Company profile

Ticker
EMGC, EMGCQ
Exchange
CEO
Patrick J. Curry
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Imperial Holdings, Inc., IMPERIAL HOLDINGS, INC., Imperial Holdings, LLC
SEC CIK
IRS number
300663473

EMGC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Oct 20
23 Nov 20
30 Nov 20

News

Quarter (USD) Aug 20 May 20 Feb 20 Aug 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 19 Dec 17 Dec 16 Dec 15
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
27 Jan 20 Patrick J Curry Common Stock, par value $0.01 per share Grant Aquire A No 0 1,000,000 0 1,000,000
23 Dec 19 Knapp Robert C 5.00% Senior Unsecured Convertible Notes due 2023 Common Stock Other Aquire J No 2 - 1.09M -
23 Dec 19 Knapp Robert C 5.00% Senior Unsecured Convertible Notes due 2023 Common Stock Other Aquire J No 2 - 57.38K -
23 Dec 19 Knapp Robert C 5.00% Senior Unsecured Convertible Notes due 2023 Common Stock Other Dispose J No 2 - 8.41M 0
23 Dec 19 Knapp Robert C Common Stock Purchase Warrant Common Stock Other Aquire J No 0 74,000 0 74,000
23 Dec 19 Knapp Robert C Common Stock Purchase Warrant Common Stock Other Aquire J No 0 3,794 0 3,794
23 Dec 19 Knapp Robert C Common Stock Purchase Warrant Common Stock Other Dispose J No 0.2 586,794 117.36K 0
21 Dec 19 Miriam Martinez Common Stock Payment of exercise Dispose F No 0 74,125 0 386,111
21 Dec 19 Miriam Martinez Common Stock Option exercise Aquire M No 0 250,000 0 460,236
21 Dec 19 Miriam Martinez RSU Common Stock Option exercise Dispose M No 0 250,000 0 0
13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 1 0 NEW
Closed positions 1 1
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 0 4K EXIT
Total shares 300 10.13K -97.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Atlantic Trust 300 $0 NEW
Largest transactions
Shares Bought/sold Change
Victory Capital Management 0 -10.13K EXIT
Atlantic Trust 300 +300 NEW

Financial report summary

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Risks
  • We may not have sufficient funds to pay our debt and other obligations.
  • We may have exposure to greater than anticipated tax liabilities.
  • We may not have the cash necessary to repurchase the 5.0% Convertible Notes and the 8.50% Senior Secured Notes.
  • Our success in operating our life finance business is dependent on making accurate assumptions about life expectancies and maintaining adequate cash balances to pay premiums.
  • Our fair value assumptions are inherently subjective and, if the fair value of our equity investment in limited partnership decreases, we will report losses with respect to this investment.
  • Delays in payment and non-payment of life insurance policy proceeds to the limited partnership can occur for many reasons and any such delays may have a material adverse effect on our business, financial condition and results of operations.
  • We compete with a number of other finance companies and investors and may encounter additional competition.
  • If a regulator or court decides that trusts that were formed to own the life insurance policies that once served as collateral for our premium finance loans do not have an insurable interest in the life of the insured, such determination could have a material adverse effect on our investment in the limited partnership which will impact our business, financial condition and results of operations.
  • Our limited partnership is dependent on the creditworthiness of the life insurance companies that issued the policies comprising its portfolio. If a life insurance company defaults on its obligation to pay death benefits on a policy own, it would experience a loss of its investment, which could have a material adverse effect on our returns on investment, business, financial condition and results of operations.
  • If we are unable to maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the trading price of our common stock may be negatively affected.
  • Changes to statutory, licensing and regulatory regimes governing life settlements could have a material adverse effect on our activities and income.
  • Our former structured settlements business may expose us to future claims or contingent liabilities.
  • Failure to maintain the security of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information, or a violation of our privacy and security policies with respect to such information, could adversely affect us.
  • Disasters, disruptions and other impairment of our information technologies and systems could adversely affect our business.
  • Provisions in our executive officers’ employment agreements could impede an attempt to replace or remove our directors or otherwise effect a change of control, which could diminish the price of our common stock.
  • The market price of our stock has been highly volatile.
  • The conversion rate for the Convertible Notes will be adjusted in connection with a make-whole fundamental change.
  • Provisions in our articles of incorporation and bylaws, as well as the Board Rights agreements entered into as part of our 2017 recapitalization, could impede an attempt to replace or remove our directors or otherwise effect a change of control, which could diminish the price of our common stock.
  • Certain laws of the State of Florida could impede a change of control, which could diminish the price of our common stock.
Management Discussion
  • Net income from our discontinued structured settlement operations for the twelve months ended November 30, 2019 was a loss of approximately $2.4 million as compared to a net loss of $29,000 for the eleven months ended November 30, 2018. Total income from our discontinued structured settlement operations was $2.4 million compared to $17,000 for the twelve months ended November 30, 2019 and eleven months ended November 30, 2018, respectively. Income for fiscal 2019 was negatively impacted by change in fair value of investment in affiliates of approximately $2.4 million. This investment was held by our structured settlement subsidiary whose primary activities were discontinued in 2013 with the sale of the structured settlement assets and this investment in affiliates was the only portion remaining. The remaining $2.4 million was written off as a result of ongoing restructuring plans in the fourth quarter of fiscal 2019, the Company decided not to continue to pursue this line of investment.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
Coll freshman Bad
New words: attached, Cayman, duly, European, Exhibit, fee, grantor, heading, herewith, ILS, Label, Linkbase, NaN, numerator, OTCQX, prenegotiated, RSA, Schema, spread, substance, Taxonomy, thereunto, undersigned, unrelated, viatical, voluntarily, wind, XBRL
Removed: combined, compromise, lengthened, periodic, procure, revised