26 Sept 2018listing compliance notice▼ BadMajor
Searchlight Minerals Corp. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Jan 2018director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
3 Jan 2018director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
13 Oct 2017director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
13 Oct 2017director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
5 July 2017director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
5 July 2017director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
16 May 2017late filing notice▼ Bad
Searchlight Minerals Corp. notified the SEC that its quarterly report would be filed late.
25 Apr 2017substantial holder notice● Neutral
Luxor Capital Partners, LP, Luxor Wavefront, LP, Luxor Capital Partners Offshore Master Fund, LP, Luxor Capital Partners Offshore, Ltd, Luxor Spectrum Offshore Master Fund, LP, Luxor Spectrum Offshore, Ltd, Thebes Offshore Master Fund, LP, Thebes Partners Offshore, Ltd, Luxor Spectrum, LLC, LCG Holdings, LLC, Luxor Capital Group, LP, Luxor Management, LLC, Christian Leone reported a Searchlight Minerals Corp. shareholding of 161,019,070 shares (44.10% of votes) in a periodic institutional filing.
4 Apr 2017director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
4 Apr 2017director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
3 Apr 2017late filing notice▼ Bad
Searchlight Minerals Corp. notified the SEC that its annual report would be filed late.
5 Jan 2017director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
5 Jan 2017director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
14 Nov 2016quarterly activities report▼ Bad
Searchlight Minerals Corp. reported quarterly revenue of $0 and a net loss of $1.2 million for the period ended 2016-09-30.
4 Oct 2016director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
4 Oct 2016director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
12 Aug 2016quarterly activities report▼ Bad
Searchlight Minerals Corp. reported quarterly revenue of $0 and a net loss of $1.9 million for the period ended 2016-06-30.
2 Aug 2016substantial holder notice● Neutral
Luxor Capital Partners, LP, Luxor Wavefront, LP, Luxor Capital Partners Offshore Master Fund, LP, Luxor Capital Partners Offshore, Ltd, Luxor Spectrum Offshore Master Fund, LP, Luxor Spectrum Offshore, Ltd, Thebes Offshore Master Fund, LP, Thebes Partners Offshore, Ltd, Luxor Spectrum, LLC, LCG Holdings, LLC, Luxor Capital Group, LP, Luxor Management, LLC, Christian Leone reported a Searchlight Minerals Corp. shareholding of 160,047,974 shares (44.00% of votes) in a periodic institutional filing.
12 July 2016director interest notice● Neutral
Searchlight Minerals Corp. director John Edward Mack received a stock option grant for 18,000 shares.
12 July 2016director interest notice● Neutral
Searchlight Minerals Corp. director Jordan Estra received a stock option grant for 18,000 shares.
8 July 2016substantial holder notice● Neutral
Luxor Capital Partners, LP, Luxor Wavefront, LP, Luxor Capital Partners Offshore Master Fund, LP, Luxor Capital Partners Offshore, Ltd, Luxor Spectrum Offshore Master Fund, LP, Luxor Spectrum Offshore, Ltd, Thebes Offshore Master Fund, LP, Thebes Partners Offshore, Ltd, Luxor Spectrum, LLC, LCG Holdings, LLC, Luxor Capital Group, LP, Luxor Management, LLC, Christian Leone reported a Searchlight Minerals Corp. shareholding of 141,526,420 shares (41.00% of votes) in a periodic institutional filing.
30 June 2016quarterly activities report▼ Bad
Searchlight Minerals Corp. reported quarterly revenue of $0 and a net loss of $1.9 million for the period ended 2016-06-30.
26 May 2016capital raising announcement▼ Bad
On May 23, 2016 the company sold 28,251,430 shares at $0.035 to 29 accredited investors for gross proceeds of $988,800, to be used for general working capital. Unlike the 2015 unit sales, no warrants are mentioned, and the price is a tenth of the $0.35 paid in the 2015 placements, so it continues the dilutive funding pattern after the Luxor deal.
What it means for a shareholder
28.3m new shares at US$0.035 to raise about US$988,800. That's 9.0% dilution: every existing holder's slice gets 9.0% smaller. If you held US$1,000 of shares (28,571 at the issue price), your slice goes from 0.00998% to 0.00908% of the company. To keep it you'd need 2,819 more shares - about US$99 at the issue price.
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17 May 2016late filing notice▼ Bad
Searchlight Minerals Corp. notified the SEC that its quarterly report would be filed late.
12 May 2016securities registration● Neutral
Searchlight Minerals Corp. filed notice of an exempt private placement.
5 May 2016auditor change● Neutral
On May 2, 2016 the company engaged Hein & Associates LLP as its new auditor, approved by the audit committee, replacing BDO which resigned in April. The company says it had not consulted Hein on accounting or audit matters before the engagement.
4 May 2016securities registration● Neutral
Searchlight Minerals Corp. amended a filing by which it filed notice of an exempt private placement.
3 May 2016capital raising announcement● NeutralMajor
On April 27, 2016 the remaining 9 holders of the September 2013 notes elected to convert $1,086,325 of principal and interest into 31,037,857 shares at $0.035, the same terms as Luxor and Mr. Oring. Once the notes are returned and cancelled, none of the 2013 note issue will remain outstanding, which ends the secured debt. The shares add further dilution.
27 Apr 2016securities registration● Neutral
Searchlight Minerals Corp. filed notice of an exempt private placement.