6 Apr 2012director interest notice● Neutral
U.S. RARE EARTHS, INC director Geoff Williams gifted 1,200 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2012late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its annual report would be filed late.
21 Nov 2011quarterly activities report▼ Bad
U.S. RARE EARTHS, INC reported quarterly revenue of $864 thousand and a net loss of $22.4 million for the period ended 2011-09-30.
15 Nov 2011late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its quarterly report would be filed late.
29 Aug 2011asset acquisition disposition● NeutralMajor
On August 22, 2011 the company (then Colorado Rare Earths) closed its purchase of Delaware-based U.S. Rare Earths, which holds claims in the Lemhi Mining District of Idaho and the Montana/Beaverhead District, by merging it into its subsidiary Seaglass. U.S. Rare Earths holders get 5,000,000 unregistered shares (about 25% of the company afterward). This is again a related-party deal, since Edward Cowle and H. Deworth Williams (each about 19.6% holders, Cowle a director) are principals of the target; the company says it investigated independently. A name change to U.S. Rare Earths, Inc. is expected in late September 2011, two new directors are to be named, and the filing also discloses $4.0 million raised from 80 units sold to 40 investors, each unit carrying warrants at $4.85. Financial statements and pro formas for the acquired business are still to come by amendment.
19 Aug 2011quarterly activities report▼ Bad
U.S. RARE EARTHS, INC reported quarterly revenue of $934 thousand and a net loss of $6.4 million for the period ended 2011-06-30.
16 Aug 2011late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its quarterly report would be filed late.
23 May 2011quarterly activities report● Neutral
U.S. RARE EARTHS, INC reported quarterly revenue of $488 thousand for the period ended 2011-03-31.
17 May 2011late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its quarterly report would be filed late.
8 Apr 2011securities registration● Neutral
U.S. RARE EARTHS, INC filed notice of an exempt private placement.
31 Mar 2011late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its annual report would be filed late.
16 Dec 2010asset acquisition disposition● NeutralMajor
Calypso agreed to acquire Seaglass Holding Corp., which owns about 37 mining claims in Gunnison and Fremont counties and two leases in Custer County, Colorado, aimed at possible rare earth deposits. It issued 5,900,000 unregistered shares (about 54% of the company afterwards) to Seaglass holders, and will rename itself Colorado Rare Earths, Inc., expected in late January 2011. Seaglass principals Edward Cowle and H. Deworth Williams were each about 12% holders of Calypso, so this was a related-party deal, which the company says it investigated independently. Harvey Kaye and Daniel McGroarty joined the board. The company says it intends to keep the advertising business, so this is a diversification into mining after the failed WebiMax deal.
16 Nov 2010late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its quarterly report would be filed late.
16 Nov 2010quarterly activities report▼ Bad
U.S. RARE EARTHS, INC reported quarterly revenue of $1.1 million and a net loss of $18 thousand for the period ended 2010-09-30.
12 Nov 2010material agreement termination● NeutralMajor
Calypso and WebiMax mutually agreed on November 10, 2010 to terminate the acquisition agreement, which ends the deal announced in September. No securities were issued or cash paid, there are no ongoing obligations or penalties, and the private placement was cancelled with no securities sold.
16 Sept 2010material agreement● NeutralMajor
On September 10, 2010 Calypso agreed to buy WebiMax, L.L.C., a New Jersey search engine optimization firm, for 3,500,000 common shares, 10,000 Series A convertible preferred shares (each puttable back to Calypso at $100) and $2,500,000 in cash. Closing depended on Calypso raising at least $2,500,000 in a private placement within sixty days, and WebiMax's founder Kenneth Wisnefski would join the board at closing.
16 Aug 2010quarterly activities report● Neutral
U.S. RARE EARTHS, INC reported quarterly revenue of $1.0 million and net income of $143 thousand for the period ended 2010-06-30.
31 Mar 2010late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its annual report would be filed late.
17 Nov 2009late filing notice▼ Bad
U.S. RARE EARTHS, INC notified the SEC that its quarterly report would be filed late.
24 Sept 2009auditor change● Neutral
On September 22, 2009 Calypso dismissed Seale and Beers, hired just over six weeks earlier, and engaged GBH CPAs, PC as its new auditor. Seale and Beers had done no audit or accounting work and issued no reports, and the filing reports no disagreements.
3 Sept 2009auditor change▼ Bad
This amendment reports that on August 27, 2009 the PCAOB revoked Moore & Associates' registration and barred Michael J. Moore from the audit profession. As a result Calypso cannot include Moore's audit reports or consents in SEC filings made on or after that date, and the board will consider what further action is needed. Moore declined to provide the usual letter agreeing with the company's statements. Because Moore audited earlier years, this could create a need for re-audit work (inference).
7 Aug 2009auditor change● Neutral
On August 7, 2009 the board dismissed auditor Moore & Associates, Chartered and hired Seale and Beers, CPAs. The filing reports no disagreements and no adverse opinions from Moore in the past two years.
16 Jan 2009director interest notice● Neutral
Michael D Parnell became a U.S. RARE EARTHS, INC Chief Executive Officer and company insider (initial ownership filing).
16 Jan 2009director interest notice● Neutral
Matthew J Hoff became a U.S. RARE EARTHS, INC 10%+ owner and company insider (initial ownership filing).
16 Jan 2009director interest notice● Neutral
Timothy Young became a U.S. RARE EARTHS, INC director and company insider (initial ownership filing).
16 Jan 2009director interest notice● Neutral
Greg Welteroth became a U.S. RARE EARTHS, INC 10%+ owner and company insider (initial ownership filing).
31 Dec 2008securities registration● Neutral
U.S. RARE EARTHS, INC filed the final prospectus for a registered offering.
16 Dec 2008securities registration● Neutral
U.S. RARE EARTHS, INC amended a filing by which it registered a securities offering with the SEC.
21 Nov 2008securities registration● Neutral
U.S. RARE EARTHS, INC amended a filing by which it registered a securities offering with the SEC.
17 Oct 2008securities registration● Neutral
U.S. RARE EARTHS, INC amended a filing by which it registered a securities offering with the SEC.