other material
confidence high
sentiment negative
materiality 0.15
New Concept Energy (GBR) annual meeting lacks quorum, adjourned to Dec 19
New Concept Energy, Inc.
- Meeting on Dec 4, 2024 had insufficient proxies; quorum required at least 2,566,247 votes.
- Record date Oct 28, 2024: 5,131,934 common shares and 559 Series B preferred shares outstanding.
- Matters scheduled: election of directors and ratification of independent auditor.
- Meeting recessed to Dec 19, 2024 at 10:30 a.m. to allow further proxy solicitation.
- Management and board will seek additional proxies to achieve quorum during recess.