Past year: ▲ 0%(0.04c – 0.04c USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Apr 2018asset acquisition disposition▲ GoodMajor
Evolution Blockchain Group acquired Gamebitcoin - an ERC-20 gaming token and related blockchain gaming apps - from 10604496 Canada Corporation for 26,400,000 restricted shares, its second and largest crypto-asset purchase in two months.
19 Apr 2018bylaws amendment● Neutral
Evolution Blockchain Group increased its authorized common stock to 500,000,000 shares, giving it room to keep issuing stock for further blockchain-asset acquisitions.
4 Apr 2018asset acquisition disposition▲ GoodMajor
Newly renamed Evolution Blockchain Group made its first real acquisition under the crypto pivot, buying the Drivecoin project - a peer-to-peer blockchain platform for buying, selling and financing cars - from Stockbridge Inc. for 10,000,000 restricted shares.
19 Mar 2018quarterly activities report▼ Bad
Evolution Blockchain Group Inc. reported a quarterly net loss of $77 thousand for the period ended 2018-01-31.
16 Mar 2018quarterly activities report▼ Bad
Evolution Blockchain Group Inc. reported a quarterly net loss of $77 thousand for the period ended 2018-01-31.
27 Feb 2018bylaws amendment● NeutralMajor
With the Garmatex deal dead, new management pivoted the company toward crypto: the board approved a 100-for-1 reverse stock split (cutting shares outstanding from about 38.4 million to roughly 384,000) and a renaming from Garmatex Holdings Ltd. to Evolution Blockchain Group Inc.
2 Jan 2018quarterly activities report▼ Bad
Evolution Blockchain Group reported a quarterly net loss of $104 thousand for the period ended 2017-10-31.
15 Dec 2017late filing notice▼ Bad
Evolution Blockchain Group Inc. notified the SEC that its quarterly report would be filed late.
2 Nov 2017capital raising announcement● Neutral
Garmatex Holdings settled about CAD$26,945 of debt owed to former management by issuing 2,694,526 shares at roughly CAD$0.01 each.
6 Oct 2017business combination▼ BadMajor
The Garmatex Technologies merger - the company's central storyline since March 2016 - formally fell apart: the Arrangement Agreement was terminated, Devon Loosdrecht sold his 46% control stake for just $5,000 to James Bregani (holding it in trust for son Robert Bregani, already a creditor of the company) and resigned, and geologist Lawrence Stephenson took over as sole officer and director.
14 Sept 2017quarterly activities report▼ Bad
Evolution Blockchain Group Inc. reported a quarterly net loss of $83 thousand for the period ended 2017-07-31.
31 July 2017annual report▼ Bad
Garmatex Holdings' annual report for the year ended April 30, 2017 showed cumulative losses had jumped to just over $1.01 million since inception, and reiterated substantial doubt about its ability to continue as a going concern.
19 July 2017capital raising announcement● Neutral
Garmatex Holdings borrowed $100,000 from BGC Consultants Limited at 5% interest, convertible into shares at $0.20 each; the loan was assigned to Robert Bregani two months later.
23 June 2017capital raising announcement● Neutral
Garmatex Holdings hired investor-relations firm CorProminence (CORE IR) for up to $10,000/month plus 112,000 shares, and separately disclosed - for the first time in full - that Devon Loosdrecht had taken control of the company in March 2016 by buying 52.4% of its stock from founder Jose Montes for just $1,320.
15 June 2017auditor change● Neutral
Garmatex Holdings dismissed MaloneBailey LLP as auditor and hired Dale Matheson Carr-Hilton LaBonte LLC (DMCL), with no disagreements reported over prior filings.
24 Mar 2017substantial holder notice● Neutral
James Philip Bell disclosed a new substantial Evolution Blockchain Group Inc. shareholding (9.50% of votes).
16 Mar 2017asset acquisition disposition▲ GoodMajor
Rather than complete the full Garmatex merger, Garmatex Holdings instead licensed Garmatex Technologies' fabric-technology IP directly (patented T3, Bact-Out, CoolSkin and related brands) in exchange for cancelling about CAD$954,000 the company was owed by Garmatex under an earlier loan; the deal gave Garmatex Holdings its first real operating business and ended its shell-company status, while the merger's outside closing date was pushed to May 31, 2017.
15 Mar 2017quarterly activities report● Neutral
Evolution Blockchain Group Inc. reported a quarterly net income of $11 thousand for the period ended 2017-01-31.
3 Mar 2017director officer appointment● Neutral
Keith Gracey resigned as Garmatex Holdings' company secretary.
12 Dec 2016quarterly activities report▼ Bad
Evolution Blockchain Group Inc. reported a quarterly net loss of $37 thousand for the period ended 2016-10-31.
17 Oct 2016other material event● Neutral
Garmatex Holdings and Garmatex Technologies issued a joint update saying their reverse-merger arrangement (announced in March 2016) was still pending court and shareholder approval, with no new terms disclosed.
14 Sept 2016quarterly activities report▼ Bad
Evolution Blockchain Group Inc. reported a quarterly net loss of $30 thousand for the period ended 2016-07-31.
16 Aug 2016bylaws amendment● NeutralMajor
Ahead of the Garmatex merger, Oaxaca Resources renamed itself Garmatex Holdings Ltd. and executed a 12.5-for-1 forward stock split, taking shares outstanding from about 2.65 million to about 33.2 million; a new ticker (GRMX) was set to take effect in September 2016.
10 Aug 2016annual report▼ Bad
Oaxaca Resources' delayed annual report for the year ended April 30, 2016 showed cumulative losses of $109,628 since inception and reiterated substantial doubt about its ability to continue as a going concern, still awaiting the Garmatex merger to close.
3 Aug 2016director officer appointment● Neutral
Devon Loosdrecht stepped down as company secretary and was replaced by Keith Gracey, Garmatex Technologies' own Executive Chairman, ahead of the two companies' pending merger closing.
1 Aug 2016late filing notice▼ Bad
Evolution Blockchain Group Inc. notified the SEC that its annual report would be filed late.
26 July 2016bylaws amendment● Neutral
Oaxaca Resources' board lowered the shareholder-meeting quorum requirement from 50% to 10% of outstanding shares, ahead of the shareholder vote needed to approve the pending Garmatex merger.
26 May 2016capital raising announcement● Neutral
Oaxaca Resources refiled its private-placement disclosure to complete a paragraph inadvertently left unfinished in the original filing; the CAD$500,000 raise's terms were unchanged.
18 May 2016capital raising announcement▲ Good
Oaxaca Resources raised CAD$500,000 in a private placement, selling 100,000 units (one share plus a half-warrant each) at CAD$5.00 per unit, financing the pending Garmatex merger.
What it means for a shareholder
100,000 new shares at about C$5.00 to raise about C$500,000. That's 0.316% dilution: every existing holder's slice gets 0.316% smaller. If you held C$1,000 of shares (200 at the issue price), your slice goes from 0.000635% to 0.000633% of the company. To keep it you'd need 1 more shares - about C$5 at the issue price.
Create a free account to see this worked out for your own holding.
14 Apr 2016business combination▲ GoodMajor
Oaxaca Resources and Garmatex Technologies signed a definitive Arrangement Agreement to complete their reverse merger, under which Garmatex shareholders would receive about 25.7 million shares of the company (to be renamed Garmatex Technologies, Inc.) to develop and sell Garmatex's scientifically-engineered fabric technologies.
