Midwest Energy Emissions Corp. is an environmental services and technology company, which engages in the development of mercury emission control technologies. It delivers patented and proprietary solutions to the global coal-power industry to remove mercury from power plant emissions. The company was founded by Richard A. MacPherson on July 19, 1983 and is headquartered in Lewis Center, OH.
Company profile
Ticker
MEEC
Exchange
Website
CEO
Richard A. MacPherson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Thermo Fisher Scientific • Rockwell Automation • Trimble • Cubic • MTS Systems • Faro • Onto Innovation • Geospace Technologies • Owlet • 908 Devices ...
Former names
China Youth Media, Inc., DIGICORP, DIGICORP, INC.
SEC CIK
Corporate docs
IRS number
870398271
MEEC stock data
Investment data
Securities sold
Number of investors
Calendar
18 May 22
9 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 376.7K | 376.7K | 376.7K | 376.7K | 376.7K | 376.7K |
| Cash burn (monthly) | 337.2K | 133.79K | 377.98K | 360.74K | 336.31K | 140.93K |
| Cash used (since last report) | 1.45M | 576.58K | 1.63M | 1.55M | 1.45M | 607.35K |
| Cash remaining | -1.08M | -199.88K | -1.25M | -1.18M | -1.07M | -230.65K |
| Runway (months of cash) | -3.2 | -1.5 | -3.3 | -3.3 | -3.2 | -1.6 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 May 22 | Pavlish John | Stock Option Common Stock | Grant | Acquire A | No | No | 0.21 | 500,000 | 105K | 500,000 |
| 31 May 22 | Jami L. Satterthwaite | Stock Option Common Stock | Grant | Acquire A | No | No | 0.21 | 100,000 | 21K | 100,000 |
| 31 May 22 | Greenberg Christopher | Common Stock | Grant | Acquire A | No | No | 0 | 150,000 | 0 | 4,350,869 |
| 31 May 22 | Kaye David M | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0 | 100,000 |
| 31 May 22 | Trettel James | Stock Option Common Stock | Grant | Acquire A | No | No | 0.21 | 500,000 | 105K | 500,000 |
Institutional ownership, Q3 2019
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0 |
| Total shares | 0 |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Financial report summary
?Content analysis
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| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
add, added, affirm, denied, fifteen, forfeit, judicial, jury, nonqualified, proposal, reconsideration, reversed, revoke, seventeen, Sponsor, subsequent, team, trial
Removed:
advisory, applied, approach, arrangement, ASU, authoritative, CFO, complexity, description, Europe, European, gas, hope, introduction, liquidity, longer, methane, modify, narrative, nonemployee, oil, penetrate, primary, prospectively, pursue, retrospectively, simplify, Simplifying, Subtopic, terminated, testing, timeline, unrealized
Current reports
8-K
Changes in Registrant's Certifying Accountant
8 Aug 22
8-K
Unregistered Sales of Equity Securities
6 Jun 22
8-K
ME2C® Environmental to Present at the 34th Annual ROTH Conference
10 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
25 Feb 22
8-K
ME2C® Environmental Announces Preliminary 2022 Revenue Guidance and Outlines Key Priorities and Milestones for 2022
17 Feb 22
8-K
ME2C® Environmental Announces Debt Repayment Agreement
28 Jan 22
8-K
Departure of Directors or Certain Officers
26 Nov 21
8-K
Results of Operations and Financial Condition
5 Nov 21
8-K
Regulation FD Disclosure
5 Oct 21
8-K
Unregistered Sales of Equity Securities
28 Jun 21
Registration and prospectus
D/A
$2.6M in debt / options / securities to be acquired, sold $1.8M, 11 investors
20 Aug 19
D
$2.6M in debt / options / securities to be acquired, sold $1.3M, 8 investors
28 Jun 19
D
$3.5M in debt / options / securities to be acquired, sold $560K, 9 investors
28 Jun 18
424B3
Prospectus supplement
10 Jan 17
S-1
IPO registration
22 Dec 16
D
$13.46M in equity, sold $13.46M, 25 investors
21 Nov 16
D
$10M in debt / securities to be acquired, sold $10M, 1 investor
26 Aug 14
D/A
$5M in equity / options / securities to be acquired, sold $1.05M, 16 investors
15 May 14
D
$50K in equity, sold $50K, 1 investor
4 May 14
Other
EFFECT
Notice of effectiveness
9 Jan 17
CORRESP
Correspondence with SEC
5 Jan 17
UPLOAD
Letter from SEC
5 Jan 17
UPLOAD
Letter from SEC
19 Nov 15
CORRESP
Correspondence with SEC
5 Nov 15
UPLOAD
Letter from SEC
1 Nov 15
UPLOAD
Letter from SEC
26 Dec 12
CORRESP
Correspondence with SEC
20 Dec 12
UPLOAD
Letter from SEC
13 Dec 12
UPLOAD
Letter from SEC
15 Feb 12
Ownership
4
Midwest Energy Emissions / James Trettel ownership change
2 Jun 22
4
Midwest Energy Emissions / David M Kaye ownership change
2 Jun 22
4
Midwest Energy Emissions / Christopher Greenberg ownership change
2 Jun 22
4
Midwest Energy Emissions / Jami L. Satterthwaite ownership change
2 Jun 22
4
Midwest Energy Emissions / John Pavlish ownership change
2 Jun 22
4
Midwest Energy Emissions / David M Kaye ownership change
24 Nov 21
4
Midwest Energy Emissions / Jami L. Satterthwaite ownership change
24 Nov 21
4
Midwest Energy Emissions / James Trettel ownership change
24 Nov 21
4
Midwest Energy Emissions / John Pavlish ownership change
24 Nov 21
4
Midwest Energy Emissions / Christopher Greenberg ownership change
24 Nov 21
Patents
Utility
Sorbents for the oxidation and removal of mercury
23 Nov 21
Various embodiments disclosed relate to sorbents for the oxidation and removal of mercury.
Utility
Sorbents for the Oxidation and Removal of Mercury
18 Nov 21
Various embodiments disclosed relate to sorbents for the oxidation and removal of mercury.
Utility
Activated carbon sorbent including nitrogen and methods of using the same
13 Jul 21
The present invention relates to activated carbon sorbents including nitrogen.
Utility
Sorbents for the Oxidation and Removal of Mercury
10 Jun 21
A promoted carbon and/or non-carbon base sorbent are described that are highly effective for the removal of mercury from flue gas streams.
Utility
Sorbents for the Oxidation and Removal of Mercury
6 May 21
A promoted activated carbon sorbent is described that is highly effective for the removal of mercury from flue gas streams.
Transcripts
2021 Q3
Earnings call transcript
16 Nov 21
2021 Q2
Earnings call transcript
17 Aug 21
2021 Q1
Earnings call transcript
18 May 21
2018 Q4
Earnings call transcript
11 Apr 19
2018 Q3
Earnings call transcript
13 Nov 18
2018 Q2
Earnings call transcript
14 Aug 18
2018 Q1
Earnings call transcript
21 May 18
2017 Q4
Earnings call transcript
17 Apr 18
2017 Q3
Earnings call transcript
20 Nov 17