14 Sept 2017listing compliance notice▼ BadMajor
UNEEQO, INC. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2016material agreement● NeutralMajor
On June 10, 2016, the company (now UNEEQO, INC., with Barend Chris Greyling as President and CEO) and its new wholly-owned UK subsidiary Uneeqo, Ltd. signed a software license with ABCG Holdings, Ltd. for a product called "Nativ Communications". The license is perpetual, exclusive and worldwide, costs $1.00, has an initial two-year term with automatic two-year renewals, and gives the subsidiary a right of first refusal and an option to buy the software, with a price set by an independent valuation and payable in cash and/or securities. Greyling owns 38% of ABCG and is its CEO and director, so this is a related-party deal. The filing also says Uneeqo, Ltd. was formed on June 1, 2016. This is the first business described since the WeedWeb unwinding.
5 May 2015asset acquisition disposition● NeutralMajor
Effective April 29, 2015, the company signed a settlement with WeedWeb Inc and its controlling holder Mary Kay Tantum to unwind the June 30, 2014 share exchange, citing lack of performance and lack of the required consideration. WeedWeb stops being a subsidiary (the company returns 10,000,000 WeedWeb shares to its former holders), the former WeedWeb holders return 30,000,000 company shares, and the company will change its name from WeedWeb, Inc. back to Kore Resources, Inc. This reverses the 2014 reverse acquisition and the planned WeedWeb name change; the filing does not say what business the company has afterwards.
24 Mar 2015business combination● Neutral
Amendment No. 5 repeats the Amendment No. 4 text on the Tantum/Level Up relationship and the WeedWeb deal terms; no new facts are visible in the portion provided. The inconsistency over whether 10,000,000 or 15,000,000 shares went to WeedWeb or Tantum remains in the text.
13 Feb 2015business combination● Neutral
Amendment No. 4 adds an explanation of relationships: Tantum and Level Up (and its principal holders) have had a business relationship for about a year, Level Up helped find early-stage capital for WeedWeb, and Tantum has never owned any of Level Up. It says the share exchange followed Tantum and Level Up's purchase of control, and that WeedWeb is treated as the accounting acquirer. Deal terms are otherwise unchanged. Note the new text says WeedWeb, Inc. received 10,000,000 company shares, while elsewhere the filing says 15,000,000 shares were issued to Tantum, an unresolved inconsistency in the filing.
21 Jan 2015business combination● Neutral
Amendment No. 3 keeps the same deal terms but adds a statement that Level Up Investments LLC was not a shareholder of WeedWeb Inc before the company acquired it. The filing also adds Item 5.03 (an amendment to company governing documents) to its item list; the visible text does not describe what that covers.
5 Jan 2015business combination● Neutral
Amendment No. 2 to the WeedWeb deal report repeats the amended account: Tantum and Level Up Investments LLC bought 60,000,000 shares from Young Ju Yi for $30,000 on June 18, 2014 (a change in control), 15,000,000 shares were issued to Tantum for WeedWeb, 110,000,000 shares were outstanding before the exchange, and Craigstone had bought 750,000 shares for $75,000. The visible text adds no new deal terms beyond the earlier amendment; it still omits the $50,000 cash payment and still says a name change to WeedWeb Inc is intended.
17 Nov 2014business combination● NeutralMajor
An amended account of the WeedWeb deal adds that on June 18, 2014 Mary Kay Tantum and Level Up Investments LLC bought 60,000,000 shares from Young Ju Yi for $30,000 (30,000,000 each), a change in control. After the WeedWeb exchange (15,000,000 shares issued to Tantum), they together held 75,000,000 shares, and 110,000,000 shares were outstanding before the transaction. It also discloses a September 1, 2014 funding agreement with Craigstone Ltd. to buy up to 2,500,000 shares at $0.10 each, of which 750,000 shares had been bought for $75,000, and it drops the $50,000 cash payment mentioned in the original 8-K.
20 Oct 2014auditor change● Neutral
A third amendment describes the change as the company dismissing Anton & Chia, LLP on August 15, 2014 with board approval, reversing the resignation wording of the earlier amendments. Malone Bailey is still the new auditor, the going concern paragraphs are repeated, and the auditor's letter is filed with this version.
25 Sept 2014auditor change● Neutral
A second amendment repeats the auditor change disclosure (Anton & Chia resignation, Malone Bailey engaged, going concern paragraphs in the 2013 and 2012 reports), with the auditor's letter marked as previously filed. No new facts beyond tidying the wording.
23 Sept 2014auditor change● Neutral
This amendment restates the auditor change, now saying Anton & Chia, LLP resigned effective August 15, 2014 (the original 8-K said the company dismissed it). It adds that Anton & Chia's reports for 2013 and 2012 each contained going concern paragraphs, and attaches the auditor's letter.
8 Sept 2014asset acquisition disposition● NeutralMajor
The company (Kore Resources) says it acquired WeedWeb Inc, a private Nevada company, in a share exchange, issuing 15,000,000 new shares plus $50,000 cash, and handed its mining business and assets to Young Ju Yi. It is no longer pursuing mining and will instead run WeedWeb's cannabis-industry information business, with Matthew Killeen as CEO and President and Mary Kathryn Tantum as Vice President; this follows the June 2014 termination of the CPG Claims lease. It says it intends to change its name to WeedWeb Inc, and for accounting purposes WeedWeb is treated as the acquirer.
8 Sept 2014auditor change● Neutral
The company says that on August 15, 2014 it dismissed its auditor Anton & Chia, LLP and engaged Malone Bailey, LLP for the 2014 fiscal year. It reports no disagreements or reportable events with the former auditor.
3 July 2014material agreement termination▼ BadMajor
The company (named Kore Resources, Inc. in this filing; the filer is listed as UNEEQO) gave notice on June 23, 2014 that it was ending its Lease with Option to Purchase Agreement with Claremont Nevada Mines LLC over the CPG Claims. The filing says it could not raise the funding needed to continue exploring them, will not renew the claims for September 2014 to August 2015, and incurred no penalties.