13 Nov 1997securities registration● Neutral
Further update to the warrant-shares resale prospectus, incorporating the just-announced warrant redemption call and the new Continental Holdings acquisition talks.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Nov 1997other material event▲ GoodMajor
Called all outstanding redeemable warrants for redemption at $0.10 each after the stock traded above $9 for 20 straight days - forcing warrant-holders to exercise (at $6.00/share) or lose them, a sign of share-price strength that could bring in meaningful exercise proceeds.
31 Oct 1997securities registration● Neutral
Amended the shelf registration covering the 1,610,000 warrants (exercisable at $6.00/share) issued in Venture's original public offering, keeping the resale prospectus for warrant-holders current.
22 Oct 1997securities registry admin● Neutral
Registered shares for an employee stock/benefit plan - routine equity-compensation housekeeping.
26 Sept 1997substantial holder notice● Neutral
Confirms the High View Fund group (Werlin/Brown) no longer held more than 5% of Venture as of July 16, 1997, closing out the ownership stake first disclosed in November 1996.
23 Sept 1997substantial holder notice● Neutral
The High View Fund group's Delaware-fund entity reported its stake had fallen below the 5% disclosure threshold, unwinding the passive position taken in late 1996.
23 Sept 1997substantial holder notice● Neutral
The High View Fund group's Cayman-fund entity likewise reported falling below the 5% disclosure threshold.
11 Aug 1997quarterly activities report● Neutral
Quarter ended June 30, 1997; share count essentially unchanged at 3.1 million.
14 May 1997quarterly activities report● Neutral
Quarter ended March 31, 1997; share count stable at 3.1 million.
25 Mar 1997agm notice● Neutral
Definitive notice for the annual shareholder meeting following the preliminary filing.
24 Mar 1997annual report▼ BadMajor
Second amendment to the fiscal 1996 annual report, adding the MD&A financial table: gross margin compressed to 15.2% of revenue from 29.0% a year earlier and the company swung to a pretax loss (-7.2% of revenue) from an 8.0% pretax profit, confirming the Boone-integration-driven downturn already flagged in the original filing.
12 Mar 1997agm notice● Neutral
Preliminary notice for Venture's annual shareholder meeting.
7 Feb 1997quarterly activities report● Neutral
Quarter ended December 31, 1996; share count stable at 3.1 million, no new material developments.
27 Jan 1997annual report● Neutral
Amendment adding the fiscal 1996 director/officer and executive-compensation disclosure that the original annual report had deferred to the not-yet-filed proxy statement.
24 Dec 1996annual report▼ BadMajor
First annual report: Venture is a Calgary-based land/wetlands seismic-data contractor for oil and gas explorers, riding the industry's shift from 2D to 3D surveys. Fiscal 1996 revenue was $14.1 million, but direct costs from integrating Boone pushed the year to a net loss versus the prior year's profit.
21 Nov 1996quarterly activities report● Neutral
Administrative refiling of the June-quarter 10-QSB to add the required financial-data-schedule exhibit and CFO signature; confirms that quarter's net loss of $228,933 (-$0.08/share).
12 Nov 1996substantial holder notice● Neutral
The High View Fund group (Ernest Werlin and Andrew Brown, via two affiliated funds) disclosed a passive 6.4% stake (198,300 shares); no plans to influence control were disclosed.
9 Aug 1996quarterly activities report● Neutral
Quarter ended June 30, 1996, the first full quarter including Boone Geophysical; share count little-changed at 3.1 million.
26 June 1996asset acquisition disposition▲ GoodMajor
Venture bought 100% of Boone Geophysical, a Texas/southeastern-US land seismic contractor, for $1.75 million (mostly cash plus stock) - its first acquisition, expanding operations into the southern US.
14 May 1996quarterly activities report● Neutral
Venture's first SEC filing as a small public seismic-data contractor: quarter ended March 31, 1996, 3.0 million common shares outstanding.