26 Dec 2023listing compliance notice▼ BadMajor
ADAMANT DRI PROCESSING & MINERALS GROUP 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.
20 Nov 2023quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $11 thousand for the period ended 2023-09-30.
17 Nov 2023auditor change▼ Bad
Adamant dismissed auditor Keith Zhen, CPA (who had also flagged going-concern doubt) and engaged GBQ Partners -- its last auditor change before deregistering from the SEC six weeks later.
13 Nov 2023late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
21 Aug 2023quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $22 thousand for the period ended 2023-06-30.
14 Aug 2023late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
27 June 2023director interest notice● Neutral
Nicholas Aaron Parks became a ADAMANT DRI PROCESSING & MINERALS GROUP President, Secretary/Treasurer and company insider (initial ownership filing).
22 May 2023quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $10 thousand for the period ended 2023-03-31.
15 May 2023late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
3 Apr 2023late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its annual report would be filed late.
14 Nov 2022quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $10 thousand for the period ended 2022-09-30.
12 Aug 2022quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $15 thousand for the period ended 2022-06-30.
13 May 2022quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $34 thousand for the period ended 2022-03-31.
12 Nov 2021quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $23 thousand for the period ended 2021-09-30.
10 Aug 2021quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $2 thousand for the period ended 2021-06-30.
13 Aug 2019listing compliance notice▼ BadMajor
ADAMANT DRI PROCESSING & MINERALS GROUP deregistered its securities, ending its obligation to file reports with the SEC.
15 May 2019late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
2 Apr 2019capital raising announcement▼ Bad
Post-pivot Adamant raised a token $49,975, selling 2.5 million shares at $0.02 each to a single non-U.S. investor -- a sign of how thin its financing options had become.
What it means for a shareholder
2.5m new shares at US$0.020 to raise about US$49,975. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held US$1,000 of shares (50,000 at the issue price), your slice goes from 0.313% to 0.271% of the company. To keep it you'd need 7,823 more shares - about US$156 at the issue price.
Create a free account to see this worked out for your own holding.
2 Apr 2019late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its annual report would be filed late.
26 Dec 2018material agreement▼ BadMajor
Adamant divested its original DRI iron ore business entirely, exchanging its Haixing Huaxin subsidiary -- owner of a $39 million Hebei production facility that had never reached full-scale output under Chinese environmental restrictions -- for 48.4 million of its own shares held by 16 exiting shareholders, completing the pivot toward the Shenzhen exhibition business.
14 Dec 2018asset acquisition disposition● NeutralMajor
Adamant agreed to take VIE control of Shenzhen Dingshang Technology, a Chinese exhibition- and display-design business, issuing 3 million shares to its owner -- the first sign of a pivot away from the struggling DRI iron ore business, completed eight days later.
16 Nov 2018quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported a quarterly net loss of $1.2 million for the period ended 2018-09-30.
15 Nov 2018late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
28 Sept 2018auditor change▼ Bad
MJF & Associates resigned as Adamant's auditor about four months after the 2016 restatement, having also flagged going-concern doubt about the company.
15 Aug 2018late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
24 May 2018financial restatement▼ BadMajor
Adamant restated its 2016 financial statements after discovering nearly $1.7 million of unrecorded legal expenses tied to litigation against its own DRI subsidiary, Haixing Huaxin Mining Industry -- cutting both 2016 net income and stockholders' equity.
16 May 2018late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.
3 Apr 2018late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its annual report would be filed late.
17 Nov 2017quarterly activities report▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP reported quarterly revenue of $590 thousand and a net loss of $1.3 million for the period ended 2017-09-30.
15 Nov 2017late filing notice▼ Bad
ADAMANT DRI PROCESSING & MINERALS GROUP notified the SEC that its quarterly report would be filed late.