Past year: ▲ 127%(1.15c – 12.39 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Mar 2013business combination▲ GoodMajor
Gold American (now relocated to Murray, Utah) acquired the U.P. and Burlington Gold Mine from Inception Resources, LLC for 16,000,000 shares, assumption of $950,000 in promissory notes, and a 3% royalty -- ending its shell-company status, installing new management (CEO Michael Ahlin among others), and setting up the eventual rename to Inception Mining Inc.
31 Dec 2012quarterly activities report▼ Bad
BLUSKY AI INC. reported a quarterly net loss of $16 thousand for the period ended 2013-01-31.
14 June 2012quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $18 thousand for the period ended 2012-04-30.
16 Mar 2012quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $18 thousand for the period ended 2012-04-30.
27 Feb 2012material agreement termination▼ BadMajor
Gold American terminated the Guadalupe option in Zacatecas, Mexico without exercising it -- the last of the three original exploration properties abandoned, leaving the company with no active mineral properties and setting up the 2013 shell reverse-merger that followed.
15 Dec 2011quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $34 thousand for the period ended 2012-01-31.
31 Oct 2011late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its annual report would be filed late.
17 June 2011quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $580 thousand for the period ended 2011-04-30.
14 June 2011late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
18 Mar 2011quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $580 thousand for the period ended 2011-04-30.
17 Mar 2011late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
22 Feb 2011capital raising announcement▼ BadMajor
A fourth ZUG draw -- 800,000 units at $0.25, just $200,000 gross -- at less than a quarter of the $1.10 price from ten months earlier, reflecting a badly deteriorated stock price.
What it means for a shareholder
800,000 new shares at US$0.250 to raise about US$200,000. That's 0.918% dilution: every existing holder's slice gets 0.918% smaller. If you held US$1,000 of shares (4,000 at the issue price), your slice goes from 0.00463% to 0.00459% of the company. To keep it you'd need 37 more shares - about US$9 at the issue price.
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29 Dec 2010material agreement termination▼ BadMajor
Gold American terminated the La Escondida option in Sonora, Mexico without exercising it -- the first of its three 2010 exploration properties to be abandoned.
20 Dec 2010quarterly activities report▼ Bad
BLUSKY AI INC. reported quarterly revenue of $0 and a net loss of $670 thousand for the period ended 2011-01-31.
14 Dec 2010late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
29 Oct 2010late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its annual report would be filed late.
1 Oct 2010capital raising announcement▼ Bad
A third ZUG draw -- 533,333 units at $0.75, $400,000 gross -- continuing the declining-price trend.
What it means for a shareholder
533,333 new shares at US$0.750 to raise about US$400,000. That's 0.614% dilution: every existing holder's slice gets 0.614% smaller. If you held US$1,000 of shares (1,333 at the issue price), your slice goes from 0.00154% to 0.00153% of the company. To keep it you'd need 8 more shares - about US$6 at the issue price.
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2 Sept 2010capital raising announcement▼ Bad
A second ZUG equity-line draw -- 375,000 units at $0.80, $300,000 gross -- at a lower unit price than July's draw, an early sign of softening in the stock.
What it means for a shareholder
375,000 new shares at US$0.800 to raise about US$300,000. That's 0.432% dilution: every existing holder's slice gets 0.432% smaller. If you held US$1,000 of shares (1,250 at the issue price), your slice goes from 0.00145% to 0.00144% of the company. To keep it you'd need 5 more shares - about US$4 at the issue price.
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10 Aug 2010material agreement▲ GoodMajor
Gold American optioned a 100% interest in gold mining concessions (La Escondida, ~178 hectares) in Sonora, Mexico for $765,000 in staged payments through December 2012, with a 1% royalty buyable out for $500,000 -- a third simultaneous exploration property alongside Guadalupe and Keeno Strike.
8 July 2010capital raising announcement▲ Good
Now renamed Gold American Mining Corp. (from Silver America), the company made its first draw on the ZUG equity line -- 277,727 units at $1.10 for $300,000 -- as it broadened its focus beyond silver.
What it means for a shareholder
277,727 new shares at US$1.10 to raise about US$300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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14 June 2010late filing notice▼ Bad
BLUSKY AI INC. notified the SEC that its quarterly report would be filed late.
10 May 2010capital raising announcement● NeutralMajor
Silver America signed a $7.5 million equity line with ZUG Financing Group S.A. (Nevis), letting the company draw up to $1 million at a time by selling units (a share plus half a warrant) priced at 90% of the recent volume-weighted average price, with warrants exercisable at 150% of that price -- a recurring dilutive financing facility the company would draw on repeatedly over the next year.
6 May 2010capital raising announcement▲ Good
Silver America raised $200,000 selling 333,333 shares at $0.60 to a non-US investor -- routine early-stage financing.
What it means for a shareholder
333,333 new shares at US$0.600 to raise about US$200,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Apr 2010capital raising announcement▲ GoodMajor
Silver America also optioned a 72% interest in 12 silver/gold mining claims (Keeno Strike) in Clark County, Nevada from four individual owners -- $272,000 cash, 2,000,000 shares, and $750,000 of exploration spending required by April 2012, with a further 3,000,000 shares issuable if drilling confirmed at least 10 million ounces of indicated silver or 500,000 ounces of gold.
28 Apr 2010capital raising announcement▲ GoodMajor
Silver America, Inc. entered an option to earn a 90% interest in two silver mining concessions (Guadalupe) in Zacatecas, Mexico from Yale Resources Ltd -- committing to $900,000 in payments, 1,000,000 shares, and $2,000,000 of exploration spending through 2013, with Yale retaining 10% plus a 2% royalty if the earn-in completed.
15 Sept 2008securities registration● Neutral
BLUSKY AI INC. filed the final prospectus for a registered offering.
22 Apr 2008securities registration● Neutral
BLUSKY AI INC. amended a filing by which it registered a securities offering with the SEC.
9 Apr 2008securities registration● Neutral
BLUSKY AI INC. amended a filing by which it registered a securities offering with the SEC.
26 Feb 2008securities registration● Neutral
BLUSKY AI INC. amended a filing by which it registered a securities offering with the SEC.
7 Jan 2008securities registration● Neutral
BLUSKY AI INC. amended a filing by which it registered a small-business securities offering with the SEC.
