16 Nov 2015late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2015quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $474 thousand for the period ended 2015-06-30.
14 Aug 2015late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
16 July 2015director interest notice● Neutral
David B. Hardman became a American Sands Energy Corp. Chief Financial Officer and company insider (initial ownership filing).
29 June 2015late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its annual report would be filed late.
17 Mar 2015director interest notice● Neutral
American Sands Energy Corp. Chief Financial Officer Daniel F Carlson gifted 10,000 shares.
13 Feb 2015quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $624 thousand for the period ended 2014-12-31.
18 Nov 2014quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $909 thousand for the period ended 2014-09-30.
13 Nov 2014late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
8 Sept 2014director interest notice● Neutral
American Sands Energy Corp. director Mark F. Lindsey received a stock option grant for 125,000 shares.
29 Aug 2014director interest notice● Neutral
American Sands Energy Corp. director Gayle Mckeachnie received a stock option grant for 125,000 shares.
25 Aug 2014director interest notice● Neutral
American Sands Energy Corp. director William H Champion received a stock option grant for 125,000 shares.
25 Aug 2014director interest notice● Neutral
American Sands Energy Corp. Chief Executive Officer William C Gibbs received a stock option grant for 125,000 shares.
25 Aug 2014director interest notice● Neutral
American Sands Energy Corp. Chief Financial Officer Daniel F Carlson received a stock option grant for 125,000 shares.
25 Aug 2014director interest notice● Neutral
American Sands Energy Corp. director Justin Ransom Swift II received a stock option grant for 125,000 shares.
15 Aug 2014quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $888 thousand for the period ended 2014-06-30.
14 Aug 2014late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
3 July 2014director interest notice● Neutral
American Sands Energy Corp. 10%+ owner Life Power & Fuels LLC disposed of 1,000,000 shares via option/appreciation-right settlement.
20 June 2014director interest notice● Neutral
William H Champion became a American Sands Energy Corp. director and company insider (initial ownership filing).
12 June 2014director interest notice● Neutral
American Sands Energy Corp. Chief Financial Officer Daniel F Carlson received a stock option grant for 125,000 shares.
14 Apr 2014securities registration● Neutral
American Sands Energy Corp. filed notice of an exempt private placement.
2 Apr 2014asset acquisition disposition● NeutralMajor
On March 28, 2014 (closed March 31) the company bought a trailer-mounted mobile oil recovery system from Elemax, Inc. for $50,000 cash and 214,285 Series A preferred units. It also sold 155,178 more units to four investors at $1.40 each ($217,250), and on April 1 issued common stock to pay accrued pay: 525,715 shares to CEO William C. Gibbs ($184,000), 333,333 shares to CFO Daniel F. Carlson ($116,667) and 150,000 shares to C14 Strategy, LLC, a consulting firm controlled by the former CEO. Each Series A share has a $1.40 liquidation preference over common and converts to four common shares. This adds equipment and converts some owed pay to shares, which increases the common share count.
21 Mar 2014capital raising announcement● NeutralMajor
In March 2014 the company sold more Series A preferred stock units to 15 investors, with listed sales of $1,500,000 on March 13 and smaller amounts on March 18 to 21, about $2.14 million in total. The units carry the same $0.45 and $0.70 warrants as before. This continues the Series A fundraising, and the amount raised in this filing is much larger than earlier batches. Because the issuances add preferred stock with priority over common, existing common holders are further subordinated and diluted (inference).
11 Mar 2014securities registration● Neutral
American Sands Energy Corp. amended a filing by which it filed notice of an exempt private placement.
7 Mar 2014capital raising announcement▼ BadMajor
Between January 31 and March 5, 2014 the company sold four more batches of Series A preferred stock units to four individuals, totalling $450,000 (321,429 units). Each unit includes a preferred share and warrants at $0.45 and $0.70 per common share; a placement agent is owed a $45,000 commission plus 128,572 warrants at $0.35. The board also raised the authorised Series A shares from 3,250,000 to 4,750,000. The filing states that Series A has priority over common stock on dividends and in liquidation, which limits what common holders could receive.
24 Feb 2014director interest notice● Neutral
American Sands Energy Corp. 10%+ owner Life Power & Fuels LLC disposed of 4,656,709 shares via option/appreciation-right settlement.
24 Feb 2014director interest notice● Neutral
American Sands Energy Corp. director Edward P Mooney disposed of 4,656,709 shares via option/appreciation-right settlement.
19 Feb 2014quarterly activities report▼ Bad
American Sands Energy Corp. reported quarterly revenue of $0 and a net loss of $973 thousand for the period ended 2013-12-31.
14 Feb 2014late filing notice▼ Bad
American Sands Energy Corp. notified the SEC that its quarterly report would be filed late.
17 Dec 2013director interest notice● Neutral
Hidden Peak Partners, LLC became a American Sands Energy Corp. 10%+ owner and company insider (initial ownership filing).