18 Apr 2005substantial holder notice● Neutral
G. Thomas Gamble disclosed a new substantial TRI VALLEY CORP shareholding (6.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2005late filing notice▼ Bad
TRI VALLEY CORP notified the SEC that its annual report would be filed late.
4 Mar 2005capital raising announcement▲ Good
Received $937,500 as the investor from the November placement exercised 125,000 warrants at $7.50. The stock had roughly doubled since mid-2004, so warrants issued well above market were now in the money.
18 Feb 2005capital raising announcement● Neutral
Audit committee chairman Loren J. Miller exercised his last 50,000 director options for $121,500, taking his holding to 1.4% of the company. Routine insider option exercise, not a fundraising.
3 Jan 2005capital raising announcement▲ Good
Collected $585,000 when an investor exercised 90,000 warrants at $6.50, and used the filing to recap a year of private placements totalling roughly $4.7 million. Shares outstanding stood at 21.8 million, so the dilution to date was modest.
9 Dec 2004capital raising announcement▲ Good
Sold 500,000 shares to one individual at $5.00 for $2.5 million, well above the $4.48 market price. The largest single placement so far, and a continuation of the same one-investor-at-a-time funding pattern.
What it means for a shareholder
500,000 new shares at $5.00 to raise about $2.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
22 Nov 2004financial restatement▼ BadMajor
Told investors not to rely on its 2003 accounts or the first two quarters of 2004: internal-controls testing showed it had been booking turnkey drilling money before the wells were actually finished. About $704,000 of 2003 profit moved into 2004, and a $442,000 cost on the Ekho well had been charged twice; cash was unaffected and the auditor agreed with the change.
17 Sept 2004capital raising announcement● Neutral
Sold 3,425 shares to a single individual at $4.05, the closing price that day, and disclosed two earlier 2004 sales to another individual totalling $2.0 million. This drip-feed of small privately negotiated share sales to individual investors, priced at or above market, was how the Bakersfield oil and gas company funded itself.
What it means for a shareholder
3,425 new shares at $4.05 to raise about $13,871. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
28 Oct 2003listing compliance notice▲ GoodMajor
the American Stock Exchange certified TRI VALLEY CORP's securities for listing, clearing them to begin trading.
19 Aug 2003director interest notice● Neutral
TRI VALLEY CORP director Chase Hoffman C bought 10,000 shares on the open market at $3.17.
21 May 2003director interest notice● Neutral
F Lynn Blystone became a TRI VALLEY CORP President & CEO and company insider (initial ownership filing).
14 May 2003director interest notice● Neutral
Milton J Carlson became a TRI VALLEY CORP director and company insider (initial ownership filing).
14 May 2003director interest notice● Neutral
Harold J Noyes became a TRI VALLEY CORP director and company insider (initial ownership filing).
14 May 2003director interest notice● Neutral
Loren J Miller became a TRI VALLEY CORP director and company insider (initial ownership filing).
14 May 2003director interest notice● Neutral
Dennis P Lockhart became a TRI VALLEY CORP director and company insider (initial ownership filing).
13 May 2003director interest notice● Neutral
Chase Hoffman C became a TRI VALLEY CORP director and company insider (initial ownership filing).
1 Apr 2003late filing notice▼ Bad
TRI VALLEY CORP notified the SEC that its annual report would be filed late.
7 Jan 2003securities registration● Neutral
TRI VALLEY CORP amended a filing by which it registered a securities offering with the SEC.
3 Jan 2003securities registration● Neutral
TRI VALLEY CORP amended a filing by which it registered a securities offering with the SEC.
23 Dec 2002securities registration● Neutral
TRI VALLEY CORP registered a securities offering with the SEC using its shelf eligibility.
1 Feb 2002securities registration● Neutral
TRI VALLEY CORP amended a filing by which it registered a securities offering with the SEC.
28 Jan 2002securities registration● Neutral
TRI VALLEY CORP amended a filing by which it registered a securities offering with the SEC.
17 Dec 2001securities registration● Neutral
TRI VALLEY CORP amended a filing by which it registered a securities offering with the SEC.
17 Oct 2001securities registration● Neutral
TRI VALLEY CORP registered a securities offering with the SEC.
18 May 1998late filing notice▼ Bad
TRI VALLEY CORP notified the SEC that its quarterly report would be filed late.
1 Apr 1998late filing notice▼ Bad
TRI VALLEY CORP notified the SEC that its annual report would be filed late.