29 Mar 2013late filing notice▼ Bad
Rock Energy Resources, Inc. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2013asset acquisition disposition● Neutral
The company corrected its December 2011 filing, saying the HE-MAN LLC deal should have been described as an acquisition of the subsidiary's assets rather than of an acquired business. It also says the financial statements and pro forma figures promised within 71 days are not required and will not be filed. The amendment is signed by Mark G. Harrington as Interim CEO, which suggests (an inference) that Rocky Emery no longer held that role by February 2013.
14 Feb 2013substantial holder notice● Neutral
Maximilian Investors, LLC, Platinum Credit Management LP, Mark Nordlicht reported a Rock Energy Resources, Inc. shareholding of 18,865,520 shares (9.90% of votes) in a periodic institutional filing.
31 Dec 2012debt financing▼ BadMajor
The Red Arrow mine subsidiary (now American Patriot Gold, LLC) failed to pay interest and fees from October 1, 2012 and was in default on the Maximilian loan, which stands at about $9,000,000 borrowed. To get forbearance through March 1, 2013, the company transferred its ownership interests in Santa Maria Pacific Holdings LLC (the California oil and gas asset, valued at over $3,000,000) to the lender, and the subsidiary must repay the company that value by an intercompany account. The company also says its joint-venture partner Red Arrow Gold Corp., controlled by COO Craig Liukko, kept about $90,000 of gold sale proceeds that should have gone to the lender's blocked account. It fired Craig and Edwin Liukko for cause and sued them and Red Arrow Gold Corp. in Houston federal court. This ends the company's remaining oil and gas holding mentioned in earlier filings.
25 Oct 2012director interest notice● Neutral
Rock Energy Resources, Inc. Chairman and CEO Rocky V. Emery bought 5,000 shares on the open market at $0.00.
24 Oct 2012director interest notice● Neutral
Rock Energy Resources, Inc. Chairman and CEO Rocky V. Emery bought 40,000 shares on the open market at $0.00.
28 Sept 2012director interest notice● Neutral
Gordon F Lee became a Rock Energy Resources, Inc. director and company insider (initial ownership filing).
11 Sept 2012debt financing● Neutral
This amendment only corrects the Maximilian loan's maturity date in the September 5, 2012 filing from September 1, 2013 to September 1, 2014. It adds no other new information.
5 Sept 2012debt financing● NeutralMajor
On August 28, 2012 the company and Maximilian amended the loan: $4,200,000 was outstanding at July 31, 2012, defaults were waived, new advances of $1,826,896 were approved, and the lender's share of mine net profits rose from 3% to 5%. The $0.20-per-share put on the 18,865,520 shares was removed and its $3,773,104 value was added to the loan balance. The press release says the original shares will be cancelled and the lender will get new restricted shares totalling 18.8 million. The 8-K gives a maturity of September 1, 2013, while the press release says 2014.
15 Aug 2012quarterly activities report▼ Bad
Rock Energy Resources, Inc. reported quarterly revenue of $5 thousand and a net loss of $1.4 million for the period ended 2012-06-30.
15 Aug 2012late filing notice▼ Bad
Rock Energy Resources, Inc. notified the SEC that its quarterly report would be filed late.
15 May 2012quarterly activities report▼ Bad
Rock Energy Resources, Inc. reported a quarterly net loss of $3.3 million for the period ended 2012-03-31.
4 May 2012securities registration● Neutral
Rock Energy Resources, Inc. amended a filing by which it filed notice of an exempt private placement.
18 Apr 2012quarterly activities report▼ Bad
Rock Energy Resources, Inc. reported a quarterly net loss of $3.3 million for the period ended 2012-03-31.
18 Apr 2012quarterly activities report▼ Bad
Rock Energy Resources, Inc. reported a quarterly net loss of $3.3 million for the period ended 2012-03-31.
18 Jan 2012securities registration● Neutral
Rock Energy Resources, Inc. filed notice of an exempt private placement.
23 Dec 2011substantial holder notice● Neutral
Maximilian Investors, LLC disclosed a new substantial Rock Energy Resources, Inc. shareholding (9.90% of votes).
20 Dec 2011asset acquisition disposition● NeutralMajor
The company said it bought 100% of privately held HE-MAN LLC, whose main asset per the press release is a 49% interest in the Red Arrow gold mine in Colorado, a move from oil and gas toward gold mining. HE-MAN closed a $25 million, two-year secured credit line with Maximilian Investors at 18% interest, guaranteed personally by Chairman Rocky Emery. The company agreed to issue the lender 18,865,520 restricted shares (9.9% of its stock), to buy back up to all of them at $0.20 each under put options, and to give anti-dilution protection, so existing holders face dilution and a possible cash obligation. This is a later correction (see the February 2013 amendment) to how the deal was described.
25 Sept 2009material agreement● NeutralMajor
On September 22, 2009 the company received a loan commitment offer from its President, Rocky V. Emery, for a revolving credit line of up to about $8 million, 35-month maturity, interest at prime plus 4% (floor 6%), and 4 million restricted shares as a fee. It depends on Emery arranging his own bank loan and has many contingencies, and the company says it cannot assure the loan will close. A director-level signature accepting it is dated September 24, 2009; the exhibit also has inconsistent acceptance dates and says collateral is 'None' while the cover text refers to collateral.
14 May 2009late filing notice▼ Bad
Rock Energy Resources, Inc. notified the SEC that its quarterly report would be filed late.
17 Feb 2009late filing notice▼ Bad
Rock Energy Resources, Inc. notified the SEC that its annual report would be filed late.
14 Nov 2008capital raising announcement▼ Bad
On November 10, 2008 the company sold 155 shares of new Series A Preferred Stock for $155,000, to be used for general corporate purposes. The preferred ranks ahead of common stock, pays 8% cumulative dividends, and converts at 1,000 common shares per preferred share (155,000 common shares in total, by calculation), so common holders rank behind it and could be diluted. The company promised to file a resale registration statement by January 10, 2009.
13 Nov 2008late filing notice▼ Bad
Rock Energy Resources, Inc. notified the SEC that its quarterly report would be filed late.
18 Sept 2008substantial holder notice● Neutral
Rocky V. Emery disclosed a new substantial Rock Energy Resources, Inc. shareholding (12.70% of votes).
15 Sept 2008director interest notice● Neutral
Rock Energy Resources, Inc. Chairman of the Board & CEO Rocky V. Emery bought 5,000 shares on the open market at $2.00.
10 Sept 2008director interest notice● Neutral
Rock Energy Resources, Inc. Chairman of the Board and CEO Rocky V. Emery bought 10,000 shares on the open market at $2.28.
10 Sept 2008director interest notice● Neutral
Rock Energy Resources, Inc. Chairman of the Board and CEO Rocky V. Emery bought 20,000 shares on the open market.
10 Sept 2008director interest notice● Neutral
Rock Energy Resources, Inc. Chairman of the Board and CEO Rocky V. Emery bought 11,000 shares on the open market at $2.57.
29 Aug 2008director interest notice● Neutral
Mark G Harrington became a Rock Energy Resources, Inc. Vice Chairman of the Board and company insider (initial ownership filing).
28 Aug 2008director interest notice● Neutral
Rock Energy Resources, Inc. Chairman of the Board and CEO Rocky V. Emery bought 11,000 shares on the open market at $2.57.