This is a deal that Charles put together with ssta .. you can see that we were going to profit as shareholders .. And when ssta did not come through with the deal as printed . Instead of taking the money and running. Charles halted the transaction and saved are shares, If you research this you will find that ssta, tried to get a 1 in 100 reverse split out of the shareholders. It was a very intersting time to say the least. My point being and why i believe this is relative, is that Charles had an chance to cash in and run,but did not.
Here is the release to shareholders maybe it will set your mind at ease ..Just a little
To the Shareholders of MOP Environmental
On November 26, 2008, we completed an asset purchase transaction with Silver Star Capital Holdings Inc. This transaction included the transfer of certain rights and obligations under an Intellectual Property License and Option Agreement
for the manufacture and sale of MOP Maximum Oil Pickup. Included in the transaction we sold machinery and equipment used to produce MOP and, in consideration of these assets, our shareholders will receive one share of Silver Star Capital Holdings common stock (OTC: SSTA) for every seven shares of MOP Environmental Solutions common stock owned as at the transaction date (October 16, 2008).
The shares of common stock which you will be receiving are the result of an issuance made as payment for the assets purchased by Silver Star Capital Holdings, not an exchange. You retain your respective ownership interests in the company as shareholders of MOP Environmental Solutions.
Going forward, we plan to focus on the production and sale of energy
derived from the oil recovered from used MOP products (“Oil Saturated MOP”). In this pursuit we will be working directly with ECO-Science & Technology Inc., a wholly owned subsidiary of Silver Star Capital Holdings engaged in the manufacture, distribution and sale of MOP products and equipment. We estimate that energy produced from Oil Saturated MOP will generate revenues in excess of $1 million within the next 12 months of operations.
In addition, management plans to acquire Bath Electric Power Company (BEPCO), an independent hydro-electric power plant located in Bath, New Hampshire in a transaction valued at approximately $3.2 million.
The transaction with Silver Star Capital Holdings and the acquisition of BEPCO is consistent with a newly adopted business strategy which seeks restructure the company as a producer of GREEN electric energy and alternative GREEN fuels derived from waste materials otherwise destined for landfills.
We are excited about our opportunities as an energy company utilizing innovative and thoroughly proven technology. Our business proposition presents a wide range of benefits surpassing any presently known alternative for producing low cost GREEN fuel and energy, and will create significant value for all of our stakeholders.
For additional information or questions, please feel free to contact me by email at: mop@mopenvironmental.com
Yours faithfully,
Charles Diamond
President
