25 Jan 2017listing compliance notice▼ BadMajor
Glori Energy Inc. suspended its duty to file periodic reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Jan 2017listing compliance notice▼ BadMajor
Glori Energy Inc. suspended its duty to file periodic reports with the SEC.
25 Jan 2017listing compliance notice▼ BadMajor
Glori Energy Inc. deregistered its securities, ending its obligation to file reports with the SEC.
25 Jan 2017listing compliance notice▼ BadMajor
Glori Energy Inc. suspended its duty to file periodic reports with the SEC.
12 Jan 2017securities registration● Neutral
Glori Energy Inc. amended an already-effective registration statement.
10 Nov 2016quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $2.5 million for the period ended 2016-09-30.
10 Nov 2016quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $2.5 million for the period ended 2016-09-30.
20 Sept 2016listing compliance notice▼ BadMajor
Glori Energy Inc.'s securities were notified for removal from listing and registration on its exchange.
9 Sept 2016listing compliance notice▼ BadMajor
Glori's board decided on September 8, 2016 to voluntarily delist its common stock from Nasdaq and deregister it under Section 12(b), rather than try to cure the equity and $1.00 bid price deficiencies. It plans to file Form 25 around September 19, expects delisting around September 29, 2016, and intends to seek trading on an OTC Market Group system and keep filing reports under Section 15(d). The board cited the cost and uncertainty of staying compliant. The press release says the company is pursuing its 'Phoenix' plan to lease abandoned oil fields and has begun leasing acreage in one, is in talks for a modest corporate-level raise, is evaluating project financing, and expects a decision in 30-60 days on its DOE loan guarantee application; it gives no assurance any of this will succeed. It also names Kevin Guilbeau as Executive Chairman and CEO. Shares stay held, but move from Nasdaq to over-the-counter trading.
19 Aug 2016listing compliance notice▼ BadMajor
On August 18, 2016 Nasdaq said Glori's stockholders' equity at June 30, 2016 was below the $2.5 million minimum, and that it also fails the alternative market value and net income tests. This is on top of the bid-price shortfall reported in October 2015. Glori has 45 days to submit a plan to regain compliance and is still deciding whether to do so; a plan could earn an extension up to 180 days from the notice date. The company's address is again shown as 4315 South Drive.
11 Aug 2016quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $3.2 million for the period ended 2016-06-30.
11 Aug 2016quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $3.2 million for the period ended 2016-06-30.
20 June 2016director interest notice● Neutral
Glori Energy Inc. 10%+ owner Waleed Omer Abdul-monem Al-zawawi sold 1,445,220 shares at $0.21.
13 May 2016quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $3.4 million for the period ended 2016-03-31.
16 Feb 2016substantial holder notice● Neutral
KPCB XII Associates, LLC reported a Glori Energy Inc. shareholding of 1,474,236 shares (4.60% of votes) in a periodic institutional filing.
6 Nov 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $1.3 million for the period ended 2015-09-30.
6 Nov 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $1.3 million for the period ended 2015-09-30.
23 Oct 2015listing compliance notice▼ BadMajor
On October 23, 2015 Nasdaq warned Glori that its stock had closed below $1.00 for 30 straight business days. Glori has until April 20, 2016 to get back above $1.00 for 10 consecutive business days, with a possible second 180-day period. It has not lost its listing, and the company says it may consider a reverse stock split if needed. The company's address is now 10350 Richmond Avenue, Suite 850, Houston.
7 Aug 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $4.9 million for the period ended 2015-06-30.
7 Aug 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $4.9 million for the period ended 2015-06-30.
8 May 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $3.0 million for the period ended 2015-03-31.
8 May 2015quarterly activities report▼ Bad
Glori Energy Inc. reported a quarterly net loss of $3.0 million for the period ended 2015-03-31.
17 Feb 2015substantial holder notice● Neutral
KPCB XII Associates, LLC reported a Glori Energy Inc. shareholding of 2,157,260 shares (6.80% of votes) in a periodic institutional filing.
13 Feb 2015substantial holder notice● Neutral
Polar Securities Inc, North Pole Capital Master Fund reported no remaining Glori Energy Inc. shareholding in its periodic institutional filing.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. Chief Technology Officer Michael Pavia received 80,645 shares as part of the equity award.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. director Ganesh Kishore received 24,194 shares as part of the equity award.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. Chief Financial Officer Victor M Perez received 83,871 shares as part of the equity award.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. S.V.P. of Operations Kenneth Nimitz received 76,323 shares as part of the equity award.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. officer Thomas Lee Holland received 80,645 shares as part of the equity award.
30 Jan 2015director interest notice● Neutral
Glori Energy Inc. President and CEO Stuart M Page received 258,065 shares as part of the equity award.