Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Apr 2021auditor change● Neutral
On March 23, 2021 Somerset CPAs resigned by mutual agreement as Ameritrust's auditor, and the company engaged Benjamin & Ko for the fiscal year ending September 30, 2021. The filing reports no disagreements and no adverse opinion from Somerset.
22 Mar 2021asset acquisition disposition● NeutralMajor
Ameritrust completed the purchase of about 25,173 acres of vacant land in Lander County, Nevada on February 16, 2021 for a total price of $6,950,000. It paid part in cash and the balance with a $4,000,000 promissory note at 6.5% due February 16, 2023, and says it intends to develop the land into a cattle ranch exporting beef to China.
2 Sept 2020asset acquisition disposition● NeutralMajor
Ameritrust Corporation (formerly Gryphon Resources) reported that on August 28, 2020 it merged with Ameritrust Corporation, a Georgia corporation, with the Wyoming entity surviving. Georgia shareholders received one share per share held, and the filing describes the company as a real estate holding, developing and operating company, a different business from the earlier Arizona mineral options.
3 May 2012listing compliance notice▼ BadMajor
Ameritrust Corp deregistered its securities, ending its obligation to file reports with the SEC.
25 Jan 2011material agreement● NeutralMajor
On January 21, 2011 Gryphon signed the binding Cruce option agreement, following through on the November 2010 letter of intent, on the same terms: US$265,000, at least US$335,000 of spending and 2,600,000 restricted shares over three years, plus a 3% royalty. It had already paid the first $40,000 and issued 100,000 shares.
3 Dec 2010farm in farm out agreement● Neutral
On November 30, 2010 Gryphon signed a letter of intent for an option on the Cruce Property in south-central Arizona, from the same two vendors as the L.G. option. The planned terms are US$265,000 in payments, at least US$335,000 of spending and 2,600,000 restricted shares over three years, plus a 3% net smelter royalty; this was not yet a binding option agreement.
29 Sept 2010material agreement● NeutralMajor
On September 27, 2010 Gryphon sold its 99% stake in APM Madencilik Ltd., a Turkish subsidiary, to Albus Holdings S.A. The buyer took on US$97,920.04 of APM's liabilities to third parties, and Gryphon forgave US$15,338.14 owed to it by APM and gave up all interest in APM's exploration claims.
22 July 2010material agreement● NeutralMajor
Gryphon Resources took an option on July 19, 2010 to buy the L.G. Property, a mineral exploration property in south-eastern Arizona, from Noel Cousins and Steven Van Ert. Exercising it requires $240,000 in cash payments, at least $550,000 of spending on the property and 1,000,000 restricted shares, with further royalties and 1,000,000 more shares owed after exercise.
6 Mar 2008auditor change● Neutral
Gryphon Resources (the company's earlier name, before it became Ameritrust) replaced its auditor on March 3, 2008, dismissing Schumacher & Associates and hiring Madsen & Associates. The filing says there were no disagreements, and the earlier audit reports carried a going-concern uncertainty.
