilute shareholders if the notes and warrants are converted or exercised.
16 Nov 2004late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
18 Mar 2004securities registration● Neutral
Trimerica Energy Corp registered a small-business securities offering with the SEC.
17 Mar 2004substantial holder notice● Neutral
Blaine Froats, Sean Froats, Marilyn Froats, AEC I, Inc. disclosed a new substantial Trimerica Energy Corp shareholding (45.60% of votes).
16 Mar 2004director interest notice● Neutral
Blaine Froats became a Trimerica Energy Corp Chief Executive Officer and company insider (initial ownership filing).
16 Mar 2004director interest notice● Neutral
Sean Froats became a Trimerica Energy Corp Secretary and company insider (initial ownership filing).
18 Feb 2004director interest notice● Neutral
Jason Corbee Dutchburn became a Trimerica Energy Corp President, COO and company insider (initial ownership filing).
18 Feb 2004director interest notice● Neutral
Lyle Barry Goodis became a Trimerica Energy Corp Executive Vice President and company insider (initial ownership filing).
28 Nov 2003director interest notice● Neutral
Trimerica Energy Corp Executive Vice President Lyle Barry Goodis sold 7,000 shares.
28 Nov 2003director interest notice● Neutral
Trimerica Energy Corp President & COO Jason Corbee Dutchburn sold 7,000 shares.
14 Nov 2003late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
13 Nov 2003director interest notice● Neutral
Trimerica Energy Corp Executive Vice President Lyle Barry Goodis sold 7,000 shares.