SEC v NYCAL CORP - Legal Case Documents


\|

SEC v NYCAL CORP

Keywords & Phrases

CaseNo: 34-39125, Defendant: Nycal Corp, Plaintiff: SEC, UniqueCaseRef: SEC>34-39125, Exchange Act, Commission, Securities, Report, Equity Securities, Gulf, Common Stock, Pursuant, Sunlite, Shares, Amendments, Resources, Beneficial Ownership, Powerhouse, According, Principal Offices, Woodbine, Thereunder, Total Assets, Schedule, Violation, Purposes, Stockholders, Trans, Type Shares, Issuers, Net Loss, Material Changes, Holdings, Transactions , ContentID: 120245053

Case Documents

1997-09-24

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111792

24 pages
TXT

Total Documents: 1 document , 24 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

COMMISSION
SECURITIES
REPORT
EQUITY SECURITIES
GULF
COMMON STOCK
PURSUANT
SUNLITE
SHARES
AMENDMENTS
RESOURCES
BENEFICIAL OWNERSHIP
POWERHOUSE
ACCORDING
PRINCIPAL OFFICES
WOODBINE
THEREUNDER
TOTAL ASSETS
SCHEDULE
VIOLATION
PURPOSES
STOCKHOLDERS
TRANS
TYPE SHARES
ISSUERS
NET LOSS
MATERIAL CHANGES
HOLDINGS
TRANSACTIONS







                               UNITED STATES OF AMERICA
                                      Before the
                          SECURITIES AND EXCHANGE COMMISSION



     SECURITIES EXCHANGE ACT OF 1934
     Release No.  34-39125 / September 24, 1997

     ADMINISTRATIVE PROCEEDING
     File No. 3-9433


                                   :
     In the Matter of              :    ORDER INSTITUTING CEASE-
                                   :    AND-DESIST PROCEEDINGS
     NYCAL CORPORATION,            :    PURSUANT TO SECTION 21C OF
                                   :    THE SECURITIES EXCHANGE ACT
                                   :    OF 1934 AND FINDINGS AND ORDER

          Respondent.              :    OF THE COMMISSION

                                   :
                                   :


                                          I.

          The Commission deems it appropriate and in the public interest
that
     public administrative proceedings be, and they hereby are, instituted
     pursuant to Section 21C of the Securities Exchange Act of 1934
("Exchange
     Act") to determine whether Nycal Corporation ("Nycal") has failed to
comply
     with Sections 13(d) and 16(a) of the Exchange Act, and Rules 13d-1, 13d
2,
     16a-2, 16a-3 and former Rule 16a-1 promulgated thereunder.

                                         II.

          In anticipation of the institution of these administrative

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

The Commission deems it appropriate and in the public interest that public administrative

16a-3 and former Rule 16a-1 promulgated thereunder.

Solely for the purpose of these proceedings and any other proceeding brought by or on behalf

Nycal (formerly known as Nickel Resources Development Corporation and Ni Cal Developments,

Nycal beneficially owned more than 10% of the equity securities of Gulf USA Corporation,

As of May 9, 1997, Nycal's common stock was quoted in the National Quotation Bureau s "pink

Gulf USA Corporation

According to its most recent Annual Report on Form 10-K for the year ended December 31, 1992,

As of March 22, 1993, Gulf had 10,854,886 shares of common stock issued and outstanding.

Gulf reported a net loss of $49.3 million or $4.76 per share for its 1992 fiscal year.