The New Vast Exploration Holding in Jayhawk Energy, Inc
Vast Exploration filed with the SEC SC 13D/A form for Jayhawk Energy, Inc. The form can be accessed here: 000105291816001302. As reported in Vast Exploration’s form, the filler as of late owns 101.6% or 203,228,202 shares of the -company.
Jayhawk Energy, Inc stake is a new one for the and it was filed because of activity on September 20, 2016. We feel this shows Vast Exploration’s positive view for the stock.
Reasons Why Vast Exploration Bought – Jayhawk Energy, Inc Stock
Purpose of Transaction.
The Transactions that triggered the filing of this Schedule 13D, Amendment No. 2, were various assignments of shares through Irrevocable Stock Powers, and various assignments of Common Stock Purchase Warrants (“Transaction Documents”). Therefore, as a result of the Transaction Documents, Vast Exploration, LLC’s beneficial ownership has changed although it is still in excess of 5.00 % of the Issuer’s issued and outstanding Common Stock.
On September 20, 2016, Vast Exploration, LLC divided and assigned a Common Stock Purchase Warrant originally issued by the Issuer on October 8, 2015, to Catalyst Capital, LLC, Smart Oil, LLC, JEM Equity, LLC and Valiant Capital, LLC, pursuant to an assignment the form of which is attached hereto as Exhibit B, in a transaction not involving a public offering and pursuant to an exemption from registration found in Section 4(a)(2) of the Securities Act of 1933. For more information regarding the Common Stock Purchase Warrant, please refer to the Issuer’s Current Reports on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 1, 2015.
On September 23, 2016, Vast Exploration, LLC assigned shares of the Issuer’s Common Stock through to Catalyst Capital, LLC, Smart Oil, LLC and JEM Equity, LLC, pursuant to various Irrevocable Stock Powers, the form of which is attached hereto as Exhibit C, in a transaction not involving a public offering and pursuant to an exemption from registration found in Section 4(a)(2) of the Securities Act of 1933.
Subject to ongoing evaluation, except as disclosed in the Issuer’s Periodic Reports filed with the SEC and as set forth above, the Reporting Persons currently do not have any plans or proposals that relate to or would result in any matters listed in Items 4(a)-(j)of Schedule 13D. However, in the future, the Issuer’s Board of Directors could take corporate action resulting in one or more of the actions specified in Items 4(a)-(j)of Schedule 13D, including:
(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; however, the reporting person may exercise vested common stock options in the future;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
(d) Any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of Directors or to fill any existing vacancies on the Board;
(e) Any material change in the present capitalization or dividend policy of the Issuer;
(f) Any other material change in the Issuer’s business or corporate structure including, but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;
(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or
(j) Any action similar to any of those enumerated above.
The Reporting Persons, subject to and depending upon availability of prices it deems favorable, may purchase additional shares of common stock of the Issuer from time to time from the Issuer in the open market or in privately negotiated transactions with third parties. Further, while it is not the present intention of the Reporting Persons to do so, they reserve the right to dispose of the shares of common stock held by it in the open market or in privately negotiated transactions with third parties or otherwise, depending upon market conditions and other factors.
JayHawk Energy, Inc. is an early-stage oil and gas exploration company. The Company is focused on the acquisition, development, production and sale of crude oil and natural gas from conventional reservoirs within North America. Its Girard Project is located in Crawford County, southeast Kansas. It has approximately 30 natural gas wells in the Girard Project. It also has additional oil, gas and mineral rights to approximately 11,460 lease acres in Bourbon and Crawford counties Kansas. It controls approximately 70 shut-in natural gas wells and the over 16-mile gas pipeline and compression station. The Company’s subsidiary, JayHawk Gas Transportation Corporation holds and manages the assets associated with the Girard Project.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
It is down 13.79% since March 4, 2016 and is downtrending. It has underperformed by 26.01% the S&P500.
JayHawk Energy, Inc. is an early-stage gas and oil exploration company. The company has a market cap of $979,784. The Firm is focused on the acquisition, development, production and sale of natural gas and crude oil from conventional reservoirs within North America. It currently has negative earnings. The Company’s Girard Project is located in Crawford County, southeast Kansas.
More recent Jayhawk Energy Inc (OTCMKTS:JYHW) news were published by: Streetinsider.com which released: “Form 3 Jayhawk Energy, Inc. For: Sep 20 Filed by: Smart Shawn B” on September 29, 2016. Also Pennenergy.com published the news titled: “Jayhawk Energy announce Farmout Agreement in southeast Kansas” on April 28, 2014. Seekingalpha.com‘s news article titled: “Legend Oil: Management’s Shady Past Suggests Trouble Ahead (Part 2)” with publication date: November 21, 2011 was also an interesting one.
JYHW Company Profile
JayHawk Energy, Inc., incorporated on April 5, 2004, is an early-stage gas and oil exploration company. The Firm is focused on the acquisition, development, production and sale of natural gas and crude oil, primarily from conventional reservoirs within North America. The Company’s subsidiary is JayHawk Gas Transportation Corporation.
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