2 Dec 2014director interest notice● Neutral
Donna S Moore became a Star Mountain Resources, Inc. InterimCFO,Treasurer&Secretary and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Dec 2014substantial holder notice● Neutral
Summit Capital USA, Inc reported a Star Mountain Resources, Inc. shareholding of 3,007,776 shares (19.20% of votes) in a periodic institutional filing.
2 Dec 2014director interest notice● Neutral
Donna S Moore became a Star Mountain Resources, Inc. InterimCFO,Treasurer&Secretary and company insider (initial ownership filing).
2 Dec 2014director interest notice● Neutral
Star Mountain Resources, Inc. InterimCFO,Treasurer&Secretary Donna S Moore received 100,000 shares as part of the equity award.
2 Dec 2014director interest notice● Neutral
Star Mountain Resources, Inc. director Douglas Charles Maclellan received 75,000 shares as part of the equity award.
2 Dec 2014director interest notice● Neutral
Star Mountain Resources, Inc. director Edward Francis Brogan received 150,000 shares as part of the equity award.
18 Nov 2014quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $433 thousand for the period ended 2014-09-30.
14 Nov 2014late filing notice▼ Bad
Star Mountain Resources, Inc. notified the SEC that its quarterly report would be filed late.
3 Nov 2014quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $433 thousand for the period ended 2014-09-30.
3 Nov 2014quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $433 thousand for the period ended 2014-09-30.
29 Oct 2014capital raising announcement● NeutralMajor
New CEO Joseph Marchal and director Edward Brogan converted $1.5 million of convertible debt (plus $175,433 accrued interest) into 3.35 million new shares, and halved their warrants' exercise price to $0.50 before exercising for another 750,000 shares -- consolidating insider ownership as the company rebuilt under new leadership after the Stanford scandal.
15 Oct 2014substantial holder notice● Neutral
Michael Christiansen reported a Star Mountain Resources, Inc. shareholding of 750,000 shares (6.50% of votes) in a periodic institutional filing.
3 Oct 2014director interest notice● Neutral
Summit Capital Usa, INC. became a Star Mountain Resources, Inc. 10%+ owner and company insider (initial ownership filing).
3 Oct 2014substantial holder notice● Neutral
Summit Capital USA Inc reported a Star Mountain Resources, Inc. shareholding of 1,853,443 shares (16.06% of votes) in a periodic institutional filing.
2 Oct 2014material agreement▼ BadMajor
The board, after an internal investigation into ousted CEO Michael Stanford, voided a side deal in which Stanford's own private company had collected $750,000 from investor Donald Sutherland in exchange for company stock and a mining royalty -- the investigation alleged Stanford diverted over $2.6 million from the company, including $1.3 million routed directly into his personal accounts. Sutherland, found blameless, returned 3.86 million of his 5.36 million shares to settle; Stanford separately had 25 million shares cancelled.
26 Sept 2014material agreement● Neutral
The company settled disputes with its former CFO Robbie Chidester and his firm CFO Advantage: Chidester returned 500,000 shares for cancellation and the firm waived a $13,716 unpaid-fee claim, closing out a tenure that ran from the October 2012 reverse merger through his May 2014 resignation.
24 Sept 2014financial restatement▼ BadMajor
A deeper restatement followed: the 2013 annual report had wrongly booked former CEO Michael Stanford's personal expenses as company expenses and misrecorded a stock issuance to him -- an early public sign that Stanford, who had already resigned, had misused company funds.
23 June 2014director interest notice● Neutral
Edward Francis Brogan became a Star Mountain Resources, Inc. director and company insider (initial ownership filing).
23 June 2014director interest notice● Neutral
Joseph Hamilton Marchal became a Star Mountain Resources, Inc. Executive Chairman and company insider (initial ownership filing).
18 June 2014director interest notice● Neutral
Douglas Charles Maclellan became a Star Mountain Resources, Inc. Director and company insider (initial ownership filing).
15 May 2014late filing notice▼ Bad
Star Mountain Resources, Inc. notified the SEC that its quarterly report would be filed late.
28 Apr 2014financial restatement▼ BadMajor
The company restated three 2013 quarterly filings after finding accounting errors in how it recorded stock-sale proceeds, two large 2013 share issuances (230,426 and 5,360,000 shares), and mineral-claim maintenance costs.
17 Apr 2014substantial holder notice● Neutral
Michael Christiansen disclosed a new substantial Star Mountain Resources, Inc. shareholding (2.20% of votes).
31 Mar 2014late filing notice▼ Bad
Star Mountain Resources, Inc. notified the SEC that its annual report would be filed late.
12 Feb 2014auditor change▼ Bad
Auditor Mantyla McReynolds declined to stand for re-appointment -- its prior reports had already carried going-concern doubt -- and the company engaged HJ & Associates as its new auditor.
26 Dec 2013substantial holder notice● Neutral
Summit Capital USA Inc reported a Star Mountain Resources, Inc. shareholding of 2,228,173 shares (7.06% of votes) in a periodic institutional filing.
19 Nov 2013quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $620 thousand for the period ended 2013-09-30.
14 Nov 2013late filing notice▼ Bad
Star Mountain Resources, Inc. notified the SEC that its quarterly report would be filed late.
24 Oct 2013capital raising announcement● Neutral
The company issued a second $500,000 convertible note on similar 12% terms, this time to Edward Brogan, secured by the same Utah mining claims -- both 2013 notes were funding exploration almost entirely through insider debt convertible at a discount to market.
3 Sept 2013securities registration● Neutral
Star Mountain Resources, Inc. filed notice of an exempt private placement.