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Ameritrans Capital Corp (AMTCQ)

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Last Post: 9/11/2020 8:32:44 AM - Followers: 5 - Board type: Free - Posts Today: 0

 
Ameritrans Capital was a closed-end investment company formed in 1998 to originate loans and make investments for both current income and capital appreciation. Through its subsidiary, Elk Associates Funding Corporation, it historically made loans to finance the acquisition and operation of small businesses as permitted by the Small Business Administration.

Ameritrans also made direct loans to and directly invested in opportunities that Elk had historically been unable to make due to SBA restrictions.  Ameritrans made loans which were primarily been secured by real estate mortgages or, in the case of corporate loans, generally were senior within the capital structure. The company focused its investments into four types of securities: 1) Corporate Loans Receivable; 2) Commercial Loans Receivable; 3) Life Insurance Settlements and 4) Equity Investments.
 
Elk stopped making new investments in 2012. On 10/31/12, Elk entered into a Settlement Agreement with the SBA pursuant to which Elk agreed to surrender its SBIC license. Elk also executed and delivered a Consent Order of Receivership appointing the SBA as permanent, liquidating receiver of Elk, to be filed by the SBA in the event that Elk failed to make payments.  On 4/25/13, the United Stated District Court for the Eastern District of New York entered the Consent Order, in the proceeding entitled United States of America, on behalf of its agency, the United States Small Business Administration v. Elk Associates Funding Corp. (Case No. 2:13-cv-01326). The Court appointed the SBA as the receiver of Elk for the purpose of liquidating all of Elk’s assets and satisfying the claims of creditors.
 
On 7/22/13, the company appointed Robert C. Ammerman as interim Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary. Ammerman is the Managing Member and co-founder of Capital Resource Partners, a Boston-based private equity firm established in 1987. Mr. Ammerman owned 122,736 shares of the 9 3/8% Cumulative Participating Preferred Stock (face value $12.00) and 31,607 shares of Common Stock. The Company also filed a Form 15 with the Securities and Exchange Commission to suspend the Company’s filing obligations pursuant to the Securities Exchange Act of 1934, as amended.

On 10/06/16, Ameritrans filed for bankruptcy under Chapter 7 in the United States Bankruptcy Court District of Massachusetts (Case No.16-bk-13842).
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PostSubject
#52   Thursday, September 10, 2020 db7 09/11/20 08:32:44 AM
#51   Docket last updated: 10 hours ago db7 08/21/20 10:48:27 AM
#50   Monday, August 10, 2020 db7 08/11/20 08:49:08 AM
#49   Tuesday, June 23, 2020 db7 06/24/20 07:04:27 AM
#48   Tuesday, June 16, 2020 db7 06/17/20 10:00:46 AM
#47   Thursday, June 11, 2020 db7 06/12/20 06:48:31 AM
#46   Tuesday, June 09, 2020 db7 06/10/20 06:32:44 AM
#45   Monday, June 01, 2020 db7 06/02/20 07:57:25 AM
#44   Friday, May 29, 2020 db7 05/30/20 08:28:13 AM
#43   Motion to Amend/Correct/Supplement Complaint, by U.S. Small Business Enterprising Investor 05/23/20 11:43:46 AM
#42   Order granting Motion to Adjourn Conference. On consent, Enterprising Investor 05/23/20 11:39:40 AM
#40   Notice of Appearance by Alan Braunstein on behalf Enterprising Investor 04/14/20 10:07:08 PM
#39   created a board for AMTPQ: https://investorshub.advfn.com/Ameritrans-Capital-Cor db7 01/10/20 11:10:57 AM
#38   Correct. The trustee and trustee’s counsel are having fee Enterprising Investor 01/03/20 11:06:21 AM
#37   do you know how much cash the receiver db7 01/03/20 11:00:38 AM
#36   U know something? db7 01/03/20 10:38:39 AM
#35   I know... Keep watching! Enterprising Investor 01/03/20 10:34:52 AM
#34   AMTPQ interesting ask action db7 01/03/20 10:34:00 AM
#33   AMERITRANS CAPITAL CORPORATION (AMTCQ) Enterprising Investor 12/27/19 09:09:12 PM
#32   AMERITRANS CAPITAL CORPORATION (AMTCQ) Enterprising Investor 12/26/19 10:39:25 PM
#31   Endorsed Order Re: 226 Joint Motion filed by Enterprising Investor 11/17/19 10:22:17 PM
#30   Settlement Agreement by Trustee John O. Desmond and Enterprising Investor 09/20/19 10:55:14 PM
#29   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 07/24/19 05:57:34 PM
#28   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 07/16/19 04:33:38 PM
#27   Adversary case 19-01069. Complaint by XL Specialty Insurance Enterprising Investor 07/09/19 06:56:19 AM
#26   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 07/09/19 06:48:33 AM
#25   AMTPQ was down 0.10 on volume of 65,749. longsolong 07/09/19 12:00:00 AM
#24   Complaint by XL Specialty Insurance Company against Ameritrans Enterprising Investor 06/11/19 09:21:19 PM
#23   John O. Desmond, Chapter 7 Trustee of Ameritrans Enterprising Investor 02/13/19 11:45:55 PM
#22   Order Granted. Expedited Application for Compensation and Reimbursement Enterprising Investor 01/31/19 12:25:10 AM
#21   Expedited Application for Compensation and Reimbursement of Expenses Enterprising Investor 01/31/19 12:22:02 AM
#20   Just realized that today's AMTCQ trading volume and Enterprising Investor 12/18/18 04:38:55 PM
#19   AMTPQ sets new 52-week high (12/18/18) Enterprising Investor 12/18/18 04:37:13 PM
#18   AMERITRANS CAPITAL CORPORATION (AMTCQ) Enterprising Investor 12/18/18 04:27:40 PM
#17   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 12/17/18 10:31:57 PM
#16   Hearing Scheduled for 10/4/2018 at 10:15 AM at Enterprising Investor 09/06/18 10:56:33 PM
#15   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 08/23/18 09:02:27 PM
#14   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 08/21/18 11:10:37 PM
#13   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 08/20/18 06:39:25 PM
#12   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 08/07/18 11:22:49 PM
#11   AMERITRANS CAPITAL CORPORATION (AMTPQ) Enterprising Investor 08/06/18 11:14:12 PM
#10   United States Bankruptcy Court Enterprising Investor 06/21/18 09:43:57 AM
#9   Tennis111, it is imperative to watch for the Renee 01/17/17 04:21:39 PM
#8   Do the preferred shareholders have any chance of tennis111 01/17/17 01:18:57 PM
#7   AMTC Changed to AMTCQ, bankruptcy: Renee 10/06/16 04:34:01 PM
#6   AMTC is smells like a winner kranthikumar 05/21/14 09:54:14 AM
#5   AMTC is up by 100% kranthikumar 03/11/14 10:57:33 AM
#4   Pending into Tuesday.. ~ $AMTC ~ Earnings posted, Penny Roger$ 02/07/12 05:48:44 AM
#3   ~ $AMTC ~Multi chart fix and [b Penny Roger$ 02/06/12 07:18:40 PM
#2   ~ $AMTC ~ Earnings posted, pending or coming Penny Roger$ 02/06/12 04:19:32 AM
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