![]() ![]() The Torchlight board has appealed the order to close. The “separation” comes on the heels of a State Board of Education order earlier this month to close the K-8 school in Raleigh due to concerns about inadequate board oversight, problems in its special education programs, poor management of federal grants and violations of federal conflict of interest and self-dealing regulations. Thank you for reading.Don McQueen and wife Cynthia McQueen no longer lead Torchlight Academy, Stephon Bowens, the attorney for the school’s board of directors confirmed Tuesday.īowens told Policy Watch that the “parties have agreed to a mutual separation” from the school the couple has led for more than two decades. Simply Wall St has no position in the stocks mentioned. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. If you spot an error that warrants correction, please contact the editor at This article by Simply Wall St is general in nature. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. ![]() We aim to bring you long-term focused research analysis driven by fundamental data. This may not be consistent with full year annual report figures. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. You can find historic revenue and earnings in this detailed graph.īut ultimately it is the future, not the past, that will determine how well the owners of this business will do. I like to dive deeper into how a company has performed in the past. While it is well worth considering the different groups that own a company, there are other factors that are even more important. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. Private companies may be related parties. It seems that Private Companies own 4.3%, of the TRCH stock. They can also exercise the power to decline an acquisition or merger that may not improve profitability. With this size of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. The general public, who are mostly retail investors, collectively hold 60% of Torchlight Energy Resources shares. You can click here to see if those insiders have been buying or selling. I would say this shows alignment with shareholders, but it is worth noting that the company is still quite small some insiders may have founded the business. Insiders own US$28m worth of shares in the US$113m company. Our information suggests that insiders maintain a significant holding in Torchlight Energy Resources, Inc. However, on some occasions too much power is concentrated within this group. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. ![]()
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