divewrecks
Bronze Member
- Sep 7, 2004
- 1,038
- 26
- Detector(s) used
- Minelab Explorer SE (land), Aquapulse AQ1B (sea), Fisher CZ-20 (water, beach), Fisher 1266X (woods)
Found through an accidental search. May be of historical interest to some on here. Stan
SECURITIES AND EXCHANGE COMMISSION - A brief summary of financial proposals filed with and actions by theS.E.C (Issue No. 67-127) FOR RELEASEJuly 5.
REAL EIGHT CO. FILES FOR OFFERING AND SECONDARY.
RealEight Co., Inc:., Satellite Beach. Fla. 32935,filed a registration statement (File 2-26838) with the SEC on June 29 seeking registration of 400,000 sharesof coamon stock, of which 275,000 shares are to be offered for public sale by the company and 125,000 (beingoutstanding shares) by the present holders thereof.The shares are to be offered at $4 per share with a40eperabarecommission to the underwriters, headed by Hancock Securitiea Corporation, 79 Pine St., New York.Also included in the statement are 40,000 com.on stock purchase warrants being aold to the Hancock fira atIeper warrant,exercisable for two years at $4 per share. Walter Roaenbush will be assigned 15,000 of these warrants for referring the company.The company conducts salvage operations in associacion with Treasure Salvors, Inc.; and it operates amuseum in Cape Canaveral where it displays and sells some of the items salvaged and other merchandise.Ofthe net proceeds of its stock sale, $100,000 will be used to pay an outstanding collateralized short termdebt and a like amount to complete the interior furnishings of the museum, the balance will be availablefor accelerating salvage operations and expanding its working capital, and to explore other possible salvagesites. Thenow has outstanding 1,000,000shares, all owned by Clifford "Kip" L. Wagner,company president, and nine others (including three other officers).Wagner proposes to sell 18,750 of his holdingsof 175,000 shares; and the others propose to sell shares ranging in amount from 2,500 to 16,250 shares.
The original full document is here:
http://www.sec.gov/news/digest/1967/dig070567.pdf
SECURITIES AND EXCHANGE COMMISSION - A brief summary of financial proposals filed with and actions by theS.E.C (Issue No. 67-127) FOR RELEASEJuly 5.
REAL EIGHT CO. FILES FOR OFFERING AND SECONDARY.
RealEight Co., Inc:., Satellite Beach. Fla. 32935,filed a registration statement (File 2-26838) with the SEC on June 29 seeking registration of 400,000 sharesof coamon stock, of which 275,000 shares are to be offered for public sale by the company and 125,000 (beingoutstanding shares) by the present holders thereof.The shares are to be offered at $4 per share with a40eperabarecommission to the underwriters, headed by Hancock Securitiea Corporation, 79 Pine St., New York.Also included in the statement are 40,000 com.on stock purchase warrants being aold to the Hancock fira atIeper warrant,exercisable for two years at $4 per share. Walter Roaenbush will be assigned 15,000 of these warrants for referring the company.The company conducts salvage operations in associacion with Treasure Salvors, Inc.; and it operates amuseum in Cape Canaveral where it displays and sells some of the items salvaged and other merchandise.Ofthe net proceeds of its stock sale, $100,000 will be used to pay an outstanding collateralized short termdebt and a like amount to complete the interior furnishings of the museum, the balance will be availablefor accelerating salvage operations and expanding its working capital, and to explore other possible salvagesites. Thenow has outstanding 1,000,000shares, all owned by Clifford "Kip" L. Wagner,company president, and nine others (including three other officers).Wagner proposes to sell 18,750 of his holdingsof 175,000 shares; and the others propose to sell shares ranging in amount from 2,500 to 16,250 shares.
The original full document is here:
http://www.sec.gov/news/digest/1967/dig070567.pdf
