16 June 2015late filing notice▼ Bad
HIMALAYA TECHNOLOGIES, INC notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 May 2015material agreement▼ Bad
On May 15, 2015, in exchange for $5,000, the company pushed the closing of its Telesecurity Sciences (TSS) letter agreement from May 15 to July 15, 2015, and all other closing and payment dates were deferred 60 days. This continues the TSS deal, which was originally due to close February 15, 2015, so the deal has been delayed.
14 Apr 2015director interest notice● Neutral
HIMALAYA TECHNOLOGIES, INC Chief Financial Officer Paul D Maniscalco received a stock option grant for 500,000 shares.
13 Apr 2015director interest notice● Neutral
HIMALAYA TECHNOLOGIES, INC President Thomas Fw Campbell received a stock option grant for 1,050,000 shares.
13 Apr 2015director interest notice● Neutral
HIMALAYA TECHNOLOGIES, INC Treasurer and Secretary James David M St received a stock option grant for 1,050,000 shares.
2 Apr 2015capital raising announcement● Neutral
On March 27, 2015 the company sold 1,500,000 units at $0.12 each to non-U.S. investors for $180,000. Each unit is one share plus a warrant to buy another share at $0.25 until March 27, 2016; an $18,000 finder's fee was paid. This is equity funding, unlike the earlier convertible notes, but it adds shares and warrants.
23 Mar 2015quarterly activities report▼ Bad
HIMALAYA TECHNOLOGIES, INC reported a quarterly net loss of $452 thousand for the period ended 2015-04-30.
18 Mar 2015late filing notice▼ Bad
HIMALAYA TECHNOLOGIES, INC notified the SEC that its quarterly report would be filed late.
2 Feb 2015securities registration● Neutral
HIMALAYA TECHNOLOGIES, INC filed notice of an exempt private placement.
29 Jan 2015capital raising announcement▼ Bad
On January 23, 2015 the company sold Typenex Co-Investment a $70,000 10% convertible note (net $60,000 after a $6,000 discount and $4,000 legal costs) plus a warrant for 175,000 shares at $0.20 through January 31, 2020. Repayment is five $14,000 installments from July 22, 2015, and the company may pay them in shares at 61% of the average of the three lowest recent bids. This is another convertible loan after the KBM and LG Capital notes, and it can dilute shareholders.
20 Jan 2015material agreement● NeutralMajor
On January 15, 2015 the company signed a letter agreement with Telesecurity Sciences, Inc. (TSS) to buy $7,500,000 of TSS stock, plus a warrant for another $7,500,000, reaching 50% ownership; closing is scheduled for February 15, 2015, with $1,000,000 cash at closing and the rest in monthly payments through December 2016. The parties intend a later business combination leaving the company's shareholders with 50% of the combined entity. The filing states completion depends on the company obtaining financing, with no assurance it will be available. This is a new direction in imaging technology, away from oil and gas.
14 Jan 2015securities registration● Neutral
HIMALAYA TECHNOLOGIES, INC filed notice of an exempt private placement.
14 Jan 2015securities registration● Neutral
HIMALAYA TECHNOLOGIES, INC filed notice of an exempt private placement.
6 Jan 2015debt financing▼ Bad
On December 30, 2014 the company borrowed $25,000 from LG Capital Funding via an 8% convertible note due December 23, 2015, with interest payable in stock. After 180 days it converts at 61% of the average of the lowest five recent bids (9.9% cap); default interest is 24%. This is another small, dilutive convertible loan following the KBM notes.
5 Jan 2015debt financing▼ Bad
On December 31, 2014 the company borrowed another $33,000 from KBM Worldwide through an 8% convertible note due October 1, 2015, on the same terms as the September 2014 note (conversion at 61% of recent low bids after 180 days, 4.99% cap, 22% default interest). This adds to the pattern of dilutive convertible borrowing; the company's address is now Las Vegas.
22 Dec 2014quarterly activities report▼ Bad
HIMALAYA TECHNOLOGIES, INC reported a quarterly net loss of $377 thousand for the period ended 2015-01-31.
22 Dec 2014quarterly activities report▼ Bad
HIMALAYA TECHNOLOGIES, INC reported a quarterly net loss of $377 thousand for the period ended 2015-01-31.
16 Dec 2014late filing notice▼ Bad
HIMALAYA TECHNOLOGIES, INC notified the SEC that its quarterly report would be filed late.
20 Nov 2014financial restatement▼ BadMajor
The company said on November 17-18, 2014 that its 10-Q for the quarter ended January 31, 2014 should no longer be relied on. The gain on the sale of working interests in oil and gas properties to an unrelated third party was overstated: $147,978 reported versus a corrected $73,871. Six-month net income of $28,778 becomes a net loss of $(39,749); an amended 10-Q is expected. This is a negative correction to the earlier property-sale accounting.
29 Oct 2014late filing notice▼ Bad
HIMALAYA TECHNOLOGIES, INC notified the SEC that its annual report would be filed late.
19 Sept 2014securities registration● Neutral
HIMALAYA TECHNOLOGIES, INC filed notice of an exempt private placement.
18 Sept 2014material agreement● Neutral
The company signed a one-month investor relations agreement, effective September 16, 2014, with 1830012 Ontario Ltd. (Circadian Group), paying $6,500 plus possible discretionary extra pay.
17 Sept 2014director interest notice● Neutral
Paul D Maniscalco became a HIMALAYA TECHNOLOGIES, INC Chief Financial Officer and company insider (initial ownership filing).
16 Sept 2014debt financing▼ BadMajor
On September 12, 2014 the company borrowed $88,500 from KBM Worldwide via an 8% convertible note due June 12, 2015. From 180 days after issue KBM can convert into shares at 61% of the average of the lowest five recent closing bids (capped at 4.9% ownership), so conversions could dilute shareholders; default interest is 22%. The company's board also approved cutting authorised shares from 500,000,000 to 100,000,000 and a 1-for-5 reverse split, expected effective around September 30, 2014.
10 Sept 2014securities registration● Neutral
HIMALAYA TECHNOLOGIES, INC filed notice of an exempt private placement.
29 Aug 2014director interest notice● Neutral
Thomas Fw Campbell became a HIMALAYA TECHNOLOGIES, INC 10%+ owner and company insider (initial ownership filing).
28 Aug 2014capital raising announcement● NeutralMajor
On August 15, 2014 the company issued 100,309,142 common shares to settle $1,063,276.90 of debts, which the filing says was 100% acceptance of the creditor offer disclosed in its July 31, 2014 8-K. 8,000,000 shares went to one accredited investor and 92,309,142 to 18 non-US creditors. This cuts debt but significantly dilutes existing shareholders.
11 Aug 2014director interest notice● Neutral
James David M St became a HIMALAYA TECHNOLOGIES, INC director and company insider (initial ownership filing).
16 June 2014quarterly activities report▼ Bad
HIMALAYA TECHNOLOGIES, INC reported a quarterly net loss of $752 thousand for the period ended 2014-04-30.
14 Mar 2014quarterly activities report▼ Bad
HIMALAYA TECHNOLOGIES, INC reported a quarterly net loss of $752 thousand for the period ended 2014-04-30.