Past year: ▲ 11%(0.09c – 0.10c USD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Aug 2005capital raising announcement▲ GoodMajor
The company accepted subscriptions from seven purchasers for 570,000 units at $10.00 each, raising $5,700,000 in the private placement announced in June. Each unit has eight shares and four warrants exercisable at $1.75 until February 8, 2007, which could add shares and dilute existing holders.
2 June 2005asset acquisition disposition● NeutralMajor
Now named Terax Energy, the company bought all of Erath Energy Inc., which holds oil and gas leases on 10,482 gross acres in Erath County, Texas, plus cash. It paid 318,000 shares (valued at $1,590,000 at $5.00 per share), and the sellers can reverse the deal if the company does not close a financing of at least $5,000,000 at $5.00 or more per share by July 31, 2005. The company also promised a five-for-one forward split and started a private placement of up to $10,000,000. Both companies share a common director.
22 Oct 2004business combination● NeutralMajor
The company, then named Royal Phoenix, said it was dropping its nutritional supplements plan because of no revenue and heavy competition, and would look for a business to merge with. It also did a three-for-one share split (9,516,000 to 28,845,000 shares outstanding) and raised authorized shares from 20 million to 60 million. Management said no agreement had been reached, and that a deal would likely dilute existing holders substantially.
18 July 2003director interest notice● Neutral
Joseph Scott Wilson became a TERAX ENERGY, INC. President/Secretary/Treasurer and company insider (initial ownership filing).
30 Dec 2002securities registration● Neutral
TERAX ENERGY, INC. filed the final prospectus for a registered offering.
10 Dec 2002securities registration● Neutral
TERAX ENERGY, INC. amended an already-effective registration statement.
27 Nov 2002securities registration● Neutral
TERAX ENERGY, INC. amended an already-effective registration statement.
20 Nov 2002securities registration● Neutral
TERAX ENERGY, INC. amended an already-effective registration statement.
31 Oct 2002securities registration● Neutral
TERAX ENERGY, INC. amended an already-effective registration statement.
11 Jan 2002securities registration● Neutral
TERAX ENERGY, INC. amended a filing by which it registered a small-business securities offering with the SEC.
7 Jan 2002securities registration● Neutral
TERAX ENERGY, INC. amended a filing by which it registered a small-business securities offering with the SEC.
26 Dec 2001securities registration● Neutral
TERAX ENERGY, INC. amended a filing by which it registered a small-business securities offering with the SEC.
4 Dec 2001securities registration● Neutral
TERAX ENERGY, INC. amended a filing by which it registered a small-business securities offering with the SEC.
26 Oct 2001securities registration● Neutral
TERAX ENERGY, INC. registered a small-business securities offering with the SEC.
