Past year: ▼ 97%(0.01c – 0.31c USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2013capital raising announcement▼ BadMajor
On March 4, 2013 the company issued 42,000,000 shares to Jurgen Grams at $0.001 per share to settle $42,000 of debt, and reported that this caused a change in control. Existing shareholders are diluted by the new shares; the filing does not say what percentage Grams now holds. The filing is signed by Jean Mann as CEO and shows a new Texas address, with no explanation of the leadership change.
28 Dec 2010capital raising announcement● Neutral
BWI Holdings issued 40,000,000 restricted shares on July 12, 2010 to an investor, Harry James, in return for $40,000 of the roughly $790,714 the CEO (Jim Can) had lent the company, which the CEO assigned to him; this works out to $0.001 per share. A 1-for-10 reverse split on August 16, 2010 reduced those shares to 4,000,000. The filing does not state what happens to the remainder of the CEO's loans.
