1 Mar 2021securities registration● Neutral
Guskin Gold Corp. amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2021quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $75 thousand for the period ended 2020-12-31.
17 Feb 2021late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its quarterly report would be filed late.
12 Feb 2021securities registration● Neutral
Guskin Gold Corp. amended a filing by which it registered a securities offering with the SEC.
25 Jan 2021securities registration● Neutral
Guskin Gold Corp. registered a securities offering with the SEC.
29 Dec 2020late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its annual report would be filed late.
24 Sept 2020business combination● NeutralMajor
The Guskin Gold share exchange closed on September 22, 2020: the company issued 28,200,000 restricted shares for 100% of GGC, making GGC a wholly owned subsidiary, which resolves the pending deal from earlier in September. The filing says the company is no longer a shell company, and that holders of a majority of its shares approved changing the name from Inspired Builders to Guskin Gold Corporation and the ticker from ISRB to GUSK (or GGCO or GKIN if unavailable). Edward Somuah resigned as CEO but stays on the board, and Naana Asante was appointed CEO and a director. The filing text was truncated, so further business details are not captured here.
8 Sept 2020material agreement● NeutralMajor
On September 3, 2020 Inspired Builders signed a share exchange agreement to acquire all of Guskin Gold Corp. (GGC), which plans to look for gold properties and explore small-scale gold mining in Ghana, in return for 28,200,000 new restricted shares, about 96.54% of the company after closing. Closing was conditional on shareholder approval and an audit of GGC, targeted by September 30, 2020. The company's address is now in Ghana and Edward Somuah signs as CEO.
14 Aug 2020quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $1.7 million for the period ended 2020-06-30.
29 Apr 2020quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $12 thousand for the period ended 2020-03-31.
21 Jan 2020quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $33 thousand for the period ended 2019-12-31.
19 July 2019quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $12 thousand for the period ended 2019-06-30.
3 May 2019quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $13 thousand for the period ended 2019-03-31.
14 Feb 2019quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $22 thousand for the period ended 2018-12-31.
16 July 2018quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $15 thousand for the period ended 2018-06-30.
8 May 2018quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $2 thousand for the period ended 2018-03-31.
26 Jan 2018quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $113 thousand for the period ended 2017-12-31.
20 Dec 2017capital raising announcement▼ BadMajor
On December 18, 2017 the company issued 90,000,000 shares to JJL Capital Management, LLC, owned by Scott Silverman, the sole officer and director, for services he provided. It also raised authorized common shares from 50,000,000 to 250,000,000. Existing shareholders were diluted by the new shares. Scott Silverman now runs the company, with a Miami address; the filing does not mention the earlier real estate projects.
16 Aug 2017director interest notice● Neutral
Scott J Silverman became a Guskin Gold Corp. CEO, CFO, Pres, Sec. & Treas and company insider (initial ownership filing).
29 Dec 2015late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its annual report would be filed late.
27 Aug 2015quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $59 thousand for the period ended 2015-06-30.
4 Aug 2015quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $59 thousand for the period ended 2015-06-30.
18 Feb 2015late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its quarterly report would be filed late.
22 Aug 2014quarterly activities report▼ Bad
Guskin Gold Corp. reported a quarterly net loss of $70 thousand for the period ended 2014-06-30.
15 Aug 2014late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its quarterly report would be filed late.
15 May 2014late filing notice▼ Bad
Guskin Gold Corp. notified the SEC that its quarterly report would be filed late.
5 Mar 2014financial restatement▼ BadMajor
The board decided on January 8, 2014 that the quarter ended June 30, 2013 financials should be restated and should no longer be relied on. The Duval County land bought for $1,350,000 should be carried at its historical cost (below that price), with the excess treated as a return of capital, which lowers reported assets as of June 30, 2013 but does not change net loss or cash flows. The filing describes the seller as a related party, whereas the June 2013 filing said only 'a third party'. An amended 10-Q is expected.
14 Jan 2014auditor change● Neutral
This amendment to the January 8 auditor-change filing adds that Donahue's earlier audit reports dated January 2011 and January 2012 also contained going-concern doubt, and that none had an adverse opinion. The change of auditor from Donahue to Liggett, Vogt & Webb is unchanged.
8 Jan 2014auditor change▼ Bad
Auditor Donahue Associates LLC resigned on December 31, 2013, and the board appointed Liggett, Vogt & Webb, P.A. as the new auditor. Donahue's reports for the years it served reported no disagreements, but they all raised substantial doubt about the company's ability to continue as a going concern.
31 Dec 2013material agreement● NeutralMajor
On December 26, 2013 the company agreed to buy a 60% controlling interest in nine parcels totalling 9.705 acres in Lake County, Florida, and formed a joint venture with Direct Property Holdings LLC to build a 32,000 sq ft shopping center plus nine building pads. The company is responsible for arranging construction financing and managing development; the partner says it has contributed about $4.8 million of equity, and management believes the final value could be about $20.5 million, with no assurance it will be reached. This continues the real estate strategy begun in 2013; the REIT resolution is repeated.