| Gateway American Properties Corporation | |||
| Proposed Ticker: | - | 9145 East Kenyon Avenue, Suite 200 | |
| Exchange: | NASDAQ-Small Cap Market | Denver, CO 80237 | |
| Industry: | Construction (SIC Code 1521) | (303) 694-1982 | |
| # of Employees: | 12 | ||
| Type of Shares: | Common Shares | Filing Date: | 10/16/97 | |
| U.S. Shares Filed: | 1,500,000 | Filing Price: | $4.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $6,000,000 | |
| Primary Shares: | 1,500,000 | Expenses: | $420,000 | |
| Secondary Shares: | 0 | Shares Out After: | 3,852,000 |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 747-1202 |
| Issuer's Law Firm: | General Counsel |
| Bank's Law Firm: | Carter, David A. |
| Auditor: | Gelfond Hochstadt Pangburn Stark & Co., |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 6/30/97 | 6/30/96 | 6/30/97 | ||
| Revenue: | $10.50 | $5.05 | $5.02 | Assets: | $19.99 |
| Net Income: | $0.11 | $0.40 | -$0.05 | Curr Assets: | |
| EPS: | Liabilities: | $19.18 | |||
| Prior EPS: | -$0.63 | -$2.52 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$4.40 | $0.67 | $2.58 | Equity: | $0.80 |
| Cash Flow/Fin: | $4.59 | -$0.12 | -$0.03 | Cash: | $0.05 |
| Cash Flow/Inv: | -$0.06 | -$0.12 | |||
| Business Description |
| The company has been engaged in the business of purchasing and developing real property into platted, finished and semi-finished lots for sale to residential homebuilders. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for the acquisition and development of real estate properties, including off-site development improvements, for reduction of debt, for marketing and advertising, and for general corporate purposes. |
| Additional Underwriter Compensation |
| Warrant to purchase 150,000 shares/units at a nominal price. |
| Exercise price of $6.00 for 5 year(s), 0 year(s) from . |