Past year: ▼ 100%(0.01c – 16.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Jan 2019auditor change● Neutral
The company, now HK eBus Corporation, received Dave Banerjee CPA's resignation as auditor on December 4, 2018 (effective December 14) and engaged DylanFloyd Accounting & Consulting on December 12, 2018. Banerjee's reports for fiscal 2018 and 2017 had no adverse opinion or disagreements, and the filing was made in January 2019.
11 June 2015auditor change● Neutral
The company dismissed Anton & Chia, LLP on June 5, 2015 and engaged Dave Banerjee CPA as auditor. Anton's reports had no adverse opinion and no disagreements were reported. The engagement exhibit names 'Angstron Holdings Corporation', which differs from the company name (an inconsistency in the filing).
19 Feb 2014auditor change▼ Bad
KLJ & Associates resigned as auditor on February 13, 2014, only about six months after being engaged, and the company hired Anton & Chia, LLP. KLJ's report on fiscal 2013 included a going-concern paragraph citing lack of revenues and history of losses, and no disagreements were reported.
15 Aug 2013auditor change● Neutral
Now named Rambo Medical Group, Inc., the company dismissed Sam Kan & Company and engaged KLJ & Associate, LLP as auditor on August 13, 2013. Sam Kan's reports for fiscal 2012 and 2011 were qualified only for going-concern doubt, with no disagreements.
4 May 2012capital raising announcement▼ BadMajor
The board approved paying Dianwen Ju (President/CEO), Xiao Chen (CFO) and Jimmy Wang (Treasurer) $100,000 each for the year from April 25, 2011 to April 24, 2012, when they had served unpaid, by issuing 5,000,000 restricted shares each at $0.02 per share. That is 15,000,000 new shares to the three officers, which dilutes other holders.
11 July 2011auditor change● Neutral
The company, now named Viper Resources, Inc. and based in Pasadena, California, replaced its auditor Ronald R. Chadwick, P.C. with Sam Kan & Company on July 6, 2011. Chadwick's reports for fiscal 2010 and 2009 carried a going-concern qualification, with no disagreements reported.
11 Apr 2011listing compliance notice▼ Bad
HK EBUS Corp withdrew a registration statement, abandoning the offering it covered.
1 June 2010listing compliance notice▼ Bad
HK EBUS Corp withdrew a registration statement, abandoning the offering it covered.
4 Sept 2009material agreement● Neutral
The company settled $125,262.45 owed to former officer and director Douglas Berry (loans of $110,625 plus $14,637.45 interest) by issuing 153,508 restricted shares valued at $0.816 each, a 20% discount to the closing price. This removes the debt but adds shares.
17 Aug 2009material agreement● Neutral
The company bought a 62.5% working interest in another 640-acre lease in Uintah County, Utah (Lease UTU-27413) from Enercor for 300,000 shares; the remainder is owned by Questar Corporation. It is next to the earlier Enercor properties and is a further step in the Utah build-up.
11 Aug 2009capital raising announcement● NeutralMajor
The company bought a 37.5% working interest in a 640-acre lease in Uintah County, Utah from Enercor for 300,000 shares, next to the July 2009 tar sand rights. It also issued 4,147,237 shares to Enercor on July 31, 2009 as the stock payment under the July 25 agreement, which dilutes existing holders.
30 July 2009material agreement● NeutralMajor
The company agreed to buy from Enercor, Inc. a 35%-40% interest in contract rights to tar sand extraction on about 33,632 acres in Southern Uintah County, Utah, for up to $5,000,000: $4,000,000 in restricted shares plus $500,000-$1,000,000 in cash. The leases have not yet been issued by the Bureau of Land Management and the filing says there is no assurance they will be, or when extraction could start.
14 July 2009material agreement● NeutralMajor
The company signed a Share Issuance Agreement with Baden Energy Group Ltd. under which Baden may, at the company's request, buy units (one share plus a three-year warrant) at 80% of the recent average share price, in $100,000 multiples, up to $6,000,000 (possibly $10,000,000) through July 6, 2010. Baden can refuse requests, and during the term the company may only do equity (not debt) financing and Baden has a right of first refusal on other financings.
4 Dec 2008material agreement● Neutral
The company decided not to pursue the North Semitropic Prospect and assigned its 25% farmout interest back to West Canyon Energy Corp. on November 28, 2008 for $134,438, which the filing says approximates its cost. This reverses the June 2008 purchase.
2 July 2008material agreement● NeutralMajor
The company bought a 25% interest in a farmout on the North Semitropic Prospect in Kern County, California from West Canyon Energy Corp. for $34,000, plus $100,437.50 paid to Transco Oil & Gas on about June 12, 2008, and it must pay its share of drilling and testing costs. It also reported that it signed the formal agreement with Coastal on June 10, 2008, following the May option deal.
6 June 2008material agreement● NeutralMajor
The company signed a one-year employment agreement with President Massimiliano Pozzoni at $120,000 a year, with three months' salary payable if he is terminated without cause or leaves for good reason. It also disclosed that Pozzoni returned 4,000,000 of his 5,000,000 shares for cancellation, and that a 35-for-1 forward stock split took shares outstanding from 2,004,000 to 70,140,000 in May 2008.
27 May 2008capital raising announcement● NeutralMajor
The company, filing as Cobra Oil & Gas Company (the name used in these filings; the filer is the same company, HK EBUS Corp, under an earlier name), paid Coastal Petroleum Company $180,000 on May 23, 2008 for a two-year option to buy a 50% interest in Valley Creek, Montana leases (about 82,800 net acres) for $1,000,000. It also sold 1,000,000 units at $0.25 each ($250,000) to one subscriber, each unit being one share plus a three-year warrant at $0.40.
What it means for a shareholder
1.0m new shares at $0.250 to raise about $250,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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