12 Sept 2014late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 May 2014quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported a quarterly net loss of $101 thousand for the period ended 2014-03-31.
19 Feb 2014material agreement● NeutralMajor
Effective February 17, 2014 the company agreed to buy a further 29% of Everenergy from Mr. Hu Qinjian for 11 million restricted shares at a deemed $0.45 each, taking its total to 53%, which the filing says gives control. This builds on the 24% stake bought in December 2013, and the filing also corrects the December 2013 report: the factory covers 16.5 acres, not 100.
14 Feb 2014quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported a quarterly net loss of $50 thousand for the period ended 2013-12-31.
30 Jan 2014auditor change● Neutral
This amendment repeats the January 22, 2014 notice that auditor I. Vellmer Inc. resigned effective January 21, 2014 and Weld Asia Associates was engaged. It adds that Vellmer's reports from 2008 to 2014 carried a going-concern doubt paragraph, that no disagreements were reported, and attaches Vellmer's January 28, 2014 letter to the SEC as an exhibit.
22 Jan 2014auditor change● Neutral
Effective January 21, 2014 the board accepted the resignation of its auditor I. Vellmer Inc. (engaged since September 22, 2008) and engaged Weld Asia Associates as the new auditor. The filing reports no disagreements or reportable events during that period.
23 Dec 2013material agreement● NeutralMajor
Effective December 20, 2013 the company agreed to acquire a 24% interest in Everenergy New Material Co., Ltd., a lithium battery and battery materials maker in Yi Chun, Jiangxi Province, China, for 8 million restricted shares (deemed price $0.375) plus $1.0M cash. This is a second China acquisition within about two weeks, and a move into batteries beyond the gold claims bought on December 11.
11 Dec 2013material agreement● NeutralMajor
Effective December 11, 2013 the company agreed to acquire a 70% interest in three gold exploration claims in China's Xinjiang Province from Yinfu Gold Corporation, in exchange for six million restricted shares. The claims cover 7.91, 15.80 and 10.28 square kilometers; their validity runs to 2014 or 2015 and extends 12 months with a renewal fee of $10,000 per claim. The CEO describes it as the first of many planned acquisitions.
6 Dec 2013capital raising announcement● NeutralMajor
Effective December 4, 2013 the company completed a private placement of 5,000,000 restricted shares at $0.20 each, for $1,000,000, sold under Regulation S. The press release says the money is for acquisitions and general purposes and that more similar rounds are being considered. The address is now in Hong Kong and Kelvin Chak signs as CEO, a change from the earlier Vancouver-based filings.
13 Nov 2013quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $12 thousand for the period ended 2013-09-30.
17 May 2013quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $6 thousand for the period ended 2013-03-31.
15 May 2013late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its quarterly report would be filed late.
14 Feb 2013quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $5 thousand for the period ended 2012-12-31.
14 Nov 2012quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $16 thousand for the period ended 2012-09-30.
21 May 2012quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $8 thousand for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its quarterly report would be filed late.
14 Feb 2012quarterly activities report● Neutral
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and net income of $13 thousand for the period ended 2011-12-31.
14 Nov 2011quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported quarterly revenue of $0 and a net loss of $9 thousand for the period ended 2011-09-30.
28 Sept 2011late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its annual report would be filed late.
16 May 2011quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported a quarterly net loss of $13 thousand for the period ended 2011-03-31.
14 Feb 2011quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported a quarterly net loss of $19 thousand for the period ended 2010-12-31.
5 Jan 2011capital raising announcement● NeutralMajor
On December 31, 2010 the company issued 1,620,589 shares at $0.10 to current directors Robert Dinning and David Yu and former directors Peter Bojtos and Martial Levasseur, settling $162,058.42 of debt owed to them. The company expects about $20,000 of total liabilities afterwards, and the shares are about 33% of the stock outstanding before the issue, so existing holders were diluted.
16 Nov 2010quarterly activities report▼ Bad
Banny Cosmic International Holdings, Inc reported a quarterly net loss of $17 thousand for the period ended 2010-09-30.
15 Nov 2010late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its quarterly report would be filed late.
29 Sept 2010late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its annual report would be filed late.
16 Sept 2008auditor change▼ Bad
On September 10, 2008 the auditor Williams & Webster resigned. The filing says it had audited fiscal 2006 and 2007, its reports carried a going-concern warning (no revenues, limited cash, significant operating losses), and there were no disagreements with the company.
28 Sept 2007late filing notice▼ Bad
Banny Cosmic International Holdings, Inc notified the SEC that its annual report would be filed late.
26 Feb 2007material agreement termination▼ BadMajor
On February 14, 2007 the company agreed to end the Beowawe exploration agreement with Atna, saying the work program never started because it could not secure financing. It will pay Atna $113,520 and issue 2.2 million shares as full settlement, on top of the 100,000 shares and $60,000 already given to Atna and a 1,000,000-share finders' fee. This ends the 2005 Beowawe deal. Separately, a Feb 26, 2007 press release announced a letter of intent to acquire Great American Minerals (private, Salt Lake City, 900+ mining claims mainly in Nevada) for a number of shares yet to be determined, with a definitive agreement targeted by April 20, 2007 and closing by June 20, 2007. It also said the company is awaiting a consultant's report on its NUP property in Sumatra, Indonesia.
24 July 2006securities registration● Neutral
Banny Cosmic International Holdings, Inc amended an already-effective registration statement.
17 July 2006material agreement termination● Neutral
On July 14, 2006 the company and Dutchess Private Equity Fund II agreed to end their investment agreement, which let the company sell Dutchess up to 100,000,000 shares (up to $10,000,000). Only 2,364,387 shares were sold for $229,344 since the resale registration became effective on October 31, 2005, and no termination penalty was incurred. The filing says it was ended to remove an impediment that investment bankers perceived to raising capital to fund the business plan.