Past year: ▼ 57%(0.03c – 0.10c USD)
Each one in plain English, with the numbers worked through for a shareholder.
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 2001capital raising announcement● Neutral
Hanover Gold Company (the name this company then used) reported a private sale of units of common stock and warrants to non-U.S. investors between August 31 and October 9, 2001. The filing's header mentions 1,500,000 units but the amount reported sold is 400,000 units for $60,000; each unit carries a warrant to buy a share at $0.25 until December 1, 2005, with Abraham Janz as placement agent.
