21 Feb 2008director interest notice● Neutral
Event Cardio Group Inc. Chairman, CEO and President Xuguang Sun bought 75,000,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Jan 2008substantial holder notice● Neutral
Xuding Jiao disclosed a new substantial Event Cardio Group Inc. shareholding (23.10% of votes).
16 Jan 2008substantial holder notice● Neutral
Weiquan Tian disclosed a new substantial Event Cardio Group Inc. shareholding (23.10% of votes).
4 Jan 2008capital raising announcement▲ GoodMajor
On January 3, 2008 the company closed a private placement of 75,000,000 units at $0.04 each for $3,000,000. Each unit was one share plus a warrant to buy another share at $0.10 for three years. CEO Xuguang Sun put in $1,500,000 of the total and two other non-affiliated investors the other $1,500,000, so a large number of new shares and warrants were created.
What it means for a shareholder
75.0m new shares at US$0.040 to raise about US$3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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10 Dec 2007auditor change● Neutral
The company's auditor, Murrell, Hall, McIntosh & Co., resigned on December 6, 2007, and the board hired Mcelravy, Kinchen & Associates on December 10, 2007 to audit the year ended September 30, 2007. The filing says the old auditor's reports had no adverse opinion and there were no disagreements.
25 Oct 2007capital raising announcement● Neutral
Sunrise Mining Corporation (the company that later became Event Cardio Group) sold a $200,000 convertible note to its own CEO and President, Xuguang Sun, on October 22, 2007. It pays 8% interest, is payable on demand, and can be converted into shares at $0.10 each, so it could dilute other shareholders if converted.