CBMJ
Conservative Broadcast Media & Journalism Inc.0.0274
-0.0014-4.78%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
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Last Quarter (Q3 '25)
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Key Stats
Market Cap
1.67MP/E (TTM)
-Basic EPS (TTM)
-0.14Dividend Yield
0%Recent Filings
10-Q
Q2 FY2011 results
Crownbutte Wind Power narrowed its Q2 net loss to $731,534 from $1,485,359 a year earlier, thanks to a $911,943 gain on derivative instruments that offset higher general and administrative expenses of $1,525,539, up from $1,189,594 y/y. Operating losses widened slightly to $1,531,790 q/q (derived), driven by stock-based compensation for warrants. No revenues yet, as the firm advances 638 MW of wind projects, with two 20 MW sites nearing interconnection agreements this year under MISO queue. Cash climbed to $25,082 on $427,175 in stockholder financing, including a novel $330,000 convertible note swap for a $300,000 secured note from an investor, though derivative liabilities ballooned to $2,357,309. Stockholder loans total $614,538, with $409,538 new this period. Litigation lingers with Stradley over $63,026 in unpaid fees, risking project deposits if payments falter. Losses mount.
8-K
Convertible note deal signed
Crownbutte Wind Power executed a $330,000 Convertible Promissory Note with a single institutional investor on May 23, 2011, in exchange for the investor's $300,000 Secured Note, kicking off potential funding up to $2.8 million over years if wind projects advance. The note carries a 6% one-time interest, matures in three years, and converts at 75% of the lowest 30-day trade price, capped to keep the holder under 4.9% ownership. This cross-collateralized deal secures cash flow for development. Yet risks loom if conversions snag or further deals falter.
10-Q
Q1 FY2011 results
Crownbutte Wind Power narrowed its net loss to $121,102 for Q1 2011 ended March 31, from $361,494 a year earlier, thanks to operating expenses dropping 59% year-over-year to $115,184, driven by lower general and administrative costs. No revenues yet, as the wind developer focuses on advancing 638 MW of projects, with two 20 MW sites in Elgin, ND, and Wibaux, MT, nearing interconnection agreements this year under MISO queue. Cash inched up to $109 from $18, fueled by $86,687 in stockholder loans, while net cash used in operations eased to $79,233 from $406,638; free cash flow not disclosed in the 10-Q. Stock conversions settled $148,333 in payables, but a $73,526 consent judgment with Stradley ties up liquidity via monthly $3,500 payments and 500,000 shares. Losses persist. Ongoing litigation risks forfeiting key project deposits.
8-K
Simons resigns from board, COO
CrownButte Wind Power's director and COO Timothy H. Simons resigned on April 22, 2011, citing retirement, with his officer role ending May 31. No disagreements marked his exit from the board, where he held no committee seats. The company disclosed the move without operational friction. Smooth transition ahead.
10-K
FY2010 results
Crownbutte Wind Power reported no revenue for FY2010 ended December 31, 2010, with net losses widening to $2.28 million from $1.82 million in 2009, driven by a 75% surge in wind project development costs to $1.20 million amid ongoing pipeline advancement, while general and administrative expenses rose modestly 8% to $1.97 million on higher legal fees offsetting cuts in executive pay. Q4 momentum faltered with persistent cash burn of $428,000 annually and working capital deficit ballooning to $1.25 million, yet interconnect deposits climbed to $192,000 signaling progress on key 20 MW projects like Gascoyne I, Elgin, and Wibaux targeting construction in fall 2011. No free cash flow disclosed; liquidity hinged on $378,000 from stock sales and loans, but mounting payables underscored financing strains. No annual guidance issued, though 638 MW pipeline eyes 20 MW operational by end-2011 subject to funding. Transmission constraints threaten quarterly delays.
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