27 Sept 2006securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Sept 2006securities registration● Neutral
BPZ RESOURCES, INC. registered a securities offering with the SEC.
26 Sept 2006listing compliance notice▼ Bad
BPZ RESOURCES, INC. withdrew a registration statement, abandoning the offering it covered.
25 Sept 2006director interest notice● Neutral
BPZ RESOURCES, INC. CFO (Interim) Caminos Edward G received 225,000 shares as part of the equity award.
15 Aug 2006late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
17 July 2006director interest notice● Neutral
BPZ RESOURCES, INC. Chief Financial Officer Keys Randall D bought 525,000 shares on the open market.
14 July 2006director interest notice● Neutral
BPZ RESOURCES, INC. director Strauch Dennis G bought 250,000 shares on the open market at $0.00.
10 July 2006substantial holder notice● Neutral
Wellington Management Company, LLP reported a BPZ RESOURCES, INC. shareholding of 7,016,247 shares (14.89% of votes) in a periodic institutional filing.
7 July 2006director interest notice● Neutral
Caminos Edward G became a BPZ RESOURCES, INC. Chief Financial Officer and company insider (initial ownership filing).
7 July 2006director interest notice● Neutral
BPZ RESOURCES, INC. director E Barger III Miller bought 250,000 shares on the open market at $0.00.
7 July 2006director interest notice● Neutral
BPZ RESOURCES, INC. Chief Financial Officer Keys Randall D bought 525,000 shares on the open market.
7 July 2006director interest notice● Neutral
BPZ RESOURCES, INC. director Lendrum John J III bought 250,000 shares on the open market at $0.00.
6 July 2006material agreement● Neutral
BPZ filed the standard forms of award agreements (tax-qualified and non-qualified stock options, restricted stock) under its existing 2005 Long-Term Incentive Compensation Plan. No amounts, grants or new terms are stated.
6 July 2006capital raising announcement● NeutralMajor
On June 30, 2006 BPZ sold 4,482,000 shares at $2.75 to eight investors, raising about $12.3 million, lower than the $3.00 prices of the 2005 and March 2006 placements. Morgan Keegan received warrants for 150,000 shares at $3.00 expiring June 30, 2011. Resale registration is due 30 days after the restated filings are filed. Shares outstanding rose to 47,115,747 (60,724,399 fully diluted).
What it means for a shareholder
4.5m new shares at $2.75 to raise about $12.3m. 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 May 2006financial restatement▼ BadMajor
BPZ settled its February 2006 Colorado lawsuit against NFS and John McKowen, giving it access to NFS records needed for the restatement. It also said a further restatement is likely after new SEC comments on the NFS accounting, the pre-merger BPZ-Texas figures, and the 9,000,000 earn-out shares given to former BPZ-Texas holders. The earn-out change could mean a non-cash charge of up to $32 million. Restatement is expected by mid-August 2006 (no assurance). The delay triggers penalties of $343,980 a month under the July 2005 $34.4 million placement, which BPZ hopes to pay partly in stock. This continues the restatement thread and worsens it.
16 May 2006late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
14 Mar 2006capital raising announcement● Neutral
BPZ sold 1,670,000 shares at $3.00 to four institutional and accredited investors on March 10, 2006, raising about $5.0 million. It must file a resale registration statement within 60 days of closing, with fees owed if it misses the filing or effectiveness deadlines. Shares outstanding rose to 42,282,000 (54,690,000 fully diluted).
6 Mar 2006director interest notice● Neutral
Thomas Kelly became a BPZ RESOURCES, INC. company insider (initial ownership filing).
14 Feb 2006substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial BPZ RESOURCES, INC. shareholding (9.16% of votes).
17 Jan 2006securities registration● Neutral
BPZ RESOURCES, INC. amended a filing by which it registered a small-business securities offering with the SEC.
28 Nov 2005substantial holder notice● Neutral
Thomas Kelly reported a BPZ RESOURCES, INC. shareholding of 3,465,486 shares (9.10% of votes) in a periodic institutional filing.
22 Nov 2005business combination▼ BadMajor
BPZ said on Nov 17, 2005 that it must restate its 2004 annual report and several quarterly reports. The SEC took the view that the accounts must keep including Navidec Financial Services (NFS), the unit due to be spun off to pre-merger Navidec holders, until the spin-off is fully completed, and BPZ agreed. This explains the late quarterly report flagged on Nov 15; the Sept 30, 2005 10-Q cannot be filed until the restatement is done. The NFS spin-off thread continues and depends on NFS's pending registration statement, which BPZ does not control.
15 Nov 2005late filing notice▼ Bad
BPZ RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
8 Nov 2005director interest notice● Neutral
Ralph Armijo became a BPZ RESOURCES, INC. President & CEO and company insider (initial ownership filing).
8 Nov 2005director interest notice● Neutral
BPZ RESOURCES, INC. President & CEO Ralph Armijo received a stock option grant for 70,000 shares.
8 Nov 2005director interest notice● Neutral
BPZ RESOURCES, INC. President & CEO Ralph Armijo bought 1,446 shares on the open market.
7 Nov 2005director interest notice● Neutral
BPZ RESOURCES, INC. President & CEO Ralph Armijo received a stock option grant for 200,000 shares.
7 Nov 2005director interest notice● Neutral
BPZ RESOURCES, INC. President & CEO Ralph Armijo received a stock option grant for 150,000 shares.
7 Nov 2005director interest notice● Neutral
Ralph Armijo became a BPZ RESOURCES, INC. President & CEO and company insider (initial ownership filing).
7 Nov 2005director interest notice● Neutral
BPZ RESOURCES, INC. President & CEO Ralph Armijo received a stock option grant for 25,000 shares.