28 Aug 2017director interest notice● Neutral
Javier F Pico became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Aug 2017director interest notice● Neutral
John G Hoffman became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
28 Aug 2017director interest notice● Neutral
J Weldon Chitwood became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
21 Aug 2017securities registration● Neutral
BIG SKY INDUSTRIAL INC. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
14 Aug 2017quarterly activities report● Neutral
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $2.0 million and net income of $336 thousand for the period ended 2017-06-30.
21 July 2017agm notice● Neutral
BIG SKY INDUSTRIAL INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
3 July 2017material agreement▼ BadMajor
USE's credit facility (now led by APEG Energy II as sole lender, having replaced Wells Fargo) was amended a fifth time: the bank granted a waiver for the company's non-compliance with all of its financial covenants going back through Q1 2017, extended the maturity to 2019, raised the interest rate to 8.75%, and loosened the coverage-ratio covenants going forward - real evidence of financial strain even as it bought USE more room.
26 May 2017director interest notice● Neutral
Ryan Lewis Smith became a BIG SKY INDUSTRIAL INC. Chief Financial Officer and company insider (initial ownership filing).
22 May 2017director interest notice● Neutral
J Weldon Chitwood became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
19 May 2017quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported a quarterly net loss of $740 thousand for the period ended 2017-03-31.
17 May 2017director interest notice● Neutral
Javier F Pico became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
17 May 2017director interest notice● Neutral
John G Hoffman became a BIG SKY INDUSTRIAL INC. director and company insider (initial ownership filing).
12 May 2017late filing notice▼ Bad
BIG SKY INDUSTRIAL INC. notified the SEC that its quarterly report would be filed late.
31 Mar 2017late filing notice▼ Bad
BIG SKY INDUSTRIAL INC. notified the SEC that its annual report would be filed late.
28 Mar 2017listing compliance notice▼ BadMajor
USE received another Nasdaq minimum-bid-price deficiency notice, its stock again failing to hold $1.00 for 30 straight days, with a new 180-day cure period running to September 19, 2017.
10 Feb 2017substantial holder notice● Neutral
CVI Investments, Inc, Heights Capital Management, Inc reported a BIG SKY INDUSTRIAL INC. shareholding of 370,200 shares (6.00% of votes) in a periodic institutional filing.
7 Feb 2017substantial holder notice● Neutral
Freeport-McMoRan Inc, Mt. Emmons Mining Company reported a BIG SKY INDUSTRIAL INC. shareholding of 729,006 shares (10.60% of votes) in a periodic institutional filing.
3 Feb 2017securities registration● Neutral
BIG SKY INDUSTRIAL INC. registered a securities offering with the SEC using its shelf eligibility.
5 Jan 2017material agreement▼ BadMajor
USE extended the Wattenberg funding deadline a third time and had to sweeten the deal by agreeing to prepay part of IronHorse's stock bonus in cash - continued financing difficulty even as management pointed to improving commodity prices.
3 Jan 2017securities registration● Neutral
BIG SKY INDUSTRIAL INC. filed notice of an exempt private placement.
29 Dec 2016substantial holder notice● Neutral
CVI Investments, Inc, Heights Capital Management, Inc disclosed a new substantial BIG SKY INDUSTRIAL INC. shareholding (8.20% of votes).
22 Dec 2016capital raising announcement▼ Bad
U.S. Energy raised $1.5 million in a registered direct offering of 1 million shares, with matching warrants exercisable at $2.05 -- a modest raise during its pre-2020 financial distress era.
What it means for a shareholder
1.0m new shares at about US$1.50 to raise about US$1.5m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held US$1,000 of shares (667 at the issue price), your slice goes from 0.013% to 0.0109% of the company. To keep it you'd need 130 more shares - about US$195 at the issue price.
Create a free account to see this worked out for your own holding.
20 Dec 2016securities registration● Neutral
BIG SKY INDUSTRIAL INC. filed a prospectus supplement for an offering off its existing shelf.
9 Dec 2016substantial holder notice● Neutral
BlackRock, Inc reported a BIG SKY INDUSTRIAL INC. shareholding of 254,654 shares (4.90% of votes) in a periodic institutional filing.
21 Nov 2016quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported a quarterly net loss of $265 thousand for the period ended 2016-09-30.
16 Nov 2016material agreement▼ Bad
The Wattenberg funding deadline was extended a second time as the drilling start date slipped further into 2017 - a real sign USE was struggling to line up the capital for the project.
15 Nov 2016late filing notice▼ Bad
BIG SKY INDUSTRIAL INC. notified the SEC that its quarterly report would be filed late.
13 Oct 2016material agreement● Neutral
USE and IronHorse pushed back the funding-proof deadline for the Wattenberg deal by a month, as the drilling program's start slipped into early 2017 while USE kept negotiating with potential financing partners.
27 Sept 2016director interest notice● Neutral
BIG SKY INDUSTRIAL INC. director Stephen Volney Conrad received 58,500 shares as part of the equity award.
27 Sept 2016director interest notice● Neutral
BIG SKY INDUSTRIAL INC. director Jerry W Danni received 58,500 shares as part of the equity award.