3 Aug 2007substantial holder notice● Neutral
Lazarus Investment Partners LLLP, Lazarus Management Company LLC, Justin B. Borus, Michael S. Barish disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (8.10% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 July 2007capital raising announcement● Neutral
Metalline Mining collected $2.05 million during 2007 as investors exercised warrants from its 2006 offering, issuing 1.64 million shares.
27 June 2007director interest notice● Neutral
Robert J Devers became a SILVER BULL RESOURCES, INC. Chief Financial Officer and company insider (initial ownership filing).
14 June 2007late filing notice▼ Bad
SILVER BULL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
12 June 2007security holder rights change● NeutralMajor
Adopted a shareholder rights plan ('poison pill'): one purchase right per share that triggers if any person or group acquires 20% or more of the company without board approval, a standard anti-takeover defense set to run through 2017 if shareholders approve it.
19 Mar 2007substantial holder notice● Neutral
John C. Barrett disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (8.80% of votes).
19 Mar 2007substantial holder notice● Neutral
Duncan Hsia disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (6.90% of votes).
19 Mar 2007substantial holder notice● Neutral
Steven Carlitz disclosed a new substantial SILVER BULL RESOURCES, INC. shareholding (6.70% of votes).
12 Mar 2007capital raising announcement● Neutral
Metalline Mining raised $5.67 million in another private placement (2.41 million shares plus warrants at $2.42, expiring 2011).
What it means for a shareholder
2.4m new shares at about US$2.35 to raise about US$5.7m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held US$1,000 of shares (425 at the issue price), your slice goes from 0.00698% to 0.005% of the company. To keep it you'd need 168 more shares - about US$395 at the issue price.
Create a free account to see this worked out for your own holding.
29 Jan 2007late filing notice▼ Bad
SILVER BULL RESOURCES, INC. notified the SEC that its annual report would be filed late.
6 Nov 2006listing compliance notice▲ Good
Metalline Mining Company (the future Silver Bull Resources) began trading on the American Stock Exchange under ticker MMG, a liquidity upgrade for the zinc/silver explorer working its Sierra Mojada project in Coahuila, Mexico.
3 Nov 2006listing compliance notice▲ GoodMajor
the American Stock Exchange certified SILVER BULL RESOURCES, INC.'s securities for listing, clearing them to begin trading.
15 Sept 2006late filing notice▼ Bad
SILVER BULL RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
11 July 2006director interest notice● Neutral
Robert K Kramer became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).
10 July 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Vice President Terry Brown received a stock option grant for 250,000 shares.
5 July 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. President Merlin Bingham received a stock option grant for 1,000,000 shares.
18 May 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Vice President Roger W Kolvoord received a stock option grant for 750,000 shares.
17 May 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. director Wesley A Pomeroy received a stock option grant for 250,000 shares.
17 May 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Vice President Terry Brown received a stock option grant for 250,000 shares.
17 May 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. President Merlin Bingham received a stock option grant for 1,000,000 shares.
10 Apr 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. President Merlin Bingham bought 62,500 shares on the open market at $0.80.
10 Apr 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Secretary-Treasurer Wayne Schoonmaker bought 31,640 shares on the open market at $0.80.
10 Apr 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Vice President Roger W Kolvoord bought 101,953 shares on the open market at $0.80.
10 Apr 2006director interest notice● Neutral
SILVER BULL RESOURCES, INC. Vice President Terry Brown bought 52,500 shares on the open market at $0.80.
10 Apr 2006director interest notice● Neutral
Terry Brown became a SILVER BULL RESOURCES, INC. Vice President and company insider (initial ownership filing).
6 Mar 2006capital raising announcement▲ GoodMajor
Metalline Mining closed an $11.2 million private placement (13.95 million shares at $0.80 plus five-year warrants at $1.25) with 148 accredited investors, an offering that had been open since March 2005.
16 Sept 2005director interest notice● Neutral
Wesley A Pomeroy became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).
13 Sept 2005director interest notice● Neutral
SILVER BULL RESOURCES, INC. 10%+ owner Britannia Holdings LTD sold 66,900 shares.
9 Aug 2005director interest notice● Neutral
Lawrence Chimerine became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).
9 Aug 2005director interest notice● Neutral
David J Kowalick became a SILVER BULL RESOURCES, INC. director and company insider (initial ownership filing).