Past year: ▲ 0%(0.00c – 0.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Apr 2012material agreement● NeutralMajor
On April 5, 2012 the company took on a convertible note of up to $700,000 at 10% interest, convertible at 80% of the three-day average closing bid price, and drew $175,000 immediately. Separately, HDS paid $32,000 for Portland Trail Blazers name-and-logo rights for in-store promotions in Oregon and southern Washington Walgreens stores, plus arena advertising. The note adds funding that could convert into new shares at a discount.
6 Apr 2012material agreement● Neutral
HDS signed two marketing deals for Clotamin: $40,000 cash to Mega Brand Group to place it in at least 57 Winn-Dixie stores in South Florida, and an agreement with the Asian American Convenience Store Association for placement in at least 1,200 stores, paid with $50,000 cash, 1,000,000 restricted shares and warrants for 1,000,000 shares at $0.30 (shares and warrants not yet issued). This is spending on promoting Clotamin, continuing the post-acquisition business.
6 Mar 2012capital raising announcement● NeutralMajor
On March 1, 2012 the company issued a $200,000 10% convertible note to an investor, maturing March 1, 2014. It converts into common stock at a 20% discount to the 10-day average market price, so conversion would issue new shares and dilute existing holders. This is the first financing after the HDS acquisition.
17 Feb 2012asset acquisition disposition● NeutralMajor
The company (filing under the name Sunpeaks Ventures, Inc.) acquired Healthcare Distribution Specialists LLC (HDS), a specialty-drug distributor that also sells the Clotamin multivitamin, by issuing 200,000,000 restricted common shares and 3,000,000 Class A Preferred shares to HDS's owner Mackie Barch, while majority shareholder Scott Beaudette cancelled 200,000,000 of his common shares. The company says it was a shell that had abandoned its original oil and gas exploration plan, and it now operates through HDS. It also settled debts to its law firm ($4,000) and to Beaudette ($5,000) for cash, agreed to issue 50,000,000 shares to cancel a $110,000 Whetu note, and hired Barch as CEO at $1,000 a month.
