8 Mar 2016other● Neutral
Share distribution schedule at 4 March 2016 shows 1,111 holders and 237,982,218 shares. Administrative disclosure; the total is higher than the 205.2m shares ASX is quoting.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Mar 2016other● Neutral
Top 20 shareholder list at 4 March 2016. The largest holder has 6.53% and the top 20 together hold 48.05%. Director Dougal Ferguson holds 1.49%. Administrative disclosure.
8 Mar 2016other● Neutral
Appendix 1A listing application for quotation of 205,232,218 ordinary shares. Standard form supporting the reinstatement, with no new commercial information.
8 Mar 2016other● Neutral
Corporate governance statement for requotation. The board of three non-executives has no CEO and no separate committees. Governance document only, with no new financial information.
8 Mar 2016asset acquisition disposition▲ GoodMajor
Company confirms the A$3.25m offer closed and the AssembleBay acquisition completed, with 12.75m shares issued to vendors. The A$200k loans were repaid by issuing 20m shares, and 10m shares plus 21m options went to advisers. Completes the open deal.
8 Mar 2016other● Neutral
Company constitution filed as part of the reinstatement documents. Administrative only; only the title page is shown.
8 Mar 2016half year report● Neutral
Re-release of the half-year report to 31 December 2015, filed as pre-quotation disclosure. Same A$115k loss and no revenue as the 29 February filing.
8 Mar 2016listing compliance notice● Neutral
ASX notice confirming reinstatement on 10 March 2016 with 205,232,218 shares quoted under code ASY, described as an online marketplace. Some shares and options are restricted for 12 to 24 months. Repeats the main reinstatement release.
8 Mar 2016other● Neutral
Securities trading policy filed for reinstatement, setting out insider trading rules and blackout periods. Governance document only, with no new financial information.
8 Mar 2016other● Neutral
List of pre-reinstatement disclosure documents. It notes the offer closed, the A$200k loan was converted into 20m shares, and 10m shares plus 21m options went to promoters and advisers. Mostly a checklist of other filings.
8 Mar 2016listing compliance notice▲ GoodMajor
ASX will reinstate AssembleBay shares to quotation from 10 March 2016 (code ASY), after re-complying with Chapters 1 and 2. Ends the suspension that began 30 November 2012 and beats the 14 March delisting deadline.
2 Mar 2016admin correction● Neutral
Registered office moved to 68 Aberdeen Street, Northbridge WA. Administrative change only.
29 Feb 2016half year report● Neutral
Half-year to 31 December 2015: loss of A$115k versus A$36k a year earlier, with no revenue. Company now named Assemblebay (renamed 2 February 2016), still suspended pending the acquisition and relisting; auditor is now William Buck.
29 Dec 2015listing compliance notice● NeutralMajor
ASX extended the automatic delisting deadline from 1 January to 14 March 2016. The company, suspended since November 2012, must be reinstated by then or be removed. Shareholders approved the AssembleBay acquisition on 21 December 2015.
14 Dec 2015other● Neutral
New securities trading policy adopted, noting the company is to be renamed AssembleBay Limited. Governance document only, with no new financial information.
14 Dec 2015capital raising announcement▲ GoodMajor
Prospectus offers 162.5m shares at A$0.02 to raise A$3.25m, conditional on re-complying with ASX Chapters 1 and 2 for the AssembleBay acquisition. This replaces the failed 2013 raise; the company would be renamed AssembleBay Limited.
7 Dec 2015debt financing● NeutralMajor
Converting loans of A$200,000 were signed to fund working capital and AssembleBay deal costs. They carry 12% interest, expire 31 March 2016, and convert at A$0.01 into 20m shares on completion of the deal. Shareholder approval is sought on 21 December.
20 Nov 2015business combination▲ GoodMajor
Sirocco agreed an exclusive deal to buy 100% of Assemble Holdings (AssembleBay), an online platform matching customers with furniture assembly workers, planned for launch in early 2016. A move away from energy; this is the first transaction identified since the shell was left suspended.
19 Nov 2015director officer appointment● NeutralMajor
The whole board was replaced. Simon Robertson (also company secretary), John Gilfillan and Dougal Ferguson, who is Elixir Petroleum's managing director and a former Sirocco director, were appointed. Billing, Schmidt and Afflick resigned.
27 Aug 2015annual report● Neutral
Preliminary final report for FY2015 repeats a A$45,239 loss and net liabilities of A$306k at 30 June. ASIC fined the company A$8,400 on 14 August 2015 and the company says it is now up to date. The board is pursuing new opportunities to re-start trading.
13 July 2015capital raising announcement▲ GoodMajor
The 1-for-5 consolidation took effect, leaving 7.5m shares. A 24m-share placement at A$0.005 raised A$120k, with 1.22m shares issued to clear A$270k of debts, bringing shares on issue to 32.7m. Completes the approved 6 July recapitalisation.
9 July 2015annual report▼ BadMajor
Late annual report for year to 30 June 2013. The Block 14 raise failed and the A$780k remaining Statesman loan was fully written off (US$20k repaid). Executives resigned in May 2013. Loss was A$1.79m.
9 July 2015half year report▼ Bad
Late half-year report to 31 December 2012, lodged in July 2015. Shares remain suspended. Going concern depends on share issues and creditor settlements approved at the 6 July 2015 meeting, and the report flags inherent uncertainty over future funding.
9 July 2015annual report● Neutral
Late annual report for year to 30 June 2014 shows a loss of A$18,231, mainly compliance costs offset by forgiven director fees. Shares remain suspended, and going concern relies on funding and creditor settlements.
9 July 2015other● Neutral
Appendix 4G key to corporate governance disclosures for the year to 30 June 2015, accompanying the annual report. Administrative form with no new information on assets, funding or relisting.
9 July 2015other● Neutral
2015 Corporate Governance Statement describing board policies against the ASX recommendations. It carries no new information on assets, funding or relisting.
9 July 2015annual report● Neutral
Annual report for year to 30 June 2015 shows a loss of A$45,239, mainly compliance costs. It confirms the ASIC proceedings and the aim to settle by September 2015. Creditors agreed to forgive debts or take shares. Shares remain suspended.
9 July 2015half year report● Neutral
Late half-year report to 31 December 2013 shows a profit of A$5,085, compared with a A$1.41m loss a year earlier. It restates the December 2013 placement of 4,896,861 shares at A$0.01. Shares remain suspended.
9 July 2015half year report▼ Bad
Late half-year report to 31 December 2014 shows a loss of A$35,540. It discloses a 5 May 2015 ASIC court summons for failing to hold an AGM and lodge reports. The company aims to settle by end of September 2015.
9 July 2015other● Neutral
Share trading policy setting out insider trading rules and blackout periods for directors and key management. Governance document only, with no new information on assets, funding or relisting.