History
A shell company that tried and dropped many ventures, was diluted by a Nevada mining deal it later reversed, and by December 2021 was buying Nevada businesses with stock.
2008-2012: A shell in search of a business
The company, then filing as Goldspan Resources, Inc., began as a small mineral explorer. In September 2008 it handed its Pepper Hope claim in British Columbia back to its former officer Jeff Wiegel, who returned his 2,500,000 shares and took on the claim's liabilities. The company said its exploration plan was no longer commercially viable and it had no new business. Alan Shinderman became sole officer and director, bought 750,000 new shares for $7,500, and the offices moved to Las Vegas.
In 2010 it chased several ideas. In February it won a 45-day chance to take 35% of a manganese mine joint venture in Cote d'Ivoire, at an estimated $8.4 million fee. In March it agreed to buy 7.5% of X9 Gold Development for $375,000, though it had no firm financing. In May it signed a non-binding letter of intent for a New York home heating oil retailer, Able Energy New York. By June 1 it ended the manganese venture after lab tests on ore samples; the fee was never paid. The filings do not report how the X9 and Able proposals ended. In April 2012 it signed a non-binding letter of intent for an option on 60% of the Golden Zone Property in Alaska, from Alix Resources.
2012-2014: The SJE deal
The record shows 73,699,631 shares at the end of 2012 and 3,217,985 a year later, a change the beats do not explain. The Alaska deal lapsed because the company could not meet its terms, and a March 2013 letter of intent to buy 80% of Equipment & Trucks Inc. ended without liability. The company said it had limited cash and had terminated operations.
On July 31, 2014 it bought Nevada mining claims in Washoe and Churchill Counties from SJE Mining LLC, issuing 200 million new shares, about 71% of the post-closing total, and assuming $150,000 of SJE notes. It planned a 1:25 reverse split and an equity offering of up to $4 million. Existing holders were heavily diluted, and Phillip Allen took over as President. Share counts were 11,217,985 at the end of 2014 and 11,308,049 a year later.
2017-2019: Unwinding and going quiet
Now called Walker Lane Exploration, the company announced in April 2017 that it was rescinding the SJE purchase, saying the promised financing never came and the claims were nearly worthless. Holders of 50.02% of shares replaced the board with Phillip Allen, Keith Simon and Iain Stewart. The board said financial statements from July 31, 2014 onward should not be relied on; no resolution is reported. The rescission was finalised effective December 26, 2017: SJE returned 6.15 million shares for cancellation and kept 500,000, and the company paid $5,000 in expenses and held no claims.
In February 2018 it agreed to buy Texas-based XON Energy Resources for 6,115,279 new shares, which would give XON holders about 45%. The outcome is not reported. In February 2019 the company suspended its duty to file periodic reports with the SEC.
2021: A new acquisition programme
In September 2021 the company said it had agreed to acquire up to twelve operating companies over a year, paying in restricted shares. Larry Kozin was named manager of the targets, and the sellers would hold about 65% of the shares once all deals closed. Three directors had resigned on August 27, and Kozin and Huntley Andrews joined. It planned to rename itself MainStreetChamber Holdings.
On October 27 it signed for two Nevada companies, and in November it said it would not file the audited financials it had promised, saying they were not required. On December 7, 2021 it completed three more, issuing 21,801,000 restricted shares. As of December 13, 2021, five unnamed Nevada businesses had been bought, no mining claims were held, and no debt was disclosed.
Written from the 14 story beats below (2008 to 13 Dec 2021), which come from the company's own announcements and filings.