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.
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.
I found this interesting
SECURITIES AND EXCHANGE COMMISSION (Release No. 34-62434; File No. SR-FINRA-2009-089)
July 1, 2010
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving Proposed FINRA Rule 6490 (Processing of Company-Related Actions) to Clarify the Scope of FINRA’s Authority When Processing Documents Related to Announcements for Company-Related Actions for Non-Exchange Listed Securities and to Implement Fees for Such Services
The Commission believes that FINRA’s proposal to codify procedures for the submission, review, and determination of the sufficiency of requests to process Company-Related Actions will benefit the OTC marketplace and investors in OTC Securities. The proposal clarifies FINRA’s authority to conduct reviews of requests to process Company-Related Actions and reserves to FINRA the right to process Rule 10b-17 Actions and Other Company11
Related Actions when, notwithstanding the failure of an issuer to timely submit a notice or pay the applicable processing fee, such processing is necessary for the protection of investors and the public interest and to maintain fair and orderly markets. Accordingly, the Commission believes that the proposal is designed to encourage issuers and their agents to provide complete, accurate and timely information to FINRA concerning Company-Related Actions involving OTC Securities, and thereby to prevent fraudulent and manipulative acts and practices with respect to these securities.
The Commission notes that the proposal sets forth five factors that FINRA can look to as a basis for denying a request to process documentation concerning a Company-Related Action:
(1) FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority;
(2) the issuer is not current in its reporting obligations, if applicable, to the Commission or other regulatory authority;
(3) FINRA has actual knowledge that parties related to the Company-Related Action are the subject of pending, adjudicated or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities laws violations;
(4) a government authority or regulator has provided information to FINRA, or FINRA has actual knowledge, indicating that persons related to the Company-Related Action may be potentially involved in fraudulent activities related to the securities market and/or pose a threat to public investors; and/or
(5) there is significant uncertainty in the settlement and clearance process for the security.
http://www.sec.gov/rules/sro/finra/2010/34-62434.pdf
Wrong case number
It wasn't dismissed
He's known about the "new format" since last month
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122961.pdf
He could of told us three days ago instead of "reminding us"
The TA submitted the dividend submission today?
Syndication Inc. Extends Record Date of March 31st 2011 Stock Dividend
Syndication Inc., (Pink Sheets:SYNJ) announced to its Shareholders that it will extend the original Dividend Record Date of March 31st, 2011 while waiting approval. New electronic filing format requirements enacted on March 14th, 2011 by FINRA have required the Company's transfer agent (Pacific Stock Transfer Company) to make adjustments in their notification submission. The transfer agent has submitted the newly required filings today (03/31/2011), and informed the Company that they anticipate clearance over the next 10 days. All shareholders of record ownership on the amended X Dividend Date associated to the new Record Date will be eligible for the dividend. The Company will announce the new record date immediately when notified by its transfer agent.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
CONTACT: Syndication Inc.
888-422-5515
Syndicationinc.net
For all mail correspondence
Box 503, Damascus, MD 20872
http://ih.advfn.com/p.php?pid=nmona&article=47115845&symbol=SYNJ
Global Aircraft Solutions, Inc.
Chapter: 11
Case No. 4:09-bk-01655 JMM
Order Confirming Trustee’s Plan of Reorganization dated August 5, 2009 as Modified
11. Plan Acceptance.
By virtue of the vote record as filed with the Court, and deeming Pamir to have changed its vote to accept the Plan, each impaired Class under the Plan accepted the Plan, except as follows. Holders of Claims in Class 5 (Intercompany Claims) and holders of Equity Interests in Class 6 shall neither receive nor retain any property under the Plan and, therefore, are conclusively deemed to have rejected the Plan.
12. Cramdown.
12.3. The Plan does not discriminate unfairly with respect to (1) Class 5 because all Intercompany Claims are eliminated as a result of the substantive consolidation; and (2) Class 6 because all Equity Interests are eliminated.
4:09-bk-01655-JMM GLOBAL AIRCRAFT SOLUTIONS, INC.
Case type: bk
Chapter: 11
Asset: Yes
Vol: v
Judge: James M. Marlar
Date filed: 01/30/2009
Date of last filing: 03/11/2011
Plan confirmed: 11/05/2009
Case Summary
Office: Tucson
Filed: 01/30/2009
County: Pima
Terminated:
Fee: Paid
Debtor discharged:
Origin: 0
Reopened:
Previous term:
Converted:
Debtor dismissed:
Joint: n
Confirmation hearing:
Nature of debt: business
Related adversary proceedings: 4:09-ap-00526-JMM,4:09-ap-00609-JMM,4:09-ap-00827-JMM,4:10-ap-00127-JMM
Flags: JointAdmin, PlanConfirmed, Appeal
Party 1: GLOBAL AIRCRAFT SOLUTIONS, INC. (02-0579137) (Debtor)
Atty: SCOTT D. GIBSON Represents party 1: Debtor Phone: 520-722-2600
Fax: 520-722-0400
Email: ecf@gnglaw.com
Atty: MARY B MARTIN (T) Represents party 1: Debtor Phone: 602-650-2007
Fax: 602-264-7033
Email: mmartin@polsinelli.com
Atty: ADAM 1 NACH Represents party 1: Debtor Phone: 602-258-6000
Fax: 602-258-6003
Email: adam.nach@azbar.org
Atty: ADAM B. NACH Represents party 1: Debtor Phone: 602-258-6000
Fax: 602-258-6003
Email: adam.nach@azbar.org
Location of case files:
Volume: CS1
The case file may be available.
Which case?
Global Aircraft Solutions, Inc. - 4:09-bk-01655
Hamilton Aerospace Technologies, Inc. - 4:09-01659
World Jet Corporation - 4:09-01660
Hamilton Aerospace Mexico S.A. de C.V. - 4:09-01661
case number 4:09-bk-01655
On January 30, 2009, Global Aircraft Solutions, Inc. (“Company”) filed a voluntary petition in the United States Bankruptcy Court for the District of Arizona (Tucson) pursuant to Chapter 11 of Title 11, United States Code, case number 4:09-bk-01655.
Each of the Company’s subsidiaries, Hamilton Aerospace Technologies, Inc. (4:09-01659), World Jet Corporation (4:09-01660), and Hamilton Aerospace Mexico S.A. de C.V. (4:09-01661), also filed voluntary Chapter 11 bankruptcy petitions in the same court. The cases are jointly administered and are assigned to the Honorable James M. Marlar.
http://sec.gov/Archives/edgar/data/854171/000100009609000132/globalair3209.htm
We're due an update from EVDR
So this is trading as Global Aircraft in Nevada
Defaulted, no assets, and an AS of 105M
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=MceM3slP3hmIFO6GDTGKfQ%253d%253d&nt7=0
I'm still trying to figure that AS out
It's a BK so you never know
They are incorporated in Delaware
They register with the Arizona SOS to be able to do business in that state
They're not in good standing with Arizona due to not filing their annual report for 2010
Global Aircraft Solutions is no more, so this link doesn't matter. Revoked.
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=F11784332&type=CORPORATION
They were incorporated in Nevada anyway. Now in default.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=MceM3slP3hmIFO6GDTGKfQ%253d%253d&nt7=0
It's from the old company info
08 ANNUAL REPORT
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=F11784332&type=CORPORATION
Where did you get this?
I can see where you're going with this
Be careful, it's a slippery rabbit hole
To answer your question - yes
Arizona Corporation Commission
03/30/2011 State of Arizona Public Access System 7:35 AM
Corporate Inquiry
File Number: F-1560928-7
Corp. Name: ASCENT AVIATION SERVICES CORP.
Domestic Address
CORPORATION SERVICE COMPANY
2338 W ROYAL PALM RD STE J
PHOENIX, AZ 85021
Foreign Address
2711 CENTERVILLE RD #400
WILMINGTON, DE 19808
Additional Corporate Information
Corporation Type: BUSINESS
Incorporation Date: 10/26/2009
Corporate Life Period: PERPETUAL
Domicile: DELAWARE
County: MARICOPA
Approval Date: 11/04/2009
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=F15609287&type=CORPORATION
Go to the Arizona SOS here
View the scanned documents on the bottom
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=F15609287&type=CORPORATION
APPLICATION FOR AUTHORITY
You are now chatting with 'Tina' with the Delaware Division of Corporations Information Center.
Tina: Hello, Please hold as I review your question.
Dragon: You must be very busy today!
Tina: yes. I am sorry.......one moment please
Tina: COMMON 100,000 .001000
Tina: PREFERRED 15,000 .001000
Tina: Total of 2 Entries: 115,000 115
Dragon: When was the last corporate filing?
Tina: Thank you for your patience
Tina: Certificate of Incorp 10/26/2009
Dragon: Thanks for your help
Tina: You are welcome.
Thanks Cuban
It should be at least 1M from their incorporation docs
I'm double checking now
That's what they said
100,000 Authorized Shares per Delaware SOS
They have 100,000 shares of common stock authorized at .001 par value and 15,000 shares of preferred stock authorized at .001 par value.
Thanks for your inquiry.
Corporate Information
DE Division of Corporations
401 Federal Street, Suite 4
Dover, DE 19901
Tel: (302)739-3073 option 2
Fax: (302)739-3812
Federal Aviation Administration - Repair Stations
Repair Station - Profile for 7AHR
Company Information
Airport ID: TUS
Physical Location:
6901 SOUTH PARK AVE
TUCSON , AZ 85756
U.S. Phone: (520) 294-3481
Foreign Phone:
Fax: 520-741-1430
Certificate/Activity
Certificate Number: 7AHR548B
EASA Listed: Y
SFAR 36 Authorizations: N
Status: ACTIVE
Original Issue Date: 9-NOV-2009
EASA Certificate Number: 5903
EASA Expiration Date: 1-OCT-2012
Key Personnel
Position Name Title Phone
CEO RAY, MATTHEW CEO (520) 294-3481
Liaison QUERIO, DAVID PRESIDENT (520) 294-3481
Personnel
Certificated Mechanics: 28
Repairmen: 2
Non-Certificated Mechanics: 27
Total Employees: 79
http://av-info.faa.gov/repairstation.asp?certno=7AHR548B
Click to view documents
Victory Park Capital
Select Portfolio Companies
Ascent
Ascent Aviation Services Corp. is a premiere narrow body commercial aircraft maintenance, repair, overhaul, and storage center located at Tucson International Airport. View Website
http://www.victoryparkcapital.com/
------------------------------------------------------------------
New company takes over from Global Aircraft
Arizona Daily Star
11.11.2009
A new aircraft maintenance company has emerged from the bankruptcy ashes of Tucson-based Global Aircraft Solutions Inc.
Ascent Aviation Services Corp. formally launched operations Tuesday at Global Aircraft's former center at Tucson International Airport.
Ascent was formed by Global's major creditor, a fund managed by Chicago-based Victory Park Capital. Victory Park bought the Tucson company's key assets — including Hamilton Aerospace Technologies Inc. — as part of Global's Chapter 11 bankruptcy reorganization.
The company's plan was approved by U.S. Bankruptcy Judge James Marlar late last week and became effective Monday. The company had continued to operate at the TIA site since filing for bankruptcy in January.
Victory Park, which held secured bankruptcy claims of more than $7 million, made a successful credit bid of $4.25 million for Hamilton Aerospace's assets and $1 million for the assets of World Jet Corp., Global's parts subsidiary, in a bankruptcy auction last month.
Matthew Ray, CEO of Ascent Aviation and a principal in Victory Park Capital, said the new owners plan to revitalize the business, with core maintenance operations focused on narrow-body McDonnell Douglas MD-80 and Boeing 737 jets.
"It's a very simple objective we have — we intend to become one of the premier narrow-body commercial aircraft maintenance centers in North America," Ray said. "It's our intent to run this business profitably and grow it."
Ray said the new company remains committed to Tucson, noting that Victory Park helped Global keep a steady work force of about 80 skilled workers during the bankruptcy by providing more than $1 million in debtor financing.
http://www.sazhightechconnect.com/headlines/index.cfm?action=view&articleID=627
They get 20% of SRE SC and a convertible debenture that allows them to get restricted SYNJ common stock
Better Environment Concepts Inc. announced that the CEO executed a Stock Purchase Agreement, (SPA), to purchase 20% of Sentinel Renewable Energy Inc. (SRE S.C.), a Bio-Diesel Manufacturing project located in South Carolina. SRE S.C. is a subsidiary of Syndication Inc. a publicly traded company trading over the counter under the symbol (Pink Sheets:SYNJ).
In exchange for the 20% interest of SRE S.C., BECI provided, among other concessions, a $1,000,000 conditional draw down debenture and 10% of BECI's Common Stock. Conditional terms of the debenture include a conversion feature allowing BECI to convert its debenture into 7% to 11% of Syndication's Restricted Common Stock.
I guess we should see an amendment at the SC SOS soon
No it doesn't
Joint Venture
On March 1, 2011 Atlas Capital Holdings, Inc. (the “Company”) entered into a Joint Venture Agreement (“JVA”) with Clean Energy Pathways, Inc. (“CEP”). The Company and CEP will each own a 50% interest in the Joint Venture (“JV”). Under the JVA, the Company has agreed to become the marketing and financing operation for the JV, and CEP has agreed to invest $100,000 into the Company to secure its engagement under the JVA. In addition, CEP and the Company have agreed to explore a merger between the two companies and each has agreed to provide sufficient resources to identify how the shareholders of both companies would benefit from such a merger. The Company has filed a Form 10 to reflect the fact that as of March 1, 2011 the Company is no longer a shell company.
The JV will be operated jointly by CEP and the Company. The focus of the Company going forward will be to serve as the marketing and financing arm of the JV. Under the JVA, the Company has agreed to increase its number of consultants and to maintain its operations and execute on those marketing and financial opportunities that are in the best interest of the JV. The Company has already hired five new consultants to assist in its marketing efforts and 2 new consultants to assist with financial development opportunities for the JV.
JV Partner: Clean Energy Pathways, Inc.
CEP is a corporation based in Dothan, Alabama, and is a clean energy and fuel developer with a sales organization. CEP is listed on the OTC Pink Sheets Exchange under the symbol “CPWY.PK”. For its fuel distribution, CEP purchases feed stock from vendors and custom blends the fuel in strategically located bio refinery facilities. The finished product is then shipped by truck or rail to CEP’s customer. For its solar products, CEP has an agreement with an American solar manufacturer. The product is drop shipped to CEP’s customer or CEP’s dealer. For its imported solar product, CEP accepts orders for the solar products. Once the Company sells a container, the product is imported and then shipped to the dealer or warehoused in Dothan, Alabama.
March 4, 2011
Atlas Capital Holdings
Christopher Davies CEO
2234 N. Federal Highway, Suite 330
Boca Raton, Florida 33431
------------------------------------------------------------------
Better Environment Concepts Inc.
110 Wall Street
11th Floor
NY, NY 10005
1-800-939-6738
COUNSEL:
Chris Davies, Esq.
2234 N. Federal Highway Suite 300
Boca Raton, FL 33431
Telephone (561) 289-9780
chris@atlascapitalpartners.org
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54511040&txt2find=equity