Tofla Megaline INC
Market Movers (8-K)
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TOFLA Megaline Inc. announced the immediate resignation of director Alejandro Araujo from its Board.
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Tofla Megaline Inc. received a notice of default on convertible promissory notes totaling $863,497.40, initiating a five-business-day cure period.
Worse than expected
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TOFLA Megaline Inc. announced the unexpected passing of Board Director Anthony Merchant, creating a vacancy on its board.
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Alice Group Ltd. now controls approximately 76.2% of TOFLA Megaline Inc.'s outstanding common stock after an assignment of shares from Alice Group USA LLC.
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TOFLA Megaline Inc. appoints Dilip R. Petigara as CEO, CFO, and Secretary, and welcomes Anthony Merchant and Alejandro Araujo to the Board of Directors.
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TOFLA Megaline Inc. reports a change in control with Alice Group USA LLC acquiring a majority stake, leading to the appointment of Katerine Calero as CEO, CFO, and Secretary.
Quarterly Earnings (10-Q)
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TOFLA Megaline Inc. reported a significant increase in net loss for the nine months ended April 30, 2025, raising substantial doubt about its ability to continue as a going concern, despite securing a new convertible note and undergoing management changes.
Worse than expected
Capital raise
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TOFLA Megaline Inc. reports a net loss for Q2 2025 with flat revenue and significant changes in management and board composition.
Worse than expected
Capital raise
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10-Q: Tofla Megaline Inc. Reports First Revenue in Latest Quarterly Filing, Faces Going Concern Challenges
Tofla Megaline Inc. reported its first revenue of $23,000 for the quarter ended October 31, 2024, while also acknowledging substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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TOFLA MEGALINE INC. reports a net loss of $23,371 for the nine months ended April 30, 2024, with a decrease in revenue compared to the same period in 2023.
Worse than expected
Capital raise
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TOFLA Megaline Inc. reports increased revenue for the three months ended January 31, 2024, but continues to experience a net loss for the six-month period.
Worse than expected
Capital raise
Annual Reports (10-K)
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Tofla Megaline Inc. experienced revenue growth in fiscal year 2024 but reported a net loss due to increased operating expenses.
Capital raise
Worse than expected
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Tofla Megaline Inc. has filed an amendment to its annual report to disclose the conclusions of its principal executive and financial officers regarding the effectiveness of its disclosure controls and procedures.
Capital raise
Better than expected
Insider Trading (Form 4)
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Director Katerine Calero reports the transfer of 4,500,000 shares of Tofla Megaline Inc. common stock between Alice Group USA LLC and Alice Group Ltd., both entities controlled by her, along with a purchase of 1,000 shares.
Schedule 13D - Activist Investments
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Katerine Calero, through entities she controls, has increased her beneficial ownership in Tofla Megaline Inc. to 76.2% of common stock for investment purposes.
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SCHEDULE 13D/A: Katerine Calero Discloses 76.2% Beneficial Ownership in Tofla Megaline Inc. Following Internal Share Transfer
Katerine Calero, through entities she controls, has reported beneficial ownership of 76.2% of Tofla Megaline Inc.'s common stock following an internal share assignment for no consideration.
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Katerine Calero, through Alice Group USA LLC, has acquired 4.5 million shares, representing a 76.2% controlling interest in Tofla Megaline Inc. for $590,000.
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Alice Group USA LLC has disclosed the acquisition of a 76.2% beneficial ownership stake in Tofla Megaline Inc. for $590,000.