Galenfeha, Inc. (OTCMKTS:GLFH) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On December 21, 2016, the company filed a Form 8-K with the commission which disclosed the conditions of the newly created Series B preferred stock. The Series B preferred stock votes 1:1; is subject to all splits the same as common; converts back to common 1:1; and cannot be converted back to common for resale in the open market until a 30 day VWAP (volume weighted average price) of $.45 cents has been met in Galenfeha’s public trading market. All future sales of company securities by affiliates will adhere to rules and regulations of the Commission.
On December 30, 2016, the affiliates of the company moved a total of 27,347,563 common shares into the Series B preferred stock, and at the time of this filing, the outstanding share structure of the Company’s common stock is 68,718,537
About Galenfeha, Inc. (OTCMKTS:GLFH)
Galenfeha, Inc. is an engineering, product development and manufacturing company. The Company provides solutions for oil and natural gas production, as well as stored energy products across multiple industries. The Company provides these products and services through its Stored Energy and Oil and Gas division. The Company, through Daylight Pumps, LLC (Daylight), produces injections pumps to the oil and gas industry. It offers contractual engineering services, and develops and manufactures products for natural gas producers, and various industries mainly in the states of Texas and Louisiana. The Company’s product, Lithium iron Phosphate (LiFePO4) Stored Energy Systems, is available in over four battery sizes, including approximately 30 ampere hour (Ah), 40Ah, 120Ah and 120Ah Severe Duty (SD). Its other products include Daylight Chemical Injection Pumps, Galenfeha Custom Package Assemblies, Chargers and Portable Power Pack. Galenfeha, Inc. (OTCMKTS:GLFH) Recent Trading Information
Galenfeha, Inc. (OTCMKTS:GLFH) closed its last trading session up +0.0155 at 0.0775 with 123,341 shares trading hands.
