Past year: ▼ 47%(2.00c – 5.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Apr 2025capital raising announcement▼ Bad
Took on $1.2 million of Viking-level debt directly, issuing FK Venture LLC an unsecured convertible note (10% interest, convertible at $0.15/share, about 8 million shares) to restructure an existing Viking obligation -- routine post-merger debt consolidation.
5 Jan 2022capital raising announcement▼ BadMajor
One day later, sold the same investor $100 million face value of new Series G Preferred Stock -- but the investor paid only $5 million cash upfront, financing the rest with its own promissory notes back to Camber payable through 2022, plus warrants on 100 million more shares -- a deal whose headline size is mostly paper unless the investor's own notes get paid.
4 Jan 2022capital raising announcement▼ BadMajor
Took out a new kind of financing -- a straight $25 million loan (a $26.3 million note with 5% OID) from its Series C-era investor, convertible at $1.50/share, secured by Camber's assets and a pledge of Viking shares, guaranteed by Viking itself, and paired with warrants on 50 million shares at $10-$20 -- a much larger, harder-secured facility than the preferred-stock rounds that preceded it.
12 July 2021capital raising announcement▼ BadMajor
Camber sold 1,575 more Series C preferred shares to an institutional investor for $15 million, at a 5% discount to face value. The money was for working capital and acquisitions, and Camber raised the number of designated Series C shares from 5,000 to 5,200.
13 Jan 2021capital raising announcement● NeutralMajor
During the Dec 2020 pivot to a direct Viking stock purchase, paid off $20.9 million Viking owed to lender EMC Capital Partners by issuing EMC 1,890 shares of Camber Series C Preferred Stock (plus $325,000 cash from Viking) -- a debt-for-equity swap that both cleaned up Viking's balance sheet and let Camber add 145,384,615 more Viking shares to its holding.
23 June 2020capital raising announcement▼ BadMajor
Opened another Series C tranche -- 630 shares for $6 million -- explicitly tied to the pending Viking merger, with a clause forcing Camber to buy the shares back at 110% of face value if the merger fails.
13 May 2020capital raising announcement▼ BadMajor
Confirmed the SylvaCap Media marketing deal and disclosed the dilution toll of Series C conversions: only 6.7 million shares outstanding as of May 2020 even after a 5x increase in authorized shares, with the conversion-premium price down to $0.6721 and falling -- and admitted it still needed a transaction to regain NYSE compliance.
5 Feb 2020capital raising announcement● NeutralMajor
As part of the original Camber-Viking merger agreement, loaned Viking $5 million via a 10.5% secured note (maturing 2022) and simultaneously opened a fresh Series C Preferred sale -- financing both sides of the deal it was trying to close.
21 May 2019capital raising announcement● Neutral
Camber agreed with Alan Dreeben, a former director and sole Series B holder, to convert all 44,000 Series B shares into 503 common shares for $25,000 in cash. This released $1.1 million of liquidation preference so no Series B would remain when the planned pipeline-services acquisition closed.
7 Dec 2018capital raising announcement▼ BadMajor
Opened yet another Series C facility -- up to $28 million (2,941 shares) -- with an amended $2.5 million initial closing and new trading-volume conditions on further draws; the 24.95% dividend rate continues.
20 Nov 2018capital raising announcement● Neutral
Hired Regal Consulting for six months of investor-relations work, paid $28,000 cash plus 200,000 shares per month.
1 Nov 2018capital raising announcement▼ BadMajor
The Series C investor fully converted the original April 2016 debenture -- just $495,000 of principal -- into 20,037,653 shares, almost all of it from ballooning conversion-premium shares rather than the principal itself, a stark illustration of how punishing the conversion terms had become; separately entered a fresh October 2018 Series C purchase agreement for more capital.
28 Sept 2018capital raising announcement▼ BadMajor
Completed the tenth and final closing of the October 2017 Series C facility -- the full $16 million contracted in October 2017 has now been drawn, over eleven months and ten separate tranches.
9 July 2018capital raising announcement▼ Bad
Drew a ninth Series C closing, this time $2 million, still short of the original $5 million commitment level.
23 May 2018capital raising announcement▼ Bad
Drew an eighth Series C closing, still $1 million against the outstanding $5 million commitment.
11 Apr 2018capital raising announcement▼ Bad
Drew a seventh Series C closing, again $1 million instead of the contracted $5 million.
12 Mar 2018capital raising announcement▼ BadMajor
Drew a sixth Series C closing, but only $1 million instead of the $5 million the October 2017 agreement called for at this stage -- the investor scaling back its own commitment.
22 Feb 2018capital raising announcement▼ Bad
Drew a fifth $1 million Series C closing.
1 Feb 2018capital raising announcement▼ Bad
Drew a fourth $1 million Series C closing.
27 Dec 2017capital raising announcement▼ Bad
Drew a third $1 million closing of the October 2017 Series C facility.
27 Nov 2017capital raising announcement▼ BadMajor
Drew a further $1 million (106 shares) in the 'Second Closing' of its $16 million Series C preferred deal with an institutional investor, after $2 million at signing in October 2017. Proceeds were earmarked for working capital, well workovers, drilling, vendor balances and payments to lender International Bank of Commerce.
6 Feb 2017capital raising announcement▼ BadMajor
Amended the Rogers loan again and, for the first time, borrowed directly from a member of its own board: director Alan Dreeben lent the company $1 million (a $1.05 million note with 5% OID) -- insider lending starts here, years before the pattern already on record for later officers.
21 Nov 2016capital raising announcement▼ BadMajor
Sold a second Series C tranche -- 474 shares for $4.5 million -- and amended the agreement so the investor's warrant is now exercisable only at its own election.
12 Oct 2016capital raising announcement▲ GoodMajor
The Series C investor exercised its First Warrant (1,384,616 shares), paying $4.5 million gross for 810,000 common shares. A further 3,117,351 shares were held in abeyance because of the investor's beneficial ownership limit.
8 Sept 2016capital raising announcement▼ BadMajor
Closed the initial tranche of the April 2016 Series C agreement, selling 53 Series C preferred shares and a warrant for 1,111,112 common shares for $500,000 gross proceeds.
2 May 2016capital raising announcement▼ Bad
Sold a new $150,000 convertible note (part of a $600,000 facility) to lender 'HFT'/Debra Herman at 6% interest, $1.50/share conversion, plus 124,285 warrants -- another small lender added to the note-financing roster.
25 Apr 2016capital raising announcement▼ Bad
Rockwell Capital Partners converted $159,780 of its assigned Silver Star notes into 106,520 shares at $1.50/share; separately, amended the December 2015 Segundo Resources asset purchase agreement (with 21+ sellers) to move its effective date to April 2016 and drop a share-registration requirement.
7 Apr 2016capital raising announcement▼ BadMajor
Signed agreements with an unnamed accredited institutional investor: a $530,000 debenture sold for $500,000 (5% discount) with a warrant exercisable for $4.5 million, plus a $5.26 million face Series C preferred stock purchase agreement at a $3.25 conversion price and a second warrant.
12 Feb 2016capital raising announcement▼ BadMajor
Sold Silver Star a fifth $200,000 convertible note (total $1 million of the $2.4 million line) and learned $300,000 of notes had been assigned to Rockwell Capital Partners. It gave Silver Star 30 days' notice to prepay the notes while stating it lacked the funds to do so.
5 Jan 2016capital raising announcement▼ Bad
Drew a fourth $200,000 tranche from the Silver Star line (dated year-end 2015), bringing the total drawn to $800,000 of the $2.4 million facility.
