Texcom Inc. (TEXC) 1.6500 $TEXC
TexCom Announces Offer to Convert Preferred Shares to Common Shares
PR Newswire - Wed Aug 20, 8:24AM CDT
TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced that it has extended an offer to holders of its Series A Convertible Preferred Stock ("Preferred Stock" to pay all accrued and unpaid dividends on the Preferred Stock through September 30, 2014 and to convert all of the outstanding shares of Preferred Stock into shares of the Company's common stock, $0.001 par value per share ("Common Stock" , on a basis consistent with the conversion rate contained in the Certificate of Designations establishing the Preferred Stock. The current conversion rate, as adjusted for the recent one-for-ten reverse stock split of the Company's Common Stock, provides that each share of Preferred Stock is convertible into two-tenths of a share of Common Stock. The offer is contingent on the Company obtaining the approval of the holders of at least a two-thirds majority of the shares of the Preferred Stock. If the offer has not been approved by the holders of Preferred Stock prior to September 30, 2014, the offer will expire and neither the payment of accrued dividends nor the conversion of any shares of the Preferred Stock will occur. If the offer has been approved by the holders of Preferred Stock prior to September 30, 2014, accrued dividends through September 30, 2014 will be paid on all of the shares of Preferred Stock and all of the shares of Preferred Stock will be automatically converted into shares of Common Stock. As of September 30, 2014, accrued and unpaid dividends will be $1.60 per share of Preferred Stock, or a total of $3,246,000 for all outstanding shares of Preferred Stock. Funds are currently available in a restricted cash account for the payment of all accrued dividends through September 30, 2014. Shares of Preferred Stock converted pursuant to this offer will have the status of authorized and unissued shares of Preferred Stock, undesignated as to series, subject to later issuance.
TexCom Announces Reverse Stock Split is Now Effective
PR Newswire - Fri Aug 15, 2:03PM CDT
TexCom, Inc. (OTC Pink: TEXCD)(the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, today announced that the one-for-ten (1 for 10) reverse stock split approved by the shareholders at the 2014 Annual Meeting of Shareholders on July 25, 2014 is now effective. The shares will trade for the next twenty business days under the temporary symbol - TEXCD. On September 12, 2014, the trading symbol will return to TEXC.
TexCom Announces Results for Second Quarter of 2014
PR Newswire - Fri Aug 15, 1:19PM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, today announced financial results for the second quarter of 2014. Financial Highlights for the second quarter 2014 compared to the second quarter 2013:
TexCom Announces Acquisitions
PR Newswire - Fri Aug 01, 9:07AM CDT
TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, today announced that it has closed the previously announced agreements to purchase two salt water disposal wells - the Peak Water Systems SWD #1 and the Bennett SWD #1, both located in Van Buren County, Arkansas. The purchase price for the assets is approximately $20.29 million and included the refinancing of approximately $7.12 million of debt. The remaining purchase price consists of $2.63 million in cash and $10.54 million in shares of common stock. The common stock will be issued at $0.244 per share (or $2.44 after the completion of the recently announced one-for-ten reverse stock split), which is the average closing price on the OTC Pink for the 60 day period prior to execution of the agreements.
TexCom, Inc. Announces Voting Results of Its 2014 Annual Meeting
PR Newswire - Mon Jul 28, 11:59AM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, is pleased to announce that at its annual meeting convened on June 26, 2014 and reconvened on July 25, 2014, shareholders of the Company voted to elect Stephen J. Barth, Randall K. Lowry, Jr., Wallis T. Marsh, Robert S. May and James Roth to its Board of Directors. The Company's shareholders also approved and ratified a one-for-ten (1-for-10) reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share, and reduction in the number of authorized shares of common stock from 100,000,000 to 50,000,000.
TexCom Announces Results for 2013
Marketwire - Mon Mar 31, 6:00PM CDT
TexCom, Inc. (PINKSHEETS: TEXC) (the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, today announced financial results for 2013.
Shareholder Moves to Solicit Proxies for TexCom, Inc. Shareholder Meeting
PR Newswire - Mon Mar 31, 1:22PM CDT
Houston, Texas, privately held Weekley Energy Holdings, LLC ("Weekley" announced today that it has sent a letter to the shareholders of publicly listed Houston-based TexCom, Inc. requesting that proxies be sent to Weekley that will demand a shareholder meeting of TexCom be called. The Weekley letter states,
TexCom Announces Results for First Quarter of 2013
PR Newswire - Mon May 13, 1:14PM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom" , an environmental services company serving the oil and gas industry, today announced record financial results for the first quarter of 2013. Financial Highlights for the first quarter 2013 compared to the first quarter 2012:
Paradigm Oil and Gas finalizes All Star Advisory Board
PR Newswire - Mon Jan 07, 1:10PM CST
Paradigm Oil and Gas, Inc.'s (PDGO) President, Vince Vellardita announced today that he has hired the final members of the Company's Advisory Board which will bring a wealth of knowledge and expertise to Paradigm Oil & Gas.
TexCom Announces Offer to Convert Preferred Shares to Common Shares
PR Newswire - Wed Aug 20, 8:24AM CDT
TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced that it has extended an offer to holders of its Series A Convertible Preferred Stock ("Preferred Stock" to pay all accrued and unpaid dividends on the Preferred Stock through September 30, 2014 and to convert all of the outstanding shares of Preferred Stock into shares of the Company's common stock, $0.001 par value per share ("Common Stock" , on a basis consistent with the conversion rate contained in the Certificate of Designations establishing the Preferred Stock. The current conversion rate, as adjusted for the recent one-for-ten reverse stock split of the Company's Common Stock, provides that each share of Preferred Stock is convertible into two-tenths of a share of Common Stock. The offer is contingent on the Company obtaining the approval of the holders of at least a two-thirds majority of the shares of the Preferred Stock. If the offer has not been approved by the holders of Preferred Stock prior to September 30, 2014, the offer will expire and neither the payment of accrued dividends nor the conversion of any shares of the Preferred Stock will occur. If the offer has been approved by the holders of Preferred Stock prior to September 30, 2014, accrued dividends through September 30, 2014 will be paid on all of the shares of Preferred Stock and all of the shares of Preferred Stock will be automatically converted into shares of Common Stock. As of September 30, 2014, accrued and unpaid dividends will be $1.60 per share of Preferred Stock, or a total of $3,246,000 for all outstanding shares of Preferred Stock. Funds are currently available in a restricted cash account for the payment of all accrued dividends through September 30, 2014. Shares of Preferred Stock converted pursuant to this offer will have the status of authorized and unissued shares of Preferred Stock, undesignated as to series, subject to later issuance. TexCom Announces Reverse Stock Split is Now Effective
PR Newswire - Fri Aug 15, 2:03PM CDT
TexCom, Inc. (OTC Pink: TEXCD)(the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced that the one-for-ten (1 for 10) reverse stock split approved by the shareholders at the 2014 Annual Meeting of Shareholders on July 25, 2014 is now effective. The shares will trade for the next twenty business days under the temporary symbol - TEXCD. On September 12, 2014, the trading symbol will return to TEXC. TexCom Announces Results for Second Quarter of 2014
PR Newswire - Fri Aug 15, 1:19PM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced financial results for the second quarter of 2014. Financial Highlights for the second quarter 2014 compared to the second quarter 2013: TexCom Announces Acquisitions
PR Newswire - Fri Aug 01, 9:07AM CDT
TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced that it has closed the previously announced agreements to purchase two salt water disposal wells - the Peak Water Systems SWD #1 and the Bennett SWD #1, both located in Van Buren County, Arkansas. The purchase price for the assets is approximately $20.29 million and included the refinancing of approximately $7.12 million of debt. The remaining purchase price consists of $2.63 million in cash and $10.54 million in shares of common stock. The common stock will be issued at $0.244 per share (or $2.44 after the completion of the recently announced one-for-ten reverse stock split), which is the average closing price on the OTC Pink for the 60 day period prior to execution of the agreements. TexCom, Inc. Announces Voting Results of Its 2014 Annual Meeting
PR Newswire - Mon Jul 28, 11:59AM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, is pleased to announce that at its annual meeting convened on June 26, 2014 and reconvened on July 25, 2014, shareholders of the Company voted to elect Stephen J. Barth, Randall K. Lowry, Jr., Wallis T. Marsh, Robert S. May and James Roth to its Board of Directors. The Company's shareholders also approved and ratified a one-for-ten (1-for-10) reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share, and reduction in the number of authorized shares of common stock from 100,000,000 to 50,000,000. TexCom Announces Results for 2013
Marketwire - Mon Mar 31, 6:00PM CDT
TexCom, Inc. (PINKSHEETS: TEXC) (the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced financial results for 2013. Shareholder Moves to Solicit Proxies for TexCom, Inc. Shareholder Meeting
PR Newswire - Mon Mar 31, 1:22PM CDT
Houston, Texas, privately held Weekley Energy Holdings, LLC ("Weekley"
announced today that it has sent a letter to the shareholders of publicly listed Houston-based TexCom, Inc. requesting that proxies be sent to Weekley that will demand a shareholder meeting of TexCom be called. The Weekley letter states, TexCom Announces Results for First Quarter of 2013
PR Newswire - Mon May 13, 1:14PM CDT
TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"
, an environmental services company serving the oil and gas industry, today announced record financial results for the first quarter of 2013. Financial Highlights for the first quarter 2013 compared to the first quarter 2012: Paradigm Oil and Gas finalizes All Star Advisory Board
PR Newswire - Mon Jan 07, 1:10PM CST
Paradigm Oil and Gas, Inc.'s (PDGO) President, Vince Vellardita announced today that he has hired the final members of the Company's Advisory Board which will bring a wealth of knowledge and expertise to Paradigm Oil & Gas.
