8 Sept 2006director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick sold 6,033 shares at $5.13.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Aug 2006securities registration● Neutral
BLUE DOLPHIN ENERGY CO filed the final prospectus for a registered offering.
27 July 2006securities registration● Neutral
BLUE DOLPHIN ENERGY CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 July 2006securities registration● Neutral
BLUE DOLPHIN ENERGY CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
11 July 2006auditor change● Neutral
Auditor UHY Mann Frankfort Stein & Lipp resigned after its partners joined UHY LLP, which Blue Dolphin retained as its new independent accountant; the prior auditor's report had flagged substantial doubt about the company's ability to continue as a going concern.
25 May 2006director interest notice● Neutral
Erik Ostbye became a BLUE DOLPHIN ENERGY CO director and company insider (initial ownership filing).
16 May 2006securities registration● Neutral
BLUE DOLPHIN ENERGY CO registered a securities offering with the SEC using its shelf eligibility.
1 May 2006capital raising announcement● NeutralMajor
On April 28, 2006 Blue Dolphin sold 400,000 new shares to an institutional investor at $4.90 each (80% of the 20-day average price), raising $1.96 million (about $1.8 million after costs), plus 24,000 placement-agent warrants. This is a second private placement within two months, at a price well above the $1.75 paid in March 2006; the proceeds are for acquisitions, facility expansions and working capital. It adds to the share count, and the shares and warrants must be registered by May 15, 2006.
What it means for a shareholder
400,000 new shares at US$4.90 to raise about US$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 Mar 2006capital raising announcement● NeutralMajor
On March 8, 2006 Blue Dolphin sold 1,171,432 new shares to investors at $1.75 each, raising $2.05 million ($2.025 million after costs), plus 8,572 warrants to its placement agent Starlight Investments. The money is for possible acquisitions, facility expansions and working capital. This is new share issuance that dilutes existing holders, and the company must register the shares for resale by May 15, 2006.
What it means for a shareholder
1.2m new shares at US$1.75 to raise about US$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
31 Oct 2005financial restatement▼ BadMajor
Blue Dolphin restated its first- and second-quarter 2005 financials after finding its accounting for employees' "cashless" stock-option exercises understated compensation expense by about $686,000.
16 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director F Gardner Parker sold 101,008 shares at $2.89.
16 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Laurence N Benz sold 47,664 shares at $2.89.
14 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director F Gardner Parker exercised stock options for 483,328 shares and disposed of 723,835 shares.
14 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Laurence N Benz exercised stock options for 183,334 shares and disposed of 274,564 shares.
9 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick disposed of 128,123 shares via option/appreciation-right settlement.
9 Sept 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director James M Trimble disposed of 59,663 shares via option/appreciation-right settlement.
26 Aug 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick exercised stock options for 141,667 shares and disposed of 155,211 shares.
19 Aug 2005securities registration● Neutral
BLUE DOLPHIN ENERGY CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
19 Aug 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO director Michael S Chadwick sold 2,521 shares at $2.86.
29 July 2005director interest notice● Neutral
Gregory W Starks became a BLUE DOLPHIN ENERGY CO Treasurer and company insider (initial ownership filing).
20 July 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd exercised stock options for 22,500 shares and disposed of 28,665 shares.
6 July 2005securities registration● Neutral
BLUE DOLPHIN ENERGY CO amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO President Michael J Jacobson sold 4,000 shares at $3.91.
21 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd sold 7,407 shares at $3.90.
17 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd sold 1,366 shares at $3.70.
17 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO President Michael J Jacobson sold 6,667 shares at $3.94.
14 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Chairman & CEO Ivar Siem sold 47,500 shares at $4.37.
6 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Vice President G Brian Lloyd sold 22,691 shares at $2.97.
6 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO President Michael J Jacobson sold 144,394 shares.
6 June 2005director interest notice● Neutral
BLUE DOLPHIN ENERGY CO Chairman & CEO Ivar Siem sold 249,225 shares.