Realty Advisors Inc. Amends Stake in New Concept Energy

TL;DR

Realty Advisors Inc. just filed an update on their New Concept Energy stake - big moves possible.

AI Summary

On November 4, 2024, Realty Advisors Inc. filed Amendment No. 4 to its Schedule 13D concerning New Concept Energy, Inc. The filing indicates a change in beneficial ownership, with Realty Advisors Inc. now holding a significant stake in the company. The filing does not specify the exact number of shares or dollar amount involved in this amendment.

Why It Matters

This amendment signals a potential shift in control or influence over New Concept Energy, Inc., which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or a shift in control, which may lead to increased volatility.

Key Players & Entities

• Realty Advisors Inc. (company) — Filing entity
• New Concept Energy, Inc. (company) — Subject company
• Steven C. Metzger (person) — Mentioned in filing

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
• $1.17 — transaction with a single purchaser at $1.17 per share (a total of $290,956.77) in c
• $290,956.77 — urchaser at $1.17 per share (a total of $290,956.77) in cash which less than the price orig

Filing Documents

• p114244sc13da4.htm (SC 13D/A) — 50KB
• 0001214659-24-018382.txt ( ) — 52KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 4 to Statement on Schedule 13D (this “ Amendment ”) amends portions of an original Statement on Schedule 13D, filed for event occurring on May 18, 2018 (the “ Original Statement ”), as amended by Amendments No. 1-2 and 3 thereto, and relates to shares of Common Stock, par value $0.01 per share (the “ Shares ”), of New Concept Energy, Inc., a Nevada corporation (the “ Company ” or the “ Issuer ” or “ GBR ”). Since October 15, 2018, the principal executive offices of the Issuer have been located at 1603 LBJ Freeway, Suite 800, Dallas, Texas 75234. The CUSIP number of the Shares is 643611-10-6. The Shares are currently listed and traded on the NYSE American Exchange. This Amendment is being filed to reflect sale of a total of 248,681 Shares (4.8457% of outstanding) on October 31, 2024, in a privately negotiated transaction by one of the Reporting Persons.

Identity and Background

Item 2. Identity and Background (a)-(c) and (f) This Amendment is being filed on behalf of Realty Advisors, Inc., a Nevada corporation (“ RAI ”). RAI is owned by May Realty Holdings, Inc., a Delaware corporation since February 1, 2021 (“ MRHI ”), which, in turn, is owned by a trust established for the benefit of the children of Gene E. Phillips, deceased, known as the “ May Trust, ” RAI and MRHI are collectively referred to as the “ Reporting Persons ,” the principal office of each of which is located at 1603 LBJ Freeway, Suite 800, Dallas, Texas 75234. As of February 22, 2021, the sole director and President of both RAI and MRHI is Mickey and Phillips, the only other officer of RAI is Gina H. Kay, Vice President, Secretary and Treasurer, and the officers of MRHI are Gina H. Kay, Vice President and Treasurer, and Louis J. Corna, Vice President and Secretary. All of the officers and directors of RAI and MRHI are U. S. citizens. (d)-(e) During the past five years, none of the Reporting Persons nor any officer or director of RAI or MRHI has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any such person been a party to a civil proceeding of a judicial administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) According to the latest information available as of June 30, 2024, the total number of issued and outstanding Shares is believed to be 5,131,935 Shares, and each of the Reporting Persons owns and holds directly the following Shares as of November 1, 2024: Name No. of Shares Owned Directly Approximate Percent of Class RAI 896,254 17.46 % MRHI -0- -0- % TOTAL 896,254 17.46 % 4 Pursuant to Rule 13d-3 under the Exchange Act, each of the directors of RAI may be deemed to beneficially own the Shares held directly by RAI. Those individuals and the number of Shares deemed beneficially owned pursuant to Rule 13d-3 and the approximate percent of class, as well as the relationship, are set forth in the following table as of November 1, 2024: Name of Director or Manager Entity No. of Shares Beneficially Owned Approximate Percent of Class Mickey Ned Phillips RAI and MRHI 896,254 17.46 % Total Shares deemed beneficially owned by Reporting Persons and individuals listed above: 896,254 17.46 % (b) The director of RAI holds voting and dispositive power over the Shares held directly by RAI. Mickey Ned Phillips, the sole director of RAI, holds voting and dispositive power over any Shares held directly by RAI. (c) During the sixty calendar days ended November 1, 2024, the Reporting Persons and their executive officers and directors did not engage in any transaction in the Shares or any other equity interest derivative thereof, except for the sale of 248,681 Shares on October 31, 2024, in a privately negotiated transaction with a single purchaser at $1.17 per share (a total of $290,956.77) in cash which less than the price originally paid to the Issuer by RAI on November 26, 2018. (d) No person other than the Reporting Persons or members of their respective Boards of Directors is known to have the right to receive or the power to direct receipt of dividends from, or the proceeds of sale o

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The Reporting Persons do not have any contracts, arrangements, understandings or relationships, legal or otherwise, with any person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities, finders= fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or losses, or the giving or withholding of proxies.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits None. 5

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the respective knowledge or belief, the undersigned certify that the information set forth in this Amendment is true, complete and correct. Dated: November 2, 2024 REALTY ADVISORS, INC. By: /s/ Gina H. Kay Gina H. Kay, Vice President, Secretary and Treasurer MAY REALTY HOLDINGS, INC. By: /s/ Gina H. Kay Gina H. Kay, Vice President and Treasurer 6