19 Aug 2020quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $4.7 million and a net loss of $938 thousand for the period ended 2020-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2020late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its quarterly report would be filed late.
26 May 2020quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $5.1 million and a net loss of $2.3 million for the period ended 2020-03-31.
21 May 2020quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $5.1 million and a net loss of $2.3 million for the period ended 2020-03-31.
20 May 2020quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $5.1 million and a net loss of $2.3 million for the period ended 2020-03-31.
19 Feb 2020quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $221 thousand and a net loss of $706 thousand for the period ended 2019-12-31.
14 Feb 2020late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its quarterly report would be filed late.
6 Jan 2020auditor change● Neutral
The company said BF Borgers did no work on the fiscal 2019 audit and the board decided not to proceed with it. After Slack & Co. received PCAOB approval on August 20, 2019, the company reappointed Slack & Co. as auditor effective October 31, 2019. This resolves the auditor turnover that began in July 2019.
30 Dec 2019late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its annual report would be filed late.
28 Aug 2019quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $0 and a net loss of $1.6 million for the period ended 2019-06-30.
19 Aug 2019quarterly activities report▼ Bad
Quad M Solutions, Inc. reported quarterly revenue of $0 and a net loss of $1.6 million for the period ended 2019-06-30.
16 Aug 2019auditor change● Neutral
Slack & Co. told the company on August 14, 2019 that licensure restrictions prevented it from doing the audit work, and said there were no disagreements. The company appointed BF Borgers CPA PC the same day to audit fiscal 2019 and review the June 30, 2019 quarter.
14 Aug 2019late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its quarterly report would be filed late.
22 July 2019auditor change● Neutral
The company, now renamed Quad M Solutions, Inc., said Fruci & Associates II resigned as auditor on July 8, 2019 and Slack & Co. CPAS was appointed on July 19, 2019. The filing says there were no disagreements. It explains the name change as following a change in primary business and the divestiture of 75% of the equity in the former mining subsidiaries, both reported in earlier 8-Ks (March and April 2019).
22 May 2019quarterly activities report▼ Bad
Quad M Solutions, Inc. reported a quarterly net loss of $420 thousand for the period ended 2019-03-31.
20 May 2019quarterly activities report▼ Bad
Quad M Solutions, Inc. reported a quarterly net loss of $420 thousand for the period ended 2019-03-31.
15 May 2019late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its quarterly report would be filed late.
1 Mar 2019securities registration● Neutral
Quad M Solutions, Inc. amended a filing by which it registered a securities offering with the SEC.
26 Feb 2019securities registration● Neutral
Quad M Solutions, Inc. amended a filing by which it registered a securities offering with the SEC.
20 Feb 2019financial restatement▼ BadMajor
The company said its 10-K reports for fiscal 2016, 2017 and 2018 and several 10-Q reports from December 2017 to December 2018 should no longer be relied on, and it will restate them. The cause is how it accounted for its Alaska Property and Mineral Lease: payments will now be expensed as incurred rather than recorded as a right-of-use asset and lease liability. Fruci agreed on February 15, 2019 that the statements should be amended. The filing gives no restated figures.
13 Feb 2019quarterly activities report▼ Bad
Quad M Solutions, Inc. reported a quarterly net loss of $301 thousand for the period ended 2018-12-31.
22 Jan 2019securities registration● Neutral
Quad M Solutions, Inc. amended a filing by which it registered a securities offering with the SEC.
28 Dec 2018late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its annual report would be filed late.
30 Nov 2018listing compliance notice▼ Bad
Quad M Solutions, Inc. withdrew a registration statement, abandoning the offering it covered.
27 Nov 2018securities registration● Neutral
Quad M Solutions, Inc. amended a filing by which it registered a securities offering with the SEC.
15 Oct 2018securities registration● Neutral
Quad M Solutions, Inc. registered a securities offering with the SEC.
12 Oct 2018capital raising announcement▼ BadMajor
The company signed an equity purchase agreement (dated October 1, 2018) letting an investor buy up to $5,000,000 of new common stock over time. It also owes the investor a 1,428,571-share commitment fee and must register the resale of 15,000,000 shares plus the fee shares. For shareholders, this means new shares will be issued, which dilutes existing holders.
27 Aug 2018listing compliance notice● Neutral
OTC Markets Group told the company on August 24, 2018 that its shares would be designated OTCQB securities and trade on the OTCQB Marketplace from August 27, 2018, subject to OTCQB standards. The filing does not say what the shares traded on before.
20 Aug 2018quarterly activities report▼ Bad
Quad M Solutions, Inc. reported a quarterly net loss of $72 thousand for the period ended 2018-06-30.
14 Aug 2018late filing notice▼ Bad
Quad M Solutions, Inc. notified the SEC that its quarterly report would be filed late.