Woldumar, thanks for that gem of non-information, the good people at MOP have 1 million shares of SSTA to distribute - why haven't they done it?? What part of the transaction does Mr. Crowley not understand? Does MOP have the 1 million shares or is SSTA not telling the truth? Someone is not being straight with the shareholders. Take a look at the following from SSTA - pretty straight forward stuff and it clearly says the shares were issued to MOP - but still no transfer to the shareholders---why? Blah, blah, blah, promises, promises - NO ACTION...
"...The details of the asset purchase transaction are explained in our Current Report on Form 8-K dated November 28, 2008. Basically, Silver Star Capital Holdings, Inc. (“SSCH”) purchased the “business assets” of MOP Environmental Solutions, Inc. (“MESI”). These business assets consisted of the Intellectual Property License and Option Agreement to manufacture and sell MOP Maximum Oil Pickup products, the machinery used to manufacture those products and certain other equipment such as the MOP Canon. We also assumed approximately $118,000 in liabilities from MESI. The actual transaction documents are included as exhibits to the Form 8-K.
SSCH paid to MESI one million shares of common stock to be allocated on a pro rata basis to the MESI shareholders. My understanding is that those shares are presently being transferred from MESI to its shareholders individually by our transfer agent. Our transfer agent is awaiting confirmation of beneficial ownership and addresses of shareholders who have shares in “street name.”
The transaction was approved by a voting majority of the MESI shareholders and there was a general notice posted to the MESI website. As MESI is non-reporting, shareholders were advised to review our filings for detailed information. As a shareholder of our company, please feel free to contact me with any questions you may have.
Best regards,
Cliffe Bodden
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