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National Steel Corp. (fka NSTLQ) RSS Feed

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Created
09/06/07
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NSTLQ.OB — National Steel Corp - This record represents the public shell of National Steel Corporation. Prior to May 2003, the company operated as an integrated steel producer in the United States and engaged in the manufacture and sale of various flat rolled carbon steel products, including hot-rolled; cold-rolled; galvanized; tin; and chrome plated steels. The company’s flat rolled carbon steel was sold primarily to the automotive, construction, pipe and tube, service centers, and container markets. In May 2003, the company completed the sale of substantially all of its principal steelmaking and finishing assets, and iron ore pellet operations to United States Steel Corporation for an aggregate purchase price of approximately $1.05 billion.

Company Notes
Note=3-02 company & 41 of its domestic subsidiaries filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division. Company is in process of preparing a Plan of Liquidation


Security Notes
Latest Addt'l Issue=1-95 6,000,000 shs at $16 by J.P. Morgan Securities, Inc et al.

PER 2003 10Q -- The number of shares outstanding of the Registrant’s Common Stock $.01 par value, as of August 1, 2003, was

41,288,240 shares, consisting of
22,100,000 shares of Class A Common Stock and
19,188,240 shares of Class B Common Stock.


=============2007 PPS VALUATION $16.32 ???==================


$15,070,000 / 923,628 = $16.32 pps

 

 

 


Key developments

 

%%%FREE LEVEL 2!!!====>

www.otcmarkets.com/pink/quote/quote.jsp


 ***********************************************************************

 

====>charts rock!!!!!====>






 

 

 

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