23 Apr 2002listing compliance notice▼ Bad
CannAwake Corp withdrew a registration statement, abandoning the offering it covered.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Nov 2001business combination● Neutral
Amendment No. 3 keeps the same deal (11,068,307 Delta shares for Enterprises' assets, then dissolution) and sets the special meeting for a still-blank date in December 2001. It adds that Enterprises may be treated as an 'underwriter' when it hands the Delta shares to its stockholders. Charles E. Bobbish now signs as Secretary. The registration is not yet declared effective and no vote has taken place.
19 Oct 2001business combination▼ Bad
Amendment No. 2 keeps the 11,068,307-share exchange and the planned dissolution of Enterprises. Its letter now says the March 30, 2000 trading halt was due to an SEC investigation that led to a court finding that the CEO and a former controlling person violated federal securities laws, which the earlier amendment did not say. The fee table no longer appears on the cover page. The deal is still pending.
17 Sept 2001business combination● Neutral
Amendment No. 1 raises the number of Delta shares registered from 11,215,144 to 17,197,506 (maximum value $18,917,257, fee $4,729). The meeting notice now says Enterprises would receive 11,068,307 Delta shares for its assets. A new letter from Enterprises' president John A. Solomon says trading in its stock was halted by the SEC on March 30, 2000, and urges support for moving its products to a new company. The deal is still unapproved.
28 June 2001business combination● NeutralMajor
Delta Mutual, Inc. filed a registration statement to issue up to 11,215,144 of its shares (including up to 200,000 for closing expenses) to buy all the assets of Enterprises Solutions, Inc. and assume certain liabilities. Enterprises' stockholders would vote on the asset sale and on dissolving Enterprises. The filing names Kenneth A. Martin as Delta's President and CEO; the earlier Kelcon/Martin 80.78% CannAwake holding notice involves the same name, so a link to CannAwake is likely (inference), but this text does not explain it.