Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Apr 2009annual report● Neutral
FY2008 10-K: net loss widened to $50,939 (from $35,650 restated FY2007); the board approved a 10-for-1 forward split (authorized shares to 750 million) paid as a stock dividend Dec 12, 2008; the EPS merger was still described as pending, not yet closed.
31 Mar 2009late filing notice▼ Bad
Kabe Exploration Inc. notified the SEC that its annual report would be filed late.
14 Nov 2008late filing notice▼ Bad
Kabe Exploration Inc. notified the SEC that its quarterly report would be filed late.
20 Oct 2008business combination● NeutralMajor
Signed an Agreement and Plan of Merger with Erik Ulsteen's own company, Emission & Power Solutions, Inc. (EPS) and merger subsidiary EPS Acquisition, Inc.: EPS shareholders would receive 1 Kabe share for every 5 EPS shares, closing conditioned on EPS shareholder approval - a reverse merger using the Kabe shell Ulsteen had taken over eight months earlier.
30 Apr 2008substantial holder notice● Neutral
Erik Ulsteen, Chapman Industries LLC reported a Kabe Exploration Inc. shareholding of 1,750,000 shares (47.50% of votes) in a periodic institutional filing.
29 Apr 2008director interest notice● Neutral
Kabe Exploration Inc. President and CFO Erik Ulsteen bought 250,000 shares on the open market at $0.04.
22 Apr 2008capital raising announcement● Neutral
Sold 300,000 restricted shares to accredited investors under Reg D for $12,000 ($0.04/share).
28 Mar 2008annual report▼ Bad
FY2007 10-KSB: reported a $37,753 net loss (deficit $37,979 since 2006 inception) on 3,387,500 shares outstanding, a going-concern qualification, and confirmed it had terminated its Storey County, Nevada mining lease on Jan 28, 2008 - abandoning the original mining plan in favor of exploring a merger, though no binding agreement existed yet.
25 Mar 2008director officer appointment● Neutral
Claydon and Moss resigned as directors and Stale Werner Nielsen and Bjorn Rene Singdahlsen were appointed to the board, completing the board reconstitution flagged in the March 7 Rule 14f-1 notice.
7 Mar 2008director officer appointment● Neutral
Filed the required Rule 14f-1 notice for the board reconstitution triggered by Ulsteen's takeover: Claydon and Moss to resign and Norwegian nominees Stale Werner Nielsen and Bjorn Rene Singdahlsen to join the board about 10 days later.
25 Feb 2008director interest notice● Neutral
Erik Ulsteen became a Kabe Exploration Inc. President and CFO and company insider (initial ownership filing).
25 Feb 2008substantial holder notice● Neutral
Erik Ulsteen disclosed a new substantial Kabe Exploration Inc. shareholding (51.70% of votes).
21 Feb 2008director officer appointment● NeutralMajor
Erik Ulsteen bought 1,750,000 shares (51.7% of the company) from Antony Claydon and Rory Moss for $50,000 cash, taking control; Claydon resigned as President/CFO/Secretary and Ulsteen took those roles. Ulsteen had been CEO and Chairman of Emission & Power Solutions, Inc. (formerly Fuel FX International, Inc.) since 2004.
19 Feb 2008director interest notice● Neutral
Kabe Exploration Inc. President Antony Claydon sold 1,500,000 shares at $0.02.
26 Apr 2007securities registry admin● Neutral
Registered its common stock under Exchange Act Section 12(g); officers of record were Antony Claydon (President/CEO/CFO/Chairman) and director Rory Moss.
13 Apr 2007securities registry admin● Neutral
The SEC declared the March 2007 SB-2 resale registration effective.
30 Mar 2007securities registration● Neutral
Registered 1,637,500 shares (48.3% of outstanding) for resale by existing shareholders at a fixed $0.02/share ($32,750 total); the company itself receives no proceeds. Kabe was a Nevada shell holding a leased unpatented mining claim (plus five added claims) in Storey County, Nevada.
