Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 June 2011other▼ BadMajor
Three months after its March 2011 comment letter, the SEC noted Blue Gem had never substantively responded, set a hard June 28, 2011 deadline, and warned it would otherwise proceed on its own and could publicly release all of the correspondence.
17 Mar 2011other▼ BadMajor
An SEC comment letter flagged that Blue Gem's 10-Q for the quarter ended Nov 30, 2010 was still unfiled two months past its Jan 14, 2011 due date, that its SIC code still read metal mining despite becoming a food/beverage distributor, that its 2010 forward stock split wasn't retroactively restated in the financial statements, and asked for more detail on the Share Exchange Agreement terms and on how it accounts for its produce/dairy distribution arrangement with American Fruit & Produce Corp.
14 Jan 2011late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its quarterly report would be filed late.
19 Oct 2010quarterly activities report▼ BadMajor
Reported a consolidated net loss of $311,559 for the quarter ended August 31, 2010 (versus $6,759 a year earlier) and total assets of $1,122,425 (versus $261,106) - already folding in newly-acquired Title Beverage Distribution's results even though the Share Exchange Agreement, signed August 13, didn't formally close until September 14, two weeks after this quarter's own end date.
15 Oct 2010late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its quarterly report would be filed late.
24 Sept 2010other material event▼ BadMajor
Blue Gem publicly corrected roughly eight months of its own press releases (December 2009-July 2010), acknowledging that deals it had announced as its own were actually done by Title Beverage Distribution, which only became Blue Gem's subsidiary when the Share Exchange Agreement closed on September 14, 2010 - before that date Title was still a separate, private company merely bound to Blue Gem by letter of intent.
22 Sept 2010annual report● NeutralMajor
A 10-K/A added detail on Title's supply arrangement with drink maker Electric Beverage Company (EBC), now formally amended to add Blue Gem as a party: $1,015,000 in product pre-payments (May-July 2010) plus roughly $800,000 in further advances, with $100,000 of Title's debt forgiven by Blue Gem in exchange for EBC easing minimum-purchase requirements and extending the distribution term.
14 Sept 2010annual report▼ BadMajor
The FY2010 10-K confirmed Title Beverage Distribution had become a wholly-owned subsidiary and that Blue Gem was letting its original Golden Prince mining claim lapse rather than pay the roughly $140 annual fee to keep it. Blue Gem's own net loss was $175,292 (accumulated deficit $230,474) while Title separately lost $475,017 in its first ~8 months, with Walgreens and Publix as its main retail customers; a $2.09 million raise from 11 accredited investors in April-July 2010 was already largely spent, leaving only about three months of cash.
27 Aug 2010late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its annual report would be filed late.
10 June 2010auditor change● Neutral
Friedman, Cohen, Taubman & Company, LLC was appointed June 7, 2010 to fill the auditor vacancy LBB & Associates left in April.
27 Apr 2010auditor change● Neutral
Auditor LBB & Associates resigned effective April 20, 2010, with no disagreements on any accounting matter - its prior opinions had only flagged going-concern doubt.
19 Apr 2010quarterly activities report▼ BadMajor
Net loss ballooned to $252,768 for the quarter ended February 28, 2010 (from $7,463 a year earlier), driven by a sharp jump in administrative and general expenses coinciding with the pending Title Beverage Distribution deal announced two months earlier, taking the since-inception deficit to $318,168; the company still reported no assets.
14 Apr 2010late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its quarterly report would be filed late.
19 Jan 2010quarterly activities report▼ Bad
Filed the delayed 10-Q for the quarter ended November 30, 2009: the six-month net loss improved to $10,218 from $27,926 a year earlier, taking the since-inception deficit to $65,400; the company reported no assets at all.
15 Jan 2010late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its quarterly report would be filed late.
15 Dec 2009material agreement▲ GoodMajor
Blue Gem signed a letter of intent to merge with Title Beverage Distribution, Inc., the athlete-endorsed Title Sports Drink's exclusive distributor to more than 1,500 South Florida stores - the accompanying press release was headlined "Blue Gem Enterprise Acquires Title Beverage Distribution," but the deal was only a non-binding LOI at this stage, not yet a completed acquisition.
26 Oct 2009director interest notice● Neutral
Blue Gem Enterprise, Inc. President Belmont Partners, LLC sold 164,473,700 shares.
23 Oct 2009business combination● Neutral
An 8-K/A filed two days later corrected the buyer's identity in the October 21 report: the 82,236,850-share, $235,000 purchase from Belmont Partners was made by Allan Sepe personally, not by "Charter Consulting Corp." as first reported.
21 Oct 2009business combination▲ GoodMajor
Reported as bought by Charter Consulting Corp., Belmont Partners' 82,236,850-share (76.68%) controlling stake actually sold for $235,000 on October 15, 2009; new CEO/Chairman Allan Sepe (a career cruise-line beverage buyer/manager) and CFO/Secretary Anthony Dervali took over from the departing Meuse, a 16.44737-for-1 forward stock split was approved, and the company pivoted its business plan to non-alcoholic Direct Store Beverage Distribution.
14 Oct 2009quarterly activities report▼ Bad
Filed the delayed 10-Q for the quarter ended August 31, 2009 - the first filed under new controlling shareholder Belmont Partners - reporting a $6,759 net loss (from $5,201 a year earlier) and a since-inception deficit of $61,941; total assets were $1,059.
13 Oct 2009late filing notice▼ Bad
Blue Gem Enterprise, Inc. notified the SEC that its quarterly report would be filed late.
5 Aug 2009annual report▼ Bad
The FY2009 10-K reported a $55,182 net loss since inception and confirmed no exploration work had begun on the Golden Prince claim; the company's offices had moved to Washington, VA, the base of its new Belmont Partners-installed management.
31 July 2009director interest notice● Neutral
Belmont Partners, LLC became a Blue Gem Enterprise, Inc. President and company insider (initial ownership filing).
31 July 2009director officer appointment● NeutralMajor
Belmont Partners, LLC - a firm specializing in acquiring control of dormant shell companies - bought 5,000,000 shares (76.63%) on July 29, 2009; its managing member Joseph Meuse became Director, President and Secretary while founders Dave Beatty and Susan Loyd resigned all positions, effectively ending the original mineral-exploration plan.
14 Apr 2009quarterly activities report▼ Bad
Net loss narrowed to $7,463 for the quarter (from $11,498 a year earlier), though the nine-month FY2009 loss reached $35,389 and the since-inception deficit $54,149 - consistent with the $55,182 total the FY2009 annual report would report a few months later; total assets fell further to $7,351.
14 Jan 2009quarterly activities report▼ Bad
Net loss widened sharply to $22,724 for the quarter (from $1,493 a year earlier), taking the six-month FY2009 loss to $27,926 and the since-inception deficit to $46,686; total assets fell to $13,314 from $38,240.
15 Oct 2008quarterly activities report▼ Bad
Reported a $5,201 net loss for the quarter (period ended August 31, 2008), up from $1,497 a year earlier, with a $23,961 deficit accumulated since the company's November 2006 inception; total assets were $34,539.
25 Sept 2008other● Neutral
The SEC declared Blue Gem's September 2008 resale registration statement effective.
11 Sept 2008securities registration● Neutral
Blue Gem Enterprise (a Nevada mineral-exploration shell incorporated Nov 28, 2006) filed an S-1 registering the resale of 1,520,000 of its 6,520,000 outstanding shares at $0.10 each; the $48,000 it had raised to date via private placements funded its December 2007 purchase of the Golden Prince lode mining claim in Nevada, and the company itself receives no proceeds from this resale offering.
