16 Aug 2013quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $299 thousand for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Aug 2013late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.
20 May 2013quarterly activities report● Neutral
CannAwake Corp reported a quarterly net income of $883 thousand for the period ended 2013-06-30.
14 May 2013late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.
2 May 2013director interest notice● Neutral
Phillips W Smith became a CannAwake Corp Chairman and company insider (initial ownership filing).
29 Mar 2013late filing notice▼ Bad
CannAwake Corp notified the SEC that its annual report would be filed late.
21 Feb 2013auditor change▼ Bad
On February 20, 2013 the board accepted the resignation of Madsen & Associates and engaged MaloneBailey, LLP to audit fiscal 2012. Madsen's report on 2010 carried a going-concern warning, and no disagreements are reported. The company's address is now 15100 North 78th Place, Scottsdale, and Malcolm Sherman signs as Chief Executive Officer. This is the fifth auditor named since late 2009.
19 Nov 2012quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $22 thousand for the period ended 2012-09-30.
13 Nov 2012late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.
13 Aug 2012quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $22 thousand for the period ended 2012-09-30.
21 May 2012quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $103 thousand for the period ended 2012-06-30.
14 May 2012late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.
30 Mar 2012late filing notice▼ Bad
CannAwake Corp notified the SEC that its annual report would be filed late.
8 Mar 2012director interest notice● Neutral
CannAwake Corp CEO Daniel R Peralta received a stock option grant for 6,367,687 shares.
8 Mar 2012director interest notice● Neutral
CannAwake Corp EXECUTIVE VP Malcolm Willard Sherman received a stock option grant for 632,962 shares.
28 Dec 2011capital raising announcement▼ Bad
On December 15, 2011 the company issued seven-year warrants (expiring December 14, 2018) at $0.20 a share as pay for services: 6,367,687 to the CEO, 632,962 to the Executive Vice President, 100,000 to a field supervisor and 200,000 to a manager at the SAHF subsidiary, and 200,000 to an attorney. In total this is 7,500,649 shares of potential dilution if exercised.
16 Nov 2011auditor change● Neutral
Amendment No. 5 attaches a letter from RBSM LLP as Exhibit 16, so the SEC letter that was earlier missing or refused is now provided. The filing text itself repeats that there were no disagreements or reportable events. The filing does not state what the letter says about the company's statements.
14 Nov 2011quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $172 thousand for the period ended 2011-09-30.
10 Nov 2011auditor change▼ Bad
Amendment No. 4 to the May 2011 auditor-change filing changes the explanation from earlier Amendment No. 3: RBSM LLP has now 'refused' to issue the requested letter, rather than simply not having issued it. Nothing else changes.
7 Sept 2011quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $172 thousand for the period ended 2011-09-30.
31 Aug 2011financial restatement▼ BadMajor
The board concluded on August 30, 2011 that the 2009 financial statements should no longer be relied on. 2009 interest expense was understated by $97,741, cutting 2009 net earnings from $834,591 to $736,850 and equity from $543,179 to $445,438. The company also says it re-entered the development stage on January 1, 2009 and moved a $35,000 note conversion to financing cash flow. The 2007 and 2008 statements are stated as unaffected. This is a second restatement in the company's history.
22 Aug 2011quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $172 thousand for the period ended 2011-09-30.
16 Aug 2011drilling progress report▲ GoodMajor
On August 10, 2011 the Salta government declared the company's bid for the Valle de Lerma block in Argentina the winner. The bid was made through South American Hedge Fund with partner Grasta SA, and SAHF holds 51% of the license interest and is operator. It follows the April 29, 2011 approval of the proposal. The approved first term is 406 work units over 3 years. Two capped wells drilled in the early 1990s exist; one tested at 20 barrels a day. The company plans an environmental study then reentry and workover once government clearance is given (expected August 15, 2011). This resolves the tender flagged in May.
15 Aug 2011late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.
18 July 2011director interest notice● Neutral
Michael S Gilburd became a CannAwake Corp company insider (initial ownership filing).
27 May 2011auditor change● Neutral
Amendment No. 2 restates the May 2011 auditor change (RBSM LLP out, Madsen & Associates in) with no new facts and no mention of the RBSM letter. Same-day Amendment No. 3 explains the missing letter.
27 May 2011auditor change▼ Bad
Amendment No. 3 states that RBSM LLP has not issued the letter the company requested for the SEC, which is why the exhibit was removed. The auditor change itself is unchanged.
24 May 2011auditor change● Neutral
This amendment adds detail to the May 2011 auditor change: RBSM LLP had no disagreements with the company and produced no audited statements during its engagement. The company says it asked RBSM for the SEC letter confirming this.
23 May 2011quarterly activities report▼ Bad
CannAwake Corp reported a quarterly net loss of $102 thousand for the period ended 2011-06-30.
17 May 2011late filing notice▼ Bad
CannAwake Corp notified the SEC that its quarterly report would be filed late.