Past year: ▼ 18%(3.54 – 4.80 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2006capital raising announcement▼ BadMajor
Chairman Laird Q. Cagan personally loaned NGS $250,000 at 10% interest, subordinated to the company's $5 million Prospect Energy facility -- insider bridge financing for working capital during the company's early acquisition buildout.
20 Jan 2006capital raising announcement● Neutral
NGS issued Rubicon Master Fund 160,000 more shares in exchange for Rubicon giving up its right to monetary damages if NGS missed registration deadlines on the May 2005 stock sale -- paying in equity to remove a contractual liability.
29 June 2005capital raising announcement● Neutral
NGS hired Daryl V. Mazzanti as VP of Operations with a $155,000 salary plus options, warrants and a stock grant.
11 May 2005capital raising announcement● NeutralMajor
NGS raised $3.0 million selling 1.2 million shares to Rubicon Master Fund at $2.50/share, paying fees and warrants to both broker Chadbourn Securities and Chairman Laird Cagan in his capacity as a Chadbourn registered representative.
What it means for a shareholder
1.2m new shares at US$2.50 to raise about US$3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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8 Apr 2005capital raising announcement● Neutral
NGS renewed CEO Robert S. Herlin's employment contract, raising his base salary from $180,000 toward $210,000.
21 Mar 2005capital raising announcement● NeutralMajor
NGS drew another $1.0 million under its $4.8 million senior secured loan facility with Prospect Energy Corporation (14%+ interest), bringing total borrowings to $4.0 million to fund oil and gas acquisitions and development.
26 Oct 2004capital raising announcement● Neutral
Natural Gas Systems agreed to a share exchange with UK investment firm Seaside Investments, issuing 1 million NGS shares for up to 1.48 million Seaside shares, contingent on Seaside completing a London Stock Exchange listing.
