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Whitemark Homes, Inc.(fka WTMK) RSS Feed

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FORM 10-K

For the fiscal year ended December 31,  2011

Whitemark Homes, Inc.

ITEM 1.   DESCRIPTION OF BUSINESS

The current business plan of the Company is to locate and complete a reorganization or acquisition agreement with a business entity.  The transaction will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange.  In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended.


ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
 
The only class of equity securities authorized by the Company's Articles of Incorporation, as amended, is 100,000,000 shares common stock, $0.001 par value per share. As of the date of this report, there are 97,962,131 shares of common stock outstanding.  WTMK has ten outstanding notes payable in the aggregate principal amount of $271,386 as of December 31, 2011.  One $80,000 note bears no interest and is convertible at $0.001 per share.  $127,492 of the outstanding notes is convertible into common stock at the average of the three lowest trading prices for the common stock over the 20 trading days prior to a notice of conversion.  The Company cannot at present honor any conversion rights as of the date of this filing as it does not have sufficient authorized and unissued common stock to complete any conversions.  It is our intent to hold a shareholder meeting as soon as possible to request authorization for a reverse split of the outstanding common stock and an increase in the number of authorized common stock to 500,000,000 shares.

Last 10Q filing dated Sept. 30, 2012
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8906839

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes      No  o
 
State the number of shares outstanding of each of the registrant’s classes of common equity, as of the latest practicable date: 97,962,131 shares of common stock as of October 26, 2012.

Notice in the latest 10Q filing that ITEM 5.Part II  from the 2011 10K above has been removed

Item 5.      Other Information
 
     None


Item 2.   Management's Discussion and Analysis of Financial Condition and Results of Operation

The Company has been inactive for the past several years.  The Company has no means to generate any revenue. The Company is pursuing business opportunities, including merger opportunities with other businesses which may result in a reverse-take-over of the Company.  However, there is no guarantee that the Company will be successful in these endeavors.

Under NOTE 1,...
These common stock equivalents may be dilutive in the future The Company’s authorized number of shares of common stock is limited to 100,000,000 common shares and 97,962,131 common shares were outstanding at September 30, 2012; only 2,037,869 additional shares are authorized for issuance as of September 30, 2012.
 


Reinstatement form link dated 5/08/2014
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20141294754&masterFileId=19871290199 

Colorado Secretary of State now shows it in good standing
http://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityCriteriaExt&fileId=19871290199&masterFileId=

Website no longer active 
http://www.whitemarkhomes.com/ 

Principal address on reinstatement 
677 North Washington Blvd Sarasota, FL 
executive suites located there 
http://www.sarasotaexecutivesuites.com/ 
Many businesses at this address, including another OTCbb company 

Legal counsel listed at OTCMarkets
http://www.otcmarkets.com/stock/WTMK/profile

Legal Counsel
K&L Gates LLP
200 South Biscayne Blvd,
Suite 3900
Miami, FL, 33131
United States

Lawfirm on reinstatement form 
http://en.wikipedia.org/wiki/K&L_Gates 
K&L Gates LLP is a US-based international law firm with offices in Asia, Australia, Europe, the Middle East, South America, and the United States.[3] It is the 8th largest law firm in the United States [4] and the 11th largest among law firms worldwide.[5] The company has been described as "a lobbying firm that represents the hi-tech and energy sectors" and in the past has hired former legislators favorably inclined towards their clients.[6]


name/attny on the reinstatement form 

http://www.klgates.com/clayton-e-parker/#representativework 

Dealmaker of the year in 2011 http://www.avvo.com/attorneys/33131-fl-clayton-parker-1262218.html 

from 2013
http://www.dailybusinessreview.com/id=1202612044280/K 

Quote:

Daily Business Review 
July 24, 2013 K&L Gates trio needs only a month to close Brightstar transactions totaling $1.42 billion 

Clayton Parker, David Baghdassarian and Christopher Tillson increased Brightstar's asset-based credit facility from $600 million to $1.32 billion and negotiated a $100 million letter of credit from banks led by Deutsche Bank. 



OTC market info 
http://www.otcmarkets.com/stock/WTMK/profile 

most recent share structure listed at otcmarkets 
WTMK Security Details 
Share Structure 
Market Value1 $146,943 a/o May 08, 2014 
Shares Outstanding 97,962,131 a/o Oct 26, 2012 
Float Not Available 
Authorized Shares 100,000,000 a/o Nov 20, 2009 
Par Value 0.001 

 

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