14 Nov 2016quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $194 thousand for the period ended 2016-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2016quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $73 thousand for the period ended 2016-03-31.
10 May 2016auditor change● Neutral
Verde's Hong Kong auditor AWC merged with Dominic K.F. Chan & Co. to form DCAW, which Verde then engaged as its new auditor - a routine firm-consolidation change with no disagreements.
16 Feb 2016quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $205 thousand for the period ended 2015-12-31.
10 Feb 2016business combination● Neutral
Verde reshuffled its leadership: President and director Wu Ming Ding resigned, with existing CFO Balakrishnan B S Muthu stepping up to President, and Singapore investor Chen Ching (of C&K Holdings) joining the board. No new party took control - ownership stayed split among several holders in the 5-12% range.
23 Nov 2015quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $363 thousand for the period ended 2015-09-30.
13 Nov 2015late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
25 Sept 2015late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its annual report would be filed late.
15 May 2015quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $294 thousand for the period ended 2015-03-31.
13 Feb 2015quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $375 thousand for the period ended 2014-12-31.
19 Nov 2014quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $391 thousand for the period ended 2014-09-30.
13 Nov 2014late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
5 Sept 2014director interest notice● Neutral
VERDE RESOURCES, INC. insider Kukulcan Diversified Corp. sold 500,000 shares at $10000.00.
4 Sept 2014director interest notice● Neutral
VERDE RESOURCES, INC. insider Michael Stiege sold 500,000 shares at $10000.00.
4 Sept 2014director interest notice● Neutral
VERDE RESOURCES, INC. insider Stephen Spalding sold 2,000,000 shares at $25000.00.
20 May 2014quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $207 thousand for the period ended 2014-03-31.
15 May 2014late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
4 Apr 2014asset acquisition disposition▲ GoodMajor
Verde's subsidiary Gold Billion Global Limited exercised its option to buy the full 85% equity stake in Champmark Sdn Bhd, the company that actually operates the Merapoh gold mine, for a nominal $1 - converting Verde's earlier management-rights arrangement into direct ownership of the mine operator.
2 Apr 2014auditor change● Neutral
Verde filed a second round of SEC-requested clarifications on the same Albert Wong & Co. auditor engagement, adding detail with no change in substance.
12 Mar 2014auditor change● Neutral
Responding to an SEC comment letter, Verde clarified its auditor-change disclosures and confirmed it hired Albert Wong & Co. of Hong Kong to audit the new Malaysian mining subsidiary's books - a procedural cleanup, not new news.
21 Feb 2014quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $326 thousand for the period ended 2013-12-31.
20 Feb 2014asset acquisition disposition▲ GoodMajor
Verde completed the Merapoh takeover: its new subsidiary Gold Billion Global Limited took over Federal Mining Resources' management rights in Champmark Sdn Bhd, the Malaysian contractor that actually operates the Merapoh mine site under a permit held by MMC Corporation Berhad. Verde's headquarters moved to Hong Kong, and it dismissed its US auditor as it transitioned to majority Asian ownership and management.
14 Feb 2014late filing notice▼ Bad
VERDE RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
14 Nov 2013quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported a quarterly net loss of $8 thousand for the period ended 2013-09-30.
28 Oct 2013capital raising announcement▲ GoodMajor
The reverse merger's first concrete step: Federal Mining Resources assigned Verde management rights over Champmark Sdn Bhd, the Malaysian contractor operating the Merapoh Gold Mine, in exchange for 80 million Verde shares - while Verde simultaneously cancelled its old Nevada gold-claims purchase agreement, formally ending its original mining-shell business.
4 Oct 2013business combination▲ GoodMajor
Verde struck a much bigger version of the Merapoh gold mine deal: Federal Mining Resources Ltd. (via its subsidiary, also confusingly named Gold Billions) will take 100% of the mine's operating rights in exchange for 80 million new Verde shares - 95% of the company - triggering a full change of control. Founders Stephen Spalding and Michael Stiege will resign, replaced by Wu Ming Ding, Balakrishnan B S Muthu and Liang Wai Keen.
8 July 2013material agreement▼ BadMajor
The Merapoh gold mine deal with Gold Billion Global Limited fell apart within weeks: the promised cash deposit never arrived, so Verde terminated the agreement, returned the escrowed shares to treasury, and gave back the mining interest.
17 June 2013material agreement▲ GoodMajor
Looking for a real project, Verde agreed to issue 10 million escrowed shares to Gold Billion Global Limited in exchange for a 10% interest in the Merapoh Gold Mine in Pahang, Malaysia, pending a cash deposit into the company - its first move toward becoming a Malaysian gold miner.
23 May 2013material agreement● Neutral
Verde again renegotiated its small Nevada mineral-claim payments with Gold Explorations, stretching a $10,000 installment into monthly payments - a sign the shell was still operating on a shoestring.
14 May 2013quarterly activities report▼ Bad
VERDE RESOURCES, INC. reported quarterly revenue of $0 and a net loss of $8 thousand for the period ended 2013-03-31.