8 Mar 2013quarterly activities report● Neutral
Prairie Operating Co. reported quarterly revenue of $1.8 million and net income of $1.2 million for the period ended 2013-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Feb 2013director interest notice● Neutral
Prairie Operating Co. CEO, President, Chairman John Michael Macaluso bought 50,000 shares on the open market at $0.25.
8 Feb 2013director interest notice● Neutral
Prairie Operating Co. CEO, President, Chairman John Michael Macaluso bought 50,000 shares on the open market at $0.25.
14 Nov 2012quarterly activities report● Neutral
Prairie Operating Co. reported quarterly revenue of $2.8 million and net income of $1.7 million for the period ended 2012-09-30.
20 Sept 2012business combination▼ BadMajor
The eighth and final rewrite of the reverse-merger report, filed 21 months after the deal closed and adding a further audited year (2008) of the convention business's accounts. A shell-company merger that took eight attempts and nearly two years to describe acceptably is a governance signal in its own right.
14 Aug 2012quarterly activities report● Neutral
Prairie Operating Co. reported quarterly revenue of $2.8 million and net income of $1.7 million for the period ended 2012-09-30.
18 July 2012substantial holder notice● Neutral
Bristol Investment Fund, Ltd, Bristol Capital, LLC disclosed a new substantial Prairie Operating Co. shareholding (8.98% of votes).
13 July 2012director officer appointment▼ Bad
Enlarged the incentive plan's share reserve from 5 million to 7.5 million shares -- the second increase in fourteen months to a pool that started at 3 million.
29 June 2012business combination▼ Bad
A seventh rewrite of the same December 2010 merger disclosure, eighteen months on.
15 May 2012quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $1.9 million and a net loss of $2.7 million for the period ended 2012-06-30.
3 May 2012capital raising announcement▲ Good
Closed a second round ($725,000 from 12 investors) of the same Series A Preferred Stock offering.
20 Apr 2012business combination● Neutral
A sixth rewrite, filed with no exhibits at all and updating the share count to 35,044,878.
13 Apr 2012director interest notice● Neutral
John Michael Macaluso became a Prairie Operating Co. CEO and President and company insider (initial ownership filing).
13 Apr 2012director interest notice● Neutral
Vadim Mats became a Prairie Operating Co. director and company insider (initial ownership filing).
13 Apr 2012director interest notice● Neutral
Mathews Michael became a Prairie Operating Co. director and company insider (initial ownership filing).
13 Apr 2012director interest notice● Neutral
John D Maatta became a Prairie Operating Co. director and company insider (initial ownership filing).
13 Apr 2012director interest notice● Neutral
Gregory Suess became a Prairie Operating Co. director and company insider (initial ownership filing).
5 Apr 2012securities registration● Neutral
Prairie Operating Co. filed notice of an exempt private placement.
5 Apr 2012capital raising announcement▲ Good
Closed the first round ($825,000 from 10 investors) of a targeted $2 million Series A Preferred Stock offering plus warrants.
30 Mar 2012late filing notice▼ Bad
Prairie Operating Co. notified the SEC that its annual report would be filed late.
19 Mar 2012director officer appointment● NeutralMajor
Director John Macaluso became president and chief executive on a three-year contract, while Michael Mathews stepped back from executive chairman to plain chairman. Macaluso's pay started at $10,000 a month, rose to $30,000 with a third of it deferred unless the company earned $100,000 in adjusted profit, plus warrants over 1,000,000 shares at $0.44 -- terms that say how tight the cash was.
13 Mar 2012quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $520 thousand and a net loss of $304 thousand for the period ended 2012-03-31.
5 Mar 2012quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $520 thousand and a net loss of $304 thousand for the period ended 2012-03-31.
2 Mar 2012quarterly activities report▼ Bad
Prairie Operating Co. reported quarterly revenue of $520 thousand and a net loss of $304 thousand for the period ended 2012-03-31.
1 Feb 2012business combination▼ Bad
A fifth rewrite of the reverse-merger report, fourteen months after the transaction it describes.
27 Dec 2011capital raising announcement● Neutral
Raised $250,000 from a trust for the children of Executive Chairman Michael Mathews -- a related-party insider investment (357,143 shares at $0.70).
12 Dec 2011securities registration● Neutral
Prairie Operating Co. filed notice of an exempt private placement.
12 Dec 2011capital raising announcement▼ Bad
Raised $325,000 through 6% Senior Convertible Debentures, mandatorily convertible into Series A Preferred Stock once a qualifying $500,000+ Series A placement closed.
17 Nov 2011business combination● Neutral
A fourth rewrite of the same document, now attaching the certificates of designation for the preferred stock issued during 2011 alongside the original merger terms.
15 Sept 2011director officer appointment▼ Bad
Amended the four-month-old incentive plan to let the board price stock options below market value -- a loosening that makes insider grants cheaper for the recipient and more dilutive for everyone else.