Past year: ▼ 90%(0.01c – 0.10c USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Apr 2006capital raising announcement● Neutral
Touchstone acquired rights to 2D/3D seismic data and Alabama prospect assignments from Paradigm Asset Holdings and Seismic Exchange, paying with stock, warrants and a $12,500/month consulting fee while Paradigm kept the right to take up to a 25% working interest in anything discovered.
6 Apr 2006capital raising announcement● NeutralMajor
Touchstone closed a $22 million offering of 7.5% senior convertible notes due April 2009, netting about $20.3 million used partly to pay off older notes - debt that would trigger the company's default and Chapter 11 filing less than a year later.
30 Jan 2006capital raising announcement● Neutral
Touchstone raised another roughly $8.4 million (bringing the round begun in August 2005 to about $14 million total) through stock-and-warrant private placements in the US and overseas; board member R. Gerald Bennett personally invested $252,000 through his own entity, G&S Bennett Ltd.
6 Oct 2005capital raising announcement● Neutral
Touchstone raised roughly $3.27 million in cash plus converted $1.1 million of existing debt through another private placement of common stock and warrants.
5 Apr 2005capital raising announcement● Neutral
Touchstone raised about $2.25 million by privately placing Series A convertible preferred stock and warrants.
