20 May 2014quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $31 thousand for the period ended 2014-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 May 2014late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.
31 Mar 2014late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its annual report would be filed late.
19 Nov 2013quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $42 thousand for the period ended 2013-09-30.
14 Nov 2013late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.
4 Oct 2013director interest notice● Neutral
FinTrade Sherpa, Inc. President/CEO/CFO/Secretary Robert M Baker sold 2,002,500 shares.
2 Oct 2013capital raising announcement● Neutral
The company ended its letter of intent with SignalChem Lifesciences Corporation (announced July 18, 2012). It also closed a second private placement tranche of 1,407,500 shares at $0.20 for $259,750, bringing the total to 1,705,000 shares and $319,250. The filing does not mention the earlier Cormack deal.
What it means for a shareholder
1.4m new shares at $0.200 to raise about $259,750. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held $1,000 of shares (5,000 at the issue price), your slice goes from 0.0505% to 0.0442% of the company. To keep it you'd need 711 more shares - about $142 at the issue price.
Create a free account to see this worked out for your own holding.
13 Aug 2013quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $52 thousand for the period ended 2013-06-30.
15 May 2013quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $43 thousand for the period ended 2013-03-31.
1 Apr 2013late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its annual report would be filed late.
13 Nov 2012quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $56 thousand for the period ended 2012-09-30.
27 Aug 2012quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $69 thousand for the period ended 2012-06-30.
20 Aug 2012quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $69 thousand for the period ended 2012-06-30.
14 Aug 2012late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.
21 May 2012quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $55 thousand for the period ended 2012-03-31.
15 May 2012late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.
29 Mar 2012late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its annual report would be filed late.
21 Feb 2012material agreement● Neutral
The company signed a 48-month consulting agreement, effective January 1, 2012, with Woodburn Holdings (owned by controlling shareholder Robert Baker). Woodburn supplies Baker as CEO, COO, CFO and Secretary for US$90,000 a year ($7,500 a month) plus expenses.
14 Nov 2011quarterly activities report● Neutral
FinTrade Sherpa, Inc. reported a quarterly net income of $5 thousand for the period ended 2011-09-30.
3 Oct 2011quarterly activities report● Neutral
FinTrade Sherpa, Inc. reported a quarterly net income of $5 thousand for the period ended 2011-09-30.
3 Oct 2011quarterly activities report● Neutral
FinTrade Sherpa, Inc. reported a quarterly net income of $5 thousand for the period ended 2011-09-30.
30 Sept 2011material agreement● NeutralMajor
Robert M. Baker, a director since inception, took over 2,500,000 shares from West Peak Ventures of Canada for $25 through his company Woodburn Holdings. He now beneficially owns 5,000,000 of 6,250,000 outstanding shares (80%), giving him control. Note the outstanding count of 6,250,000 is much lower than the 25,000,000 shares the Cormack deal would issue (inference: share structure changed or the Cormack deal is no longer the plan; the filing does not say).
29 Sept 2011director interest notice● Neutral
FinTrade Sherpa, Inc. President/CEO/CFO/Secretary Robert M Baker bought 2,500,000 shares on the open market at $25.00.
22 Aug 2011quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $40 thousand for the period ended 2011-06-30.
16 Aug 2011late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.
25 July 2011material agreement● NeutralMajor
The non-binding Cormack letter of intent became a definitive purchase agreement: 25,000,000 shares to the Cormack holders plus $150,000 cash to its Mexican subsidiary ($75,000 already advanced, $75,000 due by closing). If the deal does not close, the cash is treated as a secured demand loan at 5% a year; closing still depends on due diligence, approvals, two board nominees and an interim financing.
28 June 2011capital raising announcement● Neutral
The company borrowed US$75,000 from an offshore lender for 45 days at 10% per year, and agreed to issue the lender 250,000 shares plus register their resale. The money is meant for acquisitions and working capital; this matches the $75,000 deposit called for in the Cormack letter of intent (inference: it funds that deposit).
16 June 2011material agreement● NeutralMajor
The company (filing under the name International Gold Corp.) signed a non-binding letter of intent to buy Cormack Capital Group LLC, whose Mexican subsidiary holds mining concessions (the Huizopa Properties, about 15,980 hectares) in Chihuahua. The price is 25,000,000 new shares plus $150,000 cash to the subsidiary, $75,000 of it as a deposit that becomes a secured demand loan if the deal does not close; closing depends on due diligence, approvals, two board nominees and an interim financing, and the filing says there is no assurance it will complete.
20 May 2011quarterly activities report▼ Bad
FinTrade Sherpa, Inc. reported a quarterly net loss of $14 thousand for the period ended 2011-03-31.
16 May 2011late filing notice▼ Bad
FinTrade Sherpa, Inc. notified the SEC that its quarterly report would be filed late.