Gene Birtcher, the totally genius CEO/CFO of New Concept Energy (hahahahah), wrote off almost 10.5 million dollars of a loan to a related party( Including himself). The pay back should be 20% above that balance when you consider
a 7% interest rate over 3 years or more. OK, $2.5 million has been paid back. They call this profit on the statement, however this is a deception. There is no profit, as, gas revenues don't even supercede expenses, and the convalescent
home is marginal at best. They are running a shell game.
They should retire at the convalescent home themselves, the whole gang of them, and let someone come in to run things with atleast a half a brain..