Past year: ▼ 96%(1.00c – 38.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2011substantial holder notice● Neutral
JMB Capital Partners Master Fund, L.P, Smithwood Advisers, L.P, Smithwood General Partner, LLC, Smithwood Partners, LLC, Jonathan Brooks reported a LILIS ENERGY, INC. shareholding of 2,534,072 shares (4.99% of votes) in a periodic institutional filing.
8 Feb 2011securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
3 Feb 2011capital raising announcement● NeutralMajor
Recovery Energy raised $8 million through its first convertible debentures (8% interest, 3-year term, convertible at $2.35/share, steep redemption/make-whole penalties) to fund pending Wyoming/Colorado leasehold acquisitions, and struck a joint development deal with TRW Exploration, which paid $2 million plus a 40% carried interest to fund drilling on two horizontal Niobrara wells - the company's first outside partner sharing drilling risk rather than just providing capital.
4 Jan 2011capital raising announcement▼ BadMajor
Recovery Energy pushed out the maturity on all three Hexagon Investments loans (about $20.4 million outstanding) from December 2011 to September 2012 at no extra cost, but also had to issue Hexagon a previously-promised penalty warrant for 1 million shares because the debt hadn't been repaid by the January 1, 2011 deadline set the prior June.
26 Nov 2010debt financing▼ BadMajor
Recovery Energy agreed to buy roughly 57,000 net acres of Wyoming/Nebraska interests from Edward Mike Davis LLC for $8 million due within a month, securing the payment with 6.7 million escrowed shares. It also gave Grandhaven Energy - an affiliate of its own lender Hexagon Investments - a put option to force the company to buy back royalty interests for up to $2.4 million. By this point Hexagon and Davis together already controlled roughly a third of the company's stock, and the Hexagon loan balance stood near $21 million - insider financing was now deeply intertwined with the company's asset base and capital structure.
12 Nov 2010quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $2.6 million for the period ended 2010-09-30.
22 Oct 2010director interest notice● Neutral
LILIS ENERGY, INC. 10%+ owner Edward Mike Davis sold 305,000 shares.
8 Oct 2010capital raising announcement▲ Good
Warrant holders exercised 3.4 million warrants at $1.50, bringing Recovery Energy $5.1 million in cash, and received new $2.20 warrants as a sweetener to exercise.
27 Sept 2010substantial holder notice● Neutral
JMB Capital Partners Master Fund, L.P, Smithwood Advisers, L.P, Smithwood General Partner, LLC, Smithwood Partners, LLC, Jonathan Brooks disclosed a new substantial LILIS ENERGY, INC. shareholding (8.60% of votes).
31 Aug 2010director interest notice● Neutral
LILIS ENERGY, INC. 10%+ owner Edward Mike Davis sold 400,000 shares at $2.23.
26 Aug 2010securities registration● Neutral
LILIS ENERGY, INC. registered a securities offering with the SEC.
24 Aug 2010securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
19 Aug 2010securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
17 Aug 2010quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $5.2 million for the period ended 2010-06-30.
16 Aug 2010quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $5.2 million for the period ended 2010-06-30.
13 Aug 2010securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
22 July 2010securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
29 June 2010material agreement▼ BadMajor
Recovery Energy signed a stockholders agreement committing its major holders to vote in a board seat designated by lender Hexagon Investments - formalizing Hexagon's governance influence on top of its debt and equity position.
18 June 2010capital raising announcement● Neutral
Recovery Energy hired investor-relations firm MDC Group and PR firm Globe Media, paying both partly in stock and warrants, formalized registration rights for Hexagon Investments' shares, and split the CEO and President roles in its bylaws.
16 June 2010director interest notice● Neutral
Timothy N Poster became a LILIS ENERGY, INC. director and company insider (initial ownership filing).
15 June 2010director interest notice● Neutral
Conway J. Schatz became a LILIS ENERGY, INC. director and company insider (initial ownership filing).
11 June 2010director interest notice● Neutral
Roger A Parker became a LILIS ENERGY, INC. Chief Executive Officer and company insider (initial ownership filing).
11 June 2010director interest notice● Neutral
LILIS ENERGY, INC. President & CFO Jeffrey A. Beunier received 1,635,800 shares as part of the equity award.
11 June 2010director interest notice● Neutral
LILIS ENERGY, INC. Chief Executive Officer Roger A Parker received 1,000,000 shares as part of the equity award.
7 June 2010securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
4 June 2010asset acquisition disposition▲ GoodMajor
Recovery Energy closed the $20 million Davis/Spottie land deal and funded it with a $23.85 million institutional private placement (T.R. Winston as placement agent) - its largest capital raise yet. It also used the proceeds leverage to push out the maturity on its two Hexagon Investments loans from December 2010 to December 2011, defusing the refinancing crunch those loans had been building toward, in exchange for more warrants to Hexagon.
2 June 2010substantial holder notice● Neutral
Edward Mike Davis reported a LILIS ENERGY, INC. shareholding of 6,500,000 shares (18.10% of votes) in a periodic institutional filing.
28 May 2010substantial holder notice● Neutral
Edward Mike Davis reported a LILIS ENERGY, INC. shareholding of 6,500,000 shares (30.30% of votes) in a periodic institutional filing.
20 May 2010debt financing● NeutralMajor
Recovery Energy agreed to buy roughly 60,000 acres of Nebraska/Wyoming oil and gas interests from Edward Mike Davis LLC and Spottie Inc for $20 million plus 2-3 million shares, under a tight closing deadline that escalated the share payment if the company couldn't fund the cash on time.
18 May 2010late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its quarterly report would be filed late.
