22 May 2020listing compliance notice▼ BadMajor
FIELDPOINT PETROLEUM CORP deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 May 2020listing compliance notice▼ BadMajor
On May 19, 2020 FieldPoint's board voted to file a Form 15 to deregister its common stock with the SEC, taking effect 90 days after filing; the stock is then quoted on the OTCQB as FPPP. After that the company will no longer be an SEC-reporting company, so public filings like these are expected to stop. The filing does not say what happens to shareholders' shares, so their position is unresolved.
14 Aug 2019late filing notice▼ Bad
FIELDPOINT PETROLEUM CORP notified the SEC that its quarterly report would be filed late.
26 July 2019auditor change▼ BadMajor
Auditor Moss Adams LLP resigned effective July 19, 2019, and no replacement has been appointed. The filing reports no disagreements, but notes its audit reports on 2017 and 2018 both included going-concern warnings. This follows the 2017 switch to Moss Adams.
15 May 2019quarterly activities report▼ Bad
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $467 thousand and a net loss of $281 thousand for the period ended 2019-03-31.
2 Apr 2019material agreement● Neutral
This amendment corrects the earlier 8-K: the Eleventh Amendment to the Citibank loan agreement is now dated March 29, 2019, not 2018. Nothing else changes, and the terms of the amendments are still not stated.
2 Apr 2019material agreement● NeutralMajor
FieldPoint disclosed three further Citibank amendments to its loan and forbearance agreements: Ninth (July 25, 2018), Tenth (Nov 7, 2018) and Eleventh (dated March 29, 2018 in this filing, which looks like a typo for 2019 given the 8-K/A). Terms are not given in the text, and the lender is still working with the company through repeated amendments. The filing was made in April 2019, well after the first two agreements.
14 Mar 2019late filing notice▼ Bad
FIELDPOINT PETROLEUM CORP amended its notice to the SEC that its annual report would be filed late.
12 Mar 2019late filing notice▼ Bad
FIELDPOINT PETROLEUM CORP notified the SEC that its annual report would be filed late.
14 Nov 2018quarterly activities report▼ Bad
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $598 thousand and a net loss of $139 thousand for the period ended 2018-09-30.
13 Sept 2018agm notice● Neutral
FIELDPOINT PETROLEUM CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
14 Aug 2018quarterly activities report▼ Bad
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $598 thousand and a net loss of $139 thousand for the period ended 2018-09-30.
15 May 2018quarterly activities report▼ Bad
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $493 thousand and a net loss of $211 thousand for the period ended 2018-03-31.
9 Jan 2018material agreement● NeutralMajor
On Jan 5, 2018 FieldPoint signed a Seventh Amendment to its Citibank Loan Agreement and a First Amendment to the Forbearance Agreement, effective Dec 29, 2017. The filing does not state the terms, so what changed for the debt is not shown. It continues the Citibank forbearance arrangement.
4 Dec 2017listing compliance notice● NeutralMajor
FIELDPOINT PETROLEUM CORP's exchange filed to remove a class of its securities from listing.
4 Dec 2017listing compliance notice● NeutralMajor
FIELDPOINT PETROLEUM CORP's exchange filed to remove a class of its securities from listing.
20 Nov 2017auditor change▼ BadMajor
FieldPoint could not regain NYSE American listing compliance by the Nov 13, 2017 deadline, so it received a delisting notice; trading on the exchange is suspended effective Nov 27, 2017 and the stock is to be quoted on the OTCQB. This resolves the listing thread negatively. Separately, auditor Hein & Associates combined into Moss Adams LLP on Nov 16, 2017, so Moss Adams becomes the auditor; Hein's 2015 and 2016 audit reports both carried going-concern warnings, and no disagreements were reported.
14 Nov 2017quarterly activities report● Neutral
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $701 thousand and net income of $901 thousand for the period ended 2017-09-30.
31 Oct 2017agm notice● Neutral
FIELDPOINT PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 Sept 2017agm notice● Neutral
FIELDPOINT PETROLEUM CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 Sept 2017agm notice● Neutral
FIELDPOINT PETROLEUM CORP shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 Aug 2017quarterly activities report● Neutral
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $701 thousand and net income of $901 thousand for the period ended 2017-09-30.
15 May 2017quarterly activities report● Neutral
FIELDPOINT PETROLEUM CORP reported quarterly revenue of $900 thousand and net income of $1.7 million for the period ended 2017-06-30.
3 May 2017listing compliance notice▼ BadMajor
On April 28, 2017 the NYSE MKT told FieldPoint its stockholders' equity was now also below the $4.0 million threshold (Section 1003(a)(ii)), on top of the earlier shortfall against the $2.0 million threshold. The company must add to its existing plan (which targets Nov 13, 2017 for the first standard) by May 30, 2017; if the plan fails, the exchange will start delisting. This adds a second problem to the listing issue already open.
11 Apr 2017substantial holder notice● Neutral
LeRoy Landhuis disclosed a new substantial FIELDPOINT PETROLEUM CORP shareholding (8.29% of votes).
10 Apr 2017substantial holder notice● Neutral
Michael Herman disclosed a new substantial FIELDPOINT PETROLEUM CORP shareholding (6.22% of votes).
2 Mar 2017director interest notice● Neutral
FIELDPOINT PETROLEUM CORP 10%+ owner Of Rayford Darell Reaves, Estate Jr. sold 20,000 shares.
2 Mar 2017director interest notice● Neutral
FIELDPOINT PETROLEUM CORP 10%+ owner Donald F. Carnes sold 20,000 shares.
28 Feb 2017director interest notice● Neutral
FIELDPOINT PETROLEUM CORP 10%+ owner Of Rayford Darell Reaves, Estate Jr. sold 39,899 shares.
28 Feb 2017director interest notice● Neutral
FIELDPOINT PETROLEUM CORP 10%+ owner Donald F. Carnes sold 39,899 shares.