Ed, looks like "Westamerica Corporation, completed on February 25, 1998, the divestiture of its oil and gas subsidiary, ECC Energy Corporation ("ECC"), a California corporation, to Edward R. Foraker, of Scottsdale, Arizona, effective as of January 1, 1998 ("Purchase Date").
This is taken from FORM 8-K filed on February 25, 1998.
There's also information in there about the sale of 15,000 Series AA Non-voting Convertible Preferred Stock for $1.5 million. WACC should receive the money within 90 days. It would be great if you could find out from your broker what the scoop is on the conversion of these preferred as per Item 9.
This means we will see a press release this week. It also means we should have a few bucks in our pockets to get started in the timeshare business. (JMHO)
Who knows what the March winds will blow our way!
JOE |
