Past year: ▼ 100%(0.30c – 2.49 USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Apr 2008listing compliance notice▼ BadMajor
On March 28, 2008 the Amex said it intends to file to delist the company's stock, citing the financial-condition rule and a view that public distribution or market value of the stock is too low. The company believes the shares are eligible for the OTC Bulletin Board but says trading there is not assured.
1 Apr 2008late filing notice▼ Bad
Black Raven Energy, Inc. notified the SEC that its annual report would be filed late.
17 Mar 2008substantial holder notice● Neutral
Robert W. Wright reported a Black Raven Energy, Inc. shareholding of 1,314,410 shares (15.10% of votes) in a periodic institutional filing.
17 Mar 2008substantial holder notice● Neutral
Robert W. Wright reported a Black Raven Energy, Inc. shareholding of 1,314,410 shares (15.10% of votes) in a periodic institutional filing.
12 Mar 2008bankruptcy or receivership▼ BadMajor
On March 6, 2008 the company and its subsidiaries filed for Chapter 11 bankruptcy in Colorado (Case 08-12658) and will keep operating as a debtor-in-possession. This follows the lenders' default claim and the company's stated consideration of bankruptcy.
6 Mar 2008listing compliance notice▼ BadMajor
On Feb 29, 2008 the American Stock Exchange told the company its financial condition appears impaired enough to question whether it can continue operating or meet its obligations. The company must submit a compliance plan by March 14, 2008 aimed at compliance by May 28, 2008, which continues the earlier Amex listing issues.
28 Feb 2008debt financing▼ BadMajor
On Feb 22, 2008 the holders of the $15M debentures (DKR and West Coast) said the company defaulted, citing failure to honour the June 2007 letter agreement on RMG settlement proceeds and failure to maintain title to some collateral, and claimed automatic redemption at 110% of principal plus interest and charges. The company disputes this, is talking with the lenders, and says it is exploring alternatives including bankruptcy protection given its liquidity position.
14 Feb 2008substantial holder notice● Neutral
DKR Capital Partners, LP, DKR Oasis Management Company, LP, DKR Soundshore Oasis Holding Fund, Ltd., Seth Fischer reported a Black Raven Energy, Inc. shareholding of 625,000 shares (7.20% of votes) in a periodic institutional filing.
11 Feb 2008substantial holder notice● Neutral
Zesiger Capital Group LLC disclosed a new substantial Black Raven Energy, Inc. shareholding (7.60% of votes).
4 Feb 2008substantial holder notice● Neutral
West Coast Asset Management, Inc, Paul J. Orfalea, Lance Helfert, R. Atticus Lowe reported no remaining Black Raven Energy, Inc. shareholding in its periodic institutional filing.
6 Nov 2007material agreement▼ Bad
RMG's $2.25 million settlement payment was not made by Oct 31, 2007; the note was amended to extend final maturity to Feb 29, 2008, with $850,000 paid Oct 31 (received), $400,000 due on each of Nov 30, Dec 31 and Jan 31, and the balance plus interest on Feb 29, 2008. The filing restates the company's agreement with the debenture holders to pay them 50% of the $2.25M.
22 Aug 2007director interest notice● Neutral
Rick H Lawler became a Black Raven Energy, Inc. VP-Finance & Treasurer and company insider (initial ownership filing).
30 July 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 10,000 shares on the open market.
25 July 2007director interest notice● Neutral
Black Raven Energy, Inc. VP Finance & Treasurer Daniel D Reichel bought 1,500 shares on the open market at $2.31.
10 July 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth received 120,000 shares as part of the equity award.
5 July 2007director interest notice● Neutral
Black Raven Energy, Inc. Vice President & Treasurer Daniel D Reichel received a stock option grant for 10,000 shares.
3 July 2007director interest notice● Neutral
Black Raven Energy, Inc. Vice Presiden & Secretary Susan C Wright received a stock option grant for 15,000 shares.
2 July 2007director interest notice● Neutral
Black Raven Energy, Inc. director Paul L Maddock Jr. received a stock option grant for 10,000 shares.
21 June 2007debt financing● NeutralMajor
Following the May 15, 2007 settlement of the arbitration with Rocky Mountain Gas (RMG), the company will transfer certain assets to RMG for other assets plus $500,000 (paid May 22), $500,000 (paid June 21) and $2.25 million plus interest due by Oct 31, 2007. The holders of the $15M debentures (DKR and West Coast) consented on June 15, 2007 in return for 50% of the $2.25M payment, which will partly redeem the debentures with a 10% fee on the amounts redeemed.
8 June 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 10,000 shares on the open market at $2.48.
18 May 2007director interest notice● Neutral
Black Raven Energy, Inc. director Paul L Maddock Jr. bought 3,500 shares on the open market at $2.62.
17 May 2007substantial holder notice● Neutral
Lynn Sackett & Allan Weintraub Tenants in Common disclosed a new substantial Black Raven Energy, Inc. shareholding (5.60% of votes).
11 May 2007securities registration● Neutral
Black Raven Energy, Inc. filed the final prospectus for a registered offering.
27 Apr 2007securities registration● Neutral
Black Raven Energy, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
18 Apr 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 10,000 shares on the open market.
4 Apr 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 10,000 shares on the open market.
8 Mar 2007director interest notice● Neutral
Sigmund J Rosenfeld became a Black Raven Energy, Inc. director and company insider (initial ownership filing).
20 Feb 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 11,000 shares on the open market at $3.27.
20 Feb 2007director interest notice● Neutral
Black Raven Energy, Inc. President & COO William F Hayworth bought 5,000 shares on the open market at $3.20.
20 Feb 2007director interest notice● Neutral
Black Raven Energy, Inc. Chairman & CEO Robert W Wright bought 5,000 shares on the open market.
