19 Feb 2004director interest notice● Neutral
David Naylor became a SILVER STAR ENERGY INC Chief Financial Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2004director interest notice● Neutral
David Naylor became a SILVER STAR ENERGY INC Chief Financial Officer and company insider (initial ownership filing).
10 Feb 2004director interest notice● Neutral
SILVER STAR ENERGY INC SECRETARY Mario Aiello sold 12,000,000 shares at $0.00.
10 Feb 2004director interest notice● Neutral
Mario Aiello became a SILVER STAR ENERGY INC SECRETARY and company insider (initial ownership filing).
30 Jan 2004asset acquisition disposition● Neutral
An amended version of the December 2003 report on the Archer Exploration deals, with the same payment terms for North Franklin and Winter Pinchout. It adds that the company is also responsible for lease, drilling and completion costs and (for Winter Pinchout) a monthly management fee beginning January 2004 (the text reads '$10,0000', so the exact amount is unclear). It also states that drilling of the first North Franklin test well is expected to start in the second quarter of 2004 and a 3-well Winter Pinchout program is planned for the quarter ending September 30, 2004. It repeats that the company lacks the funds on hand to meet its obligations.
23 Dec 2003asset acquisition disposition● NeutralMajor
Now named Silver Star Energy and based in Los Angeles, the company signed two December 5, 2003 agreements with Archer Exploration, Inc. to earn interests in the North Franklin prospect and the Winter Pinchout project in California's Sacramento Basin. It would pay Archer $85,000 and $100,000 on signing respectively, plus further payments tied to drilling, and can earn 100% of each if it completes its funding; the filing says it lacks the funds on hand to meet these obligations. Directors Jamie Cirotto and Carmelo Mamertino resigned effective December 17, 2003; this follows the October 2003 Alberta prospect agreements, though this filing does not say what became of those.
13 Nov 2003asset acquisition disposition● Neutral
The company (then Movito Holdings Ltd.) sold its wholly owned subsidiary 657333 B.C. Ltd., which held its automated teller machine (ATM) transaction-processing business, to Adil Dinani for $25,000 cash; the sale closed October 28, 2003. The filing says it sold because the business did not generate significant profit, with net revenues of $7,761 in the six months to June 30, 2003.
13 Nov 2003asset acquisition disposition● NeutralMajor
Under two agreements dated October 29, 2003 with 1048136 Alberta Ltd. (owned by Scott Marshall), the company (then named Movito Holdings Ltd.) gained the right to earn a 66.67% working interest in the Evi prospect (by advancing $2,000,000 in four $500,000 payments, Feb 1 to May 1, 2004) and in the Verdigris prospect (by advancing $1,500,000 in three $500,000 payments, Feb 1 to Apr 1, 2004), both in Alberta. The filing says the company does not currently have the funds to meet these obligations, and it earns nothing if it misses a payment.
22 May 2003securities registration● Neutral
SILVER STAR ENERGY INC amended a filing by which it registered a small-business securities offering with the SEC.
25 Apr 2003securities registration● Neutral
SILVER STAR ENERGY INC amended a filing by which it registered a small-business securities offering with the SEC.
19 Mar 2003securities registration● Neutral
SILVER STAR ENERGY INC amended a filing by which it registered a small-business securities offering with the SEC.
3 Feb 2003securities registration● Neutral
SILVER STAR ENERGY INC registered a small-business securities offering with the SEC.