Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2026material agreement● NeutralMajor
On February 12, 2026 the company and Rivulet Media agreed to replace the $3,500,000 cash still owed under the March 2024 purchase agreement with 12,900,000 restricted common shares and 1,000,000 Series C Preferred shares. This continues the series of amendments to the deal. The company no longer has to pay that cash, but it will issue new shares, which dilutes existing shareholders. The filing does not give the terms of the Series C Preferred.
26 June 2025asset acquisition disposition● NeutralMajor
This amendment says the Rivulet Media deal closed on July 7, 2024, when the company acquired certain wholly owned subsidiaries of Rivulet Media, Inc. for about $10 million (later cut to $6,450,000 by the May 19, 2025 amendment) and about 97 million shares. It resolves the open question of whether the deal had closed. The company has paid $2,950,000 so far and owes $3,500,000. The filing's stated purpose is to add Form 10 information, audited Rivulet Media financials for the years ended June 30, 2024 and 2023, and pro forma figures. It describes Rivulet Media's film, television and music production business.
3 June 2025financial restatement▼ BadMajor
On May 30, 2025 the board concluded that the financial statements in the Form 10-KT filed November 11, 2024 should no longer be relied on. It says the roughly $27 million equity pre-payment to Rivulet Media was wrongly recorded as an asset purchase deposit rather than an offset to equity. The correction will cut total assets and equity by about $27 million with no effect on the statement of operations, and the company plans to amend that filing.
20 May 2025material agreement● NeutralMajor
On May 19, 2025 the company and Rivulet Media amended the March 2024 purchase agreement to cut the cash portion of the price from $10,000,000 to $6,450,000. The closing conditions and default provisions were also eliminated, so the deal is no longer subject to those conditions. The reduced cash price lowers the amount still owed by the company (the earlier filing showed $10,069,000).
15 Oct 2024material agreement● Neutral
On October 9, 2024 the company and Rivulet Media signed a third addendum to the March 2024 purchase agreement, removing Maughan Music, Inc. as a purchased asset and adding Storyland Animation LLC. It also clarifies that liabilities owed to Rivulet Media, Rivulet Films and trade accounts (other than those due to Nutcracker and Kicklight) are not being assumed by the company.
26 Sept 2024material agreement▼ Bad
On September 23, 2024 the company, now named Rivulet Entertainment, Inc. (formerly Advanced Voice Recognition Systems), amended its March 2024 asset purchase agreement with Rivulet Media to add shares for Non Objecting Beneficial Owners. The share count rises by 1,698,209 to 96,722,950, with other terms unchanged, so the share issuance for the deal is larger than first stated.
17 May 2024auditor change● Neutral
The company dismissed auditor BF Borgers CPA PC on May 6, 2024 and engaged Astra Audit and Advisory, LLC on May 16, 2024, on the recommendation of its sole director. The filing gives no reason for the change; this replaces the firm engaged in 2013.
3 May 2024business combination● Neutral
The company says it filed a notice on March 28, 2024 about merging with its wholly owned subsidiary, and on May 1, 2024 corrected the filing with Nevada and signed an amended merger plan. Under the corrected structure the subsidiary merges into the company, which survives and operates under the subsidiary's name; the filing says no shareholder approval is needed. The filing does not name the subsidiary, but this fits the later change to the Rivulet Entertainment name (inference).
7 Mar 2024capital raising announcement▼ BadMajor
On March 1, 2024 the company signed an Asset Purchase Agreement to buy certain assets of Rivulet Media, Inc. for 90,784,800 new shares plus $10,069,000 in cash, expected to close April 10, 2024 with no assurance. It also sold 7,500,000 shares at $0.40 for $3,000,000 to one investor, paid $2,600,000 of it to Rivulet, and states that Rivulet's shareholders will control 88.24% of the company. This is a sharp move away from the speech-recognition patent business described in the earlier context, and existing holders are heavily diluted.
What it means for a shareholder
7.5m new shares at $0.400 to raise about $3.0m. That's 58% dilution: every existing holder's slice gets 58% smaller. If you held $1,000 of shares (2,500 at the issue price), your slice goes from 0.0456% to 0.0193% of the company. To keep it you'd need 3,424 more shares - about $1,370 at the issue price.
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24 Apr 2023capital raising announcement▼ BadMajor
On April 19-20, 2023 the company sold 262,579,731 shares at $0.001165 each for $305,682 to one investor, with the filing saying the funds paid all the company's debts; the President also sold that investor 17,000,000 of his own shares for $53,000. The filing states the investor now owns 52.89% and that this is a change of control. This is a very large dilution of existing holders, and it appears to settle the old note and legal-fee obligations in the context (inference; the filing does not itemise the debts).
1 Feb 2022capital raising announcement▼ Bad
On January 28, 2022 the company sold 333,334 shares at $0.015 each for $5,000 to one private investor (agreement dated January 26). New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
333,334 new shares at $0.015 to raise about $5,000. That's 0.117% dilution: every existing holder's slice gets 0.117% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0234% to 0.0234% of the company. To keep it you'd need 78 more shares - about $1 at the issue price.
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18 Nov 2021capital raising announcement▼ Bad
On November 12, 2021 the company sold 1,000,000 shares at $0.015 each for $15,000 to one private investor, a higher price than the $0.012 paid a week earlier. New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
1.0m new shares at $0.015 to raise about $15,000. That's 0.353% dilution: every existing holder's slice gets 0.353% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0236% to 0.0235% of the company. To keep it you'd need 236 more shares - about $4 at the issue price.
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12 Nov 2021capital raising announcement▼ Bad
On November 5, 2021 the company sold 1,000,000 shares at $0.012 each for $12,000 to one private investor. New shares dilute existing holders, and the filing does not state a use for the money.
What it means for a shareholder
1.0m new shares at $0.012 to raise about $12,000. That's 0.353% dilution: every existing holder's slice gets 0.353% smaller. If you held $1,000 of shares (83,333 at the issue price), your slice goes from 0.0295% to 0.0294% of the company. To keep it you'd need 295 more shares - about $4 at the issue price.
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30 Sept 2021capital raising announcement▼ Bad
This is a second filing for the September 24, 2021 sale of 500,000 shares at $0.005 each ($2,500) to one private investor, already covered by the earlier 2021-09-30 summary. It adds no new terms; new shares dilute existing holders, and the filing states no use of proceeds.
What it means for a shareholder
500,000 new shares at $0.005 to raise about $2,500. That's 0.179% dilution: every existing holder's slice gets 0.179% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0719% to 0.0718% of the company. To keep it you'd need 359 more shares - about $2 at the issue price.
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30 Sept 2021capital raising announcement▼ Bad
On September 24, 2021 the company sold 500,000 shares at $0.005 each for $2,500 to one private investor. The price is well below the $0.012 paid in July 2021, and new shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.005 to raise about $2,500. That's 0.179% dilution: every existing holder's slice gets 0.179% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0719% to 0.0718% of the company. To keep it you'd need 359 more shares - about $2 at the issue price.
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28 July 2021capital raising announcement● Neutral
On July 23, 2021 the company sold 1,000,000 shares at $0.012 each for $12,000 to one private investor. New shares dilute existing holders, and the filing does not state a use for the money.
What it means for a shareholder
1.0m new shares at $0.012 to raise about $12,000. That's 0.358% dilution: every existing holder's slice gets 0.358% smaller. If you held $1,000 of shares (83,333 at the issue price), your slice goes from 0.03% to 0.0298% of the company. To keep it you'd need 300 more shares - about $4 at the issue price.
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13 May 2021capital raising announcement● Neutral
On May 7, 2021 the company sold 200,000 shares at $0.01 each for $2,000 to one private investor. This is a very small raise, and new shares dilute existing holders.
What it means for a shareholder
200,000 new shares at $0.010 to raise about $2,000. That's 0.0718% dilution: every existing holder's slice gets 0.0718% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0359% to 0.0359% of the company. To keep it you'd need 72 more shares - about $1 at the issue price.
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18 Nov 2020capital raising announcement● Neutral
On November 17, 2020 the company sold 166,667 shares at $0.0120 each for $2,000 to one private investor. This is a very small raise, and new shares dilute existing holders.
What it means for a shareholder
166,667 new shares at $0.012 to raise about $2,000. That's 0.0592% dilution: every existing holder's slice gets 0.0592% smaller. If you held $1,000 of shares (83,333 at the issue price), your slice goes from 0.0296% to 0.0296% of the company. To keep it you'd need 49 more shares - about $1 at the issue price.
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10 June 2020capital raising announcement● Neutral
On June 5, 2020 the company sold 500,000 shares at $0.0112 each for $5,600 to one private investor. New shares dilute existing holders, and the filing does not state a use for the money.
What it means for a shareholder
500,000 new shares at $0.0112 to raise about $5,600. That's 0.179% dilution: every existing holder's slice gets 0.179% smaller. If you held $1,000 of shares (89,286 at the issue price), your slice goes from 0.0321% to 0.032% of the company. To keep it you'd need 160 more shares - about $2 at the issue price.
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7 Jan 2020capital raising announcement● Neutral
On January 3, 2020 the company sold 500,000 shares at $0.01 each for $5,000 to one private investor, a day after a 1,000,000-share sale at the same price. New shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.010 to raise about $5,000. That's 0.179% dilution: every existing holder's slice gets 0.179% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0359% to 0.0359% of the company. To keep it you'd need 180 more shares - about $2 at the issue price.
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7 Jan 2020capital raising announcement● Neutral
On January 2, 2020 the company sold 1,000,000 shares at $0.01 each for $10,000 to one private investor. New shares dilute existing holders, and the filing does not state a use for the proceeds.
What it means for a shareholder
1.0m new shares at $0.010 to raise about $10,000. That's 0.358% dilution: every existing holder's slice gets 0.358% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0359% to 0.0358% of the company. To keep it you'd need 359 more shares - about $4 at the issue price.
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10 Dec 2019capital raising announcement● Neutral
This 8-K reports a sale of 800,000 shares at $0.005 for $4,000 on December 4, 2019, filed the same day as another 8-K reporting 1,400,000 shares for $7,000 on that date. The text oddly says the agreement was entered into on August 29, 2019, so it is unclear whether this is a separate sale or an error (inference: possibly a mistake or a leftover from a template). New shares dilute existing holders.
What it means for a shareholder
800,000 new shares at $0.005 to raise about $4,000. That's 0.289% dilution: every existing holder's slice gets 0.289% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0725% to 0.0722% of the company. To keep it you'd need 580 more shares - about $3 at the issue price.
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10 Dec 2019capital raising announcement▼ Bad
On December 4, 2019 the company sold 1,400,000 shares at $0.005 each for $7,000 to one private investor. The price is well below the $0.016 paid in August 2019, and new shares dilute existing holders. The exhibit list in this filing is left blank even though the text refers to Exhibit 10.1.
What it means for a shareholder
1.4m new shares at $0.005 to raise about $7,000. That's 0.505% dilution: every existing holder's slice gets 0.505% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0725% to 0.0721% of the company. To keep it you'd need 1,014 more shares - about $5 at the issue price.
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30 Aug 2019capital raising announcement● Neutral
On August 29, 2019 the company sold 1,000,000 shares at $0.016 each for $16,000 to one private investor. This is a higher price than the $0.005 of spring 2019, and new shares dilute existing holders. The filing does not state a use for the money.
What it means for a shareholder
1.0m new shares at $0.016 to raise about $16,000. That's 0.362% dilution: every existing holder's slice gets 0.362% smaller. If you held $1,000 of shares (62,500 at the issue price), your slice goes from 0.0227% to 0.0226% of the company. To keep it you'd need 227 more shares - about $4 at the issue price.
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7 May 2019capital raising announcement● Neutral
This 8-K reports the same May 1, 2019 sale of 100,000 shares at $0.015 for $1,500 as another 8-K filed the same day, with identical text. It is probably a duplicate filing (inference), so it should not be counted as a second sale. New shares dilute existing holders.
What it means for a shareholder
100,000 new shares at $0.015 to raise about $1,500. That's 0.0364% dilution: every existing holder's slice gets 0.0364% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0243% to 0.0242% of the company. To keep it you'd need 24 more shares - about $0 at the issue price.
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7 May 2019capital raising announcement● Neutral
On May 1, 2019 the company sold 100,000 shares at $0.015 each for $1,500 to one private investor. The price is three times the $0.005 paid in the March and April 2019 sales. The amount is tiny, and new shares dilute existing holders. The signature is dated April 7, 2019, before the May 1 sale, which looks like a typo.
What it means for a shareholder
100,000 new shares at $0.015 to raise about $1,500. That's 0.0364% dilution: every existing holder's slice gets 0.0364% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0243% to 0.0242% of the company. To keep it you'd need 24 more shares - about $0 at the issue price.
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16 Apr 2019capital raising announcement▼ Bad
On April 5, 2019 the company sold 6,000,000 shares at $0.005 each for $30,000 to one private investor. This is much larger than the March 27 sales ($2,500-$4,000) and dilutes existing holders. The filing does not say what the money is for, and its text carries a leftover 'March 27' date alongside April 5, which looks like an editing slip.
What it means for a shareholder
6.0m new shares at $0.005 to raise about $30,000. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0744% to 0.0728% of the company. To keep it you'd need 4,464 more shares - about $22 at the issue price.
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2 Apr 2019capital raising announcement● Neutral
On March 27, 2019 the company sold 500,000 shares at $0.005 each for $2,500 to one private investor. This is the third 8-K for that date and matches the earlier 500,000-share filings exactly, so it is still unclear whether there were one, two or three separate sales (inference: this one may be a duplicate). New shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.005 to raise about $2,500. That's 0.186% dilution: every existing holder's slice gets 0.186% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0744% to 0.0743% of the company. To keep it you'd need 372 more shares - about $2 at the issue price.
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2 Apr 2019capital raising announcement● Neutral
On March 27, 2019 the company reported selling 500,000 shares at $0.005 per share for $2,500 to one private investor. This is identical to another 8-K filed the same day (inference: it could be a second sale to a different investor or a duplicate filing), and a third reports 800,000 shares for $4,000; new shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.005 to raise about $2,500. That's 0.186% dilution: every existing holder's slice gets 0.186% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0744% to 0.0743% of the company. To keep it you'd need 372 more shares - about $2 at the issue price.
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2 Apr 2019capital raising announcement● Neutral
On March 27, 2019 the company reported selling 500,000 shares at $0.005 per share for $2,500 to one private investor. A separate 8-K the same day reports 800,000 shares for $4,000, and a third matches this one exactly, so it is unclear whether these are separate sales or duplicates; new shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.005 to raise about $2,500. That's 0.186% dilution: every existing holder's slice gets 0.186% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0744% to 0.0743% of the company. To keep it you'd need 372 more shares - about $2 at the issue price.
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