Past year: ▲ 0%(67.40 – 67.40 USD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Apr 2016auditor change● Neutral
On April 20, 2016 Frontier's management and board agreed to engage GBH CPAs, PC as its auditor, to audit its financial statements for all outstanding periods for inclusion in its annual reports on Form 10-K. The filing gives no reason for the change and does not name a prior auditor. The company's address is now in Edmonton, Alberta. The phrase 'all of the outstanding periods' suggests, as an inference, that audited filings were behind.
16 Dec 2009capital raising announcement▼ BadMajor
Effective December 8, 2008 (reported in December 2009), Frontier converted four creditors' debts into 128,544,000 new shares at $0.00125 each: Sam Aiello (40,000,000), Dyron Watford (20,800,000), Phillip Russel (22,800,000) and Mark Genesi (44,944,000). The company says this cuts liabilities by $160,680 in its 2008 financial statements, but it dilutes existing shareholders. The creditors resold the shares to investors who, per management, have not paid them; management believes some investors sold the stock without handing over proceeds and intends to support the creditors' claims. Dyron Watford was earlier named as a consultant whose arrangement was cancelled in 2006; the filing shows Richard Shykora as President/CEO.
20 June 2006auditor change● Neutral
This amends the March 2006 auditor-change filing after an SEC comment letter. It now states that De Joya & Company resigned (rather than being replaced) as of March 7, 2006, because it was withdrawing from PCAOB registration and stopping public company audits. The lawyer's cover letter says De Joya Griffith & Company, LLC is a separate entity, not technically a successor, though some personnel carry over. The going-concern warning on the 2003 and 2004 audits and the absence of disagreements are unchanged. No new business or financial information.
11 Apr 2006asset acquisition disposition● NeutralMajor
On April 5, 2006 Frontier issued 50,000,000 new common shares to Sol-Terra Energy, Inc. (an Alberta company) in exchange for all of Sol-Terra's assets, a large dilution for existing holders. The company's auditor will review the assets' value, and if they are worth less than the shares, the excess shares will be cancelled. Sol-Terra's president and controlling shareholder, Fred DaSilva, was made a director and President (salary $48,000 a year) in the same filing, so this is a deal with an insider. The board also terminated the contracts of COO Jeffery Cocks and Chief Exploration Officer Kevin Tattersall as part of a re-evaluation of management and overhead, cancelled a Regulation S offering before taking any subscriptions or funds, and cancelled consulting arrangements with Dwain Brannon and Dyron Watford. The Sol-Terra asset details are in an exhibit to be filed later, so the text does not say what the assets are.
13 Mar 2006auditor change▼ Bad
On March 7, 2006 Frontier moved from De Joya & Company to De Joya Griffith & Company, LLC as auditor, because De Joya & Company told the company it was withdrawing from the PCAOB and would stop public company audits. De Joya's reports on 2003 and 2004 carried a going-concern warning, and the filing reports no disagreements.
11 Jan 2006auditor change● Neutral
Filed in January 2006, this reports that De Joya & Company was engaged as auditor on March 5, 2004 to audit the year ending December 31, 2003. It is a late filing of an earlier event, and the filing itself gives no reason for the delay.
27 Oct 2005asset acquisition disposition● NeutralMajor
Frontier signed a farm-in agreement with 1097885 Alberta Ltd. on the Nisku Reef Project in north central Alberta, under which it can earn a 90% working interest in the 100% interest held by the other party, subject to a 15% gross overriding royalty. The filing states no purchase price or share consideration in the text provided, and the 90% interest is something it can earn, not yet held. It adds a second Alberta oil and gas prospect after Bindloss, and repeats the same risk factors, including that the properties are exploration-stage with no known reserves.
17 Oct 2005asset acquisition disposition● NeutralMajor
Now named Frontier Energy Corp. (formerly GT Data Corp.), the company closed a farm-in agreement with Angels Exploration Fund, Inc. on the Bindloss Project in southeastern Alberta, giving it an 80% working interest in Angels' 100% interest, subject to a 10% gross overriding royalty. It will pay with up to 5,100,000 restricted common shares, which would dilute existing holders. The filing says the properties are exploration-stage with no known reserves, and the text provided cuts off partway through the risk factors.
24 Jan 2005asset acquisition disposition● NeutralMajor
On January 22, 2005 GTData acquired a 100% interest in a 20-claim copper, gold and platinum prospect in central British Columbia, next to Imperial Metals' Mount Polley mine. It was bought from Frontier Explorations Corp. for 9,858,434 common shares valued at $80,000, a share issue that dilutes existing holders. This is the company's first mineral property in the filings so far, a departure from its earlier technology businesses.
23 Mar 2004auditor change● Neutral
This amendment to the January 2004 report on Squar Milner's resignation adds statements that, from 2002 through January 12, 2004, the auditor had not raised internal-control problems, lost reliance on management, or flagged unresolved issues. The going-concern doubt and the lack of disagreements are repeated unchanged.
20 Jan 2004auditor change▼ Bad
Auditor Squar Milner resigned by letter dated January 12, 2004. Its report on the 2002 financials (dated February 20, 2003) raised substantial doubt about the company's ability to continue as a going concern, and the filing reports no disagreements.
24 Jan 2002auditor change● Neutral
Now named GTData Corporation, the company dismissed Corbin & Wertz on January 18, 2002 and engaged Squar, Milner, Reehl & Williamson, LLP. Corbin & Wertz never audited the company's statements and the filing reports no disagreements; the earlier going-concern opinions came from HJ & Associates.
7 Nov 2001auditor change● Neutral
This amends the July 2001 auditor-change report with a letter from the former auditor and a statement that there were no disagreements with HJ & Associates during the two prior fiscal years or later interim periods. The facts of the change (HJ & Associates dismissed, Corbin & Wertz engaged) are unchanged.
10 July 2001auditor change▼ Bad
On July 5, 2001 the company dismissed HJ & Associates as its auditor and engaged Corbin & Wertz, citing its recent merger transaction and change in business. HJ & Associates had issued going-concern opinions for the years ended February 29, 2000 and February 28, 2001, and the filing reports no disagreements.
24 May 2001business combination● NeutralMajor
Effective April 30, 2001, World Internetworks sold all of its Internet business assets to Steven K. Hansen and Wiworks, Inc., who also took on about $125,000 of payables, leaving the company focused on data storage. It also signed a non-binding letter of intent (May 3, 2001) to merge with Trace Affex, Inc., a private San Jose optical data storage firm, subject to due diligence and shareholder approval. It hired Canaccord Capital as fiscal agent to help with that merger and a private placement (no terms set, no firm commitment), and took a licensing option from Mountain Engineering II for the Starlite 3590 tape drive, with an exclusive license only if it meets the funding requirements.
13 Apr 2001auditor change● Neutral
The company, then named World Internetworks, Inc., engaged Corbin & Wertz on April 9, 2001 to audit its subsidiaries GTData Corporation and Technical Services & Logistics, Inc. (TSLi); the filing reports no disagreements with those subsidiaries' former accountants. It also reports that CEO Robert Genesi was appointed Chairman of the Board on April 11, 2001.
