Meridian National Corp. said it sold 750,000 shares of its common stock to the McAlpine family interests, for $1 million, or $1.35 a share. The sale represents 10.2% of Meridian's shares outstanding. The McAlpine family, which operates a number of multinational companies, including a London-based engineering and construction company, also lent to Meridian National $500,000. That amount is convertible into shares of Meridian common stock at $2 a share during its one-year term. The loan may be extended by the McAlpine group for an additional year with an increase in the conversion price to $2.50 a share. The sale of shares to the McAlpine family along with the recent sale of 750,000 shares of Meridian stock to Haden MacLellan Holding PLC of Surrey, England and a recent public offering have increased Meridian's net worth to $8.5 million, said William Feniger, chief executive officer of Toledo, Ohio-based Meridian.

To whom did Meridian sell 10.2% of its shares?

How would the universe look without gravity? It would have no planets and no stars. Thats how it looked when it was young. When the universe was young, there was only gas and dust. From this gas and dust, everything we now see was made. How were stars and planets created from just gas and dust? The answer is gravity. The same gravity that holds you down on Earth. The same force that causes your pencil to roll off your desk. The same force that causes it to fall to the floor. The invisible force of gravity caused dust and gas particles to be pulled together. This force is what formed all the objects in our solar system. This force formed the smallest moons. It also formed our Sun. This force caused more than just our solar system to form. It caused all the other solar systems to form. It caused the formation of all the galaxies of the universe.

What has gravity formed in our universe?

Nine families displaced by a fire at Alamo Hills Apartments in March filed lawsuits Wednesday against the apartment complex. They allege that the complex could have done more to protect belongings they were forced to abandon in the aftermath of the blaze. Bernard Dempsey Jr., an attorney with Western Michigan Legal Services, the group that represents the tenants, said Alamo Hills gave the displaced families very limited opportunity to remove belongings. "They were given three days to get their stuff out, and if they couldn't get moved out in three days, their stuff was discarded," Dempsey said. "Alamo Hills just threw it out." Others, he said, lost possessions to looters after the March 23 blaze, which left 78 people temporarily homeless. According to the lawsuit, the tenants were prohibited from entering their apartments to retrieve possessions and were promised that the complex would provide security. A spokesperson for PM One, the company that manages Alamo Hills, could not be reached for comment. Nine separate suits were filed in 8th District Court, which handles civil claims of less than $25,000. "We're asking for the reimbursement of the value of their property and a small amount for stress -- $3,000 on top of their out-of-pocket expenses for their lost stuff," Dempsey said. "They're not looking to get rich off this. A lot of this is simply because they were treated so badly." Dempsey said most of the tenants who filed suits still live at the apartment complex, although many are trying to find homes elsewhere. "The new apartments (they were provided) were not in very good shape. That's actually one of the claims," he said.
What is the difference in value between the maximum of a civil claim in 8th District Court, and the reimbursement requested by Dempsey on top of out-of-pocket expenses?