| Business Summary | | Regency
Equities
Corp.
owns
and
leases
to
third
parties
a
shopping
center
in
Grand
Rapids,
Michigan.
Approximately
12%
of
the
shopping
center's
space
is
leased
to
a
tenant.
During
2000
and
the
preceding
several
years,
substantially
all
of
the
Company's
remaining
assets
have
consisted
of
cash
that
has
been
deposited
with
several
United
States
banks.
First
Lincoln
Holdings,
Inc.
(First
Lincoln)
beneficially
owns
72,867,965
shares
of
the
Company's
common
stock,
which
represents
83.48%
of
its
outstanding
common
stock.
Of
that
aggregate
number
of
shares,
First
Lincoln
is
the
record
owner
of
1,010,000
shares,
and
Evergreen
Acceptance
Corporation,
a
wholly
owned
subsidiary
of
First
Lincoln,
is
the
record
owner
of
71,857,965
shares. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Regency
Equities
Corp.
owns
and
leases
to
third
parties
a
shopping
center
in
Grand
Rapids,
Michigan.
12%
of
the
shopping
center
is
leased
to
a
tenant.
For
the
three
months
ended
3/31/01,
revenues
increased
6%
to
$48
thousand.
Net
loss
totaled
$80
thousand,
up
from
$34
thousand.
Revenues
reflect
increased
interest
income
due
to
higher
average
cash
balances.
Higher
loss
reflects
legal
fees
related
to
a
proposed
merger
that
was
terminated. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Allan Chapman, 63 Chairman,
Pres, CEO | $40K | Morris Engel, 74 CFO
and Treasurer | -- | William Adams, 71 Director
and Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|