19 July 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 July 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it registered a securities offering with the SEC.
6 July 2016production update▼ BadMajor
Endurance told shareholders its 2015 SS Connaught salvage stalled after the wreck site was found entangled in industrial fishing gear beyond its equipment's capability. The company said it had filed to raise up to $2.5M and was waiting on SEC effectiveness before it could resume operations.
8 June 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it registered a securities offering with the SEC.
27 May 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it registered a securities offering with the SEC.
12 May 2016quarterly activities report▼ Bad
Endurance Exploration Group, Inc. reported a quarterly net loss of $80 thousand for the period ended 2016-03-31.
11 May 2016director interest notice● Neutral
Endurance Exploration Group, Inc. VP Guy M. Zajonc sold 750 shares at $0.35.
11 May 2016director interest notice● Neutral
Endurance Exploration Group, Inc. VP Guy M. Zajonc sold 1,115 shares at $0.35.
6 May 2016director interest notice● Neutral
Endurance Exploration Group, Inc. VP Guy M. Zajonc sold 1,115 shares at $0.35.
29 Apr 2016director interest notice● Neutral
Endurance Exploration Group, Inc. VP Shareholder Communications Keith Holloway bought 100,000 shares on the open market at $0.00.
29 Apr 2016director interest notice● Neutral
Endurance Exploration Group, Inc. Vice President Carl Dilley sold 100,000 shares at $0.00.
19 Apr 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it registered a securities offering with the SEC.
18 Apr 2016securities registration● Neutral
Endurance Exploration Group, Inc. registered a securities offering with the SEC.
15 Mar 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it filed notice of an exempt private placement.
15 Mar 2016securities registration● Neutral
Endurance Exploration Group, Inc. amended a filing by which it filed notice of an exempt private placement.
16 Nov 2015quarterly activities report▼ Bad
Endurance Exploration Group, Inc. reported a quarterly net loss of $748 thousand for the period ended 2015-09-30.
14 Aug 2015quarterly activities report▼ Bad
Endurance Exploration Group, Inc. reported a quarterly net loss of $126 thousand for the period ended 2015-06-30.
26 June 2015director interest notice● Neutral
Endurance Exploration Group, Inc. Vice President Carl Dilley sold 70,000 shares.
16 June 2015director interest notice● Neutral
Endurance Exploration Group, Inc. CEO & President Micah James Eldred sold 100,000 shares at $0.00.
9 June 2015material agreement▲ Good
Endurance licensed exclusive video footage rights from its SS Connaught recovery mission to NBC News, a non-dilutive media partnership timed to the summer 2015 salvage attempt.
1 June 2015substantial holder notice● Neutral
Steven Saint Armour disclosed a new substantial Endurance Exploration Group, Inc. shareholding (5.80% of votes).
21 May 2015director interest notice● Neutral
Endurance Exploration Group, Inc. director Amour Steven Saint bought 2,000,000 shares on the open market at $0.25.
18 May 2015material agreement● NeutralMajor
For the SS Connaught salvage mission, Endurance signed two more insider-linked contracts: $500,000 in stock to board member Steven Saint Amour's company, Eclipse Group, for ROV crew and equipment, and a no-fee vessel charter from Overseas Marine Vessel Holding, a company affiliated with CEO Micah Eldred (Endurance covers only operating costs).
12 May 2015quarterly activities report▼ Bad
Endurance Exploration Group, Inc. reported a quarterly net loss of $73 thousand for the period ended 2015-03-31.
23 Mar 2015director interest notice● Neutral
Endurance Exploration Group, Inc. CEO & President Micah James Eldred sold 100,000 shares at $0.01.
23 Mar 2015director interest notice● Neutral
Endurance Exploration Group, Inc. CEO & President Micah James Eldred sold 100,000 shares at $0.00.
18 Feb 2015securities registration● Neutral
Endurance Exploration Group, Inc. filed notice of an exempt private placement.
17 Feb 2015director interest notice● Neutral
Endurance Exploration Group, Inc. Vice President Carl Dilley bought 286,667 shares on the open market.
17 Feb 2015director interest notice● Neutral
Endurance Exploration Group, Inc. CEO and President Micah James Eldred bought 913,333 shares on the open market.
10 Feb 2015capital raising announcement● NeutralMajor
Endurance hired Freedom Investors as placement agent to raise up to $3.75M (15M shares at $0.25) to fund salvage of its first confirmed wreck, the gold-carrying SS Connaught off New England. The company noted it had already relied on personal cash advances from its own officers in 2014 to verify the wreck's identity before this raise.
What it means for a shareholder
15.0m new shares at US$0.250 to raise about US$3.8m. That's 29% dilution: every existing holder's slice gets 29% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.0109% to 0.00775% of the company. To keep it you'd need 1,638 more shares - about US$410 at the issue price.
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