Past year: ▼ 87%(18.8c – 1.50 USD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Feb 2002listing compliance notice● Neutral
A second amended Form 15 was filed, again ending registration and reporting duties for the common and preferred stock with one holder of record; it adds reliance on Rule 15d-6 and drops Rule 12h-3(b)(2)(ii) compared with the prior amendment. No new financial or deal information.
20 Feb 2002listing compliance notice● NeutralMajor
American Resources filed a Form 15 amendment to end its SEC registration and reporting duties for its common and Series 1993 preferred stock, stating there is one holder of record. This follows the February 19, 2002 meeting date for the Blue Dolphin merger; the filing itself does not state the vote result or that the merger closed (an inference is that it did).
19 Feb 2002listing compliance notice▼ BadMajor
AMERICAN RESOURCES OFFSHORE INC deregistered its securities, ending its obligation to file reports with the SEC.
25 Jan 2002business combination● NeutralMajor
The final proxy was issued, setting the stockholder vote on the Blue Dolphin merger for February 19, 2002 (record date January 23, 2002). The common-stock share option changed from 0.0276 to 0.0362 of a Blue Dolphin share (cash still $0.06), while preferred terms are unchanged at 0.0301 share or $0.07. Blue Dolphin's roughly 77% common and 50.4% preferred stakes are expected to be voted in favour.
21 Dec 2001business combination● NeutralMajor
American Resources filed a preliminary proxy statement/prospectus asking stockholders to vote on the amended Blue Dolphin merger at a special meeting in 2002 (date left blank). It repeats the terms: 0.0276 Blue Dolphin share or $0.06 cash per common share, 0.0301 share or $0.07 cash per preferred share, with a 70% cap on cash for common holders. The board recommends approval and appraisal rights are available under Delaware law. This is a draft, subject to completion.
20 Dec 2001business combination● NeutralMajor
The merger agreement with Blue Dolphin was amended and restated, replacing the stock-only terms with a choice: common holders may take 0.0276 Blue Dolphin share or $0.06 cash per share, and preferred holders 0.0301 share or $0.07 cash. Cash to common holders is capped at 70% of total common consideration. Blue Dolphin now reports owning about 77% of common and 50.4% of preferred and intends to vote in favour; this revises the August 2001 terms.
31 Aug 2001business combination● NeutralMajor
American Resources signed a merger agreement with Blue Dolphin Energy Company, which already owned about 77% of its common stock. Under the original terms, shareholders would receive Blue Dolphin shares (one per 36.2 common shares, one per 33.2 preferred shares), with ARO becoming a wholly owned Blue Dolphin subsidiary. A special committee of directors unaffiliated with Blue Dolphin found the deal fair to minority holders, and Blue Dolphin said it would vote its shares in favour, though the merger still needs stockholder approval.
21 June 2001dividend declaration▲ Good
The board declared a special cash dividend of $0.02 per share on common stock, payable July 12, 2001 to holders of record on July 2, 2001. The company reported 51,283,590 common shares and 39,682 preferred shares outstanding.
