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It's done to reduce the number of shareholders
That is odd. It's the same as cancelling the RS.
BKFG one for 10,000 reverse split followed by a 10,000 for one forward split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
BKF Capital Group, Inc. Reports Third Quarter 2019 Results (11/15/19)
https://www.bkfcapital.com/uploads/1/2/7/7/127755270/bkfg-q3-2019-earnings-release-2019-11-15-onepage.pdf
Yep. Name change. Most places have since dropped the term "bombing" from the place names. Thanks for the update.
BKFG one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
BKF Capital Group, Inc. Releases Financial Statements For Periods Ending June 30, 2015 and September 30, 2015
.
Business Wire
BKF Capital Group, Inc.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
BKF Capital Group, Inc. (BKFG) hereby releases its financial statements for the three and six-month period ending June 30, 2015 and for the three and nine-month period ending September 30, 2015. The Board of Directors has approved a share repurchase plan, authorizing the Company to repurchase in the aggregate up to 1 million shares of its outstanding common stock, $1 par value, over the twelve (12) month period December 14, 2015 through December 13, 2016.
Under the program, shares may be repurchased from time to time in open market transactions at prevailing market prices or in privately negotiated purchases in accordance with federal securities laws. The actual timing, number, and value of shares repurchased under the program will be determined by management in its sole discretion and will depend on a variety of factors, such as market price, corporate and regulatory requirements, alternative investment opportunities, and other market and economic conditions. Repurchases under the program will be funded from available working capital. The program may be commenced, suspended or terminated at any time, or from time to time at management's discretion and without prior notice.
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contd
You're welcome. It appears that Consolidated Naval Stores owned a lot of land in Polk and Highlands Counties in the first half of the century. The naval stores industry was a big deal in the pine forests that stretched from Lake Okeechobee well into Georgia. If I were to hazard a guess any pollutants would probably be turpentine distillates. That would have been normal given the lax or lack of environmental standards at the time. Looking thru "A History of the Lands Composing the Avon Park Bombing
Range" (1983), it seems that Consolidated would extract naval stores, then log the area and finally turn it into cattle grazing land.
Morning illegal, thanks for your insight; it would be nice if the company mentioned potential liability...etc
I've got a pretty good idea of what lands are affected by the CERCLA (“Superfund”) notification. I used to live in the Melbourne-Vero area over 20 years ago and scouring some maps triggered some long-dormant brain cells.
I'll bet that the decision to de-register was prompted by the notification because of the timing. I'd like to find that notice, but cannot find it on the DOJ site. It would probably say where those lands are. If I'm right about the location, the government also did its share of polluting afterwards.
To me, the lands that the DOJ – ENRD letter is referring to are most likely land contained in the Avon Park Air Force Range located east of Avon Park, FL. Look at the Lake Arbuckle NE 7.5’ quad or google maps for Avon Park. The lands stretch over the Highlands and Polk county borders. The airfield (now MacDill AFB Auxiliary Field) was formerly a civilian airport seized under Executive Order 9215 - Authorizing the Secretary of War to Assume Full Control of Certain Airports (EO 9215). Additional lands (111,000 acres) were seized from Consolidated Naval Stores under the same order, referenced in a tax case from 1946 (http://www.leagle.com/decision/1946838155F2d683_1647/UNITED%20STATES%20v.%20111,000%20ACRES%20OF%20LAND,%20ETC) and Federal Register (page and date): 7 FR 6157, August 8, 1942. More lands (including the small community of Ft. Kissimmee) were confiscated into 1943 stretching into Okeechobee County. Some were released under EO 9526 in 1946, returning them to local governmental control some of which now used for a prison and a juvie facility. Today, the government lands comprise the Avon Park Air Force Range and MacDill AFB Auxiliary Field – the largest bombing range east of the Mississippi (https://en.wikipedia.org/wiki/Avon_Park_Air_Force_Range).
Without any historical maps or way to research land deeds, it is hard to discern which the range’s lands formerly belonged to Consolidated. I would rule out the present government lands since they have been bombed for 70+ years and are probably more polluted as a result of exploded ordinance.
I found a New York Times article (May 16, 2012) referencing water toxins in Florida communities including Avon Park Correctional center (http://projects.nytimes.com/toxic-waters/contaminants/fl/polk). Four contaminants were found, but all within current EPA guidelines. There is also a reference to pesticides dating to the 1920s and 1930s being removed from the range, but no mention of who used to own the land (www.outintheboonies.com/Avon_Park_AFR/).
Like I said, I would like to know for certain about the lands as that would give some insight into the potential for monetary damages and liability to BKFG.
BKF Capital Group, Inc. Engages New Accounting Firm (10/13/15)
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- BKF Capital Group, Inc. (the “Company”)(OTC: BKFG) today announced that it has engaged Anton & Chia, LLP, Certified Public Accountants, as its independent auditors to conduct an annual audit of the Company’s financial statements and reviews of each of our quarterly financial statements. The Company expects to announce its results of operations for the quarters ending June 30, 2015 and September 30, 2015 by mid-November 2015. The Company will publish its results on the OTC markets website at www.otcmarkets.com.
Still if I read post 108 correctly and last activities remotely connected to BKFG's predecessor's ownership interests in Consolidated Naval Stores has been 72 years. Still having looked at Phase I environmental impact reports of some commercial properties, any incidence of ownership can lead to legal exposure.
Polk and Highland counties, FL are expanding population wise. I'd like to know where those sites are and wonder if some modern developer built houses on them without checking...
Also, if the gubmint "appropriated" those properties in 1942, I would assume that the gubmint or its contractors ran the facilities last. Wouldn't they be liable?
Well, this is getting "interesting". Was trying to do some background reading on statutes of limitations and of repose. The statutes length vary state by state, but a SCOTUS ruling said that federal statutes if limitations supercede state limits.
ancora selling.. maybe more to come? http://ih.advfn.com/p.php?pid=nmona&article=67173078
Someone was active yesterday via mm GABE
A Bronson buy would indicate a "green light".
CERCLA or "Superfund"
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as Superfund, was enacted by Congress on December 11, 1980. This law created a tax on the chemical and petroleum industries and provided broad Federal authority to respond directly to releases or threatened releases of hazardous substances that may endanger public health or the environment. Over five years, $1.6 billion was collected and the tax went to a trust fund for cleaning up abandoned or uncontrolled hazardous waste sites.
CERCLA:
established prohibitions and requirements concerning closed and abandoned hazardous waste sites;
provided for liability of persons responsible for releases of hazardous waste at these sites; and
established a trust fund to provide for cleanup when no responsible party could be identified.
The law authorizes two kinds of response actions:
Short-term removals, where actions may be taken to address releases or threatened releases requiring prompt response.
Long-term remedial response actions, that permanently and significantly reduce the dangers associated with releases or threats of releases of hazardous substances that are serious, but not immediately life threatening. These actions can be conducted only at sites listed on EPA's National Priorities List (NPL).
CERCLA also enabled the revision of the National Contingency Plan (NCP). The NCP provided the guidelines and procedures needed to respond to releases and threatened releases of hazardous substances, pollutants, or contaminants. The NCP also established the NPL.
CERCLA was amended by the Superfund Amendments and Reauthorization Act (SARA) on October 17, 1986.
http://www.epa.gov/superfund/policy/cercla.htm
Statute of limitations? I didn't realize something from so long ago (70 years) under previous entity could still have liability today. Although, still not sure I understand what the case may be here.
Wow, now that's out of left field.
BKFG was once the closed-end fund known as Baker, Fentress & Co.
I wonder if CTO has received a claim.
Consolidated-Tomoka Land Co.
Established over 100 years ago
Consolidated-Tomoka Land Co. (“Consolidated”) traces its roots back to Jacksonville in the early 1900's. At one time in its history, Consolidated owned more than 1.8 million acres of land in Florida.
Significant dates in the Company’s history include:
•1902 – 7 Naval Store companies were consolidated into Consolidated Naval Stores, the largest company of its kind in the world and headquartered in Jacksonville, Florida;
•1923 – Baker, Fentress & Co. (of Chicago) acquired 80% of Consolidated Naval Stores
•1930 – Consolidated purchased a 33.6% interest in Barnett National Bank
•1969 – Consolidated Financial Corporation merged into Consolidated-Tomoka Land Co. (‘CTO’) and CTO goes public on New York Stock Exchange (minority share of the CTO);
•1985 – CTO moves headquarters to Daytona Beach, Florida
•1999 – Baker, Fentress & Co. spin off 1005 of CTO as fully publicly traded company on NYSE
http://www.ctlc.com/our-history.html
pr today:
Bkf Capital Group, Inc. Notified by United States DOJ – ENRD of Possible Claim by CERCLA
Business Wire
BKF Capital Group, Inc.
5 hours ago
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
BKF Capital Group, Inc. (OTC Pink: BKFG) today announced that it has been notified by the United States Department of Justice - Environment and Natural Resources Division of a possible claim by the United States under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) relating to certain property located in Highlands and Polk Counties, Florida. As identified to BKF, the property at issue was appropriated by the United States in 1942 from the Consolidated Naval Stores Company, an entity over which BKF’s predecessor Baker, Fentress & Co. allegedly had an ownership interest at the time of the appropriation. BKF intends to fully investigate the claim and, if necessary, defend itself to the fullest extent possible under the law, including pursuing indemnification and insurance rights.
Cautionary Statement Concerning Forward-Looking Statements
Statements used in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon the current expectations and beliefs of the Company's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, the Company does not expect to, and disclaims any obligation to, publicly update any forward-looking statements whether as a result of new information, future events or otherwise. For further information on these and other and other cautionary statements, please refer to the risk factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150527005498/en/
Contact:
BKF Capital Group, Inc.
Steven N. Bronson, 805-416-7004
CEO
interesting filing today especially after the recent termination of securities..etc..etc
I'd say at best this now falls into the VERY VERY speculative area imo
maybe a liquidation/distribution of some type?
I did, the same exact day as this filing...what is he up to?
see this? "On 20 May, Qualstar Corp. (NASDAQ:QBAK) shares fell -7.64% and was closed at $1.33. QBAK EPS growth in last 5 year was -17.00%. Qualstar Corp. (NASDAQ:QBAK) year to date (YTD) performance is 0.76%. Qualstar Corporation (NASDAQ:QBAK),announced that as of May 15, 2015, Daniel K. Jan has been promoted to President of the Company after having served as Executive Vice President since April 2014. Steven N. Bronson stepped down as President and shall remain the Chief Executive Officer of the Company"
Might be going way of LINK where they stop filing, filed a form 25, but still are OTC Pink Current? That would fit what he did previously although why then did he never do with FNSI or RDGA?
Well, hmmm, there we go, fits with the evolution of what we were seeing, so the question is why just BKFG and not any of the others. It is the one that has the most significant assets, I'm sure there is a rationale here, will continue watching Bronson closely to see what he is up to.
On sidenote, QBAK has really started turning the corner with last quarterly.
??????? "Termination of Registration of a Class of Security Under Section 12(b) (15-12b)
"
from the Q:
"
On April 17, 2015, the Company transferred 1,500,000 shares of Qualstar common stock to BKF Asset Holdings, Inc., its wholly owned subsidiary.
"
10k out, nothing standing out as irregular imo
Deliquent on it's filings now...hmmm..
Unusual, what is going on? Never happened before and he hasn't done that with any of his other companies. RDGA for instance just filed one. And he has continued to use BKF cash to buy up QBAK. Something to keep a close eye on, are they going dark for a reason? Nothing to indicate one way or another at the moment.
No 10-K yet, letting it lapse or Bronson too busy? Interesting, as never been late before and in conjunction somewhat with the website going down.
BKFG moved as well on March 3 per 8-K
http://www.sec.gov/Archives/edgar/data/9235/000114420415014061/v403579_8k.htm
Section 8 – Other Events.
Item 8.01 Other Events.
Effective March 1, 2015 BKF Capital Group, Inc. (“BKF”) relocated its principal offices to 31248 Oak Crest Drive, Suite 110, Westlake Village, California 91361 (the “Premises”). BKF occupies the Premises pursuant to a license agreement, dated March 1, 2015 (the “License Agreement”) between BKF and Interlink Electronics, Inc. (“Interlink”). BKF’s new telephone number is (805) 416-7054. Pursuant to the License Agreement, BKF licenses one furnished office at the Premises. BKF also has access to a telephone line and other services as described in the License Agreement. BKF shall pay a license fee to Interlink of $12,000 per annum, or $1,000 per month, for use of the Premises.
Steven N. Bronson, BKF’s Chairman, CEO and majority shareholder, is also the Chairman, President and CEO of Interlink. A copy of the License Agreement is attached hereto as Exhibit 10.43
Lease agreement (NOTE: almost 6 years...this guy thinks on long time horizons!) http://www.sec.gov/Archives/edgar/data/9235/000114420415014061/v403579_ex10-43.htm
NOTE: and same address as FNSI
hmmm... interesting... good observation
Looks like BKF Capital website been down since December. Could just be temporary or sign of other things in the works? We'll see.
Thanks db7. Let me know what you find out.
check this out:
EDIT,so apparently this redirect has been in place for at least year... interesting BUT not as material as I though (I thought maybe this was 'just' done)
thanks to illegal_alias for finding these 'changes':
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109856368
http://www.catalystfinancial.com/aboutus.php
->the logo and company mentions are now Bronson & Co instead of Catalyst Financial (I brought up wayback machine to make sure this was in fact different and it is)
as illegal pointed out, http://www.catalystfinancial.com goes to http://bronsonandco.com/
time to do more research from that point once I get some free time
1.50 is the highest he has paid for at least the past 2 years too
Bronson buys another 12,351 shares.
http://www.sec.gov/Archives/edgar/data/9235/000114469215000002/xslF345X03/primary_doc.xml
1. Name and Address of Reporting Person *
BRONSON STEVEN N 2. Issuer Name and Ticker or Trading Symbol
BKF CAPITAL GROUP INC [ BKFG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
3. Date of Earliest Transaction (MM/DD/YYYY)
12/31/2014
(Street)
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/31/2014 P 3000 A $1.35 4480349 D
Common Stock 12/31/2014 P 5200 A $1.4 4485549 D
Common Stock 12/31/2014 P 7100 A $1.45 4492649 D
Common Stock 1/2/2015 P 100 A $1.44 4492749 D
1. Name and Address of Reporting Person *
BRONSON STEVEN N 2. Issuer Name and Ticker or Trading Symbol
BKF CAPITAL GROUP INC [ BKFG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
3. Date of Earliest Transaction (MM/DD/YYYY)
12/29/2014
(Street)
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/29/2014 P 21000 A $1.3 4473017 D
Common Stock 12/29/2014 P 1700 A $1.25 4474717 D
Common Stock 12/30/2014 P 2632 A $1.25 4477349 D
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/16/2014 P 2000 A $1.18 4441450 D
Common Stock 12/16/2014 P 10067 A $1.15 4451517 D
Common Stock 12/18/2014 P 500 A $1.25 4452017 D
I'm not aware of many things that entice me to buy as much as a "frequent buyer program"
good enough for his money........... good enough for mine.
also, between his buying and the NAV here there really isn't much downside imo
Bronson believes in the "frequent buyer program".
AND he loves to open market purchase
Like Bronson a lot, look at what he has done with Interlink, and how the PPS has been moving. He knows how to turn companies around. aka would expect to see some stable improvements with QBAK next 2 quarters. We'll see, solid player who has history of treating shareholders right and standing up for them.
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