Home > Boards > US OTC > Delisted > Geomet Inc. (fka GMET)

became a shell on May 12, 2014,

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amadeus Member Level  Wednesday, 05/06/15 01:32:42 PM
Re: amadeus post# 771
Post # of 805 
became a shell on May 12, 2014,

if I'm reading this right

Quote:
On May 12, 2014, GeoMet closed the sale of substantially all of its remaining assets (the “Asset Sale”). As a result of the Asset Sale, all operating activities are presented as discontinued operations in the Condensed Consolidated Statements of Operations (Unaudited) for the quarter and year ended December 31, 2014 and 2013.



As of December 31, 2014, our primary asset as a public “shell company” is cash in the amount of $22.9 million. On a go forward basis, we believe we are incurring the minimum overhead expenses necessary to sustain a public registrant.



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