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C. Intercompany relationships <br /> The Debtor is the wholly-owned subsidiary of Mid- <br /> Continent Minerals, Inc. ( "Minerals" ) . The shareholders of <br /> Minerals are John A. Reeves Sr. , Jacqueline T. Reeves, Donald J. <br /> Joyce Sr. , Robert Delaney, Leonard Ring, Leonard Ring Children' s <br /> Irrevocable Trust, Thomas Gibbs, Trustee, and Pitkin Iron <br /> Corporation. Minerals is a holding company and conducts no <br /> business of its own. <br /> The Debtor's current officers and directors include <br /> several shareholders of Minerals: <br /> John A. Reeves, Sr. President & Director <br /> Robert Delaney Executive V.P, Secretary, <br /> General Counsel & Director <br /> Donald J. Joyce, Sr. Executive V.P.- & Director <br /> John A. Reeves, Jr. V.P & Director <br /> Louis M. LaGiglia V.P, Treasurer & Director <br /> Minerals ' other subsidiaries -- sister corporations to <br /> the Debtor -- are: Mid-Continent Coal & Coke, Inc. ( "Coal & <br /> Coke" ) , Carbondale Mine Services, Inc. , Redstone Properties Inc. , <br /> Redstone Corporation, and Carbondale Power Services, Inc. None of <br /> these affiliates have sought bankruptcy protection. <br /> Except for office furniture, computers, and other <br /> personal property valued at less than $125,000, Minerals has no <br /> assets other than its ownership of these subsidiaries. <br /> Coal & Coke, based in Cleveland, operates a coke <br /> processing business in which it purchases coke screenings from <br /> steel manufacturers, sorts the coke, and resells it to the <br /> manufacturers. <br /> Carbondale Mine Services, Inc. was formed to run a <br /> machine shop and provide equipment repair and similar mine services <br /> to the Debtor and other mining operations. Carbondale performed <br /> major repair and maintenance work on the Debtor's mining equipment. <br /> It no longer is operating its business. Its only assets are some <br /> machinery and tools, with an estimated value of $150, 000. <br /> Redstone Properties Isand Redstone Corporation's business <br /> was the ownership of real estate, including the Historic Redstone <br /> Inn located in Redstone, Colorado. Nearly all of these properties, <br /> C2\NP51\JBB\NIDCON\DISCI0S.5TN <br /> October 6, 1993 3 <br />