4 Apr 2017capital raising announcement▼ Bad
Del Toro Silver issued 806,575 more shares at $0.01 to settle further accumulated interest on the same long-running $50,000 debt.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Dec 2016capital raising announcement▼ Bad
Del Toro Silver issued 683,836 shares at $0.01 to settle roughly two years of accumulated interest on the same $50,000 debt it had been paying down in kind since 2015.
20 Sept 2016capital raising announcement▼ BadMajor
Del Toro Silver renewed the Bowerman Holdings (California) deal once more, extending the closing to March 2017 - nearly five years after the original 2011 signing - this time paying for the extension with 1,000,000 shares issued to Bowerman's parent, Trinity Alps Resources.
4 May 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting the same note, continuing the steady monthly dilution.
25 Apr 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting the same note, again signed by CFO Patrick Fagen.
18 Apr 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,246,875 more shares converting the Asher note; the filing was signed by CFO Patrick Fagen rather than CEO Greg Painter, who had signed every prior 8-K.
21 Jan 2016capital raising announcement▼ Bad
Del Toro Silver issued 1,245,000 more shares converting part of the same October 2013 Asher note.
13 Jan 2016capital raising announcement▼ Bad
CFO Patrick Fagen disclosed three more convertible loans made in late 2015 (September, October and December), and the company issued 1,246,000 more shares converting the October 2013 Asher note.
21 Dec 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,246,386 more shares converting part of its October 2013 Asher note - conversions from that single note had by now been running in similar roughly-1.2-million-share tranches for over a year.
9 June 2015capital raising announcement▼ Bad
CFO Patrick Fagen made two more small loans to the company, $1,500 in May 2015 (convertible at $0.005 per share) and another in June, continuing the pattern of the CFO personally keeping it funded.
13 Apr 2015capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company $2,100, convertible at $0.0025 per share.
31 Mar 2015capital raising announcement▼ Bad
Del Toro Silver issued 603,836 shares at $0.01 to settle accrued interest on a $50,000 debt, and 3,571,429 shares to CFO Patrick Fagen to convert just $7,500 of loan principal at $0.0021 per share - among the lowest conversion prices yet, showing how far the stock had collapsed.
24 Mar 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,230,769 more shares converting part of its October 2013 Asher note, renewed CEO Painter's and CFO Fagen's consulting agreements (backdated to September 2013), and took on another Fagen convertible loan.
15 Jan 2015capital raising announcement▼ Bad
Del Toro Silver issued 1,245,833 more shares converting part of its October 2013 Asher Enterprises note.
12 Nov 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $1,300, convertible at $0.005 per share - roughly 95% below the $0.10 conversion rate used on loans made less than eighteen months earlier.
28 Oct 2014capital raising announcement▼ BadMajor
Del Toro Silver extended the Bowerman Holdings closing again, this time to August 2015 - nearly four years after the deal was first signed in November 2011.
26 Aug 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,139,535 more shares converting part of its October 2013 Asher Enterprises note.
18 Aug 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company $4,000, convertible at $0.015 per share.
21 July 2014capital raising announcement▼ Bad
Del Toro Silver hired investor-marketing consultant Daniel T. Cook, paying him 1,000,000 restricted shares plus a 6% finder's fee on any capital he helped raise - more stock-based spending on promotion rather than operations.
27 June 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $1,500, convertible at $0.02 per share, as the stock kept sliding.
21 May 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver $17,500, convertible at just $0.025 per share - a fraction of the $0.10 rate used on loans through 2013, reflecting how far the stock had fallen.
5 May 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,085,333 more shares converting part of its October 2013 Asher Enterprises note.
22 Apr 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $5,000 more, convertible at $0.10 per share.
27 Mar 2014capital raising announcement▼ Bad
CEO Greg Painter loaned the company just $3,000 more, convertible at $0.10 per share - a notably small amount suggesting the company was scraping for even minimal cash.
6 Mar 2014capital raising announcement▼ Bad
CEO Greg Painter loaned Del Toro Silver another $10,000, convertible at $0.10 per share.
31 Dec 2013capital raising announcement▼ BadMajor
Del Toro Silver took on a fifth Asher Enterprises toxic note, $31,500 on the same 8%/death-spiral terms as the prior four.
31 Oct 2013capital raising announcement▼ BadMajor
Del Toro Silver took on a fourth Asher Enterprises toxic note, $51,500 at 8% interest with the same death-spiral conversion formula (50% of the lowest three-day average price).
23 Sept 2013capital raising announcement▼ Bad
Del Toro Silver borrowed $50,000 from a new lender, Shawn Pennington, convertible at just $0.05 per share - half the $0.10 rate used on its officer loans, reflecting the stock's continued slide.
30 Aug 2013capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver another $60,000, convertible at $0.10 per share.
26 July 2013capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver $60,000, convertible at $0.10 per share - his largest single loan yet.