Each one in plain English, with the numbers worked through for a shareholder.
19 Oct 2015capital raising announcement▼ Bad
On October 14, 2015 the company sold 700,000 shares at $0.005 per share for $3,500 to one private investor. Continues the small, low-priced share sales; new shares dilute existing holders.
What it means for a shareholder
700,000 new shares at $0.005 to raise about $3,500. That's 0.317% dilution: every existing holder's slice gets 0.317% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0906% of the company. To keep it you'd need 636 more shares - about $3 at the issue price.
On September 28, 2015 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same price as the July and August 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 0.272% dilution: every existing holder's slice gets 0.272% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0906% of the company. To keep it you'd need 545 more shares - about $3 at the issue price.
This 8-K reports the September 1, 2015 sale of 400,000 shares at $0.01 per share for $4,000 to one private investor. It is the same sale already summarised from the 2015-09-08 filing, so it adds nothing new; new shares dilute existing holders.
What it means for a shareholder
400,000 new shares at $0.010 to raise about $4,000. That's 0.181% dilution: every existing holder's slice gets 0.181% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0454% to 0.0454% of the company. To keep it you'd need 182 more shares - about $2 at the issue price.
On September 1, 2015 the company sold 400,000 shares at $0.01 per share for $4,000 to one private investor. The price is double the $0.005 of the prior two sales; new shares dilute existing holders.
What it means for a shareholder
400,000 new shares at $0.010 to raise about $4,000. That's 0.181% dilution: every existing holder's slice gets 0.181% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0454% to 0.0454% of the company. To keep it you'd need 182 more shares - about $2 at the issue price.
On August 24, 2015 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Same terms as the July 31 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 0.272% dilution: every existing holder's slice gets 0.272% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0906% of the company. To keep it you'd need 545 more shares - about $3 at the issue price.
On July 31, 2015 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. Back to the lowest price in the series; 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 0.272% dilution: every existing holder's slice gets 0.272% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0909% to 0.0906% of the company. To keep it you'd need 545 more shares - about $3 at the issue price.
On June 3, 2015 the company sold 300,000 shares at $0.01 per share for $3,000 to one private investor. The price is higher than the $0.005 of March 2015; new shares still dilute existing holders.
What it means for a shareholder
300,000 new shares at $0.010 to raise about $3,000. That's 0.136% dilution: every existing holder's slice gets 0.136% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0455% to 0.0454% of the company. To keep it you'd need 136 more shares - about $1 at the issue price.
On March 17, 2015 the company sold 600,000 shares at $0.005 per share for $3,000 to one private investor. The price is the lowest in the series so far (down from $0.006); 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 0.273% dilution: every existing holder's slice gets 0.273% smaller. If you held $1,000 of shares (200,000 at the issue price), your slice goes from 0.0912% to 0.091% of the company. To keep it you'd need 547 more shares - about $3 at the issue price.
On December 30, 2014 the company sold 500,000 shares at $0.006 per share for $3,000 to one private investor, a day after a similar sale at the same price. Continuing small dilutive raises.
What it means for a shareholder
500,000 new shares at $0.006 to raise about $3,000. That's 0.228% dilution: every existing holder's slice gets 0.228% smaller. If you held $1,000 of shares (166,667 at the issue price), your slice goes from 0.076% to 0.0759% of the company. To keep it you'd need 380 more shares - about $2 at the issue price.
On December 29, 2014 the company sold 716,667 shares at $0.006 per share for $4,300 to one private investor. Same price as the December 5 sale; new shares dilute existing holders.
What it means for a shareholder
716,667 new shares at $0.006 to raise about $4,300. That's 0.326% dilution: every existing holder's slice gets 0.326% smaller. If you held $1,000 of shares (166,667 at the issue price), your slice goes from 0.076% to 0.0758% of the company. To keep it you'd need 545 more shares - about $3 at the issue price.
On December 5, 2014 the company sold 667,000 shares at $0.006 per share for $4,000 to one private investor. The price is roughly half the $0.011 of mid-2014 and the lowest so far, so many more shares are issued per dollar raised.
What it means for a shareholder
667,000 new shares at $0.006 to raise about $4,000. That's 0.306% dilution: every existing holder's slice gets 0.306% smaller. If you held $1,000 of shares (166,667 at the issue price), your slice goes from 0.0767% to 0.0765% of the company. To keep it you'd need 512 more shares - about $3 at the issue price.
On July 7, 2014 the company sold 600,000 shares at $0.011 per share for $6,600 to one private investor. Same terms as the February 2014 sales, continuing small dilutive raises.
What it means for a shareholder
600,000 new shares at $0.011 to raise about $6,600. That's 0.276% dilution: every existing holder's slice gets 0.276% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0419% to 0.0418% of the company. To keep it you'd need 252 more shares - about $3 at the issue price.
On June 17, 2014 the company sold 800,000 shares at $0.011 per share for $8,800 to one private investor. Same price as most 2014 sales; new shares dilute existing holders.
What it means for a shareholder
800,000 new shares at $0.011 to raise about $8,800. That's 0.373% dilution: every existing holder's slice gets 0.373% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0425% to 0.0424% of the company. To keep it you'd need 340 more shares - about $4 at the issue price.
On May 20, 2014 the company sold 1,000,000 shares at $0.01 per share for $10,000 to one private investor. This is the lowest price in the series so far (down from $0.011), so more shares are issued per dollar raised.
What it means for a shareholder
1.0m new shares at $0.010 to raise about $10,000. That's 0.466% dilution: every existing holder's slice gets 0.466% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0468% to 0.0466% of the company. To keep it you'd need 468 more shares - about $5 at the issue price.
On May 19, 2014 the company sold 300,000 shares at $0.011 per share for $3,300 to one private investor. Back at the early-2014 price, in a very small amount; 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 0.14% dilution: every existing holder's slice gets 0.14% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0425% to 0.0425% of the company. To keep it you'd need 128 more shares - about $1 at the issue price.
On May 9, 2014 the company sold 500,000 shares at $0.0175 per share for $8,750 to one private investor. The price is higher than the $0.011 of the May 8 sale; new shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.0175 to raise about $8,750. That's 0.233% dilution: every existing holder's slice gets 0.233% smaller. If you held $1,000 of shares (57,143 at the issue price), your slice goes from 0.0267% to 0.0267% of the company. To keep it you'd need 134 more shares - about $2 at the issue price.
On May 8, 2014 the company sold 454,545 shares at $0.011 per share for $5,000 to one private investor. The smallest raise in this series, at the same $0.011 price as early 2014; new shares dilute existing holders.
What it means for a shareholder
454,545 new shares at $0.011 to raise about $5,000. That's 0.212% dilution: every existing holder's slice gets 0.212% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0425% to 0.0425% of the company. To keep it you'd need 193 more shares - about $2 at the issue price.
On February 25, 2014 the company sold 600,000 shares at $0.011 per share for $6,600 to one private investor. An identical sale to the one eight days earlier, continuing small dilutive raises.
What it means for a shareholder
600,000 new shares at $0.011 to raise about $6,600. That's 0.283% dilution: every existing holder's slice gets 0.283% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0431% to 0.0429% of the company. To keep it you'd need 258 more shares - about $3 at the issue price.
On February 17, 2014 the company sold 600,000 shares at $0.011 per share for $6,600 to one private investor. Same price as the January 2014 sale, in a smaller amount; new shares dilute existing holders.
What it means for a shareholder
600,000 new shares at $0.011 to raise about $6,600. That's 0.283% dilution: every existing holder's slice gets 0.283% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0431% to 0.0429% of the company. To keep it you'd need 258 more shares - about $3 at the issue price.
On January 24, 2014 the company sold 1,363,636 shares at $0.011 per share for $15,000 to one private investor. This is the lowest price in the series so far, down from $0.015 in December 2013, so more shares are issued per dollar raised.
What it means for a shareholder
1.4m new shares at $0.011 to raise about $15,000. That's 0.642% dilution: every existing holder's slice gets 0.642% smaller. If you held $1,000 of shares (90,909 at the issue price), your slice goes from 0.0431% to 0.0428% of the company. To keep it you'd need 587 more shares - about $6 at the issue price.
On December 11, 2013 the company sold 1,000,000 shares at $0.015 per share for $15,000 to one private investor. Same price and size as the October 22 sale, continuing small dilutive raises.
What it means for a shareholder
1.0m new shares at $0.015 to raise about $15,000. That's 0.479% dilution: every existing holder's slice gets 0.479% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0321% to 0.0319% of the company. To keep it you'd need 321 more shares - about $5 at the issue price.
On October 28, 2013 the company sold 500,000 shares at $0.02 per share for $10,000 to one private investor. The price is above the $0.015 of the prior week's sale; new shares still dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.020 to raise about $10,000. That's 0.24% dilution: every existing holder's slice gets 0.24% smaller. If you held $1,000 of shares (50,000 at the issue price), your slice goes from 0.0241% to 0.024% of the company. To keep it you'd need 120 more shares - about $2 at the issue price.
On October 22, 2013 the company sold 1,000,000 shares at $0.015 per share for $15,000 to one private investor. A slightly larger raise at the same $0.015 price as late September and early October, diluting existing holders.
What it means for a shareholder
1.0m new shares at $0.015 to raise about $15,000. That's 0.479% dilution: every existing holder's slice gets 0.479% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0321% to 0.0319% of the company. To keep it you'd need 321 more shares - about $5 at the issue price.
On October 1, 2013 the company sold 700,000 shares at $0.015 per share for $10,500 to two private investors (the filing says 'teo'; this is read as two). Same terms as the September 20 sale, continuing small dilutive raises.
What it means for a shareholder
700,000 new shares at $0.015 to raise about $10,500. That's 0.336% dilution: every existing holder's slice gets 0.336% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0321% to 0.032% of the company. To keep it you'd need 224 more shares - about $3 at the issue price.
On September 20, 2013 the company sold 700,000 shares at $0.015 per share for $10,500 to one private investor. The price is the lowest so far in this run of placements, so the company is issuing more shares per dollar raised.
What it means for a shareholder
700,000 new shares at $0.015 to raise about $10,500. That's 0.34% dilution: every existing holder's slice gets 0.34% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0325% to 0.0324% of the company. To keep it you'd need 227 more shares - about $3 at the issue price.
On September 5, 2013 the company sold 500,000 shares at $0.02 per share for $10,000 to one private investor (the filing's header lists September 3 as the event date, but the text gives September 5). Same price and size as the August sale, continuing small dilutive raises.
What it means for a shareholder
500,000 new shares at $0.020 to raise about $10,000. That's 0.243% dilution: every existing holder's slice gets 0.243% smaller. If you held $1,000 of shares (50,000 at the issue price), your slice goes from 0.0244% to 0.0243% of the company. To keep it you'd need 122 more shares - about $2 at the issue price.
On August 21, 2013 the company sold 500,000 shares at $0.02 per share for $10,000 to one private investor. The price is back up from $0.018 in late July but still well below 2012 levels; new shares dilute existing holders.
What it means for a shareholder
500,000 new shares at $0.020 to raise about $10,000. That's 0.243% dilution: every existing holder's slice gets 0.243% smaller. If you held $1,000 of shares (50,000 at the issue price), your slice goes from 0.0244% to 0.0243% of the company. To keep it you'd need 122 more shares - about $2 at the issue price.
On July 29, 2013 the company sold 555,555 shares at $0.018 per share for $10,000 to one private investor. The price is lower again than the $0.02 sale eleven days earlier, so more shares are issued for the same $10,000.
What it means for a shareholder
555,555 new shares at $0.018 to raise about $10,000. That's 0.27% dilution: every existing holder's slice gets 0.27% smaller. If you held $1,000 of shares (55,556 at the issue price), your slice goes from 0.0271% to 0.027% of the company. To keep it you'd need 150 more shares - about $3 at the issue price.
On July 18, 2013 the company sold 500,000 shares at $0.02 per share for $10,000 to one private investor. Another small raise at a price slightly below the June 2013 sale, diluting existing holders.
What it means for a shareholder
500,000 new shares at $0.020 to raise about $10,000. That's 0.243% dilution: every existing holder's slice gets 0.243% smaller. If you held $1,000 of shares (50,000 at the issue price), your slice goes from 0.0244% to 0.0243% of the company. To keep it you'd need 122 more shares - about $2 at the issue price.
On June 12, 2013 the company sold 455,000 shares at $0.022 per share for $10,010 to one private investor. The price is lower than the $0.03 sale of May 2013, continuing the pattern of small raises at falling prices and dilution.
What it means for a shareholder
455,000 new shares at $0.022 to raise about $10,010. That's 0.222% dilution: every existing holder's slice gets 0.222% smaller. If you held $1,000 of shares (45,455 at the issue price), your slice goes from 0.0223% to 0.0222% of the company. To keep it you'd need 101 more shares - about $2 at the issue price.
