Each one in plain English, with the numbers worked through for a shareholder.
7 Mar 2024capital raising announcement▼ BadMajor
On March 1, 2024 the company signed an Asset Purchase Agreement to buy certain assets of Rivulet Media, Inc. for 90,784,800 new shares plus $10,069,000 in cash, expected to close April 10, 2024 with no assurance. It also sold 7,500,000 shares at $0.40 for $3,000,000 to one investor, paid $2,600,000 of it to Rivulet, and states that Rivulet's shareholders will control 88.24% of the company. This is a sharp move away from the speech-recognition patent business described in the earlier context, and existing holders are heavily diluted.
What it means for a shareholder
7.5m new shares at $0.400 to raise about $3.0m. That's 58% dilution: every existing holder's slice gets 58% smaller. If you held $1,000 of shares (2,500 at the issue price), your slice goes from 0.0456% to 0.0193% of the company. To keep it you'd need 3,424 more shares - about $1,370 at the issue price.
On April 19-20, 2023 the company sold 262,579,731 shares at $0.001165 each for $305,682 to one investor, with the filing saying the funds paid all the company's debts; the President also sold that investor 17,000,000 of his own shares for $53,000. The filing states the investor now owns 52.89% and that this is a change of control. This is a very large dilution of existing holders, and it appears to settle the old note and legal-fee obligations in the context (inference; the filing does not itemise the debts).
On January 28, 2022 the company sold 333,334 shares at $0.015 each for $5,000 to one private investor (agreement dated January 26). New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
333,334 new shares at $0.015 to raise about $5,000. That's 0.117% dilution: every existing holder's slice gets 0.117% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0234% to 0.0234% of the company. To keep it you'd need 78 more shares - about $1 at the issue price.
On November 12, 2021 the company sold 1,000,000 shares at $0.015 each for $15,000 to one private investor, a higher price than the $0.012 paid a week earlier. New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
1.0m new shares at $0.015 to raise about $15,000. That's 0.353% dilution: every existing holder's slice gets 0.353% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0236% to 0.0235% of the company. To keep it you'd need 236 more shares - about $4 at the issue price.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
On July 17, 2018 the company sold 700,000 shares at $0.015 per share for $10,500 to one private investor. The price is far above the $0.002-$0.004 of recent sales; new shares dilute existing holders.
What it means for a shareholder
700,000 new shares at $0.015 to raise about $10,500. That's 0.274% dilution: every existing holder's slice gets 0.274% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0262% to 0.0261% of the company. To keep it you'd need 183 more shares - about $3 at the issue price.
On May 18, 2018 the company sold 1,300,000 shares at $0.0035 per share for $4,550 to one private investor. New shares dilute existing holders.
What it means for a shareholder
1.3m new shares at $0.0035 to raise about $4,550. That's 0.516% dilution: every existing holder's slice gets 0.516% smaller. If you held $1,000 of shares (285,714 at the issue price), your slice goes from 0.114% to 0.113% of the company. To keep it you'd need 1,481 more shares - about $5 at the issue price.
On April 30, 2018 the company reported selling 750,000 shares at $0.004 per share for $3,000 to one private investor. A separate 8-K filed the same day reports 250,000 shares for $1,000 on the same date, so it is unclear whether these are two sales or one corrected figure; 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 0.298% dilution: every existing holder's slice gets 0.298% smaller. If you held $1,000 of shares (250,000 at the issue price), your slice goes from 0.0997% to 0.0994% of the company. To keep it you'd need 748 more shares - about $3 at the issue price.
On April 30, 2018 the company reported selling 250,000 shares at $0.004 per share for $1,000 to one private investor. A second 8-K filed the same day reports a different amount for the same date, so the two filings conflict (inference: one may be an error or they may be separate sales); new shares dilute existing holders.
What it means for a shareholder
250,000 new shares at $0.004 to raise about $1,000. That's 0.0996% dilution: every existing holder's slice gets 0.0996% smaller. If you held $1,000 of shares (250,000 at the issue price), your slice goes from 0.0997% to 0.0996% of the company. To keep it you'd need 249 more shares - about $1 at the issue price.
On April 5, 2018 the company sold 1,800,000 shares at $0.0035 per share for $6,300 to one private investor. The price is higher than the $0.0025 of the March sales; new shares dilute existing holders.
What it means for a shareholder
1.8m new shares at $0.0035 to raise about $6,300. That's 0.713% dilution: every existing holder's slice gets 0.713% smaller. If you held $1,000 of shares (285,714 at the issue price), your slice goes from 0.114% to 0.113% of the company. To keep it you'd need 2,051 more shares - about $7 at the issue price.
On March 19, 2018 the company sold 700,000 shares at $0.0025 per share for $1,750 to one private investor. New shares dilute existing holders.
What it means for a shareholder
700,000 new shares at $0.0025 to raise about $1,750. That's 0.286% dilution: every existing holder's slice gets 0.286% smaller. If you held $1,000 of shares (400,000 at the issue price), your slice goes from 0.164% to 0.164% of the company. To keep it you'd need 1,148 more shares - about $3 at the issue price.
