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Ownership Interests in Two Companies

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Ownership Interests in Two Companies



Minimum Price: $325,000.00


Other Item Info
Item #: kyebke_245102
Created: 02/25/2015
Category: Business Property > Investments > Partnership interests/ LLC/LLP
Sale Location: Lexington, Kentucky
Sale Date: Fri. Mar 27, 2015
Seller Info
Robert J Brown
Trustee
250 W Main St #1600
Lexington, KY 40507-1746
(859) 233-2012
Bankruptcy Info
Case #: 1:12-bk-10029
Court: Kentucky Eastern Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Sale of Ownership Interests in Two Companies describe as below:

  • Ultra Energy Resources, LLC: The Seller owns 36% of the membership interest in Ultra (“Ultra Membership Interest”). Ultra, in turn, owns 100% of the membership interest in Carbon Fuels Properties, LLC (“CFP”). CFP is the fee simple owner of approximately 7,400 acres of real property, including mineral rights, spanning West Virginia and Kentucky on which metallurgical coal is mined. CFP has received periodic royalties from the mining operations, which flow through to Ultra and, ultimately, to Ultra’s members.
  • Compressus Stock: The Seller owns the following certificated shares of Compressus Stock. On information and belief, the shares referenced herein were subject to a reverse 3:1 stock split by Compressus in 2010: (a) 200,000 shares of Series A Convertible Preferred Stock; (b) 80,000 shares of Series B Convertible Preferred Stock; (c) 670,000 shares of Series C Preferred Stock; (d) 10,000 shares of Series C Preferred Stock; (e) 170,000 shares of Series C Preferred Stock; (f) 115,000 shares of Series D Preferred Stock

Sale Location

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250 West Main Street, Suite 1600
Lexington, KY,

Additional Details

  1. Hearing to be held on April 6, 2015, at 10:00
  2. Bid Amount: $350,000Bid Increment Amount: $25,000


Other Information

Terms and Conditions:

See attached.


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