1 Apr 2014late filing notice▼ Bad
Bluforest 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.
18 Nov 2013quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $495 thousand for the period ended 2013-09-30.
12 Nov 2013late filing notice▼ Bad
Bluforest Inc. notified the SEC that its quarterly report would be filed late.
4 Nov 2013quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $495 thousand for the period ended 2013-09-30.
4 Nov 2013quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $495 thousand for the period ended 2013-09-30.
14 Aug 2013quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $433 thousand for the period ended 2013-06-30.
12 Aug 2013late filing notice▼ Bad
Bluforest Inc. notified the SEC that its quarterly report would be filed late.
10 July 2013securities registration● Neutral
Bluforest Inc. amended an already-effective registration statement.
15 May 2013quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $24.6 million for the period ended 2013-03-31.
13 May 2013late filing notice▼ Bad
Bluforest Inc. notified the SEC that its quarterly report would be filed late.
6 Feb 2013capital raising announcement▼ BadMajor
On January 30, 2013 Bluforest issued 100,000,000 shares to non-U.S. creditors to settle $900,000 of debt. The filing says this changed control: no one holds over 50%, but the issue dilutes the largest shareholder, Michael McCarthy, and by extension other existing holders. It also confirms that Amanda Miller resigned as an officer on January 10, 2013 as part of a restructuring and recapitalization. The debt settlement is separate from the earlier planned 25,000,000-share settlement of about $60,000 of creditor debt, which the filing does not mention.
28 Nov 2012material agreement● Neutral
On November 25, 2012 Bluforest signed a non-binding letter of intent giving it an option to acquire New World Generation, a private Canadian company in Owen Sound, Ontario that holds patents in wind turbine and energy storage technology. The price is a share-based deal still to be set during due diligence, and a formal agreement is only intended afterwards. This is a second option-style deal after the October PROFOCO letter, and it moves the company beyond carbon credits into renewable energy technology.
19 Nov 2012quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $731 thousand for the period ended 2012-09-30.
13 Nov 2012late filing notice▼ Bad
Bluforest Inc. notified the SEC that its quarterly report would be filed late.
29 Oct 2012material agreement● Neutral
On October 8, 2012 Bluforest signed a non-binding letter of intent giving it an option to buy UK-based PROFOCO (Protection of Forests and Conservation), with share and/or cash payment to be set during due diligence. No price is stated, and a formal agreement is only intended after due diligence is complete.
16 Oct 2012director interest notice● Neutral
Bluforest Inc. 10%+ owner Global Environmental Investments LTD. disposed of 23,000,000 shares via option/appreciation-right settlement.
16 Aug 2012securities registration● Neutral
Bluforest Inc. filed notice of an exempt private placement.
14 Aug 2012quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $812 thousand for the period ended 2012-06-30.
3 July 2012director interest notice● Neutral
Bluforest Inc. President James Donihee sold 50,000 shares at $2.00.
2 July 2012material agreement● NeutralMajor
Bluforest agreed to acquire the roughly 30,000-hectare Hacienda Forestal San Agustin property in Ecuador from Ecuador Farms S.A. for 26,750,000 newly issued restricted shares, which the filing values at about $180,000,000. The shares are held in escrow and returned for cancellation if the property is not definitively transferred, in which case the agreement is void. It is a second carbon-credit property alongside the GEIL property.
7 June 2012material agreement● NeutralMajor
Now named Bluforest Inc., the company amended its April 2012 filing because the wrong agreement had been attached as Exhibit 10.1 and the description was based on it. The corrected text says the GEIL purchase covers timber and related rights on the roughly 105,000-hectare property, to develop it as a carbon credit project, rather than the oil and gas wording used earlier. The terms are unchanged: 75,000,000 restricted shares (a 75% control interest), the Mainland consulting deal and the debt settlements. The voting trustee is now named as Fred Nikoo instead of Amanda Miller.
21 May 2012quarterly activities report▼ Bad
Bluforest Inc. reported a quarterly net loss of $275.1 million for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
Bluforest Inc. notified the SEC that its quarterly report would be filed late.
3 May 2012director interest notice● Neutral
Bluforest Inc. 10%+ owner Global Environmental Investments LTD sold 696,664 shares.
3 May 2012director interest notice● Neutral
Bluforest Inc. 10%+ owner Global Environmental Investments LTD sold 9,303,336 shares.
30 Apr 2012director interest notice● Neutral
Bluforest Inc. Secretary Amanda Gale Miller bought 500,000 shares on the open market at $0.01.
30 Apr 2012director interest notice● Neutral
Bluforest Inc. President James Donihee bought 1,000,000 shares on the open market at $0.01.
30 Apr 2012director interest notice● Neutral
Global Environmental Investments LTD became a Bluforest Inc. 10%+ owner and company insider (initial ownership filing).
30 Apr 2012director interest notice● Neutral
Bluforest Inc. Chief Executive Officer Charles Michael Miller bought 5,000,000 shares on the open market at $0.01.
11 Apr 2012material agreement termination● NeutralMajor
The Oceanview (ORE) deal for Hacienda Juval was rescinded because ORE did not deliver the documents needed to transfer the property. Instead, on March 30, 2012 the company agreed to buy the rights to the property, now about 105,000 hectares, from Global Environmental Investments Limited (GEIL, Belize) for 75,000,000 restricted shares described as a 75% control interest. The Mainland consulting deal ($1,000,000 a year, 1,000,000 options at $1.00) and the debt settlements (25,000,000 shares for about $60,000; about $152,000 to Jovanovic within 90 days) carry over. This replaces the February 2012 deal and would give GEIL control of the company.