11 Aug 2008substantial holder notice● Neutral
Michael Davis disclosed a new substantial Rivulet Entertainment, Inc. shareholding (8.50% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2008business combination● NeutralMajor
Samoyed signed a merger plan to fold its wholly-owned AVRS subsidiary into itself and rename itself Advanced Voice Recognition Systems, Inc.; the AVRS shares are cancelled with no payment since the parent owns them. It also dismissed auditor Child, Van Wagoner & Bradshaw (no disagreements; earlier reports had going-concern warnings) and hired Cordovano and Honeck LLP for the year ending September 30, 2008.
23 May 2008business combination● NeutralMajor
On May 19, 2008 Samoyed completed the AVRS deal, issuing 140,000,000 shares so former AVRS holders own about 85% of the company, and on May 20 it handed all its oil and gas assets and related liabilities to Stone Canyon for the 22,749,998 shares Stone Canyon held (which were cancelled). The company is now a speech-recognition software business, per the filing still in the development stage with no product revenue, and Walter Geldenhuys replaced Lisa Jacobson as leadership. Existing shareholders were heavily diluted by the share issue.
1 May 2008material agreement● NeutralMajor
Samoyed signed a Stock Exchange Agreement under which AVRS shareholders would hand over all AVRS shares in return for 140,000,000 new Samoyed shares. Closing was conditional on Samoyed transferring all its oil and gas assets and related liabilities to Stone Canyon in exchange for Stone Canyon's 22,749,998 Samoyed shares, on shareholder payments of $250,000 and $1,750,000 (or share cancellations), on one-year lock-ups, and on an AVRS audit, with closing expected by May 15, 2008. This turns the earlier letter of intent into a binding agreement.
31 Mar 2008business combination● Neutral
Samoyed extended its letter of intent with AVRS through a March 28, 2008 amending letter. The filing gives no new terms, so the proposed combination was still pending.
4 Feb 2008business combination● NeutralMajor
Samoyed announced a non-binding-style letter of intent (accepted January 29, 2008) for a proposed business combination with Advanced Voice Recognition Systems, Inc. (AVRS), a speech-recognition company. The filing gives no terms; it points to the attached news release and letter. This is a possible shift away from oil and gas.
5 Dec 2007director interest notice● Neutral
Lisa Robin Jacobson became a Rivulet Entertainment, Inc. Secretaty/Treasurer and company insider (initial ownership filing).
3 Dec 2007director interest notice● Neutral
Christopher Yee became a Rivulet Entertainment, Inc. company insider (initial ownership filing).
7 Nov 2007director interest notice● Neutral
Stone Canyon Resources INC. became a Rivulet Entertainment, Inc. 10%+ owner and company insider (initial ownership filing).
6 Nov 2007director interest notice● Neutral
Rivulet Entertainment, Inc. PRESIDENT Christopher Yee sold 481,735 shares at $0.12.
5 Nov 2007director interest notice● Neutral
Dave Burroughs became a Rivulet Entertainment, Inc. company insider (initial ownership filing).
5 Nov 2007director interest notice● Neutral
Wally Yee became a Rivulet Entertainment, Inc. company insider (initial ownership filing).
15 Aug 2007late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
15 May 2007late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
2 May 2007asset acquisition disposition● NeutralMajor
Samoyed bought small interests in producing and exploration oil and gas leases in Alberta (the Wilson Creek Assets) from Stone Canyon Resources Inc. for US$150,000 cash. The interests are 3.125% to 9.5% working or pooled interests, including one producing gas well, one shut-in gas well and one potential gas well.
5 Jan 2007director interest notice● Neutral
Scott Koyich became a Rivulet Entertainment, Inc. 10%+ owner and company insider (initial ownership filing).
5 Jan 2007director interest notice● Neutral
Wally Yee became a Rivulet Entertainment, Inc. director and company insider (initial ownership filing).
5 Jan 2007director interest notice● Neutral
Dave Burroughs became a Rivulet Entertainment, Inc. director and company insider (initial ownership filing).
5 Jan 2007director interest notice● Neutral
Christopher Yee became a Rivulet Entertainment, Inc. President and company insider (initial ownership filing).
29 Dec 2006late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its annual report would be filed late.
16 Oct 2006securities registration● Neutral
Rivulet Entertainment, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
6 Jan 2006auditor change● Neutral
Samoyed Energy Corp. (the company, then an oil and gas startup) replaced its auditor Smith & Company with Child, Van Wagoner & Bradshaw, PLLC, because Smith & Company changed its practice from a corporation to a PLLC. The filing reports no disagreements; the earlier report for the period ended September 30, 2005 carried a going-concern warning.
31 Oct 2005securities registration● Neutral
Rivulet Entertainment, Inc. registered a small-business securities offering with the SEC.