Silverstar Holdings Ltd - Withdrawal of Registration Statement (RW)
26 Septembre 2008 - 6:17PM
Edgar (US Regulatory)
SILVERSTAR HOLDINGS, LTD
1900 Glades Road, Suite 435
Boca Raton, Florida 33431
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549-7010
Attn:
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Mr. Mark P. Shuman
|
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Branch Chief - Legal
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Re:
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Silverstar Holdings, Ltd.
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Registration Statement on Form S-3
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File No. 333-150990
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Ladies and Gentlemen:
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the “
1933 Act
”), please consider this correspondence as an application to the Securities and Exchange Commission (the “
Commission
”) for an order permitting Silverstar Holdings, Ltd., a Bermuda
corporation (the “
Registrant
”), to withdraw its Registration Statement on Form S-3 (File No. 333-150990), initially filed by the Registrant on May 16, 2008 (the “
Registration Statement
”), as the Registrant believes that in order to have the Registration Statement declared effective it would need to make significant changes that would be too costly to the
Registrant and would not serve the best interests of its shareholders. Accordingly, the Registrant has elected to withdraw in lieu of amending the Registration Statement.
This will also confirm that the Registration Statement was not declared effective by the Commission and no securities were sold pursuant to the Registration Statement
The Registrant requests that the Commission consent to this application on the grounds that the withdrawal of the Registration Statement is consistent with the public interest and the protection of investors, as contemplated by paragraph (a) of Rule 477.
Please provide the Registrant a facsimile copy of the order consenting to the withdrawal of the Registration Statement as soon as it is available. The facsimile number of the Registrant is (561) 479 0757, with a copy thereof to its counsel, Joseph Walsh of Troutman Sanders LLP, at (212) 704- 5919. If you have any questions regarding this request for withdrawal, please contact
Mr. Walsh at (212) 704-6030.
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Sincerely,
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SILVERSTAR HOLDINGS, LTD.
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By:
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/s/ Clive Kabatznik
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Name:
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Clive Kabatznik
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Title
:
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President and Chief Executive Officer
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