Business Context and Reporting Period
This Form 8-K Current Report was filed by Bluebird Exploration Company (Nevada) on August 29, 2008, regarding events occurring on August 25, 2008. The filing reports a change in control of the registrant and significant changes in its executive leadership.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to the change in control transaction:
- Transaction Consideration: Approximately $14,000 paid by Mark Fingarson for 10,000,000 shares of common stock.
- Ownership Stake Acquired: Approximately 75.6% of the common stock and voting power.
Material Changes Versus Prior Period
The primary material change is the transfer of control and management of the Company:
- Change in Control: Peter Wells sold 10,000,000 shares to Mark Fingarson, resulting in Fingarson holding a controlling interest (75.6%).
- Departure of Officers: Peter Wells resigned as Director, President, CEO, Principal Financial Officer, Secretary, and Treasurer for personal reasons with no stated disputes.
- Appointment of Officers: Mark Fingarson was appointed as the sole Director and assumed all executive roles previously held by Mr. Wells.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of operational risks. Regarding contingencies and unusual items:
- Purpose of Transaction: Mr. Fingarson purchased the shares for investment purposes.
- Future Control Arrangements: Mr. Fingarson does not share beneficial ownership or voting power with any other person or group and has no arrangements that may result in a subsequent change in control.
- Related Party Transactions: Mr. Fingarson has no other agreements, arrangements, or interested transactions with the Company.
Key Facts for Investor Verification
- Verify the current share count and the exact percentage of voting power held by Mark Fingarson post-transaction.
- Confirm the background and corporate security experience of the new CEO, Mark Fingarson, as disclosed.
- Review the "Letter dated August 25, 2008 from Peter Wells" (Exhibit 17.1) for additional context on the resignation.
- Check subsequent filings for any financial statements, as this 8-K contains no operational or financial data.