21 June 2022securities registration● Neutral
MainStreetChamber Holdings, Inc. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Dec 2021material agreement● NeutralMajor
On December 7, 2021 the company signed and completed Asset Purchase Agreements for the third, fourth and fifth acquisitions, three Nevada companies, paying with restricted shares of 10,900,500, 5,450,250 and 5,450,250 (21,801,000 in total). This continues the acquisition programme announced in August 2021 and further dilutes existing shareholders. The filing does not name the companies or describe what they do.
3 Nov 2021material agreement● NeutralMajor
This amendment reports the first concrete step of the August 2021 plan: on October 27, 2021 the company signed an Asset Purchase Agreement with two Nevada companies, paying in restricted shares. The filing does not state the number of shares or the price in its text. It also corrects the earlier filing: the company says it will not file the audited financial statements and Form 10-type information it had promised, because it says that information is not required.
8 Sept 2021material agreement● NeutralMajor
Walker Lane said it had agreed to acquire up to twelve operating companies over the next year, paying for each with newly issued restricted shares. The filing says the sellers' principals would over time gain control of the company and that it plans to rename itself MainStreetChamber Holdings. The press release names Larry Kozin as the manager of the target companies and says that, once all deals are done, about 65% of the shares then outstanding would have been issued to the sellers, diluting existing holders. This follows the 2018 XON share exchange proposal, whose outcome the filings do not report; it also follows the 2018 suspension of periodic reporting. The press release also states that three directors resigned on Aug 27, 2021 and Larry Kozin (COO) and Huntley Andrews (Senior Strategic Development Advisor) were added. Revenue figures for the first target (up to $1.5 million) are management's expectations, not reported results.
15 Feb 2019listing compliance notice▼ BadMajor
MainStreetChamber Holdings, Inc. suspended its duty to file periodic reports with the SEC.
5 Apr 2018director interest notice● Neutral
MainStreetChamber Holdings, Inc. 10%+ owner Andrews Huntley Barr bought 2,500,000 shares on the open market at $0.00.
3 Apr 2018director interest notice● Neutral
MainStreetChamber Holdings, Inc. CFO of subsidiary Leon Caldwell bought 900,000 shares on the open market at $0.00.
23 Feb 2018material agreement● NeutralMajor
On February 20, 2018 the company signed a share exchange agreement with the stockholders of XON Energy Resources Inc., a Texas corporation, to buy all of XON for 6,115,279 new restricted shares. If it closes, XON holders would own about 45% of the company, diluting existing shareholders. It is subject to conditions, and closing would be reported by amendment.
8 Feb 2018asset acquisition disposition● NeutralMajor
On February 8, 2018 the company reported that the SJE Mining rescission announced in April 2017 was finalised, with an effective date of December 26, 2017. SJE returned 6.15 million shares for cancellation and kept 500,000 shares, subject to resale limits; SJE took back the liabilities, the company assigned the mining claims back, and it paid SJE $5,000 in expenses. This resolves the 2014 SJE acquisition thread, and the company now holds no claims from it.
25 Apr 2017asset acquisition disposition▼ BadMajor
Now named Walker Lane Exploration, the company said on April 25, 2017 that it was rescinding, effective July 31, 2014, the SJE Mining purchase: it would return the Nevada claims and repudiate the $150,000 of notes it had assumed. The board said the promised financing never came and the claims proved nearly worthless. Holders of 50.02% of shares removed the prior directors and installed Phillip Allen, Keith Simon and Iain Stewart, and the board said financial statements from July 31, 2014 onward should not be relied on. This reverses the 2014 deal.
29 Oct 2015late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
22 June 2015quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $229 thousand for the period ended 2015-04-30.
15 June 2015late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.
28 May 2015director interest notice● Neutral
Sharp Ted Riley became a MainStreetChamber Holdings, Inc. CFO and company insider (initial ownership filing).
21 May 2015director interest notice● Neutral
MainStreetChamber Holdings, Inc. President Jones Steven Kendall disposed of 400,000 shares via option/appreciation-right settlement.
20 May 2015director interest notice● Neutral
MainStreetChamber Holdings, Inc. VP Business Development Stevenson Eric sold 600,000 shares.
20 May 2015director interest notice● Neutral
MainStreetChamber Holdings, Inc. 10%+ owner Sje Mining LLC sold 7,500,000 shares at $0.00.
20 May 2015director interest notice● Neutral
Stevenson Eric became a MainStreetChamber Holdings, Inc. VP Business Development and company insider (initial ownership filing).
20 Apr 2015director interest notice● Neutral
MainStreetChamber Holdings, Inc. Secretary-Treasurer Simon Keith Adrian sold 800 shares at $0.95.
16 Mar 2015quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $229 thousand for the period ended 2015-04-30.
4 Feb 2015securities registration● Neutral
MainStreetChamber Holdings, Inc. filed notice of an exempt private placement.
22 Dec 2014quarterly activities report▼ Bad
MainStreetChamber Holdings, Inc. reported a quarterly net loss of $427 thousand for the period ended 2015-01-31.
15 Dec 2014late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its quarterly report would be filed late.
29 Oct 2014late filing notice▼ Bad
MainStreetChamber Holdings, Inc. notified the SEC that its annual report would be filed late.
21 Oct 2014director interest notice● Neutral
MainStreetChamber Holdings, Inc. Secretary-treasurer Simon Keith Adrian bought 20,000 shares on the open market at $0.03.
2 Oct 2014director interest notice● Neutral
Sje Mining LLC became a MainStreetChamber Holdings, Inc. 10%+ owner and company insider (initial ownership filing).
26 Sept 2014director interest notice● Neutral
MainStreetChamber Holdings, Inc. director Mancuso Thomas bought 300,000 shares on the open market.
19 Sept 2014director interest notice● Neutral
Simon Keith Adrian became a MainStreetChamber Holdings, Inc. Secretary-Treasurer and company insider (initial ownership filing).
19 Sept 2014director interest notice● Neutral
MainStreetChamber Holdings, Inc. Vice President Exploration Jones Steven Kendall bought 100,000 shares on the open market at $0.03.
19 Sept 2014director interest notice● Neutral
Jones Steven Kendall became a MainStreetChamber Holdings, Inc. Vice President Exploration and company insider (initial ownership filing).