Past year: ▼ 26%(23.0c – 80.7c USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Feb 2007debt financing● Neutral
LegalPlay outsourced its own administration, hiring Pelican Financial Corp and Impulse Advertising Inc. for a combined $7,500/month to handle SEC compliance, investor relations and bookkeeping -- consistent with a company with no real operating staff of its own.
21 Nov 2006auditor change▼ Bad
An amended filing records that on July 20, 2006 LegalPlay's board dropped its auditor Amisano Hanson and hired Dale Matheson Carr-Hilton Labonte. The company says there were no disagreements and the change was not about performance, though Amisano Hanson's reports for 2004 and 2005 carried a going-concern warning. This continues the pattern of auditor turnover begun in 2005.
14 Aug 2006auditor change● Neutral
LegalPlay dismissed Amisano Hanson and hired Dale Matheson Carr-Hilton Labonte as auditor, continuing the shell's pattern of frequent accountant turnover.
31 Aug 2005debt financing▼ Bad
LegalPlay signed a CDN$33,000 note payable to its own former auditor, Pannell Kerr Forster, for unpaid audit fees -- another sign the shell was chronically short of cash.
10 Aug 2005asset acquisition disposition▲ GoodMajor
The poker.com domain and trademark dispute was resolved: Communication Services Inc. paid $435,000 into trust to settle with LegalPlay and Uninet, and LegalPlay received $42,000 cash plus 250,000 of its own shares back.
11 July 2005debt financing▼ Bad
LegalPlay borrowed $10,000 as an advance against its still-pending Ala Corp settlement, a sign of tight cash while the poker.com domain dispute dragged on.
20 June 2005listing compliance notice● Neutral
LegalPlay filed an amendment to its March 21, 2005 Form 15 deregistration, withdrawing the certification that ended its SEC reporting. This reverses the March 2005 deregistration, so the company stays a reporting company. The filing gives no reason.
21 Mar 2005listing compliance notice▼ BadMajor
VIKING ENERGY GROUP, INC. deregistered its securities, ending its obligation to file reports with the SEC.
16 Feb 2005auditor change● Neutral
LegalPlay dismissed its auditor Pannell Kerr Forster (no dispute cited) and hired Amisano Hanson -- the first of what became a recurring pattern of small-shell auditor turnover.
12 Nov 2004material agreement● Neutral
LegalPlay agreed to pay litigation firm Uninet Technologies with a stake in the poker.com URL (up to 90%) to keep prosecuting the company's legal fight with Ala Corp and Communication Services Inc. over rights to the domain and trademark.
9 Feb 2004asset acquisition disposition● Neutral
LegalPlay signed a non-binding letter of intent to merge with GamblingVision Group Inc., a private Nevada corporation, in a stock-for-stock reverse merger that would have made GamblingVision the surviving business -- the deal did not appear in later filings and likely lapsed.
31 Oct 2003asset acquisition disposition● Neutral
The company, now renamed LegalPlay Entertainment Inc., pivoted away from poker technology to buy horse-handicapping software from Richmedia Technology for $20,000, launching a horse-racing prediction portal (DailyHorse.com).
11 Apr 2003asset acquisition disposition● Neutral
Poker.com terminated an unrelated software license with Trimon Systems, judging it a poor return -- narrowing its focus to the skill-poker line acquired weeks earlier.
9 Apr 2003asset acquisition disposition● Neutral
Poker.com licensed additional skill-poker technology from Pokersoft Corporation for $30,000 and 3,000,000 shares, expanding on the February patent purchase.
20 Feb 2003asset acquisition disposition● Neutral
As Poker.com Inc., a small Vancouver-based shell (incorporated 1989), the company bought a skill-poker patent application and domain names from a Swiss firm for $50,000 cash and 3,000,000 shares -- its first identifiable business line.
