Run of River Power Inc V.ROR

Insiders buying

[icky8]

Insiders bought all 59,000 shares  at @
.11 today.Not a whole lot but this tells me the Private Placement will close soon and maybe some news to follow.Like I said earlier I'm not selling a share until they do.Follow the money!

[smoking81]

First they announced a non-brokered private placement of 16,666,667 shares and a month later they only got 15.5M even though insiders bought 11.5 M. This means they had trouble finding $360k of money and could not even get the last $100k. Most of this money is already spent and they may use it to cash out debenture holders first. I would take the advice of the previous poster and follow the

[smoking81]

Q1 results look very bad. Cash in the bank is less than $2.3MAmounts owing are:Salaries $.7M form 2010 report estimateFiling fees $1M estimateSeverance packages $.5M report states more severances were issued and more to comeRedemption of Debentures $1MEquity for Skookum project @40% of $80M is $32MAdditional debt paydown to meet 1.3 DSCR $1MPlant has never been able to generate money so no

[smoking81]

If you convert the $5.1M to shares, which they eventually will, they have just issued another 45M shares. $1.6M of that is existing money which will just be converted to shares. Hope they can close the other $3.5M or else there is no money left to keep going. Now most of the financing has been done around 10 cents so anyone buying the company will see this as the benchmark price. If an

[smoking81]

This company is swimming in debt. They have $10.1M of long term debt and $3M of debentures and convertable debentures with more to come. On the long term loan they are out of compliance and the lenders have provisions in the loan agreement that enable the lender to take certain actions under such noncompliance circumstances. These actions consist of 1) increase of the interest rate from 6.33%

[smoking81]

Peter Zell who is one of the two main insiders and has purchased all the shares in the last few weeks. If there were a substantial merger or takeover happening he would be prevented from doing this. Probably trying to support the stock price. Sep 20/11 Sep 20/11 Zell, Peter

[teguychum]

Top 10 Stocks By Net Buys Volume Symbol Company Name Insider Buys Volume Insider Sells Volume Net Buys Volume ROR Run of River Power Inc. 185,000 0 185,000 ROI Route1 Inc. 125,000 0 125,000 CVB Compass Gold Corporation 107,000 0

[smoking81]

On April 12, 2012, Rockford received notice from the lender that an Event of Default has occurred as Rockford was not in compliance with the revised debt service coverage ratio of 1.25:1 at March 31, June 30 and December 31, 2011.