11 Aug 2006late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Aug 2006director interest notice● Neutral
William F Greene became a Surge Global Energy, Inc. Chief Financial Officer and company insider (initial ownership filing).
8 Aug 2006director interest notice● Neutral
Kenneth M Druck became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
8 Aug 2006director interest notice● Neutral
Stephen Sharpe became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
2 Aug 2006material agreement● Neutral
Kenneth Druck and Stephen Sharpe joined the board at $18,000 a year plus options at $1.11, and finance chief Greene's options were repriced down from $1.75 to $1.11 - the first visible admission that the share price was falling.
2 Aug 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 15,000 shares.
31 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 15,000 shares.
27 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director E Jamie Schloss disposed of 2,100,000 shares via option/appreciation-right settlement.
18 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 6,500 shares.
13 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 8,000 shares.
13 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director E Jamie Schloss exercised stock options for 400,000 shares and disposed of 400,000 shares.
11 July 2006asset acquisition disposition▼ BadMajor
The dilution predicted by December's subsidiary financing arrived: Signet sold $18.7 million of its own stock, none of which Surge received, and Surge dropped below 50%. Sawn Lake - the only project Surge had ever operated - stopped being consolidated into its accounts, leaving Surge a minority shareholder in the company that holds its asset.
10 July 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard sold 73,000 shares.
10 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 7,000 shares.
6 July 2006securities registration● Neutral
Surge Global Energy, Inc. filed the final prospectus for a registered offering.
6 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 11,000 shares.
5 July 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 7,600 shares.
30 June 2006director officer appointment● Neutral
The board sacked E. Jamie Schloss as finance chief and replaced him with William Greene, a compliance consultant who had been doing Surge's filing work. Schloss stayed in the company's orbit and would return as chief executive two years later.
30 June 2006securities registration● Neutral
Surge Global Energy, Inc. filed the final prospectus for a registered offering.
29 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 6,000 shares.
27 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 7,000 shares.
23 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 8,500 shares.
21 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 37,000 shares.
19 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 9,000 shares at $2.06.
19 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 6,000 shares.
15 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 14,500 shares.
14 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 6,800 shares.
12 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 22,500 shares.
9 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 10,000 shares.
7 June 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 19,300 shares.