Past year: ▼ 32%(10.0c – 1.80 USD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Nov 2011debt financing▼ BadMajor
On November 15, 2011 the company borrowed $300,000 from BOCO Investments, already a shareholder and the lender behind the earlier Terra notes. The note is secured by company assets, due in six months at 12% interest, convertible to stock at a discount at BOCO's choice, and comes with a warrant for 200,000 shares at $4.00 expiring November 15, 2021. It adds secured debt and operating restrictions, continuing the company's reliance on BOCO.
15 Nov 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. amended a filing by which it registered a securities offering with the SEC.
31 Oct 2011director interest notice● Neutral
Kevin Michael Cassidy became a WESTMOUNTAIN GOLD, INC. director and company insider (initial ownership filing).
21 Oct 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. filed notice of an exempt private placement.
18 Oct 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. amended a filing by which it registered a securities offering with the SEC.
9 Sept 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. registered a securities offering with the SEC.
8 Sept 2011quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $0 and a net loss of $996 thousand for the period ended 2011-07-31.
1 Sept 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. filed notice of an exempt private placement.
26 Aug 2011substantial holder notice● Neutral
Capital Peak Partners LLC reported a WESTMOUNTAIN GOLD, INC. shareholding of 2,350,000 shares (9.70% of votes) in a periodic institutional filing.
26 Aug 2011substantial holder notice● Neutral
James Baughman reported a WESTMOUNTAIN GOLD, INC. shareholding of 2,702,500 shares (11.10% of votes) in a periodic institutional filing.
26 Aug 2011substantial holder notice● Neutral
Gregory Schifrin reported a WESTMOUNTAIN GOLD, INC. shareholding of 3,988,750 shares (16.40% of votes) in a periodic institutional filing.
17 Aug 2011listing compliance notice▼ Bad
WESTMOUNTAIN GOLD, INC. withdrew a registration statement, abandoning the offering it covered.
12 Aug 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. registered a securities offering with the SEC.
15 June 2011securities registration● Neutral
WESTMOUNTAIN GOLD, INC. filed notice of an exempt private placement.
20 May 2011quarterly activities report▼ Bad
WESTMOUNTAIN GOLD, INC. reported quarterly revenue of $0 and a net loss of $1.1 million for the period ended 2011-04-30.
16 May 2011late filing notice▼ Bad
WESTMOUNTAIN GOLD, INC. notified the SEC that its quarterly report would be filed late.
18 Apr 2011auditor change● Neutral
On April 15, 2011 the company dismissed its auditor Cordovano and Honeck LLP and hired PMB Helin Donovan LLP for the year ending December 31, 2011. The dismissed firm's reports for 2009 and 2010 carried a going-concern warning, and the filing reports no disagreements. The filing does not state why the change was made; it follows the change of management and business in early 2011.
18 Apr 2011material agreement▼ Bad
On April 7, 2011 the company signed a two-year services agreement with Logic International Consulting Group for advisory services, paying $30,000 initially and then $40,000 a month, and issued Logic a warrant for 1,200,000 shares at $1.00 expiring April 6, 2014. This adds a fixed monthly cost and more potential dilution after the Terra Mining acquisition.
15 Mar 2011substantial holder notice● Neutral
Capital Peak Partners LLC disclosed a new substantial WESTMOUNTAIN GOLD, INC. shareholding (10.80% of votes).
15 Mar 2011substantial holder notice● Neutral
BOCO Investment, LLC, WestMountain Prime, LLC, Pat Stryker Living Trust, dated October, Pat Stryker disclosed a new substantial WESTMOUNTAIN GOLD, INC. shareholding (18.59% of votes).
15 Mar 2011business combination● NeutralMajor
This information statement confirms a change in control after the Terra Mining deal: Gregory Schifrin (CEO) and James Baughman (COO) hold over 51% of the 11,852,313 outstanding shares (about 39.4% fully diluted, with 16,577,313 shares including warrants). Sole director Brian Klemsz is to resign and Schifrin and Baughman become the board, effective ten days after mailing; Mark Scott is CFO and Secretary. It continues the March 2011 acquisition story and says the company plans to add up to three independent directors.
15 Mar 2011director interest notice● Neutral
WESTMOUNTAIN GOLD, INC. 10%+ owner Boco Investments LLC bought 1,100,000 shares on the open market.
14 Mar 2011substantial holder notice● Neutral
James Baughman disclosed a new substantial WESTMOUNTAIN GOLD, INC. shareholding (15.70% of votes).
14 Mar 2011substantial holder notice● Neutral
Gregory Schifrin disclosed a new substantial WESTMOUNTAIN GOLD, INC. shareholding (23.60% of votes).
7 Mar 2011director interest notice● Neutral
Gregory L Schifrin became a WESTMOUNTAIN GOLD, INC. CEO and company insider (initial ownership filing).
4 Mar 2011business combination● NeutralMajor
The company (filing as WestMountain Index Advisor) closed its acquisition of Terra Mining Corporation and its subsidiary Terra Gold Corporation on February 28, 2011, issuing 1,500,000 restricted shares for Terra Mining and taking on $500,000 of BOCO debt for Terra Gold. Terra Mining holds 240 Alaska state mining claims (about 130 sq km) with 168,000 oz of inferred gold. The company also issued 5,000,000 shares for further Alaska claims, converted BOCO's $500,000 of notes into 1,000,000 shares plus a warrant for 1,000,000 shares at $0.001, and agreed to private placements of $630,000 (1,260,000 shares) and $370,000 (740,000 shares) at about $0.50. This changes the company from its earlier index-advisory business to gold exploration, with heavy new share issuance. The filing text was truncated, so remaining consulting terms are not covered.
2 Mar 2011director interest notice● Neutral
Mark E Scott became a WESTMOUNTAIN GOLD, INC. CFO and company insider (initial ownership filing).
2 Mar 2011director interest notice● Neutral
Sarmat, LLC became a WESTMOUNTAIN GOLD, INC. CEO and company insider (initial ownership filing).
2 Mar 2011director interest notice● Neutral
James G. Baughman became a WESTMOUNTAIN GOLD, INC. COO and company insider (initial ownership filing).
1 Mar 2011director interest notice● Neutral
WESTMOUNTAIN GOLD, INC. Treasurer and CFO Joni K Troska bought 25,000 shares on the open market at $0.00.
