Each one in plain English, with the numbers worked through for a shareholder.
21 June 2019registration revoked▼ BadMajor
The SEC revoked Kabe Exploration's securities registration by default (Opinion dated June 20, 2019, following a Sept 2018 order and a Dec 2018 show-cause order the company never answered), grouped with two unrelated companies - CrossClick Media, Inc. and Swingplane Ventures, Inc. - for failing to file periodic reports.
Stale Werner Nielsen and Bjorn Rene Singdahlsen resigned from the board - the last remnants of the 2008 Ulsteen/EPS-era board, consistent with the EPS merger's earlier lapse.
30 May 2013director officer appointment● NeutralMajor
Entered letters of intent to buy Deep Rights on south-central Kansas (Cowley County) oil and gas leases: from Fortune Oil & Gas Ltd. for $781,000 (7,810,000 shares at $0.10, Jan 15, 2013) and from Sal Mazullo for $39,000 (Feb 15, 2013); also signed a non-binding term sheet with Phoenix Group Capital Markets, LP for Phoenix to buy up to $5 million of stock over 36 months at 50% of the lowest 10-day volume-weighted average price - a heavily dilutive structure. Separately appointed Roger A T Smith, a 35-year oil/gas drilling veteran, as director (350,000 shares).
FY2012 10-K: net loss widened to $135,796 (from $56,789 FY2011; cumulative deficit $474,292 since 2006 inception) on 123.9 million shares outstanding; disclosed real progress on the new Kansas oil/gas pivot - a consulting agreement with geologist Sal Mazullo for drilling-site selection and an application for operator status with the State of Kansas; Ulsteen remained the company's only employee.
Dismissed auditor John Kinross-Kennedy and engaged Anton & Chia LLP the same day (March 22, 2013), with no disagreements or reportable events cited - a clean, same-day auditor transition.
FY2010 10-K: a quiet year as a dormant shell still seeking a new business combination - net loss $5,276 (cumulative deficit since 2006 inception about $281,700).
FY2009 10-K: net loss widened sharply to $183,342 (from $50,938 FY2008), including a $5,000 write-off from formally abandoning the Storey County mining leases and $50,000 in consultant fees; the EPS merger was no longer mentioned at all, replaced again by generic blank-check language - the deal appears to have lapsed without closing, though no termination was separately disclosed.