22 Nov 2010director interest notice● Neutral
ION GEOPHYSICAL CORP Exec. VP & CFO R Brian Hanson sold 15,000 shares at $6.51.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Nov 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director Theodore H Elliott Jr. sold 100,000 shares.
12 Nov 2010director interest notice● Neutral
ION GEOPHYSICAL CORP SVP-Gen Counsel & Corp Sec'y David L Roland sold 5,001 shares at $6.79.
9 Nov 2010director interest notice● Neutral
ION GEOPHYSICAL CORP SVP-Gen Counsel & Corp Sec'y David L Roland sold 3,333 shares at $6.44.
4 Nov 2010quarterly activities report● Neutral
ION GEOPHYSICAL CORP reported a quarterly net income of $12.2 million for the period ended 2010-09-30.
4 Nov 2010quarterly activities report● Neutral
ION GEOPHYSICAL CORP reported a quarterly net income of $12.2 million for the period ended 2010-09-30.
5 Aug 2010quarterly activities report● Neutral
ION GEOPHYSICAL CORP reported a quarterly net income of $1.5 million for the period ended 2010-06-30.
4 Aug 2010quarterly activities report● Neutral
ION GEOPHYSICAL CORP reported a quarterly net income of $1.5 million for the period ended 2010-06-30.
15 July 2010securities registration● Neutral
ION GEOPHYSICAL CORP filed the final prospectus for a registered offering.
9 July 2010securities registration● Neutral
ION GEOPHYSICAL CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
8 June 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director James M Lapeyre Jr. bought 100,000 shares on the open market.
2 June 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director Guo Yueliang received 16,000 shares as part of the equity award.
2 June 2010director interest notice● Neutral
ION GEOPHYSICAL CORP Chief Exec Officer Robert P Peebler received 300,000 shares as part of the equity award.
2 June 2010director interest notice● Neutral
ION GEOPHYSICAL CORP Exec. VP & CFO R Brian Hanson received 6,515 shares as part of the equity award.
24 May 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director James M Lapeyre Jr. bought 100,000 shares on the open market.
20 Apr 2010securities registration● Neutral
ION GEOPHYSICAL CORP registered a securities offering with the SEC using its shelf eligibility.
5 Apr 2010director interest notice● Neutral
Guo Yueliang became a ION GEOPHYSICAL CORP director and company insider (initial ownership filing).
5 Apr 2010securities registration● Neutral
ION GEOPHYSICAL CORP amended a filing by which it filed notice of an exempt private placement.
5 Apr 2010securities registration● Neutral
ION GEOPHYSICAL CORP filed notice of an exempt private placement.
1 Apr 2010substantial holder notice● Neutral
BGP Inc., China National Petroleum Corporation disclosed a new substantial ION GEOPHYSICAL CORP shareholding (16.60% of votes).
1 Apr 2010director interest notice● Neutral
Bgp INC., China National Petroleum Corp became a ION GEOPHYSICAL CORP 10%+ owner and company insider (initial ownership filing).
31 Mar 2010asset acquisition disposition▲ GoodMajor
The BGP deal closed on March 25, 2010. ION issued BGP 23,789,536 shares at $2.80 (10,204,082 from converting the domestic convertible note and 13,585,454 bought for about $38.0 million cash), leaving BGP with about 16.62% of ION. ION and BGP formed the INOVA Geophysical joint venture, with BGP taking 51%. The old bank credit facility was refinanced with a new one, and the warrant and the October 2009 registration rights agreement were terminated. BGP gets a board seat (Guo Yueliang, expected around April 1, 2010), pre-emptive rights to keep its ownership share, and a standstill until March 25, 2014. This resolves the October 2009 term sheet and the bridge financing, and existing holders are diluted by the new shares (inference).
25 Mar 2010material agreement termination▲ GoodMajor
On March 19 and 24, 2010 ION signed the final BGP agreements, which replace the October 2009 term sheet. BGP will buy 23,789,536 ION shares at $2.80 and 51% of the INOVA Geophysical land-equipment joint venture for $108.5 million cash plus 49% of a BGP subsidiary. Of the shares, 10,204,082 come from converting the $28.6 million domestic convertible note (now assigned from Bank of China to BGP) and 13,585,454 are bought for about $38.0 million cash. BGP would hold about 16.62% of ION and may nominate a director. A new bank credit facility will refinance the existing one at closing, expected around March 25, 2010. This continues and firms up the October 2009 deal.
2 Mar 2010director interest notice● Neutral
ION GEOPHYSICAL CORP Chief Exec Officer Robert P Peebler received 12,215 shares as part of the equity award.
24 Feb 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director James M Lapeyre Jr. bought 50,000 shares on the open market at $4.36.
16 Feb 2010substantial holder notice● Neutral
Fletcher Asset Management, Inc, Fletcher International, Ltd, Alphonse Fletcher, Jr reported a ION GEOPHYSICAL CORP shareholding of 11,669,434 shares (9.00% of votes) in a periodic institutional filing.
9 Feb 2010director interest notice● Neutral
ION GEOPHYSICAL CORP director James M Lapeyre Jr. gifted 22,000 shares.
8 Jan 2010substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial ION GEOPHYSICAL CORP shareholding (10.17% of votes).
23 Dec 2009business combination● Neutral
ION reported that it never launched the employee option exchange program shareholders approved on May 27, 2009, and has no current plans to launch it or a similar program. This closes the open thread on that program. The filing is a notice with no transaction value.
3 Dec 2009director interest notice● Neutral
ION GEOPHYSICAL CORP director Franklin Myers received 12,000 shares as part of the equity award.