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NCRE: SEC Admin. Proceeding for severely delinquent Financials:
https://www.sec.gov/files/litigation/admin/2024/34-99660.pdf
$NCRE: Copper & ZINC
I can't believe this is a $191Milly marketcap on the ASX
Cmonnnnnnnnnnnnnnnnnnnnnnnnn
https://newcenturyresources.com/
https://d2loe5zrlfehgw.cloudfront.net/files/MST-Access-NCZ-Update-9Sep22.pdf
GO $NCRE
$NCRE: 8k out.... 2.4Milly Floater ! $NCRE - Colambda Technologies Sites Revenues Of Its Subsidiary, Job Aire Group https://t.co/sj9cWHnVic #stocks pic.twitter.com/K8lkiVkreM
With CoLambda !
GO $NCRE
$NCRE: Looks like we got ourselves a ReverseMERGER here
2.4Milly FLOATER
https://www.otcmarkets.com/stock/NCRE/security
Item 1.01 Entry into a Material Definitive Agreement.
On November 19, 2021, we entered into an agreement (the “Merger Agreement”) whereby Emissions Zero Module, Inc., a Wyoming company (“Emissions Zero”), would be merged (the “Merger”) into the Company. Our Board of Directors and our shareholders, by written consent of 75.71% of our Common Stock, approved the Merger Agreement, a name change and the election of new directors (“Director Nominees”) to be affected upon completion of the Merger.
The Merger Agreement requires us to submit the Merger and Name Change to Colambda Technologies, Inc. to the Financial Industry Regulatory Authority (“FINRA”) and promptly respond to any comments of FINRA. There is no assurance that the Merger will be consummated, and conditions precedent to the consummation of the Merger have not yet been completed.
The Merger Agreement may be terminated at any time prior to the Closing by the mutual agreement of the parties or if the Merger is not consummated within 60 days or if FINRA has not approved the Merger within 90 days after the date of the Merger Agreement.
If the Merger is consummated, the following will occur:
?the separate corporate existence of Emissions Zero will cease, and we will continue as the surviving corporation in the Merger,
?Emissions Zero’s business operations will become our business operations,
?we will change our name from New Century Resources Corporation to Colambda Technologies, Inc.,
?Emissions Zero’s officers and directors Kim Mitchell, David Riggs, Kent Hush, Sumit Isaranggul Na Ayudhya and Russell E Klawunn will replace our current officers and directors, George Christodoulou, Mark Christodoulou and Solon Pittarides.
At the Closing of the Merger, we are required to issue to Emissions Zero’s shareholders an aggregate of 110,695,500 Common Stock Shares representing 89.91% of all Common Stock outstanding. Additionally, Emissions Zero is required to deliver the sum of $105,000 to Robert J. Nielson and $105,000 to George Christodoulou, our President/Chief Executive Officer/Chief Financial Officer/Director, for shareholders advances. Emissions Zero previously delivered the sum of $25,000 to George Christodoulou and $25,000 to Robert J. Nielson for shareholder advances.
The Common Stock to be issued in the Merger is exempt from registration pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act of 1933, as amended (“Securities Act”), and are “restricted securities” pursuant to Securities Act Rule 144 and may not be offered, sold, pledged, assigned or otherwise transferred unless a registration statement with respect thereto is effective under the Securities Act and any applicable state securities laws or an exemption from such registration exists.
Because we are a “shell company” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the shares issued to the Emissions Zero’s stockholders that otherwise meet the holding period and other requirements of Rule 144 nevertheless cannot be sold in reliance on Rule 144 until one year after we (i) are no longer a shell company; and (ii) we have filed current “Form 10 information” (as defined in Rule 144(i)) with the SEC reflecting that we are no longer a shell company, and provided that at the time of a proposed sale pursuant to Rule 144, we are subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act and we have filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months (or for such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports.
If the Merger is completed, we intend to promptly file a Schedule 14F-1 pursuant to 17 CFR § 240.14f-1, Schedule 14C Information Statement, and Current Report on Form 8-K including the “Form 10 information” required by Items 2.01(f) and 5.01(a)(8) of Form 8-K and the financial statements required thereby.
Our common stock is currently not listed on a national securities exchange or any other exchange or quoted on an over-the-counter market on a solicited basis. For quotation of the Common Stock on a solicited basis, we plan to seek a market maker to submit a Form 211 to FINRA. We plan to seek to cause our common stock to be quoted on the OTC Markets on a solicited basis upon consummation of the Merger. However, we cannot assure you that we will be able to do so and, even if we do so, there can be no assurance that our common stock will continue to be quoted on the OTC Markets or quoted or listed on any other market or exchange, or that an active trading market for our common stock will develop or continue.
There is no assurance that we will successfully complete the Merger.
GO $NCRE
NCEYQ SEC Admin Proceeding for Financials / Filings delinquencies:
http://www.sec.gov/litigation/admin/2016/34-76940.pdf
hey man how are you doing?
I would love to additional information on this.
They are spending money like drunk indians down in Tilden Texas. They wiped out a bunch of small service companies and are still going strong. They are even drilling wells under a new name now. If you want, let me know I can get the facts for you pretty easy.
Nothing here for awhile. Its a shame whats happened. Whats the status with the properties? Still producing? Had such great potential.
Good luck!
Any news? I know they are BK but the shares are still in my account...
Yup,
DEAD....
Crap, that is not good at all. Oh well you win some and you loose some, it was a good fight.
JR, stockholders are dead.
The 8-K filing of March 3, 2009 says the company's assets will be sold to satisfy Laurus Master Fund's claim against the company.
As the 8-K filing reads, shareholders will be "cancelled and extinguised" on the date the court approves the plan.
Trueheart
Nothing huh? Darn.
I just left a message for DeStefano asking flat out if shareholders are wiped out.
I'll let you know the results.
Trueheart
someone felt like they needed 92k shares today
hummidy humm humm
well is it that time
to start getting frisky ;->
Would be nice to get this settled so that shareholders survive, Wisard.
DeStefano holds his card tightly to his chest.
Trueheart
looks like it
out of bk soon maybe?
anyone
.022? Something up?
You're welcome.
Trueheart
Thanks for the info. It was nice of you to share.
I just spoke with DeStefano. The company continues to be in bankrupty. He thought he had a deal done but one of the creditors balked so they're still in negotiations.
I asked him if the shareholders are likely to survive and he would not say yea or nay. He said the question depends on the outcome of the BK proceedings. (This is like chasing one's tail)
There will be a 10K issued in 2-3 weeks that will discuss the status of the bankruptcy. He said that oil production continues and will be discussed in the 10K.
Trueheart
I called DeStefano at the office. He was at lunch so I left a message asking for a return call regarding the status of the bankruptcy.
Julie is no longer there.
Trueheart
May it rest in peace for now.
just revisited this board LEI looked at it :( in the .60's now good buy?
On September 29, 2008, the Bankruptcy Court, approved the Stipulated Final Order Authorizing Use of Cash Collateral (the "Cash Collateral Order") for the period of July 28, 2008, the date the Company commenced its Chapter 11 cases (the "Petition Date"), to January 23, 2009 (the "Cash Collateral Use Period"), unless this Cash Collateral Use Period is terminated earlier pursuant to the terms of the Cash Collateral Order. Under this Cash Collateral Order, the Company is permitted to use cash collateral to pay the expenses set forth on the agreed budget through the period ending November 28, 2008 to pay the "Adequate Protection Payment" of $750,000 per month commencing September 15, 2008 and continuing during the term of the Cash Collateral Use Period to Laurus Master Fund Ltd. ("Laurus"). Commencing on September 15, 2008 and continuing during the term of the Cash Collateral Use Period. Also pursuant to the Cash Collateral Order, the Debtors committed to file a joint plan of reorganization on or before November 24, 2008. Laurus reserved the right to oppose the joint plan of reorganization on any grounds whatsoever.
Let's hope the reorganization let's them get back to business!
Hello OM, I hope you're doing well. Can you assist us here as to what this filing was for on the 21st?
ACCESSION NUMBER: 0001432093-08-000223
CONFORMED SUBMISSION TYPE: 10KSB/A
PUBLIC DOCUMENT COUNT: 5
CONFORMED PERIOD OF REPORT: 20071231
FILED AS OF DATE: 20081021
DATE AS OF CHANGE: 20081021
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: New Century Energy Corp.
CENTRAL INDEX KEY: 0001079797
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 931192725
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 10KSB/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28813
FILM NUMBER: 081133392
BUSINESS ADDRESS:
STREET 1: 1770 ST. JAMES PLACE
STREET 2: SUITE 380
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 7132664344
MAIL ADDRESS:
STREET 1: 1770 ST. JAMES PLACE
STREET 2: SUITE 380
CITY: HOUSTON
STATE: TX
ZIP: 77056
FORMER COMPANY:
FORMER CONFORMED NAME: VERTICA SOFTWARE INC/CA
DATE OF NAME CHANGE: 20000107
This was from the SEC webiste
This stock needs to come back to life. I miss it.
You're welcome, wisardd.
Trueheart
Yes, great news from Mr. D!! Thank goodness!! Whew!!
Roger that, Skunk.
Trueheart
responded to wrong post..this is the one I intended to respond to
Posted by: wisardd1 Date: Monday, October 13, 2008 7:22:03 PM
In reply to: Trueheart who wrote msg# 9697 Post # of 9700
That's good news! Thanks True
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
unless clarification of 'new form' is given it may or may not be good news for shareholders. 'new form' could be cancel stock and make the company private. That's happened too.
Skunk, you should give Mr. DeStefano a call. You may be able to get that definition you're looking for.
Trueheart
"he is working every day toward keeping the company intact but in some new form"
needs definition
That's good news! Thanks True
I spoke with Mr.DeStefano a while ago.
The company is still in bankruptcy proceedings and may be there until the end of the year as the case unfolds.
As to my specific question about shareholder survival he said he is working every day toward keeping the company intact but in some new form.
The company is still producing product, per Mr. D.
Trueheart
very slooooooooow!
Slow acting poison?
Trueheart
Think we get any action on Monday?
O.K...I get your strategy now...hope for a miracle or lose it all..that is sound investment thinking..LOL
The money in NCEYQ is spent.
Why argue as if it was in consideration for investing new money?
Finis.
Trueheart
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New Century Energy Corp, headquartered in Houston, TX, is anindependent oil and gas exploration and production company, withdaily net production to its working interest of approximately 750barrels of oil per day (Bopd) and 1.950 million cubic feet of gasper day (Mcfgpd). The Company's proved reserves as of December 31,2007 are 1,613,000 barrels of crude oil and 3.0 billion cubic feet(Bcf) of gas. The Company's major areas of operations are locatedonshore United States, primarily in Matagorda, McMullen, Goliad andWharton Counties in Texas.
During 2007, The Company's proved oil reserves increased by over88% due primarily to drilling success of new oil reserves in theMustang Creek Field area in McMullen County, Texas and favorablewell performance. Proved developed oil reserves now equal 1.3million barrels, and comprise 80% of the Company's 1.6 millionbarrels of total proved oil reserves.
The Company currently has approximately 20,700 gross acres and19,000 net acres of oil and gas leaseholds on shore inTexas..
Share Price: $.025 8/19/2008
52 Week High: $.74
52 Week Low: $.008
Share structure:
Authorized Shares: 200M
Outstanding Shares: 56,010,612 Verified by Trendfinder on 6/17/2008with the company
CEO - Edward R. DeStefano Owns 37,516,350 Shares
Promethean Industries, Inc. 5,595,460 Shares
2008 Reserve Report: http://www.newcenturyenergy.com/reservereport/ReserveReport2008.pdf
Headquarters:
New Century Energy Corp.
1770 St. James Place, Suite 380
Houston, Texas 77056
CEO - Edward DeStefano
Phone: 713-266-4344
Website -http://www.newcenturyenergy.com
Transfer Agent
Continental Stock Transfer & Trust Company
2 Broadway 19th Floor
New York, NY 10004
Phone: 212-509-4000
Fax: 212-732-4300
Email: stockagent@newcenturyenergy.com
New Century Energy's mission is to increase shareholder value byacquiring producing properties, profit from current drilling anddevelopment activities, and engage in opportunistic joint venturesthat can expand its development program and prospect base.
The Company Strives to:
Increase production and reserves by acquiring and exploitingreserves at an attractive costs.
Target under-exploited oil and gas properties for acquisition
Produce our reserves at the most economic and profitible rates,with rapid payback on capital invested.
Explore and develope reserves on our expanding acreageholdings.
Apply 3-D seismic and other state of the art technologies toincrease our drilling success rate.
Expand our exploration activities particularly for shallow gas andoil reserves in areas of our historical success..
Continue our stratigic joint venture activities with experiencedoil and gas exploration teams and technical specialists.
Our Business Strategy for 2008 & 2009
As a part of our corporate strategy, we expect to remain focused inthe following operational and project areas:
Remain focused in Texas Gulf Coast onshore region;
Acquire properties and proven reserves where we believed additionalvalue can be created through a combination of exploitation,development, exploration drilling and expanding marketingopportunities;
Acquire properties that give us a majority working interest andoperational control or where we believe we can ultimately obtainit;
Maximize the value of our properties by increasing production andreserves while reducing operating costs;
Maintain a highly experienced team of operations and explorationconsultants using state of the art 3D seismic technology to preparedetailed field geological studies; and
Develop drilling prospects and acquire acreage positions over newdrilling areas, for future drilling by the Company or farm out toqualified industry partners. In connection with this strategy, newprojects are being evaluated in Texas.
OPERATIONSSUMMARY:
http://www.newcenturyenergy.com/operations/
Revenue Estimate For Q2, FY 2008 - Per OptionMonster and BUDF0X
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