Tue, Jul 22, 2014, 6:12 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Halcon Resources Corp. Message Board

  • felizhora99 felizhora99 Sep 30, 2013 10:09 AM Flag

    If no intent to sell why register them which alows them to do so

    The want to be able to bail if things don't change.Let this be a warning to Floyd and button down.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The Halcon S-3 filing:
      "The stockholders named in the registration statement have informed Halcon that they have no current intention to sell the shares covered by the registration statement, which became effective upon filing."

      The Company will not receive any proceeds from potential sales of the common stock by the stockholders".

      Petro-Hunt Holdings, LLC
      Common Stock Beneficially Owned Prior to the Offering = 103,741,278
      Common Stock Being Offered Hereby = 103,741,278

      Pillar Holdings, LLC
      Common Stock Beneficially Owned Prior to the Offering = 5,059,715
      Common Stock Being Offered Hereby = 5,059,715

      CPP Investment Board PMI-2 Inc
      Common Stock Beneficially Owned Prior to the Offering = 43,885,366
      Common Stock Being Offered Hereby = 43,885,366

      Bottom Line: The above listed "key insiders" filed a Shelf Registration Statement so they have the right to sell any or all of their Halcon holdings at any time. Also there is the convertible debt that becomes convertible into 64,371,000 common shares on February 8, 2014 at $4.50

      That has created an 217,057,359 common share overhang on HK stock. Over the next 4 plus months these shares could all come to market. Plus the Canada Pension Plan Investment Board is offering 5,313,663 common shares per the S-3 filing.

      The S-3 filing was not insignificant. The above listed "key insiders" are free to sell at will. Is there any wonder there's downward pressure on the stock price.

    • Hope you know the fact that all have to comply with SEC rules especially when one is holding 100 million of 370 million that they have got as part of they being acquired ...

6.82-0.03(-0.44%)Jul 22 4:03 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.