SEC Company Response from SILVER SCREEN STUDIOS INC (CIK 0001262456) — Jul 22, 2005
SILVER SCREEN STUDIOS INC (CIK 0001262456)
Date: July 22, 2005 · CIK: 0001262456 · Accession: 0001262456-05-000013
AI Filing Summary & Sentiment
Letter
Silver Screen Studios, Inc. 2002 Perimeter Summit Blvd. Suite 1275 Atlanta, GA 30319 (404) 751-3450 phone (404) 522-1447 fax sssu@mindspring.com July 19, 2005 Letter of Date June 30, 2005 James Webster, Staff Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549-0312
Dear Sir:
We are responding to your letter of date June 7, 2005, and June 30, 2005
We will address each comment in your letter and this is our reply.
Financial Statements:
General:
1. We will file the Form 10KSB/A as soon as our auditor makes the necessary amendments to the Form 10KSB and as soon as final determination is made regarding the issues addressed in this correspondence.
Statement of Cash Flows, page F-7
2. Our auditor made the entry on the financial statements and we are in the process of interpreting the language to see if it is necessary to amend the Form 10KSB.
Note 2. Operating Facilities, Page F-11.
3. We have reviewed your reference to SAB Topic 5.T and it is our interpretation of SAB Topic 5.T that it applies to principal shareholders. It is our interpretation that a principal shareholder would have to own a controlling interest in the entity to be subject to SAB Topic 5.T. Your letter of June 30, 2005 references the statement that your position for application of SAB Topic 5.T is based on information that Rosenfeld, Goldman & Ware, Inc. received 59,820,000 shares of stock. The total referred is in the aggregate and at no time did RGW have a beneficial ownership in excess of 9.9% of the "outstanding" common stock, therefore, RGW never became an affiliate nor became a principal shareholder and SAB Topic 5.T is inapplicable..
If there are any further questions, please forward to our attention for immediate review.
Sincerely,
Silver Screen Studios, Inc.
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Silver Screen Studios, Inc.
2002 Perimeter Summit Blvd.
Suite 1275
Atlanta, GA 30319
(404) 751-3450 phone
(404) 522-1447 fax
sssu@mindspring.com
July 19, 2005
Letter of Date June 30, 2005
James Webster, Staff Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549-0312
Dear Sir:
We are responding to your letter of date June 7, 2005, and
June 30, 2005
We will address each comment in your letter and this is our
reply.
Financial Statements:
General:
1. We will file the Form 10KSB/A as soon as our auditor
makes the necessary amendments to the Form 10KSB and as soon
as final determination is made regarding the issues
addressed in this correspondence.
Statement of Cash Flows, page F-7
2. Our auditor made the entry on the financial statements
and we are in the process of interpreting the language to
see if it is necessary to amend the Form 10KSB.
Note 2. Operating Facilities, Page F-11.
3. We have reviewed your reference to SAB Topic 5.T and it
is our interpretation of SAB Topic 5.T that it applies to
principal shareholders. It is our interpretation that a
principal shareholder would have to own a controlling
interest in the entity to be subject to SAB Topic 5.T. Your
letter of June 30, 2005 references the statement that your
position for application of SAB Topic 5.T is based on
information that Rosenfeld, Goldman & Ware, Inc. received
59,820,000 shares of stock. The total referred is in the
aggregate and at no time did RGW have a beneficial ownership
in excess of 9.9% of the "outstanding" common stock,
therefore, RGW never became an affiliate nor became a
principal shareholder and SAB Topic 5.T is inapplicable..
If there are any further questions, please forward to our
attention for immediate review.
Sincerely,
Silver Screen Studios, Inc.
/s/ Otto Fletcher, III, CEO
______________________________
Otto Fletcher, CEO.
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