|Bid||0.00 x 1300|
|Ask||0.00 x 1800|
|Day's Range||2.00 - 2.00|
|52 Week Range||1.91 - 2.47|
|PE Ratio (TTM)||7.49|
|Earnings Date||Aug 9, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
During the second quarter of 2018, PalletOne reported significant increases in its quarterly revenue and EBITDA as compared to revenue and EBITDA generated during the first quarter of 2018 and also as compared to revenue and EBITDA during the second quarter of 2017. Equus holds an 18.7% fully-diluted share interest in PalletOne, one of the largest wooden pallet manufacturers in the United States. The Fund received advice and assistance from a third-party valuation firm to support its determination of the fair value of this investment. Increase in the Value of Equus Energy. The Fund established Equus Energy, LLC (“Equus Energy”) as a wholly-owned subsidiary in 2011 to be used as a platform for energy-related investments, with particular emphasis on oil and gas enterprises. Equus Energy owns various working interests, which are presently derived from 144 producing and non-producing oil and gas wells, including associated development rights of approximately 22,360 acres, situated on 12 separate properties in Texas and Oklahoma.
Holders of 86.77% of the Company’s outstanding shares were present in person or represented by proxy at the Annual Meeting and approved the election of the five director nominees, the appointment of BDO for fiscal year 2018, and the compensation paid to the Company’s named executive officers in 2017 (non-binding). The specific voting results of the Annual Meeting are set forth in the Company’s Current Report on Form 8-K filed today with the Securities and Exchange Commission.