Past year: ▲ 127%(1.15c – 12.39 USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Jan 2015capital raising announcement▼ Bad
A third toxic note, $54,000 face value from KBM Worldwide, Inc., convertible at a 49% discount to recent trading prices and carrying steep prepayment penalties (115%-140% of principal depending on timing).
22 Dec 2014quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $770 thousand for the period ended 2015-01-31.
19 Dec 2014director interest notice● Neutral
Brewer Brian T. became a BLUSKY AI INC. COO and company insider (initial ownership filing).
15 Dec 2014late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
29 Oct 2014late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its annual report would be filed late.
7 Oct 2014capital raising announcement▼ BadMajor
A second toxic convertible note, $115,000 face value from Typenex Co-Investment, LLC, with the same 60%-of-lowest-price discount conversion mechanic and a ratcheting warrant -- the pattern continuing.
10 July 2014director interest notice● Neutral
Ahlin Michael became a BLUSKY AI INC. CEO and company insider (initial ownership filing).
9 July 2014securities registration● Neutral
BLUSKY AI INC. amended a filing by which it filed notice of an exempt private placement.
7 July 2014director interest notice● Neutral
Whitney O Cluff became a BLUSKY AI INC. Chief Financial Officer and company insider (initial ownership filing).
7 July 2014director interest notice● Neutral
D'ambrosio Trent became a BLUSKY AI INC. director and company insider (initial ownership filing).
20 June 2014quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $612 thousand for the period ended 2014-04-30.
16 June 2014late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
17 Mar 2014quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $612 thousand for the period ended 2014-04-30.
13 Mar 2014securities registration● Neutral
BLUSKY AI INC. amended a filing by which it filed notice of an exempt private placement.
12 Mar 2014capital raising announcement▼ BadMajor
Inception Mining took on its first toxic convertible note -- $220,000 face value ($55,000 initial tranche) from Iconic Holdings, LLC, convertible at a steep discount (the lower of $0.45 or 60% of recent lowest trading prices) -- the start of a recurring pattern of death-spiral financing.
5 Feb 2014securities registration● Neutral
BLUSKY AI INC. filed notice of an exempt private placement.
16 Dec 2013quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $525 thousand for the period ended 2014-01-31.
26 Nov 2013securities registration● Neutral
BLUSKY AI INC. amended a filing by which it filed notice of an exempt private placement.
29 Oct 2013late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its annual report would be filed late.
6 Sept 2013material agreement▲ GoodMajor
Inception Mining agreed to acquire mineral rights (gold, silver and other minerals) on 16,183 acres in Humboldt and Elko Counties, Nevada from Crawford Cattle Company LLC for $14.8 million, payable in 13,000,000 shares at $1.12 each, contingent on Crawford completing its own acquisition of the land and a three-month due diligence period -- a speculative, largely paper-financed deal.
6 Sept 2013capital raising announcement● Neutral
Amends the August 8-K to state the whole summer 2013 raise rather than one tranche of it: $138,025 from accredited investors for 306,722 shares plus three-year warrants over another 153,361 shares at $0.90. Months after buying the U.P. and Burlington mine, the company was funding itself in $37,000 increments.
What it means for a shareholder
153,361 new shares at US$0.900 to raise about US$138,025. That's 0.753% dilution: every existing holder's slice gets 0.753% smaller. If you held US$1,000 of shares (1,111 at the issue price), your slice goes from 0.0055% to 0.00545% of the company. To keep it you'd need 8 more shares - about US$7 at the issue price.
Create a free account to see this worked out for your own holding.
6 Sept 2013securities registration● Neutral
BLUSKY AI INC. amended a filing by which it filed notice of an exempt private placement.
6 Aug 2013securities registration● Neutral
BLUSKY AI INC. filed notice of an exempt private placement.
5 Aug 2013capital raising announcement▲ Good
Inception Mining raised $101,025 selling 224,500 shares plus warrants to accredited investors -- routine small-scale financing.
What it means for a shareholder
224,500 new shares at about US$0.450 to raise about US$101,025. That's 1.1% dilution: every existing holder's slice gets 1.1% smaller. If you held US$1,000 of shares (2,222 at the issue price), your slice goes from 0.011% to 0.0109% of the company. To keep it you'd need 25 more shares - about US$11 at the issue price.
Create a free account to see this worked out for your own holding.
21 June 2013quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $179 thousand for the period ended 2013-04-30.
19 June 2013quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $179 thousand for the period ended 2013-04-30.
14 June 2013late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
7 June 2013auditor change● Neutral
Now Inception Mining Inc., the company dismissed Liggett, Vogt & Webb as auditor (whose prior reports carried going-concern language) and engaged Fiondella Milone & LaSarcina.
22 Mar 2013quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $179 thousand for the period ended 2013-04-30.
18 Mar 2013late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
