Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
03/12/13 Reorganization CHARTWELL INTERNATIONAL INC MANDATORY REORG F... -20.00
03/12/13 Reorganization 110000 CHARTWELL INTERNATIONAL INC 1 FOR 2... 0.00
03/12/13 Reorganization 55000 COVALENT ENERGY INTL INC COM RESULT... 0.00
No ticker yet,they are just giving me half of my chartwell shares under "covalent energy company"!
What ticker are the shares under ?
They must have finally implemented the POR distribution.
.... and 5,498,503 shares to the existing holders of its common and preferred stock.
Looks like etrade is giving me the covalent shares after 2/1 reverse split!,are the commons intact?!,anyone else with etrade,check your transaction history!
16:41 CWLTQ Chartwell International, Inc. Common Stock 6/21/2012 100 Bankruptcy plan effective November 4, 2010. Shares cancelled/impaired pursuant to the plan**
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/20/2012&mkt_ctg=NON-OTCBB
Yes, hence the reference to it only being on equity feed, someone needs to start a board for equity feed eff up news lol!!
Interesting about the volume today though~
Covalent International Inc. fka Covalent Energy International Inc. which was fka Chartwell International Inc.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GnHiO5ldDODS6RLNKB0Rew%253d%253d&CorpName=COVALENT+INTERNATIONAL%2c+INC.
It's been mentioned here and I certainly knew about it. Not really a big deal to me as it's miniscule in comparison to the ones that are done by shady triple 0's companies, which run into the 1000's for 1 category. Eventually this one will have it's day, they all do.
Looks like nobody saw that they are performing an r/s mentioned in the 8k
ah, ok, got it, thx.
The name change has already happened, the name of the company is Covalent Energy International w/ Nevada SOS, they now need to apply to FINRA for the name change after they accept it the symbol will change to something like COEI. From what I have gathered thru Jaxstraws DD is that Covalent Energy or the people behind Covalent Energy took control of the "CWLTQ" shell post bankruptcy. As far as a merge in goes that may have already happened as Covalent Energy Int'l Inc. is a Delaware Co. and to access that info costs $$$, and they just recently updated the Nevada SOS. But anyway you look at it they will be announcing these material events that have happened with CWLTQ / Covalent Energy in due time. Then we will know the full scope of the situation.
what i understand is, a name change is coming, the q will be gone and some sort of merger soon.. do i have that right?
It is golfing season. As for me, I will be holding until this pans out. Too many material events lumped together in a short amount of time to be just a "regular maintenance" reinstatement. Good luck.
someone needed their 125 bucks for the weekend i see.
Covalent Energy International Inc. fka Chartwell International Inc.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=GnHiO5ldDODS6RLNKB0Rew%253d%253d
Chartwell making moves, adjusted share structure for business commencement.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GnHiO5ldDODS6RLNKB0Rew%253d%253d&CorpName=CHARTWELL+INTERNATIONAL%2c+INC.
John Onufrak is (was?) the managing director of a company known as Global Methane Partners LLC ( and possibly Georgia Resources and Global Resources Management LLC).
The principle investor of Global Methane is Herman Hohauser.
Herman Hohauser is the CEO of the reorganized Chartwell.
L2 doing a lot behind the scenes now.
bids coming up!
i cant wait to see someone take..
..
out .04, cause i dont think there is much til .10 now.
Dropping the Q, Atty letter with respect to current info up next~
The one thing that is most interesting is that even after the Decree and 12mm newco shares were issued for immediate trading , there was never any kind of real volume since.
Spurts here or there, but nothing of any consequence.
Looks like most of those shares are still being held.
guys, look at L2, its shaping up as of just a minute ago.
i have a good feeling about this little quiet one.
Its very common on a lot of reinstatement plays. Even when shells go into receivership of a law firm only a very few actually file regularly. But when there is a new ownership of said "shell" you get multiple years caught up in bulk. SOS's do not really ask for much out of managements. So it's relatively simple to do. It's more of an indication that future events are likely to occur with said company.
looks like the ask can fall and move up quickly here.
Something could come at any time.
CWLTQ looking good, ground floor here~
Thanks for the insight. That is a positive it would seem.
It was a confirmed merger from the POR a few years ago, that is undeniable. They just have done nothing since that anybody can find other than the reinstatement(s?).
That is a bulk filing. Catching up all at one time.
Something is obviously up here. Commons survived, reinstated & it looks like a merger from the POR, I am going to hold mine.
One thing is for certain though, someone is taking the time to do it every year, or took the time to do it this year.
I'm not as proficient in reading the reinstatement docs as I am court docs.
But isn't the 9-10, 10-11, 11-12, in the lower left hand corner of the filing mean it's been reinstated every year for the past four years ?
ask just thinned out.
No, all of that happened or the court could not issue a Final Decree.
Certificates were to be sent out by the Transfer Agent according to the court docs.
Any chance that that never materialized? That Covalent decided not to go public and shell changed hands? I see that a John Onufrak was the one who reinstated as well as filling all upper mgmt. positions, for now. Imre Eszenyi the CEO who filled out that 8k on 10-27-10 is assumedly no longer with the company as per the Nevada SOS filings as of yesterday. To me it looks like they had a plan in place back in 2010, and then again in Sept of 2011 neither of which materialized. And now a new name appears and has actually reinstated w/ Nevada. Whether hes tied to any of the stuff prior I couldnt say with certainty. But my gut tells me all the previous attempts at r/m didnt work, and now its John Onufrak's turn. I am not concerned with all of the old stuff here as none of it seemed to come to fruition as I believe there would be amendments posted to Nevada SOS pertaining to the split and additional shares added etc... That is just my opinion.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=GnHiO5ldDODS6RLNKB0Rew%253d%253d&CorpName=CHARTWELL+INTERNATIONAL%2c+INC.
Breakdown of SS ( as it is known as of Confirmation Date, 10/21/10, since there is a stipulation in the RP that the newco is under no restrictions from increasing it at any time after)
98,937,058 to ERH for the R/M
5,498,503 to secured and unsecured creditors
5,498,503 to equity holders after a 1;2 R/S
The restricted shares that were issued (98,937,058) are now no longer under those terms if the holders decide to liquidate since they were stipulated as of the confirmation of the plan on 10/21/2010. Well past the one year waiting period now.
And the name of the newco is Covalent International Inc.
It is interesting the newco did not inform FINRA to remove the "Q".
Nice find! With this float and Energy Resource Holdings acquiring restricted shares upon reverse merger, this thing could blow sky high with news / shareholder update.
Under the proposed Plan of Reorganization, Energy Resources Holdings LLC will
merge into Debtor, with ERH and its members receiving 90% of the issued and
2
outstanding shares of Debtor1 .
Do You know if Commons are intact?
Hmm, I am in too, thinking something big could come here
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
83
|
Created
|
09/20/11
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |