15 Dec 2014substantial holder notice● Neutral
John Bentivoglio, Michael Bentivoglio, Christina Cecchini, THE JOHN BENTIVOGLIO FAMILY TRUST disclosed a new substantial Event Cardio Group Inc. shareholding (34.80% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Dec 2014director interest notice● Neutral
Event Cardio Group Inc. insider Sgro Frank disposed of 2,853,155 shares via option/appreciation-right settlement.
26 Nov 2014asset acquisition disposition● Neutral
This amended version of the November 14 closing report repeats the completed ECG share exchange, now giving the former ECG holders about 92.8% of voting power (the original said 92.7%). It adds that ECG dismissed its auditor Paritz & Company, that M&K CPAS, which was the company's auditor before the deal, was engaged, and that the company will change its fiscal year to August 31, ECG's year-end. Both auditors' reports for the earlier years carried going-concern doubt.
17 Nov 2014director interest notice● Neutral
Frank Sgro became a Event Cardio Group Inc. company insider (initial ownership filing).
17 Nov 2014asset acquisition disposition● NeutralMajor
The share exchange announced in September closed on November 14, 2014: the company acquired all of 2340960 Ontario Inc. (ECG) for 79,500,000 new shares, which leaves ECG's three family-trust holders with about 92.7% of voting power (the September filing said about 93.6%). The company says it is no longer a shell company; the cardiac monitor is still being developed and due diligence on the BreastCare DTS license is still ongoing, with substantial funding still needed.
17 Nov 2014director interest notice● Neutral
Nick Bozza became a Event Cardio Group Inc. company insider (initial ownership filing).
17 Nov 2014director interest notice● Neutral
Event Cardio Group Inc. insider Sgro Frank disposed of 2,853,155 shares via option/appreciation-right settlement.
17 Nov 2014director interest notice● Neutral
Bentivoglio John became a Event Cardio Group Inc. Chief Executive Officer and company insider (initial ownership filing).
17 Nov 2014director interest notice● Neutral
Event Cardio Group Inc. Chief Executive Officer Bentivoglio John disposed of 4,279,732 shares via option/appreciation-right settlement.
17 Nov 2014director interest notice● Neutral
Event Cardio Group Inc. insider Bozza Nick disposed of 4,279,732 shares via option/appreciation-right settlement.
10 Nov 2014capital raising announcement● Neutral
On November 7, 2014 the company sold 700,000 shares to an accredited investor for $100,000. It also changed its name from Sunrise Holdings Limited to Event Cardio Group Inc., with the new ticker ECGI starting that day. The name change was approved by the majority voting holder on October 2, 2014, and it follows through on the plan announced in September.
27 Oct 2014capital raising announcement● NeutralMajor
The company's subsidiary, Efil Sub of ECG Inc., signed a license on October 17, 2014 with Life Medical Technologies for the BreastCare DTS breast-screening product, with exclusive distribution rights in the US, Canada and parts of Asia including China. The license carries 5% royalties and minimum annual royalties of $100,000 in 2015 and $200,000 per year after that. The company borrowed CAD $79,106 at 12% from an affiliate-owned lender, due December 1, 2015, and agreed to $501,000 of creditor releases, paid $125,000 in cash and $376,000 in shares. The filing says the company is still doing due diligence and will likely need to raise more money through equity, debt or convertibles to exploit the product. This adds a second product to the cardiac monitor plan.
9 Sept 2014material agreement● NeutralMajor
On September 8, 2014 the company, still called Sunrise Holdings, agreed to buy all of Event Cardio Group (ECG), a developer of a cardiac monitoring device, in exchange for 79,500,000 new shares. Those shares would give ECG's three family-trust shareholders about 93.6% of voting power, so existing shareholders would be heavily diluted. The filing says the company has had no operations since December 2008, and that control already changed on June 9, 2014 to John Bentivoglio as nominee for ECG. Closing depends on ECG's audited financials, expected within 30 days, and a name change is planned. This ends the shell period that followed the 2008 mining exit.
11 Aug 2014quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $3 thousand for the period ended 2014-06-30.
28 Apr 2014quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $122 thousand for the period ended 2014-05-31.
25 Apr 2014quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $122 thousand for the period ended 2014-05-31.
21 Jan 2014quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $6 thousand for the period ended 2014-02-28.
22 July 2013quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $2 thousand for the period ended 2013-06-30.
25 July 2011quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $2 thousand for the period ended 2011-06-30.
30 July 2010quarterly activities report▼ Bad
Event Cardio Group Inc. reported a quarterly net loss of $2 thousand for the period ended 2010-06-30.
6 Mar 2009asset acquisition disposition● Neutral
On March 2, 2009 the company sold its subsidiary eFuture International Limited to Xuguang Sun, described as an affiliated party, for $2,000 in cash. The filing says eFuture was a shell with no assets or liabilities at the time, so this clears out the subsidiary that had held the SJ Electronics note purchase in 2008.
31 Oct 2008asset acquisition disposition▼ BadMajor
Effective October 30, 2008 the board agreed with the three investors from the January 2008 placement to undo it, returning $2,933,128 and cancelling the 75,000,000 shares and warrants issued to them. The return includes cash of $750,000 each to Weiquan Tian and Xuding Jiao, and $900,000 cash plus the $500,000 SJ Electronics note and $33,128 of accrued interest to CEO Xuguang Sun. The filing cites changes in business planning and falling natural resource prices, and says the company's cash has been significantly reduced and impaired. This reverses the January 2008 raise.
12 June 2008asset acquisition disposition▼ BadMajor
The company (now named Sunrise Holdings Limited) abandoned its Khul Morit mining license in Mongolia after a western mining company it had been talking to decided not to proceed with a joint venture, and after it judged further drilling and testing costs undesirable. Separately, effective May 30, 2008, its subsidiary eFuture International bought a $500,000 15% convertible secured note due May 29, 2009 from SJ Electronics, Inc., convertible at $1.30 per share.
22 Feb 2008substantial holder notice● Neutral
Shaojun Sun disclosed a new substantial Event Cardio Group Inc. shareholding (97.39% of votes).
22 Feb 2008substantial holder notice● Neutral
Shaojun Sun disclosed a new substantial Event Cardio Group Inc. shareholding (97.29% of votes).
21 Feb 2008director interest notice● Neutral
Xuguang Sun became a Event Cardio Group Inc. Chairman, CEO and President and company insider (initial ownership filing).
21 Feb 2008substantial holder notice● Neutral
Xuguang Sun reported a Event Cardio Group Inc. shareholding of 237,977,799 shares (84.60% of votes) in a periodic institutional filing.
21 Feb 2008substantial holder notice● Neutral
Xuguang Sun reported a Event Cardio Group Inc. shareholding of 200,477,799 shares (97.20% of votes) in a periodic institutional filing.
21 Feb 2008director interest notice● Neutral
Event Cardio Group Inc. Chairman, CEO and President Xuguang Sun bought 200,000 shares on the open market at $0.10.
21 Feb 2008substantial holder notice● Neutral
Xuguang Sun disclosed a new substantial Event Cardio Group Inc. shareholding (97.30% of votes).