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Midwest Holding Inc

Midwest Holding Inc (MDWT)

26.99
0.00
(0.00%)
Closed March 29 04:00PM
0.00
0.00
(0.00%)

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Key stats and details

Current Price
26.99
Bid
26.00
Ask
27.05
Volume
-
0.00 Day's Range 0.00
13.10 52 Week Range 27.50
Previous Close
26.99
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
-
Financial Volume
-
VWAP
-

MDWT Latest News

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

  As filed with the Securities and Exchange Commission on January 5, 2024 Registration Statement No. 333-266068 333-257620 333-257015        ...

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

  As filed with the Securities and Exchange Commission on January 5, 2024 Registration Statement No. 333-266068 333-257620 333-257015        ...

Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

  As filed with the Securities and Exchange Commission on January 5, 2024 Registration Statement No. 333-266068 333-257620 333-257015        ...

Form 15-12G - Securities registration termination [Section 12(g)]

      UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 15   CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION...

Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]

        UNITED STATES     SECURITIES AND EXCHANGE COMMISSION     Washington, D.C. 20549          ...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260.843.2122370936926.1526.9925.75801726.42880755CS
5213.4899.77794226513.5127.513.11127125.6223997CS
156-23.69-46.744277821650.6852.188.851199226.13255894CS
260-40.27-59.87213797267.26688.851244129.66102234CS

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MDWT Discussion

View Posts
bobkubecka bobkubecka 11 months ago
https://www.otcmarkets.com/stock/MDWT/news/story?e&id=2513111
Midwest Holding Inc. To Be Acquired By Antarctica Capital For $27.00 Per Share
All-Cash Transaction Values Midwest at Approximately $100 Million, Representing a 97% Premium

LINCOLN, Neb. and NEW YORK, May 1, 2023 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a technology-driven life and annuity platform, and Antarctica Capital ("Antarctica"), an international investment firm, today announced they have entered into a definitive merger agreement whereby an affiliate of Antarctica will acquire Midwest in an all-cash transaction valued at approximately $100 million.

Under the terms of the agreement, Midwest shareholders will receive $27.00 in cash per share, representing a 97% premium to the Company's closing share price on April 28, 2023, and a 75% premium over Midwest's 30-day volume-weighted average price as of April 28, 2023.

Georgette Nicholas, Chief Executive Officer of Midwest, said, "This transaction delivers a substantial cash premium to our shareholders while also providing Midwest with the resources necessary to fully capitalize on our platform, business momentum and market opportunity. The Board of Directors and management team conducted a comprehensive review of value creation opportunities, and we are confident this transaction provides a highly attractive outcome for Midwest. We look forward to working with the Antarctica team in this exciting new chapter."

Chandra Patel, Managing Partner of Antarctica Capital, said, "Midwest is an innovative insurance platform with an impressive team that has built a rapidly growing annuity business. The acquisition of Midwest represents a significant milestone for Antarctica's insurance strategy. Antarctica brings to Midwest its investment management expertise and asset origination capabilities that will enable Midwest to enhance the value it provides to its policyholders. In addition, we plan on utilizing our platform and existing partnerships to accelerate Midwest's "capital light strategy" to drive future growth. We look forward to welcoming Midwest to the Antarctica family of companies."

Following closing, Midwest will continue to be led by its current leadership team. In addition, Midwest is expected to maintain its name, personnel, headquarters in Lincoln, Nebraska, and operational hubs in New York and Vermont.

Approvals

The transaction has been unanimously approved by Midwest's Board of Directors and is expected to close in the second half of 2023, subject to certain customary closing conditions, including the receipt of insurance regulatory approvals and approval by Midwest shareholders.

Midwest shareholders representing approximately 33% of the Company's issued and outstanding shares have agreed to vote their shares in favor of the transaction. The transaction is not subject to any financing conditions.

Advisors

RBC Capital Markets is serving as financial advisor to Midwest. Insurance Advisory Partners LLC has rendered a fairness opinion to the Board of Directors in connection with the proposed transaction. Fried, Frank, Harris, Shriver & Jacobson LLP is serving as transaction counsel and Lamson Dugan & Murray LLP and Primmer Piper Eggleston Cramer PC are serving as insurance regulatory counsel to Midwest. Kirkland & Ellis LLP is acting as legal advisor to Antarctica Capital on this transaction.

About Midwest Holding Inc.

Midwest Holding Inc. is a technology-enabled, services-oriented annuity platform. Midwest designs and develops in-demand annuity products that are distributed through independent distribution channels to a large and growing demographic of U.S. retirees. Midwest originates, manages, and typically transfers these annuities through reinsurance arrangements to asset managers and other third-party investors. Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form and manage their own reinsurance capital vehicles. For more information, please visit www.midwestholding.com

About Antarctica Capital

Antarctica Capital is an international investment firm headquartered in New York with assets under management of approximately $1.5 billion as of December 31, 2022. Antarctica Capital is a registered investment advisor and is dedicated to investments in private markets and real assets and the establishment of long-term capital vehicles to leverage this investment focus. Antarctica Capital's investment approach is active ownership with an inherent focus on sustainability and providing more than capital to develop companies. The firm has an absolute return focus, which leads the firm to rigorously evaluate and build conviction around idiosyncratic investment opportunities and build value through the implementation of its investment strategies, such as SIGA®, SARO® and SEREYโ„ข. For more information visit https://antarcticacapital.com/.

Contacts

Midwest Holding

Investors: ir@midwestholding.com

Media: press@midwestholding.com or Paul Caminiti / Nicholas Leasure, Reevemark, 212-433-4600

Antarctica Capital

Media: info@antarcticacapital.com

Cautionary Statement Regarding Forward-Looking Statements

This communication and any documents referred to in this communication contain certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed acquisition of Midwest Holding Inc. (the "Company") by an affiliate of Antarctica Capital, LLC, including, but not limited to, statements regarding the anticipated timing of the closing of the proposed transaction. These forward-looking statements generally are identified by the words "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "intend," "target," "contemplate," "project," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction, including approval of the proposed transaction by the stockholders of the Company and the receipt of necessary regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction, (iv) the effect of the announcement or pendency of the proposed transaction on the Company's business relationships, operating results, and business generally, including the termination of any business contracts, (v) risks that the proposed transaction disrupts current plans and operations of the Company and potential difficulties in hiring and retaining key personnel as a result of the proposed transaction, (vi) risks related to diverting management's attention from the Company's ongoing business operations, (vii) risks that any announcements related to the proposed transaction could have adverse effects on the Company's stock price, credit ratings or operating results, (viii) the outcome of any legal proceedings that may be instituted related to the Merger Agreement or the proposed transaction and (ix) the significant transactions costs that the parties will incur in connection with the proposed transaction. The risks and uncertainties may be amplified by economic, market, business or geopolitical conditions or competition, or changes in such conditions, negatively affecting the Company's business, operations and financial performance. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the Company's business as described in the "Risk Factors" section of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.

Additional Information and Where to Find It

In connection with the proposed transaction, the Company will be filing documents with the Securities and Exchange Commission ("SEC"), including preliminary and definitive proxy statements relating to the proposed transaction. A definitive proxy statement will be mailed or otherwise made available to the Company's stockholders in connection with the proposed transaction. This communication is not a substitute for the proxy statement or any other document that may be filed by the Company with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT (INCLUDING ANY SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, OR DOCUMENTS INCORPORATED BY REFERENCE IN THE PROXY STATEMENT WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Any vote in respect of resolutions to be proposed at the Company's stockholder meeting to approve the proposed transaction or other responses in relation to the proposed transaction should be made only on the basis of the information contained in the Company's proxy statement. Investors and security holders may obtain free copies of these documents (when they are available) and other related documents filed with the SEC at the SEC's website at www.sec.gov or on the Company's website at www.ir.midwestholding.com.

Participants in the Solicitation

The Company and certain of its directors, executive officers and employees may be considered participants in the solicitation of proxies from the Company's stockholders in connection with the proposed transaction. Information regarding the persons who, under the rules of the SEC, may be considered participants in the solicitation of proxies in connection with the proposed transaction, including the interests of the Company directors and executive officers in the transaction, will be set forth in the preliminary and definitive proxy statements that will be filed with the SEC relating to the transaction. Additional information regarding the Company's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in the Company's proxy statement for its 2023 annual meeting of stockholders, which was filed with the SEC on April 24, 2023. These documents are available free of charge at the SEC's website at www.sec.gov and on Company's website at www.ir.midwestholding.com.

https://c212.net/c/img/favicon.png?sn=LA85927&sd=2023-05-01 View original content:https://www.prnewswire.com/news-releases/midwest-holding-inc-to-be-acquired-by-antarctica-capital-for-27-00-per-share-301811881.html

SOURCE Midwest Holding Inc.
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Big Casino 1518 Big Casino 1518 3 years ago
Quarterly results due after market close today.

Conference call tomorrow at 11:00am CT!
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Big Casino 1518 Big Casino 1518 3 years ago
Midwest Holding Inc. ("Midwest") (NASDAQ: "MDWT"), a rapidly growing, technology-enabled, services-oriented annuity platform, announced today that The Federal Home Loan Bank of Topeka ("FHLBank Topeka") has approved Midwestโ€™s subsidiary, American Life & Security Corp. ("ALSC") as a member organization. FHLBank Topeka is one of 11 Federal Home Loan Banks across the country. Through this new membership, American Life will have access to wholesale products, services and programs to help them expand the availability of mortgage credit, and compete more effectively in their markets.

https://ih.advfn.com/stock-market/NASDAQ/midwest-MDWT/stock-news/85038561/midwest-holding-inc-announces-its-subsidiary-ame
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Big Casino 1518 Big Casino 1518 3 years ago
Effective April 2, 2021, the Registrant and its President, Mark A. Oliver, mutually agreed to terminate his employment with the Registrant as well as any other positions he held with the subsidiaries of the Registrant.

Per today's SEC filing.
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Big Casino 1518 Big Casino 1518 3 years ago
New 5% ownership!

Wellington Trust Co has acquired a 5.38% stake in the MDWT.

https://ih.advfn.com/stock-market/NASDAQ/midwest-MDWT/stock-news/84691129/schedule-13g

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Big Casino 1518 Big Casino 1518 3 years ago
New Product!

Introducing our newest product: American Classic 3yr MYGA 2.4% Rate.

American Classic 3 Year MYGA 2.25% with 0.45% bonus

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Big Casino 1518 Big Casino 1518 3 years ago
Midwest Holding added to the Russell 2000 index!

https://ih.advfn.com/stock-market/NASDAQ/midwest-MDWT/stock-news/84635524/midwest-holding-inc-joins-russell-2000-index
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Big Casino 1518 Big Casino 1518 3 years ago
Midwest Holding (MDWT) will join the Russell 2000 index on March 19!!

https://s27.q4cdn.com/816399992/files/doc_financials/2020/q4/MidwestHolding_Q42020_StakeholderLetter.pdf
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Big Casino 1518 Big Casino 1518 3 years ago

We posted strong financial results, year-over-year:
» Our annuity direct written premiums grew 158% to $415.6m
» Our adjusted revenue increased 241% to $24.1m

Cash and investments grew from $148 million in 2019 to $669.9 million in 2020. INCREDIBLE!!!

Adjusted net income for 2019 was a loss of $2.1 million. For 2020 it was a gain of $1.1 million!

For the full year 2020, annuity direct written premiums grew 158% to $415.6
million, compared to $161.4 million in 2019.

For the full year 2020, adjusted revenue was $24.1 million, an increase of 241% compared to $7.1 million in 2019. The largest components of adjusted revenue in 2020 include:

โ€ข $12.5 million of net revenue on reinsurance, primarily ceding commissions
โ€ข $4.0 million of investment income, net of expenses
โ€ข Reversal of $2.9 million of net realized losses on investments related to the
total return on the asset portfolios held by Midwest as collateral
โ€ข $3.5 million of net realized gains on investments related to FIA hedging
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Big Casino 1518 Big Casino 1518 3 years ago
10-K and conference call after market close on Monday! Expecting BIG news on earnings & maybe a new product announcement?
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Big Casino 1518 Big Casino 1518 3 years ago
Conference call scheduled for March, 15, 2021 @ 5:30pm EST to discuss 4th quarter results & fiscal year 2020.

https://ir.midwestholding.com/news/news-details/2021/Midwest-Holding-Schedules-Conference-Call-to-Discuss-Fourth-Quarter-and-Fiscal-Year-2020-Results/default.aspx

CONFERENCE CALL DETAILS
To pre-register for this call, please go to the following link (you will receive your access details via email): https://www.incommglobalevents.com/registration/client/6993/midwest-holding-inc-q42020/

WEBCAST DETAILS (Audience)
Use this link to access the audience view of the webcast.
https://event.on24.com/wcc/r/3031855/C66A671B64E3CDEB9083A1CBF9FF8408

A replay of the webcast will be made available after the call on the Investor Relations page of the Company's website at https://ir.midwestholding.com
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Big Casino 1518 Big Casino 1518 3 years ago
10-K (Annual Report) should be out in the next 2-3 weeks. I have a feeling it's going to be good!

10-Q due in May should be good also with the addition of Michigan, where the company can now sell its insurance products.
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Big Casino 1518 Big Casino 1518 3 years ago
Institutional Holders as of 2/8/2021


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Big Casino 1518 Big Casino 1518 3 years ago
American Life & Security products now approved & available for those living in Michigan!!

https://www.linkedin.com/feed/update/urn:li:activity:6764532007608360962/
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Big Casino 1518 Big Casino 1518 3 years ago
AM Best Revises Outlook of American Life & Security to positive.

https://www.businesswire.com/news/home/20210127005909/en/AM-Best-Revises-Outlooks-to-Positive-for-American-Life-Security-Corp
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Big Casino 1518 Big Casino 1518 3 years ago
Midwest Holding Initiated at Overweight by Piper Sandler
7:47 am ET January 11, 2021 (Dow Jones)

Midwest Holding Initiated at Market Perform by JMP Securities
6:28 am ET January 11, 2021 (Dow Jones)

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Big Casino 1518 Big Casino 1518 3 years ago
Midwest Holding Inc subsidiary American Life & Security Corp., upgraded by AM Best.

https://www.businesswire.com/news/home/20201202005901/en/AM-Best-Upgrades-Issuer-Credit-Rating-of-American-Life-Security-Corp.#:~:text=OLDWICK%2C%20N.J.%2D%2D(BUSINESS%20WIRE,Ratings%20(ratings)%20is%20stable.

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Big Casino 1518 Big Casino 1518 3 years ago
Sorry, average price CEO Mike Minnich purchased 2,000 shares at is $60.02.
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Big Casino 1518 Big Casino 1518 3 years ago
Co-CEO Mike Minnich purchases 2,000 shares on the open market at roughly $59.50 per share on average on 12/23/2020.
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Big Casino 1518 Big Casino 1518 3 years ago
Per the most recent 10-Q and adding the $70 million from the IPO, Midwest currently has $54 per share in cash.
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Big Casino 1518 Big Casino 1518 3 years ago
Trading has begun!
๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 3 years ago
Trading of MDWT currently halted.

https://www.nasdaq.com/market-activity/stocks/mdwt
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Big Casino 1518 Big Casino 1518 3 years ago
Midwest announces pricing of it's public offering:

https://finance.yahoo.com/news/midwest-holding-inc-announces-pricing-141500273.html?.tsrc=fin-srch

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Renee Renee 3 years ago
MDWT moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions
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Big Casino 1518 Big Casino 1518 3 years ago
Thursday morning is the expected IPO and uplist of MDWT to the Nasdaq Capital Market!!

1 hour to get your shares before tomorrow!
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Big Casino 1518 Big Casino 1518 3 years ago
MDWT expected IPO will commence on Thursday, December 17.

https://www.nasdaq.com/market-activity/ipos
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Big Casino 1518 Big Casino 1518 3 years ago
MDWT IPO PRICED!!!

1,150,000 shares will be offered on Nasdaq at a price of $74 per share.

BOOM!!!!

https://www.sec.gov/Archives/edgar/data/355379/000110465920133485/tm2034654-7_s1.htm
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Big Casino 1518 Big Casino 1518 3 years ago
MDWT on the Nasdaq IPO calendar!

https://www.nasdaq.com/market-activity/ipos

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Big Casino 1518 Big Casino 1518 3 years ago
MDWT just filed an preliminary S1 and once the shares are priced and S1 is active, will move the listing to the Nasdaq Capital Market!!!

BOOM!!

https://www.sec.gov/Archives/edgar/data/355379/000110465920121007/tm2034654-1_s1.htm
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Big Casino 1518 Big Casino 1518 3 years ago
From the most recent 13D/A filing, it looks like Xenith distributed all of the shares of MDWT to it's members (Salem & Minnich).

Doesn't say why. Hopefully the 10-Q or a NR will supply some answers!

Maybe a Nasdaq move in the making? NYSE?
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Big Casino 1518 Big Casino 1518 3 years ago
10-Q should be out within the next two weeks or so.
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Big Casino 1518 Big Casino 1518 3 years ago
Ticker is back to MDWT.
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Big Casino 1518 Big Casino 1518 3 years ago
Sorry, according to FINRA daily list, the ticker will change tomorrow (29th), back to MDWT.

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Big Casino 1518 Big Casino 1518 4 years ago
Ticker should change from MDWTD to MDWT either Friday (25th) or Monday (28th).
๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 4 years ago
During the reverse split, ticker is MDWTD.

๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 4 years ago
Thanks!

Just saw that about 20 min ago.


๐Ÿ‘๏ธ0
Renee Renee 4 years ago
MDWT one for 500 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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threewheeler threewheeler 4 years ago
500/1 https://otce.finra.org/otce/dailyList
๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 4 years ago
As of August 17, 2020 Midwest Holding Inc (MDWT) has reincorporated to Delaware.

Business is picking up!

๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 4 years ago
Updated state approval list for MDWT insurance sales (20):

Arizona, Colorado, Washington, D.C., Hawaii, Iowa, Idaho, Illinois, Indiana, Louisana, Michigan, Missouri, Montana, Nebraska, New Mexico, Nevada, Ohio, Oklahoma, South Dakota, Texas, Utah.

Pending state approval for MDWT insurance sales (5):

Arkansas, Deleware, North Carolina, North Dakota, Oregon

https://www.midwestholding.com/wp-content/uploads/2020/08/MWH-Investor-Presentation.pdf



๐Ÿ‘๏ธ0
Big Casino 1518 Big Casino 1518 4 years ago
8-K issued RE: reverse split

https://www.sec.gov/Archives/edgar/data/355379/000155837020010687/tmb-20200810x8k.htm

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On Tuesday, July 14, 2020, Midwest Holding Inc. (the โ€œCompanyโ€) held its 2020 Annual Meeting of Shareholders (the โ€œAnnual Meetingโ€). Following the receipt of stockholder approval at the Annual Meeting as described in Item 5.07 of the Companyโ€™s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 14, 2020, the Company filed an Articles of Amendment of Amended and Restated Articles of Incorporation of the Company on August 10, 2020 that, among other things, changed the total number of shares that the Company is authorized to issue is twenty-two million (22,000,000) shares of Common Stock, of which twenty million (20,000,000) shares are designated as voting common stock, par value $0.001 per share (the โ€œVoting Common Stockโ€) and two million (2,000,000) shares are designated as the nonvoting common stock, par value $0.001 per share (the โ€œNonvoting Stockโ€); and two million (2,000,000) shares of preferred stock, par value $0.001 per share (the โ€œPreferred Stockโ€).

In addition, the number of directors shall be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the whole board. The directors shall be divided into three classes, with the term of office of the first class to expire at the next annual meeting of shareholders, the term of office of the second class to expire at the annual meeting of shareholders one year thereafter and the term of office of the third class to expire at the annual meeting of shareholders two years thereafter. At each annual meeting of shareholders following such initial classification and election, directors elected to success those directors whose terms expire shall be elected for a term of office to expire at the third succeeding annual meeting of shareholders after their election.

The foregoing Articles of Amendment to the Amended and Restated Articles of Incorporation were filed with the Secretary of State of the State of Nebraska on August 5, 2020 and were accepted and effective as of August 10, 2020.

The foregoing description of the Articles of Amendment to the Amended and Restated Articles of Incorporation does not purport to be complete and is qualified in its entirety by reference to the full text of the exhibits attached hereto and incorporated by reference herein.
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Big Casino 1518 Big Casino 1518 4 years ago
Quarterly report is out!

https://www.sec.gov/Archives/edgar/data/355379/000155837020010685/mdwt-20200630x10q.htm

As of June 30, 2020 -

Investments available for resale: $200,110,287

Investments available for resale, Dec 2019: $117,241,861

___________________________________

Cash & equivalents: $75,041,902

Cash & equivalents, 2019: $43,716,205

____________________________________

Net Income: $5,011,119

Net Income, 2019 (loss): ($2,326,870)

____________________________________

Shareholder Equity: $25,952,718

Shareholder Equity, 2019: $14,034,271

_____________________________________

Quarterly loss : .013 per share.



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Big Casino 1518 Big Casino 1518 4 years ago
Thanks StealthTurtle. Good luck to you!
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StealthTurtle StealthTurtle 4 years ago
Big C...I sold out all but my computershare account which has about 1138 shares I believe. After this split, I won't have diddly squat. Haven't been nothing but disappointed with this stock since purchased back in 2009. I will continue to watch, and who knows what will happen in the future. Best of luck to you sir!
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Big Casino 1518 Big Casino 1518 4 years ago
All American Life products now available in Kansas!

https://www.linkedin.com/company/americanlife/

States that the company can sell/market in:

Montana
North Dakota
Nevada
Utah
Arizona
New Mexico
Colorado
Texas
Oklahoma
Kansas
Nebraska
Iowa
Missouri
Illinois
Indiana
Ohio
Louisiana
Washington, DC

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Big Casino 1518 Big Casino 1518 4 years ago
Annual Meeting results!

- Reverse split & change to articles of incorporation has passed

- Will reincorporate in Delaware

- Staggered board elections passed

- All board members re-elected

https://www.sec.gov/Archives/edgar/data/355379/000155837020008200/tmb-20200714x8k.htm
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Big Casino 1518 Big Casino 1518 4 years ago
Annual meeting is Tuesday, July 13, 2020 in Lincoln!

Anyone going?
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Big Casino 1518 Big Casino 1518 4 years ago
Midwest buys remaining 49% in 1505 Capital. Now owns 100%

https://ih.advfn.com/stock-market/USOTC/midwest-qb-MDWT/stock-news/82681750/current-report-filing-8-k
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Big Casino 1518 Big Casino 1518 4 years ago
New states where American Life insurance products can be sold!

-Louisiana
-Ohio
-Montana
-Washington, DC

https://www.linkedin.com/company/americanlife/
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Big Casino 1518 Big Casino 1518 4 years ago
Q & A from two months ago with CEOs of American Life, Midwest Holdings Insurance subsidiary.

https://www.blueprintincome.com/resources/inside-blueprint-income/qa-with-american-life-ceos/
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