Talk about a shell game. . . who's Greek shipping company is it anyways??
1995, Nattem USA reorganizes under the name Comtec International [YLRS] [financed by the founder of Ceaser's Palace] sec.gov
Before going bankrupt, did Comtec International sell their Greek shipping line to Midland? techstocks.com
On February 18, 1997 (the "Closing Date"), Registrant, Midland, Inc.,
f/k/a, America's Coffee Cup, Inc.,executed, delivered and closed under a Plan and Agreement of Purchase (the "Purchase Agreement") with the shareholders (the "Shareholders") of MILL-AGRO (HELLAS) SA, a Panamanian company, and MEGAHEL NAUTICAL SA, a Greek company (both of which business
entities are collectively referred to herein as the "Subsidiaries"), whereby Registrant acquired from the Shareholders all of the outstanding proprietary interest of these entities, thereby making them wholly-owned subsidiaries of Registrant. The Subsidiaries have now changed, or will forthwith change, their names to Midland Steamship SA and Midland Agricultural SA
NOTE: Did Midland change the name of their Greek shipping company to
NOBLE HOUSE, SA instead??
The assets of the Subsidiaries, as of December 31, 1996, and as reported on by the Republic of Greece, Ministry of Commerce on February 14, 1997, aggregated $3,675,163 in amount and consisted of office, furniture and various equipment, accounts receivable, freight advances, bank balances, and fixed assets consisting of two hydrofoils, one hopper-barge, one motor-tanker and one motor-bulk carrier, all of which are used in the
shipping business of the Subsidiaries. The liabilities of the Subsidiaries, as of December 31, 1996, and as reported on by the Republic of Greece, Ministry of Commerce on February 14, 1997, aggregated $1,545,435 in amount and consisted primarily of accounts payable. The result of the foregoing was an equity amount of $2,129,728. sec.gov
Good time to take a look at these boats . . .NOT: techstocks.com
Ships include the NATTEM X, the NATTEM XI and the NATTEM XV
NATTEM LINES
21-23, Sachtouri Street,
185 36 Piraeus,
Tel 4532028, 4521317, 4186014,
4280160-3, 4282875-6,
Fax 4181333, Tlx 211735, 211207
CNH Holdings [CNHH] Company headquarters = Mark Pierce's Denver legal office
Pierce is an officer in both Midland Inc. and CNH Holdings.
sec.gov
Now from SEC files on Midland Inc., formerly known as America's Coffee Cup [ACC]
In September 1995, defendants Robert Marsik and Mark Pierce hired
Pignatiello to raise the public market price of ACC common stock in advance
of a secondary offering of ACC securities. At the time, Marsik and Pierce
served as directors of ACC and were ACC's principal shareholders. In
addition, Marsik served as ACC's President. From September 1995 through
March 1996, ACC paid Pignatiello a monthly fee for his services and
provided Pignatiello with a small block of ACC stock. In turn, Pignatiello
directed Mazzeo at Colin, Winthrop to act as a market maker for ACC stock
and, through accounts controlled by Constance Pignatiello and himself,
Pignatiello began purchasing ACC stock to absorb the supply of ACC stock
coming into the market. For example, during the period from October 1995
through April 1996, account records show that Pignatiello was responsible
for 94% of all retail purchases of ACC stock. As Pignatiello exerted
control over the supply of ACC common stock, the price of ACC common stock
rose from $.20 in September 1995 to $2.00 per share in May 1996, just prior
to a scheduled secondary offering. The ACC manipulation scheme failed to
achieve its original goals when the secondary offering scheduled for May
1996 was withdrawn by ACC's underwriter and a secondary offering completed
in August 1996 involved much less favorable terms for ACC, Marsik and
Pierce. sec.gov
Midland Inc. SEC Filings:
sec.gov
CNHH History included a 1-for1000 reverse split - posted Feb 10,1998:
techstocks.com
BOTTOM LINE:
February 10, 1998
CNHH buys Noble House, SA and their Greek shipping line from Midland [MIDL]:
techstocks.com
August 9, 1998
Midland buys Greek shipping line from Noble House, SA [CNHH]:
newsalert.com
Who paid whom for what?
It is no wonder the SEC is suddenly very interested in Greek Shipping. People. . . let's stick to companies with verifiable revenues and long standing business histories, and for goodness sake, let's do our homework.
Rande Is
~~~~~NOTE: This is not a reccommedation to buy or sell any stock. I am strictly a private investor and am specifically not a shareholder in any of the above named companies.
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