Past year: ▼ 46%(9.00c – 45.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2026debt financing▼ BadMajor
Fuse Group raised $275,000 from three Chinese individual investors through convertible notes at 5% interest - a higher rate than its prior notes - convertible at just $0.07/share, a steep drop from the $0.33-$0.45 conversion prices used in 2022-2025 and a sign of continued share-price deterioration and heavier dilution per dollar raised.
27 Aug 2025auditor change▼ Bad
Fuse Group dismissed auditor KCCW Accountancy Corp after about a year; its report had again carried a going-concern qualification and the same recurring internal-control material weaknesses persisted - the company's sixth auditor change since 2017.
2 May 2025debt financing● Neutral
Fuse Group sold Chen Fei Li another $30,000 convertible note on the same terms, continuing the same small drip-feed financing pattern with a new individual lender.
10 Apr 2025debt financing▼ Bad
With Liu Marketing's financing fully converted, Fuse Group found a new small lender - Chinese individual investor Chen Fei Li, who bought a $40,000 convertible note at 3% interest. The conversion price of $0.33/share is well below the $0.45 Liu Marketing had converted at, reflecting a lower share price.
16 May 2024capital raising announcement▲ Good
Liu Marketing converted its one remaining outstanding note ($51,319 including interest) into 114,043 shares, fully winding down the Liu Marketing note-financing relationship into equity.
15 Dec 2023material agreement▲ GoodMajor
Fuse Group signed a one-year, $10,000-per-month consulting agreement with Beijing Jixiang Fengqi Tech Company Limited to provide North American market research, competitive analysis and business development advisory services - a genuine new revenue stream, unusual for a company that had mostly survived on financing rather than operations.
6 July 2023capital raising announcement▲ GoodMajor
Fuse Group sold Liu Marketing one more $50,000 note, then Liu Marketing elected to convert its entire accumulated position - twelve notes issued between February 2022 and May 2023, totaling $716,767 in principal and interest - into 1,592,816 shares at $0.45/share, wiping out roughly a year and a half of accumulated debt and making Liu Marketing a substantial shareholder.
30 May 2023debt financing● Neutral
Fuse Group sold Liu Marketing another $50,000 convertible note on the same terms.
13 Apr 2023debt financing● Neutral
Fuse Group sold Liu Marketing two more $50,000 convertible notes (February and April 2023), continuing the same pattern of small recurring financings.
3 Feb 2023debt financing● Neutral
Fuse Group sold Liu Marketing another $50,000 convertible note on the same terms.
14 Nov 2022debt financing● Neutral
Fuse Group sold Liu Marketing two more $50,000 convertible notes (October and November 2022), continuing the same drip-feed financing pattern.
24 Aug 2022debt financing● Neutral
Fuse Group sold Liu Marketing another $50,000 convertible note on the same 3%/$0.45-per-share terms.
7 Apr 2022auditor change▼ Bad
Fuse Group dismissed auditor Paris, Kreit & Chiu after about a year; the firm's report had again carried a going-concern qualification and the same recurring internal-control weaknesses were noted.
24 Mar 2022debt financing● Neutral
Fuse Group sold another $100,000 convertible note to Liu Marketing on the same terms, continuing the drip-feed financing relationship.
18 Feb 2022debt financing● Neutral
Fuse Group began a new financing relationship, selling a $100,000 convertible note (3% interest, convertible at $0.45/share) to Malaysia's Liu Marketing (M) Sdn. Bhd. - the first of what would become a long-running series of small notes from the same lender.
11 Jan 2022auditor change▼ Bad
Fuse Group dismissed auditor Prager Metis; its prior reports had again flagged going-concern doubt and the same internal-control material weaknesses persisted.
1 Oct 2021material agreement termination▼ BadMajor
The E-Mo Biotech acquisition collapsed - the parties terminated the deal without it ever closing. In the same filing, Fuse Group disclosed it would restate its March and June 2021 quarterly financials after its auditor found an accounting error in how it had booked the shares issued as a deposit for the (unrelated) Mexican mining acquisition.
17 Mar 2021capital raising announcement● NeutralMajor
Weeks after its Mexican mining deal, Fuse Group announced a second, much larger acquisition in a completely different field: 100,000,000 new shares to buy E-Mo Biotech Holding, a biology R&D company - a deal so large it would hand control of Fuse Group to E-Mo's largest owner (about 32% of the combined company), surpassing longtime majority shareholder Landbond.
16 Feb 2021capital raising announcement▲ GoodMajor
Fuse Group agreed to acquire Portafolio en Investigacion Ambiental, a Mexican company owning five mines, for 14,285,715 new shares - its first real move into operating mining assets after years as a shell/software company.
19 July 2019auditor change▼ Bad
Now renamed Fuse Group Holding Inc., the company dismissed auditor MJF & Associates; MJF's prior reports had flagged going-concern doubt and the company separately disclosed material weaknesses in its internal controls (no audit committee, inadequate IT controls) - the first of a recurring pattern for this company.
2 July 2018capital raising announcement● NeutralMajor
Fuse Enterprises eliminated the $6.87 million related-party promissory note owed to majority shareholder Landbond Home Limited by converting it into 19,628,050 new shares at $0.35/share - erasing the debt but further entrenching Landbond's control.
9 May 2018material agreement● NeutralMajor
Fuse Enterprises signed a $3.0 million contract with Hong Kong's Prime King Investment Limited to develop 'Mineral Mining Interactive Technology' software and data systems, paid half upfront and half on completion - an unusual pivot for what had been a small shell company.
20 Apr 2017auditor change● Neutral
Fuse Enterprises dismissed auditor KLJ & Associates and engaged MJF & Associates, APC as its new independent auditor, with no disagreements noted.
24 Mar 2017debt financing● NeutralMajor
Fuse Enterprises (as the company was then named) restructured a related-party loan: majority shareholder Landbond Home Limited (60.9% owner, Samoa) exchanged an existing convertible note for a new $6.87 million promissory note from subsidiary Fuse Trading Limited, at 3% interest, maturing in 12-24 months.
