Concord Camera Corp
Article Abstract:
New York investor Ira J. Hechler will be helping Concord Camera Corp meet its financial needs for the peak summer production months in exchange for which he will be allowed to purchase a total of 3 million shares in the company. The company will be getting up to $3 million in secured short-term loans, an extension on its obligations to Midlantic National Bank and up to $1 million for product development through Hechler. For these financial favors Hechler will be issued purchase warrants for 3 million shares, half for $6 each and the other half for $9 each, and the option of a company president.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Advance Ross Corp
Article Abstract:
Advance Ross Corp (AROS) sold its shares in NaTec Resources for $12 million. This manufacturer of electrostatic precipitators is plannning to acquire Europe Tax-Free Shopping AB which is a Gothenburg, Sweden-based firm that earns revenues much higher than that of AROS. A planned merger between AROS and Environmental Services of America was put off, resulting in some financial losses for AROS. Its stock has recently been strong, and no dividends are given for the 1.8 million common shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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