This prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of shares may not be circulated or distributed, nor may the shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the Securities and Futures Act, Chapter 289 of Singapore (the SFA), (ii) to a relevant person pursuant to Section 275(1), or any person pursuant to Section 275(1A), and in accordance with the conditions specified in Section 275, of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
Peter Piotr Dimitri Galitzine hereby signs this Amendment No. 5 to the Registration Statement on behalf of the indicated persons for whom he is attorney-in-fact on August 16, 2018, pursuant to powers of attorney previously filed as Exhibit 24.1 to the Registration Statement on Form S-1 of IPSCO Tubulars Inc. filed with the Securities and Exchange Commission on March 12, 2018.
exemption from the adoption of new or revised financial accounting standards until they would apply to private companies;
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Unaudited Consolidated Statements of Comprehensive Income (Loss) for the six months ended June 30, 2018 and 2017
For the definitions of the non-GAAP financial measures of Adjusted EBITDA and Adjusted EBITDA Margin and reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to our most directly comparable financial measure calculated in accordance with GAAP, please read Non-GAAP Financial Measures.
From the late 1960s into the early ’80s, travelers and smugglers brought seeds of this amazing new “hash plant” home, and the first domestically grown Afghan cannabis sprang up in Western gardens. These early home growers were already familiar with New World landrace varieties such as Colombian, Jamaican and Mexican, along with Old World Indian, Nepali, Thai and even African. The biodiversity of introduced landraces was at its zenith.
Net Cash Provided by (Used in) Financing Activities. Net cash used in financing activities was $44.7 million for the six months ended June 30, 2018. Net cash provided by financing activities was $29.0 million for the six months ended June 30, 2017. The change in net cash is primarily attributable to the payment of a dividend to PAO TMK in June 2018. For the six months ended June 30, 2018, our proceeds from new borrowings, net of repayments, was $10.4 million. For the year ended December 31, 2017, we received $180.4 million from PAO TMK in several tranches and used these proceeds to partially repay borrowings under our former credit facility and to finance our operations. In December 2017, we made an initial draw of $82.1 million under our new revolving credit facility and used such borrowings to repay all of the $80.9 million of outstanding borrowings under the PAO TMK Term Loan.
The terms of each of these license agreements is one year, but these agreements are automatically renewed for an additional year unless terminated (i) by Ultra if OS&T breaches a covenant, representation or warranty and fails to cure, is adjudged bankrupt, has its assets placed in the hands of a receiver or makes any assignment or other accommodation for the benefit of creditors or (ii) by either party upon 30 days written notice. Ultra has recorded approximately $0 and $1.1 million in licensing revenues under these agreements for the six months ended June 30, 2017 and the year ended December 31, 2016, respectively.
I’ve been on both sides of these experiences, cycling and driving, and my estimate is about 80 to 90 percent of drivers and cyclists are trying to make it work here. That’s not good enough. Flashpoint showdowns are still common. It’s still a powder keg that could detonate any weekend.
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Because we expect to be a controlled company as of the closing of this offering within the meaning of NYSE corporate governance standards, we will not be required to, and do not currently expect to, have a nominating and corporate governance committee. If and when we are no longer a controlled company within the meaning of NYSE corporate governance standards, we will be required to establish a nominating and corporate governance committee. We anticipate that such a nominating and corporate governance committee would consist of three directors each of whom will be independent under the rules of the SEC. This committee would identify, evaluate and recommend qualified nominees to serve on the Board, develop and oversee our internal corporate governance processes and maintain a management succession plan. Upon formation of a nominating and corporate governance committee, we would expect to adopt a nominating and corporate governance committee charter defining the committees primary duties in a manner consistent with the rules of the SEC and NYSE standards.
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