SCHEDULE 13D/A: Major Shareholder Realty Advisors Inc Reduces Stake in New Concept Energy, Inc. Through Private Sales

Realty Advisors Inc, a significant beneficial owner of New Concept Energy, Inc., has reduced its stake by selling 498,681 shares in two privately negotiated transactions.

Summary

• This filing, Amendment No. 5 to Schedule 13D, updates previous disclosures regarding beneficial ownership of Common Stock, par value $0.01 per share, of New Concept Energy, Inc. (GBR).
• The amendment reflects the sale of a total of 498,681 shares by Realty Advisors, Inc. (RAI), one of the Reporting Persons.
• On October 31, 2024, RAI sold 248,681 shares in a privately negotiated transaction at $1.17 per share, totaling $290,956.77 in cash.
• On December 20, 2024, RAI sold an additional 250,000 shares in a separate privately negotiated transaction at $1.16 per share, totaling $290,000 in cash.
• Both sales were executed at prices less than the original price paid by RAI to the Issuer on November 26, 2018.
• As of December 20, 2024, after these transactions, Realty Advisors, Inc. directly owns 646,254 shares, representing approximately 12.59% of the outstanding shares.
• The total number of issued and outstanding shares of New Concept Energy, Inc. is believed to be 5,131,935 as of October 28, 2024.
• May Realty Holdings, Inc. (MRHI), which owns RAI, no longer directly holds shares, but is aggregated with RAI for beneficial ownership reporting.
• Mickey Ned Phillips, the sole director of RAI, holds voting and dispositive power over the shares held by RAI.

Sentiment

Score: 3

Explanation: The sentiment is negative due to a significant beneficial owner reducing their stake, especially at a loss compared to their original purchase price. This could signal a lack of confidence or a strategic divestment by a major holder.

Negatives

• A significant beneficial owner, Realty Advisors, Inc., has reduced its stake in New Concept Energy, Inc. by selling nearly 500,000 shares.
• The shares were sold at prices ($1.17 and $1.16 per share) that are less than the price originally paid by Realty Advisors, Inc. on November 26, 2018, indicating a loss on these specific transactions for the seller.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a disclosure of a change in beneficial ownership by a significant shareholder and does not provide information to analyze broader industry trends or competitor actions.

Stakeholder Impact

• Shareholders: The sale of a significant block of shares by a major beneficial owner, particularly at a loss, could be perceived negatively and potentially impact investor confidence and the company's stock price.

Key Dates

Keywords

New Concept Energy Inc, Realty Advisors Inc, Schedule 13D, Beneficial Ownership, Share Sale, Stock Transaction, SEC Filing, Common Stock, NYSE American Exchange