23 Sept 2015securities registration● Neutral
Pershing Gold Corp. amended an already-effective registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Sept 2015securities registration● Neutral
Pershing Gold Corp. amended an already-effective registration statement.
13 Aug 2015quarterly activities report▼ Bad
Pershing Gold Corp. reported a quarterly net loss of $4.1 million for the period ended 2015-06-30.
6 Aug 2015substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 7,109,634 shares (29.68% of votes) in a periodic institutional filing.
1 July 2015listing compliance notice▲ GoodMajor
Nasdaq certified Pershing Gold Corp.'s securities for listing, clearing them to begin trading.
29 June 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
23 June 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
16 June 2015securities registration● Neutral
Pershing Gold Corp. amended a filing by which it registered a securities offering with the SEC.
4 June 2015securities registration● Neutral
Pershing Gold Corp. registered a securities offering with the SEC.
22 May 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 May 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 May 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 May 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
15 May 2015quarterly activities report▼ Bad
Pershing Gold Corp. reported a quarterly net loss of $4.1 million for the period ended 2015-03-31.
29 Apr 2015substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 125,403,761 shares (28.55% of votes) in a periodic institutional filing.
27 Apr 2015capital raising announcement▼ Bad
On April 21, 2015 the company sold a further 5,584,056 units (one share plus a 24-month warrant for 0.4 of a share at $0.44) for about $1.8 million gross ($1.7 million net). This is part of the same private placement as the April 10, 2015 sale and adds to the dilution; a resale registration statement must be filed by June 4, 2015.
23 Apr 2015securities registration● Neutral
Pershing Gold Corp. filed notice of an exempt private placement.
13 Apr 2015capital raising announcement● NeutralMajor
On April 10, 2015 the company sold 29,740,001 units, each a share plus a 24-month warrant for 0.4 of a share at $0.44, for about $9.6 million gross ($9.0 million net). The placement agent can sell up to $15 million until April 21, 2015, and resale registration may be required after May 25, 2015. This is another large equity raise that dilutes existing shareholders.
What it means for a shareholder
29.7m new shares at about $0.5044 to raise about $15.0m. That's 7.7% dilution: every existing holder's slice gets 7.7% smaller. If you held $1,000 of shares (1,983 at the issue price), your slice goes from 0.000558% to 0.000515% of the company. To keep it you'd need 166 more shares - about $84 at the issue price.
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27 Mar 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
27 Mar 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
27 Mar 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
27 Mar 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
13 Feb 2015substantial holder notice● Neutral
Frost Gamma Investments Trust, Dr. Phillip Frost reported a Pershing Gold Corp. shareholding of 53,772,527 shares (15.30% of votes) in a periodic institutional filing.
13 Feb 2015substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 114,634,532 shares (28.44% of votes) in a periodic institutional filing.
10 Feb 2015material agreement● Neutral
In early February 2015 the company deferred vesting of restricted stock again: 4,667,000 shares for CEO Alfers (to March 14, 2016 or February 9, 2016) and smaller blocks for director Alexander Morrison (333,333), Debra Struhsacker (250,000), Eric Alexander (333,333) and Timothy Janke (100,000), all to February 12, 2016. This continues the ongoing pattern of pushing back executive vesting dates, now extended to other officers and a director.
4 Feb 2015substantial holder notice● Neutral
Barry Honig, GRQ Consultants, Inc, GRQ Consultants, Inc. Roth, GRQ Consultants, Inc. Defined Benefit Plan reported a Pershing Gold Corp. shareholding of 114,509,532 shares (28.41% of votes) in a periodic institutional filing.
22 Jan 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 Jan 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 Jan 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.
22 Jan 2015securities registration● Neutral
Pershing Gold Corp. filed the final prospectus for a registered offering.