Each one in plain English, with the numbers worked through for a shareholder.
6 Feb 2018material agreement▼ BadMajor
On January 31, 2018 the company and CEO Walter Geldenhuys settled the October 2017 Colorado lawsuit brought by Meyers & Associates over legal fees. Both agreed to release certain claims and to give M&A a $52,385.46 note at 12% interest compounded annually, repayable at $1,000 a month from February 1 through July 1, 2018 with the balance due August 1, 2018. The company and Geldenhuys are jointly responsible. This is the same firm (listed as Meyer & Associates) that was paid for patent prosecution under the 2015 Adapt IP note (inference that the fees relate to that work is not stated in the filing).
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.
28 June 2017material agreement termination● NeutralMajor
Effective June 28, 2017 the company and Dominion Harbor Group mutually agreed to end their August 20, 2015 agreement, with no material termination penalties. Because no proceeds were generated, the company owes nothing for costs Dominion advanced or accrued litigation counsel fees for counsel introduced by Dominion. This resolves the Dominion thread (up to $10,000,000 of cost advances) with no patent licensing or litigation proceeds reported; whether the Buether Joe & Carpenter and Schmeiser Olsen engagements continue is not stated.
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 31, 2017 the company hired Schmeiser, Olsen & Watts LLP as local counsel for 'forthcoming litigation' in the U.S. District Court, District of Arizona, with a $3,000 evergreen fee advance held in the firm's trust account; the company can terminate at any time. The filing says Dominion Harbor will pay enforcement expenses under the 2015 agreement. This is the first sign of court action following the November 2016 Buether Joe & Carpenter engagement, though no lawsuit is reported yet.
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 November 1, 2016 the company signed a contingent fee agreement with law firm Buether Joe & Carpenter, LLC to investigate and assert claims on its patents, including negotiating licences and filing lawsuits against potential infringers. The firm is paid only if the company recovers money: 10% of licensing proceeds in the first year and 20% after, plus a graduated share of litigation proceeds, secured by a security interest in those proceeds; the company can terminate at any time. The filing says Dominion Harbor will pay enforcement expenses under the 2015 advisory agreement, so this appears to be the law-firm step in that enforcement effort (inference).
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.
