New Concept Energy, Inc. Receives NYSE Regulation Letter
April 26 2018 - 5:18PM
Business Wire
New Concept Energy, Inc. (NYSE American:GBR) announced that, on
April 23, 2018, the Company received notice from NYSE Regulation,
indicating that the Company is currently below compliance with the
NYSE American Exchange’s continued listing standards of reported
stockholders’ equity at December 31, 2017 and losses from
continuing operations in three of its four most recent fiscal years
ended December 31, 2017, as required by Section 1003 of the NYSE
American Company guide. The Company has been afforded the
opportunity to submit a Plan by May 23, 2018, advising of actions
it has taken or will take to regain compliance with the continued
listing standards by October 23, 2019. The Company’s plan is to
include specific milestones, quarterly financial projections and
details related to any strategic initiatives it plans to complete.
Once the plan is submitted, NYSE Regulation will review the plan
and provide guidance to the Company of its acceptance or lack
thereof. The Company is in the process of preparing the plan for
timely submission by May 23, 2018 to become in full compliance with
all continued listing standards of the NYSE American Exchange.
About New Concept Energy, Inc.
New Concept Energy, Inc. is a Dallas-based oil and gas company
which owns oil and gas wells and mineral leases in Ohio and in West
Virginia. For more information, visit the Company’s website at
www.newconceptenergy.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180426006929/en/
New Concept Energy, Inc.Gene Bertcher,
800-400-6407info@newconceptenergy.com
New Concept Energy (AMEX:GBR)
Historical Stock Chart
From May 2024 to Jun 2024
New Concept Energy (AMEX:GBR)
Historical Stock Chart
From Jun 2023 to Jun 2024