27 Nov 2013director interest notice● Neutral
Luis Felipe Vierma became a Petro River Oil Corp. EVP, Geological & Geophysical and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Nov 2013director interest notice● Neutral
Petro River Oil Corp. EVP, Geological & Geophysical Luis Felipe Vierma received a stock option grant for 12,500,000 shares.
27 Nov 2013director interest notice● Neutral
Petro River Oil Corp. EVP, Geological & Geophysical Luis Felipe Vierma received a stock option grant for 6,250,000 shares.
26 Nov 2013director interest notice● Neutral
Petro River Oil Corp. EVP, Unconventional Ruben Alba received a stock option grant for 12,500,000 shares.
22 Nov 2013director interest notice● Neutral
Petro River Oil Corp. director John Gilbert Wallace received a stock option grant for 847,457 shares.
22 Nov 2013director interest notice● Neutral
Petro River Oil Corp. director Glenn Pollack received a stock option grant for 847,457 shares.
22 Nov 2013director interest notice● Neutral
Petro River Oil Corp. director Fred S Zeidman received a stock option grant for 847,457 shares.
22 Nov 2013director interest notice● Neutral
Petro River Oil Corp. Executive Chairman Scot Cohen received a stock option grant for 41,666,667 shares.
23 Sept 2013quarterly activities report▼ Bad
Petro River Oil Corp. reported a quarterly net loss of $2.2 million for the period ended 2013-07-31.
16 Sept 2013late filing notice▼ Bad
Petro River Oil Corp. notified the SEC that its quarterly report would be filed late.
3 Sept 2013material agreement▼ Bad
Because the company filed its annual report for the year ended April 30, 2013 late, holders of the convertible securities could not use Rule 144 to resell during the leak-out period. On September 3, 2013 it granted a limited waiver letting them sell up to 20% of their shares by September 19, 2013, then a further 10% in the remaining 30 days of the lock-up. This relaxes the lock-up from the April 2013 deal and could put more shares on the market sooner.
29 July 2013late filing notice▼ Bad
Petro River Oil Corp. notified the SEC that its annual report would be filed late.
9 July 2013asset acquisition disposition● Neutral
This amendment to the April 2013 acquisition report supplies the required financial statements for Petro River Oil, LLC. Its audited statements (Feb 2 to Dec 31, 2012) show oil and gas sales of $16,901, a net loss of $1,915,617, cash of $6,472,094, total assets of $19,465,348 and notes payable of $19,999,983. The company also says it is exploring ways to raise capital (joint ventures, private equity or debt, no assurance) and will consider releasing shares from lock-up to increase the public float.
14 June 2013substantial holder notice● Neutral
Norman Stark disclosed a new substantial Petro River Oil Corp. shareholding (5.02% of votes).
21 May 2013substantial holder notice● Neutral
South Ferry Building Company L.P, Abraham Wolfson, Aaron Wolfson, Morris Wolfson disclosed a new substantial Petro River Oil Corp. shareholding (7.20% of votes).
17 May 2013substantial holder notice● Neutral
Agosto Corporation Limited reported a Petro River Oil Corp. shareholding of 695,000 shares (4.94% of votes) in a periodic institutional filing.
10 May 2013capital raising announcement● NeutralMajor
Effective May 6-7, 2013 the company issued new shares: 200,000 to a former employee in a lawsuit settlement, and shares on conversion of series B preferred stock (19,165,061 shares) and convertible debentures and notes (26,241,392, 25,577,986 and 45,480,165 shares). Shares outstanding rose to 737,317,748, continuing the dilution that followed the April share exchange and clearing out the older convertible securities.
7 May 2013securities registration● Neutral
Petro River Oil Corp. filed notice of an exempt private placement.
3 May 2013director interest notice● Neutral
John Gilbert Wallace became a Petro River Oil Corp. director and company insider (initial ownership filing).
1 May 2013director interest notice● Neutral
Ryan Blake Estis became a Petro River Oil Corp. director and company insider (initial ownership filing).
1 May 2013director interest notice● Neutral
Scot Cohen became a Petro River Oil Corp. director and company insider (initial ownership filing).
29 Apr 2013business combination● NeutralMajor
On April 23, 2013 Petro River Oil Corp. completed a share exchange to acquire Petro River Oil, LLC (and its subsidiary Petro River Operating), an emerging producer in the Southeast Kansas Mississippi Lime with ~115,000 gross (85,000 net) acres and five producing wells (50% working interest, 40% net revenue interest). It issued 606,574,193 new shares, about 98% of the 620,653,142 shares outstanding afterwards, so existing holders (14,078,949 shares beforehand) were heavily diluted. Jeffrey Freedman resigned as interim CEO/CFO, Scot Cohen became Executive Chairman, John Wallace and Ryan Estis joined the board, and the earlier Western Missouri operations are to be reviewed. Holders of convertible securities waived their protection rights under waiver agreements, with a 90-day lock-up followed by a 90-day leak-out on sales.
25 Mar 2013quarterly activities report▼ Bad
Petro River Oil Corp. reported a quarterly net loss of $627 thousand for the period ended 2013-01-31.
19 Mar 2013late filing notice▼ Bad
Petro River Oil Corp. notified the SEC that its quarterly report would be filed late.
19 Dec 2012quarterly activities report▼ Bad
Petro River Oil Corp. reported a quarterly net loss of $721 thousand for the period ended 2012-10-31.
17 Dec 2012late filing notice▼ Bad
Petro River Oil Corp. notified the SEC that its quarterly report would be filed late.
11 Oct 2012director interest notice● Neutral
Jeffrey Freedman became a Petro River Oil Corp. Interim CEO & Interim CFO and company insider (initial ownership filing).
4 Oct 2012director interest notice● Neutral
Glen Pollack became a Petro River Oil Corp. director and company insider (initial ownership filing).
4 Oct 2012director interest notice● Neutral
Daniel Smith became a Petro River Oil Corp. director and company insider (initial ownership filing).
1 Oct 2012director interest notice● Neutral
Ruben Alba became a Petro River Oil Corp. director and company insider (initial ownership filing).