|I still hold shares here hoping for a||hispeedsoul||04/13/22 3:51 PM|
|Some volume coming in. Bid/ask moving up. Fingers||hispeedsoul||08/24/21 10:15 AM|
|Saw that||adijas||03/18/21 10:42 AM|
|10k released today. They are still trying for||hispeedsoul||03/18/21 10:29 AM|
|One day. We almost had a merger. I'm||hispeedsoul||12/31/20 12:41 PM|
|Hhhmmmm WHLT||ED25||12/31/20 12:12 PM|
|Hhhmmmm WHLT||ED25||12/31/20 12:04 PM|
|I'm speechless here. Someone has to know something||hispeedsoul||08/31/20 10:32 AM|
|Yeah, very nice move||adijas||08/31/20 9:41 AM|
|Up to .70. wow. I know it's small||hispeedsoul||08/31/20 9:39 AM|
|Trying to figure out what WHLT could possibly||hispeedsoul||08/05/20 1:53 PM|
|CPKA changed to WHLT:||Renee||08/04/20 4:53 PM|
|Our time draws near. Can't wait to see||hispeedsoul||08/04/20 4:21 PM|
|Symbol change tomorrow https://otce.finra.org/otce/dailyList||adijas||08/04/20 3:50 PM|
|Me too, didn't trade this high in 10 years||adijas||05/22/20 3:33 PM|
|If this ever gets real volume and a||hispeedsoul||05/22/20 3:30 PM|
|New 10Q released today. A small nugget in||hispeedsoul||05/08/20 1:21 PM|
|A whole bunch of form 4s filed yesterday for:||hispeedsoul||04/23/20 10:06 AM|
|Some buys today. When the merger happens....this might||hispeedsoul||02/04/20 1:14 PM|
|Move to DE a done deal...||TallTrader||01/17/20 10:47 AM|
|New 8k today. Approved to move to Delaware||hispeedsoul||01/17/20 10:41 AM|
|.185 hitting.||bonedaddy77||08/07/19 11:40 AM|
|:)||bobkubecka||07/25/19 2:19 PM|
|Nice! Now we know who was trying for||bonedaddy77||07/25/19 2:18 PM|
|https://www.otcmarkets.com/filing/html?id=13551263&guid=fizIUWHM7T4g93h||bobkubecka||07/25/19 12:46 PM|
|Someone trying to buy 100K today at .12.||bonedaddy77||07/24/19 10:18 AM|
|New 8k. Warrants extended until 2021. A nice||hispeedsoul||07/22/19 9:06 PM|
|A lot of heavy hitters from multi billion||hispeedsoul||07/02/19 8:29 PM|
|Form 3.... for CFO of Spartan Motors??? https://www.lawinsider.com/contracts/1||carbonfiltered||07/02/19 7:01 PM|
|looks like .15 about to drop||bonedaddy77||06/14/19 12:34 PM|
|.1201 x .15...these spreads tend to happen with||bonedaddy77||06/05/19 2:36 PM|
|$CPKA||Longer Than Most||06/04/19 4:28 PM|
|Impressive run $CPKS||Longer Than Most||06/04/19 4:28 PM|
|Yes!||Femto99||05/29/19 5:25 PM|
|.14 getting hit again. Looks like this could||bonedaddy77||05/29/19 3:42 PM|
|Geez. The spread is huge. Seems like a mistake.||hispeedsoul||05/20/19 1:12 PM|
|105K on the .10 bid. Loading going on here||bonedaddy77||05/16/19 11:15 AM|
|Ask at .14 now.||hispeedsoul||05/16/19 10:03 AM|
|Interesting buying today here between .10-.11||bonedaddy77||05/15/19 3:20 PM|
|Yea someone wanted to load over 200k shares||Jerm17||05/15/19 1:16 PM|
|Some volume coming in.||hispeedsoul||05/15/19 1:04 PM|
|10k net operating loss carry forward for federal||Femto99||05/02/19 12:27 PM|
|Also serves as motivation for success||carbonfiltered||04/16/19 1:21 PM|
|I agree. They award share right now because||Femto99||04/16/19 1:21 PM|
|Its bullish to me. Will be adding.||carbonfiltered||04/15/19 6:00 PM|
|Each of the six directors were issued 300,000||Enterprising Investor||04/15/19 5:09 PM|
|John A. Forbes (director of PATK )never bot||Femto99||04/10/19 10:56 AM|
|I think the price is not going back anymore!||Femto99||04/09/19 3:02 PM|
|Form 3 submitted on 5th and he made||Femto99||04/09/19 3:02 PM|
|Nice intro!||Femto99||04/09/19 2:43 PM|
Prior Business Operations
The Company was established in July of 1993 as a wholly-owned subsidiary of Dawson Geophysical Company (“Dawson” and formerly known TGC Industries, Inc.). On July 30, 1993, the Company purchased certain assets of Union Camp Corporation’s packaging division for a purchase price of approximately $6.14 million. The assets purchased included substantially all of the business of weaving and constructing Saxolin Ò paper mesh and polypropylene plastic mesh bagging material for agricultural and industrial applications and substantially all of the properties related to Union Camp’s packaging division. The properties acquired by Chase consisted of Union Camp’s plant facilities located in Portland, Oregon, and Idaho Falls, Idaho, and all machinery, equipment, and inventories connected with these facilities.
The Company experienced losses from 1994 through 1997, and in 1997 the Company’s secured lender decided not to renew the Company’s operating line of credit. The Company’s Board of Directors therefore determined that it was in the best interest of the Company and all of its creditors to liquidate in an orderly fashion.
Effective July 21, 1997, the Company sold its operations at Idaho Falls, Idaho, to Lockwood Packing Corporation (“Lockwood”). The assets sold included substantially all of the Company’s equipment, furniture, fixtures, and other assets located in the Idaho Falls, Idaho, facility for a total of $75,000. In addition, the Company sold inventory from the Idaho Falls operation to Lockwood for $255,000. The proceeds from these sales were used to reduce the Company’s loan balance with its lender.
On July 25, 1997, the Company notified its creditors by mail that the Company would begin an orderly liquidation of all of its remaining assets, outside of a formal bankruptcy or receivership proceeding, in a manner intended to maximize the asset values. The Company retained the firm of Edward Hostmann, Inc. to assist the Company in such liquidation which was completed during 1997.
Since 1999, the Board of Directors has devoted its efforts to establishing a new business or engaging in a merger or other reorganization transaction.
The Company closed a private placement of 13,334 units (the “Units”) on September 7, 2007. Each Unit was sold for $150 and consisted of: one share of Series A 10% Convertible Preferred Stock ($100 stated value) convertible into 1,000 shares of the Company’s common stock (the “common stock”); 500 shares of common stock; and 500 five-year warrants, each warrant exercisable for one share of common stock at $0.15 per share. Gross proceeds from the offering were $2,000,100, expenses of the offering were approximately $38,000, and net proceeds were approximately $1,962,000.
The Company is reporting that effective on December 31, 2018, the Company successfully completed a voluntary early conversion of its outstanding Series A 10% Convertible Preferred Stock to common stock. As a result, the Company no longer has any of the Preferred Stock outstanding.
The board of directors authorized the Company to offer to the preferred stock holders the opportunity to convert the preferred stock to common stock at the rate of $0.085, a 15% discount from the $0.10 stated conversion price. Each preferred stock holder accepted the offer, and 36,589 shares of preferred stock were converted to 43,045,897 shares of common stock, effective on December 31, 2018. The board of directors believes that this more simplified capital structure makes the Company a more attractive merger candidate, although there can be no assurances that any such transaction will be available or will occur or, if it were to be approved by the board of directors, that the stockholders of the Company would vote in favor of the transaction.
$CPKA Reverse Merger at work!
New board directors added per latest 8k! Auditor changed recently. Serious business coming in!
John A. Forbes, has been a director of Patrick Industries, INc since 2011. A billion dollar market cap NASDAQ stock.
PATK Marc C Neilson - http://accretivesandiego.com/about/ Mark also serves on the Board of Directors of Supreme Industries, (a $200 Million publicly-traded manufacturer of truck bodies and specialty vehicles)