TRHI Trist Holdings, Inc. featured news, full reports, and detailed charts
Trist Holdings, Inc. (TRHI/TRHI.OB) Wrap Up:
Trist Holdings, Inc. does not have significant operations. It intends to seek a suitable candidate for a business combination with a private company. Previously, the company was engaged in acquisitions of parcels of land primarily through the real property tax lien foreclosure process. Trist Holdings, Inc. was formerly known as Landbank Group, Inc. The company is based in Van Nuys, California.Founded in 1997
Trist Holdings, Inc. (TRHI:OTC Bulletin Board Market)
LAST $0.02 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 16, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Trist Holdings, Inc. (TRHI)
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OPEN
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PREVIOUS CLOSE
$0.02
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/24/09 - $0.05
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52 WEEK LOW
03/6/09 - $0.02
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MARKET CAP
2.1M
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AVERAGE VOLUME 3 mo
572.0
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DILUTED EPS TTM
$-0.0021
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SHARES OUTSTANDING
89.2M
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TRHI Does Not Pay Dividends
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P/E TTM
NM
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TRHI Top Compensated Officers
Mr. Eric Stoppenhagen
Principal Executive Officer, President, Chief...
Age: 35
Total Annual Compensation: $48.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Trist Holdings, Inc. (TRHI)
Trist Holdings Mulls Business Combination
10/29/2009
Trist Holdings, Inc., in a filing with the Securities and Exchange Commission said that, the company is looking for suitable companies for a business combination. The company said, “We suffered recurring losses from operations and have an accumulated deficit of $2,590,836 at September 30, 2009. Currently, we are a non-operating public company. We seek suitable candidates for a business combination with a private company. In the event we use all of our cash resources, Woodman and Europa have indicated their willingness to loan us funds at the prevailing market rate until such business combination is consummated.”
Trist Holdings Inc. Enters into A Revolving Promissory Note with Landbank, LLC
10/23/2009
On October 19, 2009, Trist Holdings Inc. entered into a revolving promissory note with Landbank, LLC. Under the terms of the revolving Note, Landbank agreed to advance to the company, from time to time and at the request of the company, amounts up to an aggregate of $500,000 until October 19, 2010. All advances shall be paid on or before October 19, 2010 and interest shall accrue from the date of any advances on any principal amount withdrawn, and on accrued and unpaid interest thereon, at the rate of 8% per annum, compounded annually. The company's obligations under the revolving note will accelerate upon a bankruptcy event of the company, any default by the company of its payment obligations under the revolving note or the breach by the company of any provision of any material agreement between the company and the noteholder. As of the date of the Revolving Note, $336,518 was deemed outstanding under the Revolving Note.
Trist Holdings Inc. Appoints Anton & Chia, LLP as Auditor to Replace Kabani & Co
05/13/2009
On May 13, 2009, the Trist Holdings Inc. dismissed Kabani & Co. as its principal independent accountant. Kabani report on the company's financial statements for the year ended December 31, 2008 did not contain an adverse opinion or disclaimer of opinion except that the audit reports for the fiscal years ended December 31, 2007 and 2008 contained an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern. On May 13, 2009 the company retained Anton & Chia, LLP to serve as the company's principal independent accountant.
TRHI Competitors
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Industry Analysis
| Valuation | TRHI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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TRHI transactions
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More Recent News About Trist Holdings, Inc.
More news for TRHI
TRIST HOLDINGS, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue - - - - Cost of Revenue - - - - Gross Profit - - - - Operating ExpensesResearch Development - - - - Selling General and Administrative25 23 56 32 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss(25)(23)(56)(32)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes(25)(35)(43)(32)Interest Expense14 15 12 12 Income Before Tax(39)(50)(56)(44)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(39)(38)(68)(44)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes -...Click here to read the whole Article (external link)
TRIST HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended December 31, 2008 and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our condensed financial statements and the notes to the condensed financial statements included elsewhere in this Form 10-Q. The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Annual Report on Form 10-K for the year ended December 31, 2008 in the section entitled "Risk Factors" for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this quarterly report on Form 10-Q. The following should also be read in conjunction with the unaudited condensed financial statements and notes thereto that appear elsewhere in this report. Overview We were incorporated...Click here to read the whole Article (external link)
TRIST HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended December 31, 2008 and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our condensed financial statements and the notes to the condensed financial statements included elsewhere in this Form 10-Q. The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Annual Report on Form 10-K for the year ended December 31, 2008 in the section entitled "Risk Factors" for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this quarterly report on Form 10-Q. The following should also be read in conjunction with the unaudited condensed financial statements and notes thereto that appear elsewhere in this report. Overview We were incorporated...Click here to read the whole Article (external link)
TRIST HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended December 31, 2008 and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our condensed consolidated financial statements and the notes to the condensed consolidated financial statements included elsewhere in this Form 10-Q. The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. We strongly encourage investors to carefully read the factors described in our Annual Report on Form 10-K for the year ended December 31, 2008 in the section entitled "Risk Fact...Click here to read the whole Article (external link)
TRIST HOLDINGS, INC. Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with the Financial Statements and notes thereto included in Item 8 of Part II of this Annual Report on Form 10-K. Overview We were incorporated in the State of Delaware as Camryn Information Services, Inc., on May 13, 1997. We operated for a brief period of time before it ceased operations on February 25, 1999 when it forfeited its charter for failure to designate a registered agent. We remained dormant until 2004 when it renewed its operations with the filing of a Certificate of Renewal and Revival of Charter with the State of Delaware on October 29, 2004. On November 3, 2004, we filed a Certificate of Amendment and our name was formally changed from Camryn Information Services, Inc. to iStorage Networks, Inc. Such change became effective on November 8, 2004. We subsequently changed its name to Landbank Group, Inc., on January 27, 2006, following the acquisition of Landbank, LLC, a California limited liability company ("LLC"). We previously engaged in business through LLC which made bulk acquisitions of parcels of land, primarily through the real property tax lien foreclosure process. The bulk acquisitions were then divided into smaller parcels for resale. On December 31, 2007, we transferred all of its respective rights in and to LLC and its business and changed its name to Trist Holdings, Inc. As a result of such transfer, we are a non-operating public company and our operating results through December 31, 2007 are not meaningful to our future results. We seek suitable candidates for a business combination with a private company. We currently not engage in any business activities that provide cash flow. During the next twelve months we anticipate incurring costs related to: (i) filing Exchange Act reports, and (ii) investigating, analyzing and consummating an acquisition. ...Click here to read the whole Article (external link)
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