Facebook Users

Will TEJS go up?

TEJS Tejas Inc. featured news, full reports, and detailed charts

Tejas Inc. (TEJS/TEJS.PK) Wrap Up:

Tejas Incorporated operates as a financial services holding company in the United States. The company engages in the research on equities, distressed debt, and special situation securities. It primarily focuses on the research of wireless and wire-line telecommunications, cable, satellite, transportation, energy, alternative energy, and municipal securities. The company also offers trading and other brokerage services to institutional and retail investors active in distressed corporate bonds, bank notes issued by distressed companies, mortgage-backed derivative products, municipal bonds, and government and government-backed securities, as well as equity instruments. In addition, Tejas Incorporated provides corporate finance and strategic advisory services to middle-market companies. Its brokerage customers include money managers, mutual funds, hedge funds, private and public pension funds, banks, insurance companies, savings associations, state and municipal funds, and high net-worth retail clients. The company was founded in 1990 and is headquartered in Austin, Texas.
www.tejs.com
56 Employees
Founded in 1994

Tejas Inc. (TEJS:OTC)

Market Cap
4.4M
Total Revenue
9.7M
EBITDA
--
DILUTED EPS TTM
-1.67
P/E
--
P/S
0.5x
Return On Asset
-32.13
Return On Equity
-50.43
K = Thousands  M = Millions  B = Billions

TEJS Top Compensated Officers

Mr. Mark M. Salter
Chief Executive Officer, Director of Sales an...
Age: 49
Total Annual Compensation: $315.5K
Mr. Kurt J. Rechner CPA, CFA
President, Chief Operating Officer, Chief Fin...
Age: 48
Total Annual Compensation: $530.0K
Mr. Kurt E. Morales CPA
Principal Accounting Officer and Director of ...
Age: 43
Total Annual Compensation: $189.2K

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments for Tejas Inc. (TEJS)

Tejas Files Form 15

Tejas Inc has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

Tejas Inc. Announces the Resignation of Dennis Punches as Director, Effective May 15, 2008

Tejas Inc. announced that on May 14, 2008, Dennis Punches tendered his resignation, to be effective May 15, 2008, from his position as a director of the Company. Mr. Punches informed Tejas Incorporated that he resigned in order to devote more time to his other professional and personal demands.

Tejas Incorporated Announces Intention To Voluntarily Delist

Tejas Incorporated announced that it intends to voluntarily deregister its common stock on or about May 30, 2008. On or about that date, Tejas will file a Form 15 with the Securities and Exchange Commission (SEC) to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. Upon the filing of the Form 15, Tejas's obligation to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8-K, will immediately be suspended. Tejas expects that the deregistration of its common stock will become effective 90 days after the date the Form 15 is filed with the SEC. As a result of the filing of the Form 15, Tejas expects that its shares will no longer be quoted on the OTC Bulletin Board. Tejas anticipates that its common stock may be traded on the Pink Sheets after it deregisters. However, Tejas can give no assurances that its common stock will be traded on the Pink Sheets or, if it is traded on the Pink Sheets, whether an active trading market will develop for its common stock. Kurt Rechner, Tejas's President and Chief Financial Officer, stated, "After assessing the advantages and disadvantages of remaining a registered company, our Board of Directors unanimously concluded that it is in the best interests of the Company and its stockholders to deregister its common stock. The substantial out-of-pocket costs, as well as the significant demands on management's time and focus, necessary to comply with SEC reporting, including the additional costs that would be required in order to comply with Section 404 of the Sarbanes-Oxley Act, outweigh the benefits the Company receives from maintaining its registered status. We believe that deregistering will allow us to reduce current expenses, avoid substantial future costs, and free our management team to focus more of its time and resources on operating the Company and enhancing stockholder value." Tejas currently expects that it will continue to provide its stockholders with periodic financial and operational information. The financial statements contained in these updates may be un-audited and will not have the detail required of a company that files reports with the SEC. The Company anticipates filing the Form 15 on or about May 30, 2008. The Company intends to issue an announcement after it files the Form 15 with the SEC.

otc, otcbb, pinksheet, TEJS, ob Tejas Inc.

TEJS Competitors

Company Last Change
Broadpoint Gleacher Securities Group Inc $5.99 USD -0.12
Evercore Partners Inc $31.37 USD -0.28
Merriman Curhan Ford Group Inc $1.13 USD +0.06
Paulson Capital Corp $1.40 USD 0.00
Sanders Morris Harris Group Inc $4.79 USD -0.16
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation TEJS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

TEJS

 | 

TEJS transactions

Type
Date
Target
No transactions in the last 6 months.

More Recent News About Tejas Inc.

Would you like to leave a comment about Tejas Inc. TEJS/TEJS.PK

Besides Tejas Inc. there is more great information available at Realpennies.com