CHASE PACKAGING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management'sDiscussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements The information in this report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves provided they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements (other than statements of historical fact made in this report) are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. The Company's actual results may differ significantly from management's expectations as a result of many factors. You should read the following discussion and analysis in conjunction with the financial statements of the Company and notes thereto, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of management. The Company assumes no obligations to update any of these forward-looking statements. Results of Operations During the nine months and three months ended September 30, 2009, the Company had no operations and its only income was from interest income on its money market fund classified as cash and cash equivalents. General and administrative expenses for the nine-month and three-month periods ended September 30...
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CHASE PACKAGING CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for CHASE PACKAGING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHASE PACKAGING CORP 5-Nov-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for i...
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Chase Packaging Declares 10% Stock Dividend on Its Preferred Stock

FAIR HAVEN, NJ--(Marketwire - 11/02/09) - Chase Packaging Corporation, which trades over-the-counter under the symbol "CPKA" ("Pink Sheets") (Pinksheets:CPKA - News), today announced that its Board of Directors declared a ten percent (10%) stock dividend on its outstanding Series A 10% Convertible Preferred Stock ("Preferred Stock"). Shareholders of record as of November 16, 2009, will receive the stock dividend for each share of Preferred Stock owned on that date, payable on December 1, 2009. The dividend will be paid in kind (i.e., in additional shares of Preferred Stock) based on the stated value of $100 per share. The Board's declaration is in accordance with the provisions of the Statement of Resolution Establishing the Preferred Stock which provides that the Board of Directors may, in the exercise of its sole discretion, declare and pay a ten percent (10%) annual dividend on the stated value, such dividend payable either in cash or in kind, or any combination thereof. The Board of Directors approved the declaration and payment of this ten percent 10% stock dividend by unanimous written consent of the Board of Directors of the Corporation dated October 8, 2009.Cash in lieu of fractional shares will be paid to shareholders. As of November 2, 2009, Chase Packaging had 15,536 shares of Preferred Stock outstanding.Chase ceased its prior specialty packaging business operations as of December 31, 1997, and since that time the Company's existence has been as a publicly traded development stage shell corporation. ...
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CHASE PACKAGING CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit

Show all filings for CHASE PACKAGING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHASE PACKAGING CORP 7-Oct-2009Entry into a Material Definitive Agreement, Financial Statements and Exhibit Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...
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CHASE PACKAGING CORP Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative30  33  69  51  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(30)(33)(69)(51)Income from Continuing OperationsTotal Other Income/Expenses Net2  0  4  8  Earnings Before Interest And Taxes(28)(32)(65)(44)Interest Expense -   -   -   -  Income Before Tax(28)(32)(65)(44)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(28)(32)(65)(44)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes - ...
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CHASE PACKAGING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements The information in this report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves provided they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements (other than statements of historical fact made in this report) are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. The Company's actual results may differ significantly from management's expectations as a result of many factors. You should read the following discussion and analysis in conjunction with the financial statements of the Company and notes thereto, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of management. The Company assumes no obligations to update any of these forward-looking statements. Results of Operations During the six months and three months ended June 30, 2009, the Company had no operations and its only income was from interest income on its money market fund and short-term investments which are classified as cash and cash equivalents. General and administrative expenses for the six-mont...
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CHASE PACKAGING CORP Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for CHASE PACKAGING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHASE PACKAGING CORP 11-Jun-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes...
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CHASE PACKAGING CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Forward-Looking Statements The information in this report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This Act provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about themselves provided they identify these statements as forward looking and provide meaningful cautionary statements identifying important factors that could cause actual results to differ from the projected results. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. The Company's actual results may differ significantly from management's expectations as a result of many factors. You should read the following discussion and analysis in conjunction with the financial statements of the Company and notes thereto, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of management. The Company assumes no obligations to update any of these forward-looking statements. Results of Operations During the quarter ended March 31, 2009, the Company had no operations and its only income was from interest income on its short-term investments which are classified as cash and cash equivalents. General and administrative expenses for the three-month periods ending March 31, 2009 and 2008...
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CHASE PACKAGING CORP Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION. Results of Operations During 2008, the Company had no operations and its only income was from interest income on its short-term investments which are classified as cash and cash equivalents. General and administrative expenses were $207,667 in fiscal 2008 compared to $51,114 in fiscal 2007. The increase of $156,553 was primarily due to professional fees as well as the Chief Financial Officer's salary in the amount of $17,000. Commencing November 1, 2007, the Company's Board of Directors agreed to pay the Company's Chief Financial Officer an annual salary of $17,000. No other officers or directors of the Company receive compensation other than reimbursement of out-of-pocket expenses incurred in connection with Company business and development. The Company had fiscal 2008 interest and other income of $31,476, and a net loss of ($176,191), compared with interest and other income of $23,087, $4,200 of interest expense, and a net loss of ($32,227) for fiscal 2007. Liquidity and Capital Resources At December 31, 2008, the Company had cash and cash equivalents of approximately $1,770,000. Cash and cash equivalents consist of money market funds and U.S. Treasury Bills. Working capital at December 31, 2008 was approximately $1,762,000. Management believes that its cash and cash equivalents are sufficient for its business activities for at least the next twelve months and for the costs of seeking an acquisition of an operating business. Net cash of approximately $187,000 was used in operations during fiscal 2008, an increase of approximately $173,000 over the $14,000 used in operations during fiscal 2007. This increase resulted primarily from legal fees associated with submitting to the Securities and Exchange Commission a Form S-1 registration statement during 2008. No cash flows were used or provided by investing activities for each of the pe...
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