14 Sept 2021listing compliance notice▼ BadMajor
Baying Ecological Holding Group Inc. 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.
28 Oct 2015financial restatement▼ BadMajor
The company said its fiscal 2014 (year ended June 30, 2014) financial statements can no longer be relied on, because auditor Terry L. Johnson, hired in 2014 to fix the earlier unaudited filings, was the subject of an SEC order dated September 17, 2015. New auditor BF Borgers CPA will re-audit fiscal 2014 and 2015, with the 2015 annual report expected within about a week. This continues the 2014 clean-up of the company's filings, and the filing shows the address now in Troy, Michigan and Parsh Patel as CEO.
24 Apr 2014auditor change▼ BadMajor
The company, now using the Baying Ecological Holding Group name again, said an SEC comment letter of February 12, 2014 found that eighteen reports for fiscal years 2009 through 2013, filed June 18, 2013 by prior management, had no audited or reviewed financials because the company treated itself as an 'inactive entity'. A new board hired Terry L. Johnson, CPA as auditor effective March 24, 2014 and plans to re-file those reports with audited or reviewed statements by about May 20, 2014. This also shows the address moved to Malibu, California and Jiao Zhouping signing as CEO.
14 Dec 2009auditor change● Neutral
Filed December 2009, this reports that Toro Ventures dismissed its auditor Gordon K. W. Gee on August 23, 2007 and hired Fazzari & Partners, L.L.P. the next day. The filing says there were no disagreements with Gee and no reportable events, and Gee wrote to the SEC agreeing with the statements. The change itself happened in 2007, well before this filing, and the filing gives no reason for the dismissal.
4 Apr 2008material agreement● NeutralMajor
On April 1, 2008, Toro Ventures signed a turnkey agreement with Nitro Petroleum, Inc. to acquire a 60% working interest in the Crown Oil and Gas leases in Pottowatomie County, Oklahoma, paying $250,000. This is the company's first stated oil and gas asset.
13 Feb 2008business combination● NeutralMajor
Toro Ventures gave notice that Frederick Graham Jr. (age 52) will become its president, CEO, treasurer and sole director, with Yan Liu resigning effective February 23, 2008. The company's address moves to Seattle, WA. Yan Liu still held 3,000,000 shares (51.3% of 5,845,000) per the table, though the filing does not say whether those shares are changing hands.
31 Jan 2008material agreement termination● NeutralMajor
On January 29, 2008, the majority holders and board cancelled the plan to appoint Lixin Yang and Zhixin Xiao and to rename the company Jet Petroleum Corp. The board goes back to Yan Liu as sole director and the name stays Toro Ventures Inc., reversing the January 14f-1 notices.
22 Jan 2008business combination● Neutral
A second amendment on the same day corrected the share count to 5,845,000 outstanding, which lowers Yan Liu's 3,000,000 shares to 51.3% from 55.9%. The planned new directors and Jet Petroleum Corp. rename were otherwise unchanged.
22 Jan 2008business combination● Neutral
An amended version of the January 18 notice, repeating the plan to add directors Lixin Yang and Zhixin Xiao and rename the company Jet Petroleum Corp. for its new oil and gas exploration focus. It still showed 5,363,000 shares outstanding and Yan Liu at 55.9%, and it dropped the section on communications with the board.
18 Jan 2008business combination● NeutralMajor
The company, then named Toro Ventures Inc. (the Baying name used in earlier filings), told shareholders it was adding two directors, Lixin Yang and Zhixin Xiao, to the board led by Yan Liu. A majority holder also consented to rename it "Jet Petroleum Corp." as its business moved from a fast food business in China to oil and gas exploration. No shareholder vote was required; 5,363,000 shares were outstanding, with Yan Liu holding 3,000,000 (55.9%).