15 Nov 2021quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $16 thousand for the period ended 2021-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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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16 Aug 2021quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $18 thousand for the period ended 2021-06-30.
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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17 May 2021quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $19 thousand for the period ended 2021-03-31.
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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16 Nov 2020quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $10 thousand for the period ended 2020-09-30.
13 Aug 2020quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $10 thousand for the period ended 2020-06-30.
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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15 May 2020quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $36 thousand for the period ended 2020-03-31.
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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12 Nov 2019quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $13 thousand for the period ended 2019-09-30.
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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12 Aug 2019quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $7 thousand for the period ended 2019-06-30.
10 May 2019quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $29 thousand for the period ended 2019-03-31.
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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2 Apr 2019capital raising announcement● Neutral
On March 27, 2019 the company sold 800,000 shares at $0.005 per share for $4,000 to one private investor. New shares dilute existing holders. Two other 8-Ks filed the same day report 500,000 shares for $2,500 on the same date, so it is unclear how many separate sales occurred.
What it means for a shareholder
800,000 new shares at $0.005 to raise about $4,000. That's 0.297% dilution: every existing holder's slice gets 0.297% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0744% to 0.0742% of the company. To keep it you'd need 595 more shares - about $3 at the issue price.
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13 Dec 2018material agreement● Neutral
On December 10, 2018 the company and Meyers & Associates signed a second amendment to the settlement note, conditional on a $20,000 balloon payment on or before November 21, 2018. The company is then to pay $1,500 monthly from January 1 through June 1, 2019, with all remaining principal and interest due July 1, 2019, pushing the final payment back from December 1, 2018. The filing does not say whether the $20,000 was paid.
20 Nov 2018capital raising announcement● NeutralMajor
On November 14, 2018 the company sold 11,500,000 shares at $0.0063 per share for $72,450 to one accredited private investor. This is far larger than any 2018 sale reported so far (previously $1,000-$10,500) and the new shares dilute existing holders. The filing does not say what the money is for (inference: it may relate to the $20,000 balloon payment due to Meyers & Associates by November 21, 2018, but the filing does not link them).
What it means for a shareholder
11.5m new shares at $0.0063 to raise about $72,450. That's 4.3% dilution: every existing holder's slice gets 4.3% smaller. If you held $1,000 of shares (158,730 at the issue price), your slice goes from 0.0621% to 0.0594% of the company. To keep it you'd need 7,144 more shares - about $45 at the issue price.
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