26 Aug 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,139,535 more shares converting part of its October 2013 Asher Enterprises note.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Aug 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company $4,000, convertible at $0.015 per share.
21 July 2014capital raising announcement▼ Bad
Del Toro Silver hired investor-marketing consultant Daniel T. Cook, paying him 1,000,000 restricted shares plus a 6% finder's fee on any capital he helped raise - more stock-based spending on promotion rather than operations.
27 June 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $1,500, convertible at $0.02 per share, as the stock kept sliding.
23 June 2014quarterly activities report▼ Bad
DEL TORO SILVER CORP. reported a quarterly net loss of $112 thousand for the period ended 2014-04-30.
17 June 2014late filing notice▼ Bad
DEL TORO SILVER CORP. notified the SEC that its quarterly report would be filed late.
21 May 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver $17,500, convertible at just $0.025 per share - a fraction of the $0.10 rate used on loans through 2013, reflecting how far the stock had fallen.
5 May 2014capital raising announcement▼ Bad
Del Toro Silver issued 1,085,333 more shares converting part of its October 2013 Asher Enterprises note.
22 Apr 2014capital raising announcement▼ Bad
CFO Patrick Fagen loaned the company just $5,000 more, convertible at $0.10 per share.
27 Mar 2014capital raising announcement▼ Bad
CEO Greg Painter loaned the company just $3,000 more, convertible at $0.10 per share - a notably small amount suggesting the company was scraping for even minimal cash.
18 Mar 2014late filing notice▼ Bad
DEL TORO SILVER CORP. notified the SEC that its quarterly report would be filed late.
18 Mar 2014quarterly activities report▼ Bad
DEL TORO SILVER CORP. reported a quarterly net loss of $137 thousand for the period ended 2014-01-31.
6 Mar 2014capital raising announcement▼ Bad
CEO Greg Painter loaned Del Toro Silver another $10,000, convertible at $0.10 per share.
30 Jan 2014late filing notice▼ Bad
DEL TORO SILVER CORP. notified the SEC that its annual report would be filed late.
31 Dec 2013capital raising announcement▼ BadMajor
Del Toro Silver took on a fifth Asher Enterprises toxic note, $31,500 on the same 8%/death-spiral terms as the prior four.
10 Dec 2013material agreement▼ BadMajor
Del Toro Silver extended the Bowerman Holdings (California) claims deal again, agreeing to three more 90-day extension options - the deal still hadn't closed more than two years after it was signed.
31 Oct 2013capital raising announcement▼ BadMajor
Del Toro Silver took on a fourth Asher Enterprises toxic note, $51,500 at 8% interest with the same death-spiral conversion formula (50% of the lowest three-day average price).
23 Sept 2013capital raising announcement▼ Bad
Del Toro Silver borrowed $50,000 from a new lender, Shawn Pennington, convertible at just $0.05 per share - half the $0.10 rate used on its officer loans, reflecting the stock's continued slide.
23 Sept 2013quarterly activities report▼ Bad
DEL TORO SILVER CORP. reported a quarterly net loss of $128 thousand for the period ended 2013-07-31.
17 Sept 2013late filing notice▼ Bad
DEL TORO SILVER CORP. notified the SEC that its quarterly report would be filed late.
16 Sept 2013material agreement termination▼ BadMajor
Del Toro Silver gave up its founding project entirely, terminating its option on the Dos Naciones silver property in Sonora, Mexico and transferring its 50% interest back to Alta Vista Ventures (formerly Yale Resources) - leaving the company named after silver with no silver project at all.
30 Aug 2013capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver another $60,000, convertible at $0.10 per share.
26 July 2013capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver $60,000, convertible at $0.10 per share - his largest single loan yet.
19 June 2013capital raising announcement▼ Bad
CFO Patrick Fagen loaned Del Toro Silver another $35,000, convertible at $0.10 per share.
14 June 2013quarterly activities report▼ Bad
DEL TORO SILVER CORP. reported a quarterly net loss of $127 thousand for the period ended 2013-04-30.
12 June 2013material agreement termination▼ BadMajor
Del Toro Silver terminated its Natchez Pass, Nevada option entirely, walking away from the deal it had signed and repeatedly extended since August 2012 in exchange for only a 5% net smelter royalty on the claims - the second of its three 2011-2012 mineral deals to fail.
12 June 2013capital raising announcement▼ Bad
Del Toro Silver borrowed $40,000 from Arnold Fagen, convertible at $0.10 per share - unlike the company's other insider loans, Arnold Fagen is not identified as a director or officer.
31 May 2013material agreement▼ BadMajor
Del Toro Silver extended the Bowerman Holdings (California) claims closing deadline for a fifth time, to November 2013 - a year and a half past the original February 2012 schedule.
24 May 2013capital raising announcement▼ Bad
Del Toro Silver issued 865,979 more shares converting the same Asher note - the third conversion tranche, together already exceeding 2.3 million new shares from a single $51,500 note.
14 May 2013capital raising announcement▼ Bad
Del Toro Silver issued 870,690 more shares converting the October 2012 Asher note, continuing the dilution.