Retiring
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Nobody can "call" a bottom unless the stock is at no bid. STLK is no different.
You're settin' yourself up for disaster.
Enjoy the day, while you can.
Cleveland please, tia
Gold Coast’s Signs Term Sheet with Colorado Grow Operator
http://www.baystreet.ca/viewarticle.aspx?id=420147
OS remains unchanged.
CP US Income Group, LLC and IBC Fund, LLC bought $292,500 in notes from Angus Capital Partners. ERFB owed the debt to Angus, originally.
Between 1/29 and 9/5, ERFB issued 1.85M common shares to CP US Income Group, LLC and IBC Fund, LLC to settle the debt.
CP US Income Group, LLC and IBC Fund, LLC are known toxic financiers.
Hopefully the CEO will try and sell ALL the assets for 3 times what they're worth but, who's gonna buy that story?
Any novice can see, that's not even remotely possible.
Did tarpon buy the CEOs and the Cfo's debt? Did the top 2 clowns here sell their old convertible debt to tarpon for repayment?
Seriously? Unicorns are one thing but, that nonsense is on a whole new level. Like a two horned unicorn level.
twist, turn and/or distort don't make it real.
One of these days, I'll be traveling through a field of Versant's windmills in Costa Rica on the back of a unicorn. Head back to my hotel room and tell everyone about it, thanks to PhoneSuite Solutions.
shareholders don't have to "settle" for it....it's theirs , like it or not.
Shareholders have the opportunity to sell their STLK shares at any moment during a normal trading day so, they don't have to 'settle' by any means.
based on Fridays closing bid.
Damn good thing Friday wasn't the end of the world. That would make you 100% correct in that assumption. However, the world goes on, STLK may still trade Monday, providing the planet makes it through the rest of the weekend. Things change on a dime 'round here.
Good luck little buddy!!
And I don't think they took it out of their own pocket.
They've taken more than that out of their own pocket, why is that so hard to fathom?
With only 1M in authorized capital and not enough assets to cover 9M in debt, watch for a change in the authorized. Just like they did about a year after they claimed to have paid all the convertible debt off.
Oh no, a whopping 65K.
A million dollars is a shit load of debt? I'll settle for that before I'd settle for ten times that, any day of the week.
I know right!! The company paid $40,000 cash for a note. Unheard of, lol. Not possible, lol. Can't be done, lol.
So why should I or anyone else buy shares on belief that has not come to fruition at any point in the companies history?
Don't really care if you or anyone else buys shares but, sometimes you gotta believe in something or you'll wind up with nothing.
I believe Quiros will turn things around. Start ups never look pretty in the beginning. I thought this was common knowledge, apparently not.
You asked, I answered.
$7,000 was made last quarter from shares. The company paid $40,000 in cash to pay down a promissory note.
Small, compared to some other OTCs.
Couple hundred million is a shitload?
The debt was booked on STLK fins before Tarpon 'bought' it. So, imo, they settled for less than they probably could have gotten.
Sustainability. No revenues yet but, you knew that.
The real intent was to bring Versant pulic.
The point here being is that to say a $7 million dollar debt was reduced to to $700K is incorrect...even by what your "accountants" told you.
The accountants didn't tell me that. Still putting words in my mouth. I was trying to figure out where the $7M came from. They pointed it out. It was booked as $7M in STLK debt, it was reduced to under a million due to the lawsuit filed by Tarpon.
Perhaps some accountants don't think the way you do.
But this is pretty messed up...so I should read more in the filings...who knows what else is there.
Maybe you should.
This was 2-3 years before they took over.
What's your point?
I seriously doubt they care. Why should they?
Loaning money to a company you're about to take over is scammy? LMAO!!!!!
What I was referring to is it being loaned by the CEO to a shell company he later acquires in a RM
Why should that be considered odd? Loaning a shell money that you are going to take over is unheard of?
Look, I had this looked at by two accountants and this is what they had to say...
What I did was jump to the 10-12g filing in 2013 and not really the 2012 unaudited financials.
And low an behold, she was right, look at the long list of loans by officers in 2009, 2010, and 2011. Those are the years in question.
Without wasting her time any further, that is where the accountant booked additional paid in capital as they at the time did not enter any related party payables in the 2012 OTC filing.
However they surfaced in the 10-12g. My guess is they booked them at additional paid in on equity, but when it came time to do the audit, they changed their mind and created loan docs. Typical start up.
Since when is paid in capital considered a loan or debt???
They were loans to the company by past directors. If an offcier loans the company, he shouldn't expect to get it back? Since when?
They have no way of paying it off so, how do you suppose they do that?
CEO loaning the company money.
He hasn't drawn a salary either.
With that lawsuit STLKs debt was reduced by 90%. Far cry from $7M.
ERFB fire sale happening. Losing money every quarter and no way to fund the 9 million in debt. 4 years ago ERFB claimed to have paid all it's convertible debt off and here they are again. Except the CEO boasts about imminent multi-million dollar asset sales and acquisitions from a broke ass company.
More speculation.
I guess that almost never happens?
It was paid in capital that the former directors claimed to have loaned the company...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9421209