11 Oct 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Oct 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
11 Oct 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
6 Sept 2007director interest notice● Neutral
HILLTOP ENERGY, LLC. CEO & President Calvin III Wallen gifted 250,000 shares.
24 Aug 2007director interest notice● Neutral
Guffey Scott became a HILLTOP ENERGY, LLC. Chief Financial Officer and company insider (initial ownership filing).
24 Aug 2007director interest notice● Neutral
HILLTOP ENERGY, LLC. Chief Financial Officer Guffey Scott received 90,000 shares as part of the equity award.
20 Apr 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
20 Apr 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
20 Mar 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
20 Mar 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
20 Mar 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
16 Mar 2007listing compliance notice▼ Bad
HILLTOP ENERGY, LLC. withdrew a registration statement, abandoning the offering it covered.
15 Mar 2007substantial holder notice● Neutral
Wells Fargo & and 1 other disclosed a new substantial HILLTOP ENERGY, LLC. shareholding (12.00% of votes).
15 Mar 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
15 Mar 2007director interest notice● Neutral
Wells Fargo & Co/mn became a HILLTOP ENERGY, LLC. 10%+ owner and company insider (initial ownership filing).
14 Mar 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended a filing by which it registered a small-business securities offering with the SEC.
9 Mar 2007capital raising announcement▲ GoodMajor
On March 5, 2007 the company signed a credit agreement with Wells Fargo Energy Capital: a $20M revolver plus a $5M convertible term loan, at prime plus 2%, maturing March 1, 2010, secured on substantially all assets. About $5M was used to retire the Petro Capital V debt, ending that dispute-ridden loan. Wells Fargo also got 2.5M warrants at $1.00 (five years) and a promised 5% net profits interest in certain Louisiana properties after repayment; the press release says the term loan converts at $1.00 per share and the revolver's initial borrowing base is $4M.
25 Jan 2007substantial holder notice● Neutral
Calvin Wallen III, Tauren Exploration, Inc. reported a HILLTOP ENERGY, LLC. shareholding of 12,085,786 shares (22.60% of votes) in a periodic institutional filing.
16 Jan 2007securities registration● Neutral
HILLTOP ENERGY, LLC. registered a small-business securities offering with the SEC.
8 Jan 2007substantial holder notice● Neutral
Steven S. Bruggeman disclosed a new substantial HILLTOP ENERGY, LLC. shareholding (7.70% of votes).
3 Jan 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
3 Jan 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
3 Jan 2007substantial holder notice● Neutral
William Bruggeman and Ruth Bruggeman, Joint Tenants with Rights of Survivorship reported a HILLTOP ENERGY, LLC. shareholding of 16,739,303 shares (30.10% of votes) in a periodic institutional filing.
3 Jan 2007securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
21 Dec 2006capital raising announcement● NeutralMajor
On December 15, 2006 the company sold 7,880,000 new shares for $3,940,000 ($0.50 per share), with warrants for 3,940,000 shares at $0.70 through November 30, 2011. Investors included William Bruggeman (about 23.0% owner beforehand) and director Bob Clements. The press release says proceeds will go to completing the three S.E. Johnson wells, reworking three western wells, more acreage and general purposes; this adds to the share count and is the financing the company had been seeking, so existing holders are diluted.
What it means for a shareholder
3.9m new shares at $0.700 to raise about $3.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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6 Dec 2006securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
6 Dec 2006securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
6 Dec 2006securities registration● Neutral
HILLTOP ENERGY, LLC. amended an already-effective registration statement.
6 Dec 2006debt financing▼ BadMajor
Petro Capital V, the $5.5M senior lender, wrote on December 4, 2006 that the fixes for its September 19 title-default claim (S.E. Johnson 20 #1 and 29 #1 wells) are not enough, and demanded default interest of 17.5% (5 points above the current rate). Management says it was never in default and that any default was cured in time; the lender also claims a default for lacking a third-party June 30, 2006 reserve report on the Texas properties, on which the company has taken no position. This continues the title dispute and puts the senior loan under pressure.
20 Oct 2006securities registration● Neutral
HILLTOP ENERGY, LLC. amended a filing by which it registered a small-business securities offering with the SEC.