19 Nov 2012quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported quarterly revenue of $52 thousand and a net loss of $421 thousand for the period ended 2012-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2012asset acquisition disposition● Neutral
This amendment to the November 14 filing rewords the first two paragraphs of Item 1.01 to say Mondial, as CUBO Energy's nominee, is the party to the October 30, 2012 agreement with Energy Producers, and corrects typos in the signature and exhibit title. The deal terms ($175,000 price, 5,000,000 shares to Steven Antebi) are unchanged.
14 Nov 2012late filing notice▼ Bad
MONDIAL VENTURES, INC. notified the SEC that its quarterly report would be filed late.
14 Nov 2012asset acquisition disposition● NeutralMajor
On October 30, 2012 Mondial, as nominee of CUBO Energy PLC, signed a short form agreement with EGPI Firecreek's Energy Producers unit tied to Texas leases (Callahan, Stephens and Shackelford counties). The price is $175,000 ($10,000 paid as a deposit, $165,000 due) for a 3-D seismic study and a proposed buyout of the 50% partner interests, with horizontal wells estimated at $750,000 each if the parties proceed. It also approved 5,000,000 restricted shares to consultant Steven Antebi, valued at $750,000, for advisory services. This extends the oil and gas direction set by the July 2012 deal with the same EGPI group.
2 Nov 2012auditor change▼ Bad
Auditor Stan J.H. Lee resigned on October 29, 2012, and on October 31 Mondial hired Anton & Chia LLP. The filing says there were no disagreements, and Lee's reports for 2011 and 2010 carried a going-concern doubt, as in earlier reports. The filing gives no reason for the resignation.
15 Aug 2012late filing notice▼ Bad
MONDIAL VENTURES, INC. notified the SEC that its quarterly report would be filed late.
15 Aug 2012quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $23 thousand for the period ended 2012-06-30.
9 Aug 2012business combination● NeutralMajor
Mondial completed a deal on July 31, 2012 with Energy Producers, Inc. (a subsidiary of EGPI Firecreek), buying working interests in oil and gas assets and so changing the business from athletic apparel to oil and gas. It issued 14,000,000 shares for the assets, 5,000,000 to assign the share purchase agreement and 5,000,000 to new management, and cancelled 64,330,000 shares, leaving 59,670,000 outstanding (the notice's cover text cites 53,000,000 on the August 1 record date). Dennis R. Alexander (Chairman/CEO) and Joanne Sylvanus (CFO) join the board, and Jeff Sirianni resigns as director once they take office, ending the Legacy-era management.
14 May 2012quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $44 thousand for the period ended 2012-03-31.
30 Mar 2012late filing notice▼ Bad
MONDIAL VENTURES, INC. notified the SEC that its annual report would be filed late.
14 Nov 2011quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $146 thousand for the period ended 2011-09-30.
10 Aug 2011quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $330 thousand for the period ended 2011-06-30.
16 May 2011quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $330 thousand for the period ended 2011-03-31.
1 Apr 2011late filing notice▼ Bad
MONDIAL VENTURES, INC. notified the SEC that its annual report would be filed late.
11 Jan 2011business combination● Neutral
Mondial gave notice of the board changes following the Legacy merger: Robert Fiallo and Jeff Sirianni (nominated by Legacy) join the board 10 days after mailing, and Marc Juliar resigns as director and officer. Legacy's Rodney Henry is Chairman and CEO, Fiallo is COO, Sirianni is VP of Business Development and Brian Beerman is CFO; 100,000,000 shares are outstanding.
10 Jan 2011director interest notice● Neutral
Rodney Henry became a MONDIAL VENTURES, INC. Chairman, President, CEO and company insider (initial ownership filing).
10 Jan 2011director interest notice● Neutral
Jeff Sirianni became a MONDIAL VENTURES, INC. VP of Business Development and company insider (initial ownership filing).
10 Jan 2011director interest notice● Neutral
Robert Fiallo became a MONDIAL VENTURES, INC. Chief Operating Officer and company insider (initial ownership filing).
30 Dec 2010business combination● NeutralMajor
On December 30, 2010 Legacy Athletic Apparel LLC merged into Mondial under a December 14, 2010 agreement, with Mondial surviving. Mondial dropped its mineral exploration business (the Q29 claims expired December 15, 2010 and were not re-staked). Legacy's members received up to 51,000,000 new shares, and debts of $28,099 and $50,609 were converted into 10,670,000 and 15,200,000 shares, plus 13,330,000 shares to two director nominees, taking shares outstanding from 9,800,000 to 100,000,000, so existing holders were heavily diluted.
18 Nov 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-09-30.
11 Aug 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $4 thousand for the period ended 2010-06-30.
11 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
11 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
11 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
11 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
10 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
10 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
10 May 2010quarterly activities report▼ Bad
MONDIAL VENTURES, INC. reported a quarterly net loss of $1 thousand for the period ended 2010-03-31.
19 Jan 2010auditor change● Neutral
Mondial refiled its auditor-change report, again describing the January 11, 2010 switch from Dale Matheson Carr-Hilton Labonte to Stan J.H. Lee, CPA. This version covers the audited years 2005 and 2006 (the earlier one said 2006 only) and attaches a new auditor letter dated January 18, 2010; the going-concern qualification and no-disagreement statements are unchanged.
12 Jan 2010auditor change● Neutral
Mondial's board dismissed its auditor Dale Matheson Carr-Hilton Labonte on January 11, 2010 and hired Stan J.H. Lee, CPA. The filing says the former auditor's reports carried a going-concern qualification (recurring losses and net cash outflows since inception) but there were no disagreements.