|By PR Newswire||
|April 7, 2014 01:11 PM EDT||
SAN ANTONIO, April 7, 2014 /PRNewswire/ -- Weekley Energy Holdings, LLC ("Weekley") announced today that it is extending the date to return proxies to April 20, 2014 as a result of a flurry of interest over the past few days. Last week we sent a letter to the shareholders of publicly listed Houston-based TexCom, Inc. requesting that proxies be sent to Weekley that will demand a shareholder meeting of TexCom be called. The Weekley letter states:
"I believe this stock is grossly undervalued as a consequence of (a) it is not reporting as a public company under the 1934 Act, (b) its moving its state of incorporation from Texas to Nevada, and (c) management's failure to take steps to maximize the share price." Weekley now adds, "That after many conversations the next largest complaint has been the lack of liquidity of the stock."
A webpage has been established providing a proxy that can be printed and sent back via US Mail, email or fax. That site address is www.texcomproxy.com. Many shares are held in street name and Weekley does not have access to the list, however, scores of these shareholders have called.
"Please send your completed proxy to me by April 20, 2014 so I can go before management to demand a shareholders' meeting to protect our interests."
SOURCE Weekley Energy Holdings, LLC