Key Developments: North Carolina Natural Energy Inc (NCNE.PK)
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15 Oct 2012
$0.00 (+0.00%)
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173,000
597,672
$0.98
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Latest Key Developments (Source: Significant Developments)
North Carolina Natural Energy, Inc Enters Into Agreement To Acquire Stake In Biomass Distributor
North Carolina Natural Energy, Inc announced it executed a letter of intent to acquire 40% ownership interest in Construction Management Institute (CMI) of Belfast, Maine to participate in and help manage distribution of biomass wood chip materials. Closing of the acquisition is subject to completion of final due diligence with terms and conditions being agreed upon by both parties. Of the $174,000,000 in wood biomass being sold initially under the three year contract, CMI will receive revenue of $7,200,000 and NCNE will receive revenue of $2,900,000 over three years or $984,000 per year. Full Article
North Carolina Natural Energy Inc Appoints New Accountants
North Carolina Natural Energy Inc announced it appointed Brad Hacker and Company, P.A., a firm of accountants and CPAs located in Ft. Lauderdale, Florida, providing industry-focused tax, audit, accounting, CFO/Controllership and consulting services. Full Article
Remodel Auction, Inc. Announces Name Change To North Carolina Natural Energy, Inc. And Symbol Change To NCNE
Remodel Auction, Inc. announced that Financial Industry Regulatory Authority(FINRA) approved its name and symbol change to North Carolina Natural Energy, Inc. (Pink Sheets:NCNE) to reflect the Company's expansion into the alternative renewable energy business. Full Article
Remodel Auction Inc Reverses Acquisition Of Scenic Railroad And Land Assets
Remodel Auction Inc announced by mutual consent the previously announced acquisition of 49% ownership interests in the Great Smokey Mountain Railroad of Bryson City, North Carolina, the Texas State Railroad located in Cherokee and Anderson Counties, Texas, and also a 100% ownership interest of SB Partners, LLC has been reversed and the stock previously issued in the acquisition has been cancelled and returned to the treasury. Clinton F. Walker, founder and CEO will resume control of the publicly traded company as Remodel Auction, Inc. Full Article
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