15 May 2014quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported a quarterly net loss of $25 thousand for the period ended 2014-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2014late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its annual report would be filed late.
14 Nov 2013quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $34 thousand for the period ended 2013-09-30.
12 Aug 2013quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $36 thousand for the period ended 2013-06-30.
15 May 2013quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $21 thousand for the period ended 2013-03-31.
13 Nov 2012quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $33 thousand for the period ended 2012-09-30.
8 Aug 2012quarterly activities report● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and net income of $1.5 million for the period ended 2012-06-30.
15 May 2012quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $930 thousand for the period ended 2012-03-31.
18 Apr 2012business combination● NeutralMajor
On April 3, 2012, the company sold the assets of its Delta Seaboard Well Service subsidiary to Delta Seaboard, LLC, owned by Derrick and Burleigh, for $1,600,000 cash plus a 5-year, 5% note for $1,400,000 secured on the business's 3.2-acre property. Derrick and Burleigh resigned as officers and directors and gave their 31,925,832 shares (about 45%, valued at $1,075,000) to American International Industries, which owned about 46.4%. The company says it is now a non-operating shell. The board cited the cash gain, funding American's stock buy-back, and Delta's continuing operating losses so it can explore new businesses. This reverses the February 2010 merger that made the company an operating business.
14 Nov 2011quarterly activities report● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and net income of $54 thousand for the period ended 2011-09-30.
15 Aug 2011quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $7 thousand for the period ended 2011-06-30.
15 Aug 2011quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $0 and a net loss of $7 thousand for the period ended 2011-06-30.
27 July 2011material agreement▲ GoodMajor
On June 29, 2011, the company (now Delta Seaboard International) agreed with Vision Opportunity Master Fund (VOMF) that VOMF would convert all 3,769,626 outstanding preferred shares into the same number of common shares and waive accrued dividends. The company pays $225,000 ($50,000 at signing, $175,000 if paid by September 30, 2011), or $250,000 if it pays at $20,000 a month instead. The company says this lifts stockholders' equity from about $2.2 million to $3.0 million (about 36%). This settles the open question of what happened to VOMF's preferred stock from 2006-2007, and it ends the preferred, though it adds common shares.
13 May 2011quarterly activities report● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. reported a quarterly net income of $17 thousand for the period ended 2011-03-31.
31 Mar 2011asset acquisition disposition● Neutral
This amended filing (8-K/A, filed March 2011) re-describes the February 3, 2010 reverse merger with Delta Seaboard Well Service and attaches Delta's financials, which the filing text cuts off. The terms repeat the earlier report: American ends up with 32,859,935 shares (48.2%), Derrick and Burleigh 30,924,353 (45.4%), and all other holders 4,357,962 (6.4%) of 68,142,250. The company is to be renamed Delta Seaboard International, Inc. It adds no new deal terms. One inconsistency: Item 3.01 says 32,186,572 shares to American, while Item 2.01 gives 22,186,572 plus 10,000,000 (32,186,572 combined, against 32,859,935 total ownership).
14 Feb 2011substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 4,176,666 shares (5.80% of votes) in a periodic institutional filing.
15 Nov 2010quarterly activities report● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. reported a quarterly net income of $43 thousand for the period ended 2010-09-30.
16 Aug 2010quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported a quarterly net loss of $135 thousand for the period ended 2010-06-30.
31 Mar 2010late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its annual report would be filed late.
4 Mar 2010business combination● NeutralMajor
On February 3, 2010 the company completed a reverse merger with Delta Seaboard Well Service, a Texas well-servicing business (workover, plugging and abandonment, well completion) 51% owned by parent American International Industries. After a 1-for-10 reverse split, shares will be issued to Delta's owners, giving American 32,859,935 shares (48.2%), Delta's other owners Derrick and Burleigh 30,924,353 (45.4%) and all other holders 4,357,962 (6.4%) of 68,142,250 total. The company stops being a shell, will be renamed Delta Seaboard International, Inc., and control passes to the Delta and American designees. This resolves the search for a business after the April 2009 asset sale and heavily dilutes existing minority holders. The shares remain outstanding, though diluted to 6.4%.
22 Apr 2009material agreement▼ BadMajor
On April 16, 2009 the company sold all its assets, including the four operating subsidiaries (Hammonds Fuel Additives, Technical Services, Water Treatment Systems and ODV), to a new FabCorp subsidiary, Hammonds Technologies, LLC. In return FabCorp pays $2.6 million owed to Texas Community Bank, repays a $250,000 bridge note to VOMF, and assumes about $2.6 million of payables. The board cited failed efforts to raise capital, December 31, 2008 liabilities of about $7.3 million against assets about $460,000 lower (unaudited), and a view that it could not continue as a going concern. The company is left without operations and says it will look for a merger or other deal, with no counterparty identified. This ends the Hammonds business built since 2005.
31 Mar 2009late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its annual report would be filed late.
12 Feb 2009substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 5,071,225 shares (9.90% of votes) in a periodic institutional filing.
30 July 2008director interest notice● Neutral
Daniel Dror became a AMERICAN INTERNATIONAL HOLDINGS CORP. Chairman & CEO and company insider (initial ownership filing).
6 June 2008auditor change● Neutral
On June 3, 2008 the board dismissed auditor GLO CPAs and engaged GBH CPAs for fiscal 2008, subject to shareholder approval. The filing says GLO's 2006 and 2007 reports were clean and there were no disagreements. Unlike the 2007 Braden-to-GLO change, which was a firm merger, this is a dismissal on the audit committee's recommendation.
3 June 2008director interest notice● Neutral
John W Stump III became a AMERICAN INTERNATIONAL HOLDINGS CORP. company insider (initial ownership filing).
2 June 2008director interest notice● Neutral
Sherry Lynne Couturier became a AMERICAN INTERNATIONAL HOLDINGS CORP. VP & CFO and company insider (initial ownership filing).
19 Mar 2008financial restatement▼ BadMajor
Responding to SEC comments on the September 2006 quarterly report, the company said it restated the April 30, 2005 pro forma Hammonds acquisition statements: pro forma total assets went from $6,729,690 to $5,895,694 and equity from $812,320 to $3,094,720, with the acquisition goodwill of $3,845,815 replaced by $2,711,508 of other intangibles. It also restated the accounting for the VOMF preferred stock for Sept 30 and Dec 31, 2006 and March 31, 2007, adding a $1,290,898 deemed dividend, so the nine-month 2006 loss applicable to common shareholders went from $1,578,354 to $2,869,252. This adds to the earlier 2005 restatement and the late filings.
18 Mar 2008asset acquisition disposition● Neutral
An amended filing (under the old name International American Technologies Inc.) re-describes the April 28, 2005 purchase of 51% of Hammonds Technical Services and the Hammonds business (water treatment, fuel injectors, Biobor JF additives, ODV utility vehicle). The visible text restates the 2005 deal terms ($1,000,000 cash, a $2,000,000 credit line, 145,000 parent shares against a $1,450,000 note); the text is cut off, so any changes to the financials are not shown. Likely linked to the SEC-prompted restatement of the 2005 pro forma figures reported the next day (inference).
13 Feb 2008substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 4,245,134 shares (9.90% of votes) in a periodic institutional filing.