24 Dec 2013agm notice● Neutral
MV Portfolios, Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Dec 2013quarterly activities report● Neutral
MV Portfolios, Inc. reported a quarterly net income of $199 thousand for the period ended 2013-10-31.
16 Dec 2013late filing notice▼ Bad
MV Portfolios, Inc. notified the SEC that its quarterly report would be filed late.
3 Dec 2013securities registration● Neutral
MV Portfolios, Inc. filed notice of an exempt private placement.
21 Nov 2013capital raising announcement▼ BadMajor
On November 15, 2013 the company sold $325,000 of 10% two-year convertible notes with warrants. The notes convert automatically into a to-be-authorized Series B preferred stock at $0.001 per share ($1.00 after a planned 1,000-to-1 reverse split), and the warrants cover 325,000 shares post-split at $1.00 for ten years. The company committed to authorize the Series B and carry out the reverse split; proceeds go to AuroTellurio project costs and working capital. Existing common holders face a large reverse split and dilution from conversion (the dilution is an inference).
24 Sept 2013quarterly activities report▼ Bad
MV Portfolios, Inc. reported a quarterly net loss of $260 thousand for the period ended 2013-07-31.
13 June 2013quarterly activities report▼ Bad
MV Portfolios, Inc. reported a quarterly net loss of $205 thousand for the period ended 2013-04-30.
23 May 2013securities registration● Neutral
MV Portfolios, Inc. filed the final prospectus for a registered offering.
9 May 2013securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
1 May 2013late filing notice▼ Bad
MV Portfolios, Inc. notified the SEC that its annual report would be filed late.
15 Apr 2013securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
8 Mar 2013securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
7 Mar 2013securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
12 Feb 2013securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
26 Dec 2012securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
17 Dec 2012quarterly activities report▼ Bad
MV Portfolios, Inc. reported a quarterly net loss of $52 thousand for the period ended 2012-10-31.
28 Nov 2012substantial holder notice● Neutral
Barry Honig disclosed a new substantial MV Portfolios, Inc. shareholding (5.75% of votes).
19 Sept 2012quarterly activities report● Neutral
MV Portfolios, Inc. reported a quarterly net income of $660 thousand for the period ended 2012-07-31.
14 Sept 2012late filing notice▼ Bad
MV Portfolios, Inc. notified the SEC that its quarterly report would be filed late.
26 July 2012securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
14 June 2012quarterly activities report● Neutral
MV Portfolios, Inc. reported a quarterly net income of $147 thousand for the period ended 2012-04-30.
12 June 2012quarterly activities report● Neutral
MV Portfolios, Inc. reported a quarterly net income of $147 thousand for the period ended 2012-04-30.
24 May 2012director interest notice● Neutral
George Duggan became a MV Portfolios, Inc. Chief Operating Officer and company insider (initial ownership filing).
1 May 2012late filing notice▼ Bad
MV Portfolios, Inc. notified the SEC that its annual report would be filed late.
2 Apr 2012securities registration● Neutral
MV Portfolios, Inc. filed notice of an exempt private placement.
23 Mar 2012capital raising announcement● Neutral
On March 19, 2012 the company agreed to pay American Strategic Minerals Corporation (Amicor) $125,000 for a report on geological formations on two Amicor properties in Montrose County, Colorado (Bull Canyon and Martin Mesa), to see whether they could contain potential gold deposits. It chose to pay with 1,250,000 restricted shares valued at $0.10 each. The filing describes only a report purchase, not an acquisition of the properties.
16 Mar 2012capital raising announcement● Neutral
On March 16, 2012 the company sold 4,250,000 units at $0.04 each for $170,000. Each unit is one common share plus a warrant for half a share at $0.06, exercisable for 24 months. Proceeds are for general working capital; the new shares add to the share count (dilution is an inference).
What it means for a shareholder
4.3m new shares at $0.040 to raise about $170,000. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held $1,000 of shares (25,000 at the issue price), your slice goes from 0.0228% to 0.022% of the company. To keep it you'd need 971 more shares - about $39 at the issue price.
Create a free account to see this worked out for your own holding.
14 Feb 2012securities registration● Neutral
MV Portfolios, Inc. amended a filing by which it registered a securities offering with the SEC.
10 Feb 2012securities registration● Neutral
MV Portfolios, Inc. registered a securities offering with the SEC.
19 Dec 2011quarterly activities report▼ Bad
MV Portfolios, Inc. reported a quarterly net loss of $132 thousand for the period ended 2011-10-31.