17 June 2013registration revoked▼ BadMajor
The SEC revoked Millennium Energy Corp.'s securities registration effective June 17, 2013, for failure to file periodic reports - more than three years after its last filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2010late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its annual report would be filed late.
25 Jan 2010financial restatement▼ BadMajor
The same resource-property valuation restatement was extended to cover the Q3 2009 (Sept 30, 2009) financial statements as well.
10 Dec 2009financial restatement▼ BadMajor
Millennium's board determined on December 8, 2009 that its FY2008 annual report and Q1/Q2 2009 financial statements (all originally audited by the now-deregistered Moore & Associates) could no longer be relied on, due to a restatement of the book value of its Slovak uranium property, and would need to be re-filed with restated figures.
27 Nov 2009quarterly activities report▼ BadMajor
Reported a net loss of just $61,849 for the first nine months of 2009 (versus $162,923 for the same period in 2008) as the company sat largely dormant amid its accounting overhaul; cumulative losses since inception reached $316,341. These figures were later folded into the restatement, and this would prove to be the company's last quarterly filing before it stopped reporting altogether.
16 Nov 2009late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its quarterly report would be filed late.
18 Sept 2009auditor change● Neutral
The SEC closed its review of the amended auditor-change disclosure with no further comments.
10 Sept 2009auditor change▼ BadMajor
Millennium amended its auditor-change 8-K to disclose the PCAOB's revocation of Moore & Associates Chartered's registration, as directed, and confirmed its new PCAOB-registered auditor would re-audit the prior fiscal year.
3 Sept 2009auditor change▼ BadMajor
SEC staff informed the company that on August 27, 2009 the PCAOB had revoked Moore & Associates Chartered's registration entirely, for violations of PCAOB auditing standards, quality-control rules, securities-fraud rules and noncooperation with a PCAOB investigation - and directed Millennium to amend its August auditor-change 8-K to disclose this, and to have its new auditor re-audit the prior year's financials.
19 Aug 2009quarterly activities report▼ Bad
Reported a net loss of $50,732 for the first half of 2009, bringing losses since inception to $305,215 -- figures also later swept into the December 2009 restatement.
14 Aug 2009late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its quarterly report would be filed late.
7 Aug 2009auditor change● Neutral
Millennium dismissed auditor Moore & Associates Chartered on August 6, 2009 and engaged Seale and Beers, CPA's, LLC; the company reported no disagreements with Moore.
12 May 2009quarterly activities report▼ Bad
Reported a net loss of $43,891 for the quarter ended March 31, 2009, bringing losses since inception to $298,383 -- figures later swept into the company's December 2009 restatement of its Slovak property valuation.
15 Apr 2009annual report● NeutralMajor
FY2008 (its first full Form 10-K): cumulative net loss since inception reached $254,492 (still no revenue), while total assets jumped to $6,001,855 - almost entirely the $6,000,000 book value the company assigned its new Slovak uranium property rights (paid for in stock, not cash). This valuation would be restated downward a year later.
31 Mar 2009late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its annual report would be filed late.
19 Nov 2008quarterly activities report▼ Bad
Reported a net loss of $83,126 for the quarter ended September 30, 2008, including a new $75,000 property-development expense tied to the just-acquired Slovak uranium property; cumulative losses since inception reached $246,919.
14 Nov 2008late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its quarterly report would be filed late.
7 Nov 2008annual report● Neutral
The SEC closed its review of the FY2007 10-KSB with no further comments.
5 Nov 2008annual report● Neutral
An amended FY2007 annual report adding the omitted disclosure-controls conclusion the SEC had flagged; the reported financial figures were unchanged.
28 Oct 2008annual report▼ Bad
SEC staff opened a comment-letter review of the FY2007 10-KSB, flagging that the company had not disclosed its officers' conclusions on disclosure-control effectiveness - "it appears evident that such controls and procedures were not effective" - prompting the amended 10-KSB that followed.
29 Sept 2008asset acquisition disposition● NeutralMajor
Millennium Energy acquired a 25-year exclusive right (100% undivided interest, subject to a 1% royalty) to the Spišské Vlachy uranium-molybdenum-copper property in Eastern Slovakia (41.4 sq km) from Central European Metals S.R.O., paying entirely in stock - 20,000,000 restricted shares issued September 22, 2008, no cash. The deal also committed Millennium to spend at least €5,000,000 on the property by July 2013.
13 Aug 2008quarterly activities report▼ Bad
Reported a net loss of $32,892 for the quarter ended June 30, 2008, bringing losses since inception to $163,793, still with no revenue.
1 May 2008quarterly activities report▼ Bad
Reported a net loss of $46,905 for the quarter ended March 31, 2008, roughly ten times the prior year's equivalent quarter, reflecting the costs of the CBp Carbon Green and Millennium Energy rebrands completed that quarter; cumulative losses since inception reached $130,901.
14 Apr 2008annual report▼ Bad
FY2007 (inception June 2006 through Dec 31, 2007): net loss of $83,996, no revenue. Now Millennium Energy Corp., the company described its new direction as uranium exploration, with CEO Jana Whitlock (who has no uranium-industry experience) planning to hire outside consultants and geologists.
31 Mar 2008bylaws amendment● NeutralMajor
Only four months later, effective March 26, 2008, the company renamed itself again - to "Millennium Energy Corp." - via the same internal-merger mechanism, after the planned CBp Carbon Green business could not proceed: its FY2007 annual report would later disclose that a third party, Ariana Intervest Ltd., would not permit the Company to use the CBp name or the associated technology. The company's new direction was uranium exploration.
31 Mar 2008late filing notice▼ Bad
MILLENNIUM ENERGY CORP. notified the SEC that its annual report would be filed late.
29 Nov 2007bylaws amendment● NeutralMajor
Effective November 29, 2007, the company completed an internal merger with its own subsidiary to rename itself "CBp Carbon Green, Inc." and effected a 15-for-1 forward stock split, taking issued shares from 7,333,333 to 109,999,995 under new ticker CBPG.
27 Nov 2007substantial holder notice● Neutral
Jana Whitlock disclosed a new substantial MILLENNIUM ENERGY CORP. shareholding (68.18% of votes).
27 Nov 2007director interest notice● Neutral
Jana Whitlock became a MILLENNIUM ENERGY CORP. officer and company insider (initial ownership filing).
21 Nov 2007director officer appointment● Neutral
The Whitlock stock purchases closed on November 18, 2007; Perry and Mirkovic resigned and Whitlock became President, CEO and a director.