18 Sept 2014director interest notice● Neutral
Moss Trevor A became a MainStreetChamber Holdings, Inc. director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Sept 2014director interest notice● Neutral
MainStreetChamber Holdings, Inc. director Moss Trevor A bought 25,000 shares on the open market at $0.02.
8 Aug 2014auditor change● Neutral
On August 4, 2014 auditor Silberstein Ungar, PLLC resigned and the company engaged KLJ & Associates, LLP the same day. The filing says Silberstein's reports for fiscal 2012 and 2013 carried a going-concern warning, and there were no disagreements.
7 Aug 2014business combination▼ BadMajor
On July 31, 2014 Goldspan bought mining claims in Washoe and Churchill Counties, Nevada from SJE Mining LLC by issuing 200 million new shares (about 71% of the post-closing shares), assuming $150,000 of SJE notes, and planning a 1:25 reverse split and an equity offering of up to $4 million. The filing states the Alaska Golden Zone deal lapsed because the company could not meet its terms, and that a March 2013 letter of intent to buy 80% of Equipment & Trucks Inc. also ended without liability. Existing holders were heavily diluted, and new directors and officers (Phillip Allen as President) took over. The filing says it had limited cash and terminated operations before this deal.
16 June 2014quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $7 thousand for the period ended 2014-04-30.
4 June 2014quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $7 thousand for the period ended 2014-04-30.
2 June 2014quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $7 thousand for the period ended 2014-04-30.
16 Dec 2013late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.
29 Oct 2013late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
14 June 2013late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.
15 Mar 2013quarterly activities report● Neutral
MainStreetChamber Holdings, Inc. reported quarterly revenue of $0 for the period ended 2013-01-31.
24 Jan 2013quarterly activities report● Neutral
MainStreetChamber Holdings, Inc. reported quarterly revenue of $0 for the period ended 2013-01-31.
29 Oct 2012late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
25 Apr 2012farm in farm out agreement● NeutralMajor
On April 5, 2012 the company (then named Goldspan Resources) signed a non-binding letter of intent with Alix Resources Corp. for an option to acquire a 60% interest in the Golden Zone Property in Alaska. It would pay CDN $1,000,000 to Alix over 24 months, fund CDN $3,500,000 of exploration over 24 months, and take on Alix's payment and share-issuance obligations to the property owners. It is conditional on a definitive agreement, due diligence and owner approval. This is a new direction after the earlier Able NY and X9 proposals, whose outcomes this filing does not report.
10 June 2010material agreement● Neutral
On June 8, 2010 the company signed an addendum to its May letter of intent with American Bio Fuels for Able Energy New York: payment will be only in new company common stock, with no cash or debt, and Able NY must complete audits of its two fiscal years ended June 30, 2010 before the deal closes. For shareholders, this means any deal would involve issuing new shares. The deal is still only a letter of intent.
1 June 2010material agreement termination● NeutralMajor
The company ended its Kousassi-Datekro manganese joint venture agreement with Wingspan Foundation, resolving the February 2010 opportunity. It says lab tests on ore samples brought back by its vice president, Mr. Hedderly-Smith, led it to decide the venture was not in its interest, and NABC SA could not supply more geologic data during the extended diligence period. No contractual penalties apply, and the $8.4 million fee was never paid.
24 May 2010material agreement● NeutralMajor
On May 22, 2010 the company signed a non-binding letter of intent with American Bio Fuels, LLC to buy 100% of its subsidiary Able Energy New York, Inc., a New York home heating oil retailer. Payment is expected to be a mix of company shares and convertible notes, with a definitive agreement targeted by June 15, 2010 after audits of Able NY's June 2009 and June 2010 years. This is another new business direction and is not binding.
30 Mar 2010material agreement● NeutralMajor
On March 26, 2010 the company agreed to buy 75 shares (7.5%) of private company X9 Gold Development, Inc. for $375,000, within 120 days, and must try to raise up to $2 million of private equity to do so. X9 holds a licence to the B9 Bubble Mill ore-milling process. If the purchase closes and X9's tests succeed (8 of 10 ores), the company would acquire the rest of X9 for 9,250,000 new shares. The filing says the company has no firm financing arrangements, so this is contingent and unfunded for now.
16 Feb 2010material agreement● NeutralMajor
On February 12, 2010 the company signed a letter agreement with Wingspan Foundation giving it the chance to take a 35% stake in a joint venture for the Kousassi-Datekro manganese mine in Cote d'Ivoire (other owners: NABC SA 25%, Wingspan 30%, the Ivorian government 10%). It has a 45-day due diligence period, and if it proceeds it must pay an estimated $8.4 million fee (about $2 million within four business days of signing the joint venture agreement, the rest after a feasibility study). This is a new direction after the Pepper Hope claim was given up; it is only an opportunity, not a completed purchase.
23 Nov 2009director interest notice● Neutral
Erdmann Barbara Jean became a MainStreetChamber Holdings, Inc. Corporate Secretary and company insider (initial ownership filing).
23 Nov 2009director interest notice● Neutral
Leon Caldwell became a MainStreetChamber Holdings, Inc. President/CFO and company insider (initial ownership filing).
29 Oct 2009late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
10 Sept 2009auditor change● Neutral
A second amendment to the auditor-resignation filing adds only that Moore & Associates, on advice of counsel, declined to give an additional letter to the SEC on whether it agrees with the company's statements. The rest repeats the earlier amendment.
3 Sept 2009auditor change▼ Bad
This amendment to the August 2009 auditor-resignation filing adds that the PCAOB revoked Moore & Associates' registration on August 27, 2009, citing violations of its rules and auditing standards and non-cooperation with an investigation. The earlier statements of no disagreements or reportable events are repeated, now through July 31, 2009.
3 Sept 2009auditor change● Neutral
On September 2, 2009 the board appointed Maddox Ungar Silberstein, PLLC as the company's new auditor, replacing Moore & Associates. The filing says the company had not consulted the new firm beforehand on accounting or audit-opinion matters.
28 Aug 2009auditor change● Neutral
The company's auditor, Moore & Associates Chartered, resigned on August 6, 2009, and the board approved the resignation on August 25, 2009. The filing says the auditor's report on the year ended July 31, 2008 included a going-concern uncertainty, and that there were no disagreements or reportable events.
15 Dec 2008late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.
29 Oct 2008late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
3 Sept 2008business combination▼ BadMajor
The company (filing under the name Goldspan Resources, Inc.) handed its Pepper Hope mineral claim in British Columbia to its former officer and director Jeff Wiegel, who returned his 2,500,000 shares for cancellation and took on the claim's liabilities. The company says its exploration plan is no longer commercially viable, it has no new business identified yet, and there is no assurance it can continue as a going concern. Alan Shinderman became sole officer and director and bought 750,000 new shares at $0.001 each ($7,500), leaving him the largest shareholder at about 11.92%; offices moved to Las Vegas.
17 Mar 2008late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.