Tri Valley Corp. (TIV) Reports Q3 Loss of $0.04; Chairman Gamble Resigns
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Price: $0.05 --0%
Financial Fact:
Gain on Sale of Asset: -216.23K
Today's EPS Names:
BBGI, COHR, LVWD, More
Financial Fact:
Gain on Sale of Asset: -216.23K
Today's EPS Names:
BBGI, COHR, LVWD, More
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Tri Valley Corp. (NYSE: TIV) reported Q3 EPS of ($0.04), versus ($0.04) reported last year. Revenue for the quarter came in at $685 thousand, versus $457 thousand reported last year.
The Company also announced today that G. Thomas Gamble, the Chairman of the Board, resigned from the Board of Directors, effective today, in light of the fact that he has become the largest secured creditor of the Company and the potential conflicts of interest this could possibly create in the future. There was no disagreement between Mr. Gamble and the Company on any matter relating to the Company’s operations, policies or practices. The Company and Mr. Gamble expect that Mr. Gamble will remain an active and positive influence on the Company, both as a long-time significant investor in, and as an advisor to, Tri-Valley.
The Company also announced today that G. Thomas Gamble, the Chairman of the Board, resigned from the Board of Directors, effective today, in light of the fact that he has become the largest secured creditor of the Company and the potential conflicts of interest this could possibly create in the future. There was no disagreement between Mr. Gamble and the Company on any matter relating to the Company’s operations, policies or practices. The Company and Mr. Gamble expect that Mr. Gamble will remain an active and positive influence on the Company, both as a long-time significant investor in, and as an advisor to, Tri-Valley.
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