6 Sept 2017director interest notice● Neutral
Sustainable Projects Group Inc. 10%+ owner Grunder Christopher disposed of 1,052,631 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Aug 2017late filing notice▼ Bad
Sustainable Projects Group Inc. notified the SEC that its annual report would be filed late.
10 Aug 2017director interest notice● Neutral
Winzenried Christian became a Sustainable Projects Group Inc. CEO / President and company insider (initial ownership filing).
3 Aug 2017director interest notice● Neutral
Grothe Philip became a Sustainable Projects Group Inc. director and company insider (initial ownership filing).
1 Aug 2017director interest notice● Neutral
Hachler Suha became a Sustainable Projects Group Inc. CFO and company insider (initial ownership filing).
26 July 2017director interest notice● Neutral
Muehlbauer Stefan became a Sustainable Projects Group Inc. Chief Communications Officer and company insider (initial ownership filing).
21 July 2017substantial holder notice● Neutral
Christopher Grunder disclosed a new substantial Sustainable Projects Group Inc. shareholding (60.30% of votes).
11 July 2017capital raising announcement● NeutralMajor
The company disclosed several share-based deals. It issued 400,000 restricted shares ($600,000) to Mr. Greising for a Zurich office lease deposit, with a rent-free 10-year sub-lease from SP Group AG. It bought a 20% stake in SP Group (Europe) AG from Christopher Grunder for 6,000 shares ($21,000), with a dividend agreement entitling it to 20% of that firm's annual dividend, which is to equal 100% of that firm's net profit. It also reported small private placements ($39,996 at $3.00 and $108,949 at $3.50 per share), the 1,250,000-share issuance for the mineral claims, and 10,000 shares issued to settle $35,000 of debt. Together these add new shares outstanding.
9 June 2017auditor change● Neutral
The auditor Centurion ZD CPA Limited resigned on May 3, 2017 and MNP LLP was appointed. The filing reports no disagreements and an unmodified report for the year ended May 31, 2016, with internal controls disclosed as not effective. This is another auditor change after the 2016 one.
13 Apr 2017quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $47 thousand for the period ended 2017-05-31.
17 Mar 2017material agreement● NeutralMajor
Now renamed Sustainable Petroleum Group Inc. and based in Naples, Florida, the company bought 13 mineral claims in the Thunder Bay Mining Division from Workplan Holding Inc. (the entity tied to Grunder, its controlling holder) under a March 13, 2017 agreement. It paid CDN$5 million by issuing 1,250,000 restricted shares. The claims carry a 3% net smelter royalty to John Leliever, and the company may buy back half of it for CDN$1.5 million before a bankable prefeasibility study. Because the seller is the major shareholder, this was a related-party deal (inference from the earlier filing).
18 Jan 2017quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $8 thousand for the period ended 2017-02-28.
18 Jan 2017late filing notice▼ Bad
Sustainable Projects Group Inc. notified the SEC that its quarterly report would be filed late.
17 Oct 2016quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $26 thousand for the period ended 2016-11-30.
2 Sept 2016substantial holder notice● Neutral
Christopher Grunder disclosed a new substantial Sustainable Projects Group Inc. shareholding (57.10% of votes).
30 Aug 2016director interest notice● Neutral
Grunder Christopher became a Sustainable Projects Group Inc. 10%+ owner and company insider (initial ownership filing).
29 Aug 2016auditor change● Neutral
The auditor Dominic K. F. Chan & Co. resigned on August 10, 2016 and DCAW (CPA) Limited was appointed in its place. The filing reports no disagreements; earlier audit reports carried a going-concern uncertainty statement and the company's internal controls were disclosed as not effective. This follows the change of control the same month.
29 Aug 2016late filing notice▼ Bad
Sustainable Projects Group Inc. notified the SEC that its annual report would be filed late.
11 Aug 2016business combination● NeutralMajor
The company, then named Blue Spa Incorporated, disclosed a change in control: Workplan Holding Inc. (owned by Christopher Grunder) bought 4,000,000 shares (57.1% of the 7,000,000 outstanding) from sole director Law Yau Yau for $4,000. Yau is to resign and Suha Hächler is to take over as sole director and officer once the 10-day notice period ends. No shareholder vote is required.
14 Apr 2016quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $9 thousand for the period ended 2016-02-29.
26 Jan 2016quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $9 thousand for the period ended 2016-02-29.
8 Oct 2015quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $10 thousand for the period ended 2015-11-30.
14 Apr 2015quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $6 thousand for the period ended 2015-02-28.
14 Jan 2015quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $6 thousand for the period ended 2015-02-28.
15 Oct 2014quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $10 thousand for the period ended 2014-11-30.
2 Sept 2014late filing notice▼ Bad
Sustainable Projects Group Inc. notified the SEC that its annual report would be filed late.
17 Mar 2014quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $7 thousand for the period ended 2014-02-28.
13 Jan 2014quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $7 thousand for the period ended 2014-02-28.
15 Oct 2013quarterly activities report▼ Bad
Sustainable Projects Group Inc. reported a quarterly net loss of $11 thousand for the period ended 2013-11-30.
3 June 2013securities registration● Neutral
Sustainable Projects Group Inc. amended an already-effective registration statement.