The previous officers of SMPP were Joseph Bartel and David Price. Julienne Audette took over on 6/29/10.
History - Joseph Bartel has been involved with at least 9 publicly trading companies and with 7 of these publicly trading companies the only thing he ever filed with the SEC was a Form 15. The other companies like, SMPP, he didn't file anything.
China Container Holdings Limited MB Tech Inc Sunset Brands, Inc Media Pal Holdings Corp Strategic Management & Opportunity Corp Strategic Rare Earth Minerals Inc Global National Communications Corp April Energy Inc Emerging Holdings Inc
Looks like the company issued and sold a whole lot of shares in a very short amount of time right after Audette took over.
On 7/14/10 they raised the authorized share count from 500,000,000 to 5,000,000,000. An increase of 4.5 billion all in one shot.
Just days later the registered agent resigned.
By 3 short months later on October 20, 2010 they were already up to 3,880,794,361 outstanding shares. An increase of around 3.4 billion shares in only 3 months.
By this point the company had filed nothing ever in its decade long history.
In November 2010 they filed their initial disclosure statement and an attorney letter.
Since November 2010 they have added a new registered agent (actually it looks like Paracorp Incorporated just came back again) and are now 8 days late filing their annual report with the state of Nevada.
From the disclosure statement:
Julienne Audette – Chief Executive Officer and Chairman of the Board of the Directors owns 2,382,000,000 shares of common stock of Strategic Management & Opportunity Corporation (47.5% of the total issued and outstanding of Strategic Management & Opportunity Corporation)
Wonder what she got all those shares for? They give us absolutely no disclosure about it in the filings.
If they went through 3.4 billion shares in 3 months it makes me wonder how close they must be now to maxing out those 5 billion authorized shares especially since another 3 1/2 months have passed since October 20, 2010. I'd say that makes a new authorized share increase or a reverse split in the not too distant future a possibility.
Most current share count I could find was 4,821,218.178 outstanding shares on 2/24/11. So they are getting very very close to maxing out.
Mr. Christopher K. Davies Founded Atlas Capital Holdings, Inc. (Micro Mammoth Solutions Inc.) and has been its Chairman, Chief Executive Officer, President since December 9, 2009 and serves as its Principal Accounting Officer. Mr. Davies devotes his time to running several operations in addition to ALCL. Mr. Davies professional career spans in excess of 20 years in the finance and securities arena. He is a founding member of Atlas Capital Partners, LLC. Prior to joining ... Atlas Capital Partners, Mr. Davies served as the Senior Managing Attorney and Assistant Corporate Secretary for Office Depot, Inc. Mr. Davies has led Office Depot's corporate finance and securities transactions and compliance activities. Prior to joining Office Depot, Mr. Davies represented some of the largest companies and financial institutions in the U.S and overseas at the law firm of Kirkpatrick & Lockhart, Nicholson, Graham. Mr. Davies received his J.D. from the University of Notre Dame Law School and his undergraduate degree from Southern Illinois University at Carbondale.
SMPP has been pretty active on the press release front in recent months:
Mar 1, 2011 Strategic Management & Opportunity Corporation Teams Up With WhidbeyLocal.com for Its March 7, 2011 Launch
Feb 24, 2011 Strategic Management & Opportunity Corporation LOI and NDA Agreements With Tribe Studios
Jan 10, 2011 Strategic Management & Opportunity Corporation Announces Completion Date for Video Sales Platform Integration Toward Final Launch
Dec 22, 2010 Strategic Management & Opportunity Corporation Launches VSPConx.com as Its Online Demo Website
Dec 13, 2010 Strategic Management & Opportunity Corporation Announces Common Stock Dividend for Shareholders
Looks like the pink sheets has a Ex-Date of 1/19/11 for the Dividend and a Record Date of 2/22/11
A poster gave an updated share count from the TA after the Dividend of 4,821,218.178 outstanding shares on 2/24/11
Not really sure what the status is on the LOI they PR'ed about. What would they use to pay another company with? They have no cash and their share count is very close to maxed out.
The DTC Suspended Settlement Services for SMPP on 2/3/11: