Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2018capital raising announcement▼ Bad
On March 6, 2018 the company sold 1,900,000 shares at $0.0025 per share for $4,750 to one private investor. Same size and price as the February 21 sale; new shares dilute existing holders.
What it means for a shareholder
1.9m new shares at $0.0025 to raise about $4,750. That's 0.773% dilution: every existing holder's slice gets 0.773% smaller. If you held $1,000 of shares (400,000 at the issue price), your slice goes from 0.164% to 0.163% of the company. To keep it you'd need 3,116 more shares - about $8 at the issue price.
On February 21, 2018 the company sold 1,900,000 shares at $0.0025 per share for $4,750 to one private investor. Slightly higher than the $0.002 of the prior two sales; new shares dilute existing holders.
What it means for a shareholder
1.9m new shares at $0.0025 to raise about $4,750. That's 0.773% dilution: every existing holder's slice gets 0.773% smaller. If you held $1,000 of shares (400,000 at the issue price), your slice goes from 0.164% to 0.163% of the company. To keep it you'd need 3,116 more shares - about $8 at the issue price.
On January 21, 2018 the company sold 2,300,000 shares at $0.002 per share for $4,600 to one private investor. Same price as the December sale; new shares dilute existing holders.
What it means for a shareholder
2.3m new shares at $0.002 to raise about $4,600. That's 0.934% dilution: every existing holder's slice gets 0.934% smaller. If you held $1,000 of shares (500,000 at the issue price), your slice goes from 0.205% to 0.203% of the company. To keep it you'd need 4,715 more shares - about $9 at the issue price.
On December 20, 2017 the company sold 2,000,000 shares at $0.002 per share for $4,000 to one private investor. The price is below the $0.004 of the October and November 2017 sales; new shares dilute existing holders.
What it means for a shareholder
2.0m new shares at $0.002 to raise about $4,000. That's 0.825% dilution: every existing holder's slice gets 0.825% smaller. If you held $1,000 of shares (500,000 at the issue price), your slice goes from 0.208% to 0.206% of the company. To keep it you'd need 4,162 more shares - about $8 at the issue price.
On November 9, 2017 the company sold 750,000 shares at $0.004 per share for $3,000 to one private investor. Same $0.004 price as the October sale; new shares dilute existing holders.
What it means for a shareholder
750,000 new shares at $0.004 to raise about $3,000. That's 0.311% dilution: every existing holder's slice gets 0.311% smaller. If you held $1,000 of shares (250,000 at the issue price), your slice goes from 0.104% to 0.104% of the company. To keep it you'd need 780 more shares - about $3 at the issue price.
On October 26, 2017 the company sold 875,000 shares at $0.004 per share for $3,500 to one private investor. The price is below the $0.005 of recent sales; new shares dilute existing holders.
What it means for a shareholder
875,000 new shares at $0.004 to raise about $3,500. That's 0.363% dilution: every existing holder's slice gets 0.363% smaller. If you held $1,000 of shares (250,000 at the issue price), your slice goes from 0.104% to 0.104% of the company. To keep it you'd need 910 more shares - about $4 at the issue price.
On June 19, 2017 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Back to the usual small size; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.257% dilution: every existing holder's slice gets 0.257% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.0856% of the company. To keep it you'd need 515 more shares - about $3 at the issue price.
8 June 2017capital raising announcement● NeutralMajor
On June 5, 2017 the company sold 5,000,000 shares at $0.005 per share for $25,000 to one private investor. This is far larger than the usual $1,000-$8,500 sales; new shares dilute existing holders.
What it means for a shareholder
5.0m new shares at $0.005 to raise about $25,000. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.084% of the company. To keep it you'd need 4,292 more shares - about $21 at the issue price.
On May 4, 2017 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. New shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.257% dilution: every existing holder's slice gets 0.257% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.0856% of the company. To keep it you'd need 515 more shares - about $3 at the issue price.
This appears to be a duplicate filing of the May 1, 2017 report: 300,000 shares at $0.005 per share for $1,500 to one private investor. It looks like the same sale rather than a second one (inference); new shares dilute existing holders.
What it means for a shareholder
300,000 new shares at $0.005 to raise about $1,500. That's 0.129% dilution: every existing holder's slice gets 0.129% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.0857% of the company. To keep it you'd need 258 more shares - about $1 at the issue price.
On May 1, 2017 the company sold 300,000 shares at $0.005 per share for $1,500 to one private investor. New shares dilute existing holders.
What it means for a shareholder
300,000 new shares at $0.005 to raise about $1,500. That's 0.129% dilution: every existing holder's slice gets 0.129% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.0857% of the company. To keep it you'd need 258 more shares - about $1 at the issue price.
On April 14, 2017 the company sold 500,000 shares at $0.005 per share for $2,500 to one private investor. 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 0.214% dilution: every existing holder's slice gets 0.214% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0858% to 0.0857% of the company. To keep it you'd need 429 more shares - about $2 at the issue price.
On March 23, 2017 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. New shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.26% dilution: every existing holder's slice gets 0.26% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0868% to 0.0866% of the company. To keep it you'd need 521 more shares - about $3 at the issue price.
On February 27, 2017 the company sold 200,000 shares at $0.005 per share for $1,000 to one private investor. A smaller sale than recent ones; new shares dilute existing holders.
What it means for a shareholder
200,000 new shares at $0.005 to raise about $1,000. That's 0.0867% dilution: every existing holder's slice gets 0.0867% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0868% to 0.0867% of the company. To keep it you'd need 174 more shares - about $1 at the issue price.
On February 21, 2017 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same terms as the prior sale; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.26% dilution: every existing holder's slice gets 0.26% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0868% to 0.0866% of the company. To keep it you'd need 521 more shares - about $3 at the issue price.
On February 3, 2017 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same terms as the earlier small sales; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.26% dilution: every existing holder's slice gets 0.26% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0868% to 0.0866% of the company. To keep it you'd need 521 more shares - about $3 at the issue price.
On January 12, 2017 the company sold shares at $0.005 per share for $3,000 to one private investor. The filing garbles the share count as '0,000 shares'; at $0.005 the $3,000 total implies 600,000 shares (inference). New shares dilute existing holders.
On December 14, 2016 the company sold 650,000 shares at $0.005 per share for $3,250 to one private investor. The filing text refers to an agreement dated October 21, 2016, which appears carried over from earlier filings (inference); new shares dilute existing holders.
What it means for a shareholder
650,000 new shares at $0.005 to raise about $3,250. That's 0.284% dilution: every existing holder's slice gets 0.284% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0875% to 0.0873% of the company. To keep it you'd need 569 more shares - about $3 at the issue price.
On November 16, 2016 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. The filing text refers to an agreement dated October 21, 2016, which appears carried over from the prior filing (inference); the price is back to the $0.005 low and new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.262% dilution: every existing holder's slice gets 0.262% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0875% to 0.0873% of the company. To keep it you'd need 525 more shares - about $3 at the issue price.
On October 21, 2016 the company sold 300,000 shares at $0.011 per share for $3,300 to one private investor. New shares dilute existing holders.
What it means for a shareholder
300,000 new shares at $0.011 to raise about $3,300. That's 0.131% dilution: every existing holder's slice gets 0.131% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0398% to 0.0397% of the company. To keep it you'd need 119 more shares - about $1 at the issue price.
On October 11, 2016 the company sold 350,000 shares at $0.014 per share for $4,900 to one private investor. This is the highest price in the recent series; new shares dilute existing holders.
What it means for a shareholder
350,000 new shares at $0.014 to raise about $4,900. That's 0.153% dilution: every existing holder's slice gets 0.153% smaller. If you held $1,000 of shares (71,429 at the issue price), your slice goes from 0.0313% to 0.0312% of the company. To keep it you'd need 109 more shares - about $2 at the issue price.
On September 19, 2016 the company sold 300,000 shares at $0.01 per share for $3,000 to one private investor. New shares dilute existing holders.
What it means for a shareholder
300,000 new shares at $0.010 to raise about $3,000. That's 0.132% dilution: every existing holder's slice gets 0.132% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.044% to 0.0439% of the company. To keep it you'd need 132 more shares - about $1 at the issue price.
On July 14, 2016 the company sold 850,000 shares at $0.0075 per share for $6,375 to one private investor. The filing's text refers to an agreement dated February 19, 2016, which looks like a carried-over date (inference); new shares dilute existing holders.
What it means for a shareholder
850,000 new shares at $0.0075 to raise about $6,375. That's 0.372% dilution: every existing holder's slice gets 0.372% smaller. If you held $1,000 of shares (133,333 at the issue price), your slice goes from 0.0586% to 0.0584% of the company. To keep it you'd need 499 more shares - about $4 at the issue price.
On March 17, 2016 the company sold 850,000 shares at $0.01 per share for $8,500 to one private investor. A somewhat larger raise at the same $0.01 price as the March 10 sales; new shares dilute existing holders.
What it means for a shareholder
850,000 new shares at $0.010 to raise about $8,500. That's 0.377% dilution: every existing holder's slice gets 0.377% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0445% to 0.0444% of the company. To keep it you'd need 378 more shares - about $4 at the issue price.
A second 8-K for March 10, 2016 reports a sale of 200,000 shares at $0.01 per share for $2,000 to one private investor. Together with the 500,000-share sale the same day, the filings show 700,000 shares sold for $7,000; 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 0.089% dilution: every existing holder's slice gets 0.089% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0445% to 0.0445% of the company. To keep it you'd need 89 more shares - about $1 at the issue price.
On March 10, 2016 the company sold 500,000 shares at $0.01 per share for $5,000 to one private investor. The price is double the $0.005 of the prior sales; 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 0.222% dilution: every existing holder's slice gets 0.222% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0445% to 0.0444% of the company. To keep it you'd need 223 more shares - about $2 at the issue price.
On February 19, 2016 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same terms as the January sale; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.266% dilution: every existing holder's slice gets 0.266% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.089% to 0.0888% of the company. To keep it you'd need 534 more shares - about $3 at the issue price.
On January 19, 2016 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same price and size as earlier sales; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.005 to raise about $3,000. That's 0.266% dilution: every existing holder's slice gets 0.266% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.089% to 0.0888% of the company. To keep it you'd need 534 more shares - about $3 at the issue price.
On November 30, 2015 the company sold 800,000 shares at $0.005 per share for $4,000 to one private investor. Continues the pattern of small raises at $0.005; 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 0.362% dilution: every existing holder's slice gets 0.362% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0905% of the company. To keep it you'd need 727 more shares - about $4 at the issue price.
A second 8-K for October 14, 2015 reports a further sale of 400,000 shares at $0.005 per share for $2,000 to one private investor. Together with the 700,000-share sale the same day, the filings show 1,100,000 shares sold for $5,500 (assuming they are separate investors/sales, which the filings imply but do not state); new shares dilute existing holders.
What it means for a shareholder
400,000 new shares at $0.005 to raise about $2,000. That's 0.181% dilution: every existing holder's slice gets 0.181% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0907% of the company. To keep it you'd need 363 more shares - about $2 at the issue price.
