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MISTRAL VENTURES INC

US:MILV
No current share price held for this company.

Past year: ▲ 1649900%(0.02c – 3.30 USD)

Market cap
—
Shares on issue
—
Story beats
8 since 2007
Last event
30 Oct 2019

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

30 Oct 2019quarterly activities report▼ BadMajor

An 11-years-late catch-up filing (part of the 2019 push to become compliant again): retroactively discloses that by June 30, 2008 the company had zero total assets and a net loss of $208,523 for the six months, with a $172,255 working capital deficit -- the last piece of the financial picture before Mistral deregistered that August.

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28 Oct 2019auditor change● NeutralMajor

Eleven years after going dark, Mistral Ventures resurfaced under a new Liverpool, New York address, replacing non-PCAOB-registered auditor James Stafford Chartered Accountants with Boyle CPA for fiscal years 2008 through the then-current year - an attempt to become a compliant SEC filer again after over a decade with no audited financials.

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14 Aug 2008listing compliance notice▼ BadMajor

Mistral deregistered its stock entirely, reporting 65 holders of record, about three weeks after its CEO transition.

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25 July 2008director officer appointment▼ BadMajor

Sole director and CEO John Xinos resigned; CFO Kent Carasquero, in that role since March 2007, became CEO - though the filing itself, in an apparent copy-paste error, names 'Trustcash Holdings, Inc.' rather than Mistral as the company involved.

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14 May 2008quarterly activities report▼ BadMajor

First-quarter 2008 results confirm the damage from the collapsed CypherEdge deal already disclosed in April's 10-K: a $24,308 loan writedown pushed the cumulative net loss since inception to $1,115,057, though working capital turned slightly positive ($15,443, from a $15,732 deficit at year-end) as the Trustcash/Paivis financing arrangement began advancing funds.

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8 Apr 2008annual report▼ BadMajor

The delayed FY2007 10-K disclosed that the CypherEdge acquisition had collapsed and the $975,000 loan was in default (with lawyers pursuing collection), that Mistral had given up its Gold Bug mineral claim back in January 2007 in exchange for debt forgiveness, and that the company had instead committed up to $2-7 million to help finance a merger between Trustcash Holdings and Paivis Corp.; working capital swung from a $68,466 surplus to a $15,732 deficit over the year.

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31 Mar 2008late filing notice▼ Bad

MISTRAL VENTURES INC notified the SEC that its annual report would be filed late.

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14 Nov 2007quarterly activities report● NeutralMajor

Cash surged to $499,530 and a new $502,171 loan receivable appeared on the balance sheet -- the CypherEdge bridge loan disclosed days earlier -- lifting working capital to $981,043, even as the nine-month 2007 net loss grew to $95,457 (from $31,715 a year earlier).

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5 Nov 2007business combination▼ BadMajor

Mistral agreed to acquire all of CypherEdge Technologies, a wireless-network-services company, for 83 million newly issued shares, and advanced CypherEdge a $975,000 bridge loan at 10% interest ahead of closing - a deal that would fall through by year-end, leaving the loan in default.

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11 Sept 2007other material event● Neutral

Mistral's board authorized a further 2.5-for-1 forward stock split, effective September 11, 2007 - combined with the June split, roughly a 15-fold increase in share count within about three months.

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14 Aug 2007quarterly activities report▼ Bad

Working capital swung to a $4,986 deficit (from $68,466 positive at year-end 2006) as cash fell to $4,396, even though the quarterly net loss ($21,952) was about flat with a year earlier -- filed alongside the second of two forward stock splits that together multiplied the share count roughly 15-fold.

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13 Aug 2007director interest notice● Neutral

MISTRAL VENTURES INC Secretary Francisco Kent Carasquero gifted 96,000 shares.

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13 Aug 2007director interest notice● Neutral

Francisco Kent Carasquero became a MISTRAL VENTURES INC Secretary and company insider (initial ownership filing).

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8 June 2007other material event● Neutral

Mistral's board authorized a 6-for-1 forward stock split, effective June 1, 2007.

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14 May 2007quarterly activities report● Neutral

Net loss narrowed to $10,152 for the quarter (from $20,236 a year earlier), though working capital fell to $4,814 (from $68,466 at year-end 2006) as cash was spent down.

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10 May 2007director interest notice● Neutral

Francisco Kent Carasquero became a MISTRAL VENTURES INC Secretary and company insider (initial ownership filing).

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25 Apr 2007director interest notice● Neutral

MISTRAL VENTURES INC President Mistral Ventures INC bought 1,800,000 shares on the open market at $0.01.

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11 Apr 2007director officer appointment● Neutral

Mistral appointed Kent Carasquero, president of stock-promotion consultancy Tyee Capital Consultants since 2002, as Chief Financial Officer and Principal Accounting Officer.

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30 Mar 2007annual report● Neutral

Mistral's FY2006 annual report showed a $51,761 net loss, working capital of $68,466, and confirmed all 2 million IPO units had been sold; the company's only asset remained its Gold Bug mineral claim.

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9 Nov 2006quarterly activities report▲ Good

Cash jumped to $97,751 and working capital swung to an $86,512 surplus (from a deficit the prior quarter) as the company's $100,000 IPO closed, funding operations even as the nine-month 2006 net loss reached $31,715.

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29 Sept 2006director interest notice● Neutral

John Anastasios Xinos became a MISTRAL VENTURES INC President, CFO, Secretary and company insider (initial ownership filing).

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11 Aug 2006quarterly activities report▼ Bad

Six-month 2006 net loss reached $23,997 (versus just $18 in the same period a year earlier, before real operations began), working capital deficit widening to $7,770 as cash fell to $2,370.

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2 June 2006securities registry admin● Neutral

Mistral registered its common stock under Exchange Act Section 12(g) to enable public trading.

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2 June 2006quarterly activities report▼ Bad

First quarterly report as a public company: net loss of $20,236 for the quarter, swinging working capital from a $3,227 surplus at year-end 2005 to a $6,009 deficit, cash down to $5,769.

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20 Apr 2006securities registration● Neutral

Newly incorporated Mistral Ventures, an exploration-stage mineral company controlled by sole officer/director John Xinos, registered a $100,000 self-underwritten IPO (2 million units at $0.05, each with two warrants exercisable at $0.10) to fund exploration of its Gold Bug Project, a claim in a historic silver-mining area near Beaverdell, British Columbia.

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