Retiring
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PPA is still on the table. They signed a binding LOI to connect to the power grid. The land has already been set aside. The PPA is in it's final stages.
It's a new startup right? YES
With no real business to date correct? Correct? NO
Got an answer? Yes or no.
I think I read something about no business? Are you sure?
So PhoneSuite Solutions is a sham?
Comparing a turd with nothing as we have here with real company functioning the way a company is supposed to doesn't change the fact that STLK is diluting pig with no real revenues or business.
Having a hard time trying to understand what that says. Run on sentence that makes no sense.
The $1M in debt here is alot better than $9M that I see on another stock.
For those that don't understand what a convertible note is...
A convertible note is a loan that converts into equity.
The 2008 LOAN is turned into a CONVERTIBLE NOTE.
but there are no new notes according to you and rich?
No, according to the filings. It's clearly debt owed to Tarpon. I've showed you proof, it's undeniable.
its because of the TWO NEW NOTES.
Wrong. Your numbers don't add up.
On top of all this mess there is the TARPON debt.
That is part of the Tarpon debt. Read the filings. It CLEARLY says they...
Every company with convertible debt should be actively trying to reduce it.
Don't need a CC to see $9M in debt.
32,500+32,500=65,000
In what school district does this not add up?
WOW!!! Look at all this convertible death spiral debt!!! That's pretty real!!! $9M? Really?
Banc leasing, Inc. $10,660 / Month including interest January-15 11.62% $ 72 $ – $ 72
Advantage leasing associates $8,269 / Month including interest Various Various 71 – 71
Legacy laser services Dallas, LLC $9,947 / Month including interest May-16 42.00% 158 – 158
KBM World Wide, Inc. $103,500 / Month including interest March-15 8.00% 104 91 13
Tonaquint $950,400 / Lump sum payment including interest Immediately due and payable 12.00% 764 – 764
JMJ Financial $330,000 / Lump sum payment including interest March-14 12.00% 187 25 162
Vista capital $72,600 / Lump sum payment including interest Immediately due and payable 12.00% 64 – 64
Willow creek capital $293,040 / Lump sum payment including interest Immediately due and payable 12.00% 182 – 182
TCA global line of credit $149,609 / Month including interest July-14 12.00% 1,007 56 951
Group 10 $157,500 / Month including interest July-14 12.00% 136 85 51
Investor financing $495,000 / Lump sum payment including interest April-14 12.00% 548 – 548
Premium assignment $2,063 / Month including interest September-14 5.68% 6 – 6
Dakota capital equipment financing $178,031 / Quarterly including interest March-16 12.00% 1,518 6 1,512
E-bond investor notes 3 years/ Semiannual interest (See below) Various 7.50% 311 143 168
Line of credit 2 years/ Quarterly interest (See below) December-16 3.00% 4,347 – 4,347
In March of 2008, the Company entered into an asset purchase agreement to purchase certain tangible and intangible assets for $65,000 in STLK common stock. As of June 30, 2014 and December 31, 2013, a liability totaling $0 and $43,333 respectively, exists related to these unissued shares. This liability was acquired in the merger. In coordination with Section 3(a)(10) of the Securities Act of 1933, stated by the Circuit Court of the Second Judicial Circuit in Florida, the Company agreed to pay for this debt and therefore moved this debt from the Liability to be Settled in Stock to a Settlement Liability.
What year is it? 2014, right? 2008 debt is new?
All old debt. Much of which is owed to the BOD. Just gotta learn to read those filing properly. I'd like to know who you convinced that 6 year old debt is somehow new.
Wrong. In what school is 6 year old debt new? It was part of the Tarpon settlement, it's fact.
Quiros was pissed? When did you hang out with him? Did he tell you this? Reachin.
No new notes. It was explained in the filings.
He was forced to? Wow! Really reachin'.
It was in the Leon County settlement, it's been known since early this year. Nothing was being hid, you just failed to see it. 6 year old debt is not new bud.
LMAO!!! Are you suggesting the CEO must notify the shareholders every time he takes a piss?
Was Asher's involvement in the filings? Yes
Was Quiros expected to call everyone when he made that move? No
Keep reachin'
At least he hasn't committed any securities fraud. It appears those are the types of stock to get involved in. STLK isn't in any danger of being revoked like that other one.
GL
Down 11% is ugly? LMAO!! C'mon man! Ridiculous!
Lol. He just moved on. At least he hasn't been involved in any securities fraud like some other CEO I know.
Keep on reachin'!
Doesn't really matter. CEO was involved in securities fraud.
BILL SAID HE WOULD HAVE A LICENSE BEFORE THE END OF THIS MONTH
Not really. He initially said "the operation would up and running and ready to begin shipping within seven months" and that was at the end of last year...
http://www.forbes.com/sites/karstenstrauss/2013/12/30/big-marijuana-is-it-the-future/
Either way, too late.
Can't say that's a such a great job don't you think?
That's a matter of opinion. Quiros never promised a rose garden. He's been a very successful CEO in the past. No SEC issues. No fraud. No scams. He has worldwide connections.
The current SP is not indicative of a successful company but, this is the OTC. Where money is made and lost in the blink of an eye. Scams run amok and folks are making big bucks on companies with zero merit.
The OTC used to be a place for small, startup companies to make a name for themselves. It hasn't been that way for a LONG time and it probably won't change anytime soon.
With that being said, it's IMO that STLK is actually trying to be one of those legitimate companies. Regardless of how disgusting it looks right now.
The Home Shopping Network, Overstock, plus many more.... OTC companies at one point in time.
FWIW. Best of luck to you.
Thanks for verifying he was involved.
CEO ~ Dr. H. Dean Cubley
Who could ask for more than a real company doing real business with the real potential for EVERYONE(key word) to make a solid investment or trade here?? As you already know~ STLK sp has been beat down due to conversions.........the potential here is simply amazing.
Did you know the CEO of ERFB was involved in some sort of securities fraud with an AMEX company? It was delisted from AMEX to the OTCBB and then delisted to the OTC. It was ultimately revoked by the SEC last year.
Sounds like a winner.
GL
Any idea where this pos is headed??
Costa Rica.
It's called a partial fill.
Doesn't mention anything about LATF in that PR or the 8-K. I'm failing to see a point.
I'm sure you didn't show them all the evidence. Especially where the company said no new notes and the fact that its 6 year old debt.
6 year old debt is not NEW!
LATF in Wall St. Journal again
Wrong!!
Warning current shareholders of dilution? You need a SC-13G to warn you of dilution? The filings aren't clear enough? The constantly updated OS on OTC Markets isn't enough? Phantom dilution my ass. It's in everybody's face, nothing is being hidden.
I didn't need your resume.
Read it!!!!!!!!
Note 6 – Liability to be Settled in Stock
In March of 2008, the Company entered into an asset purchase agreement to purchase certain tangible and intangible assets for $65,000 in STLK common stock. As of June 30, 2014 and December 31, 2013, a liability totaling $0 and $43,333 respectively, exists related to these unissued shares. This liability was acquired in the merger. In coordination with Section 3(a)(10) of the Securities Act of 1933, stated by the Circuit Court of the Second Judicial Circuit in Florida, the Company agreed to pay for this debt and therefore moved this debt from the Liability to be Settled in Stock to a Settlement Liability (see Note 7).
Dilution going on without notice to shareholders via any SC13g's
You can't prove that and no new shares were issued to Asher.
Whatever. Can't wait til they tell you you're wrong.
I showed you where the notes came from. They're 6 years old, bud. 6 years, not new.
No, you're not reading it. Simply go to where I showed you they are not new notes, they've been there since 2008.
You're gonna have a hard time trying to convince someone a 6 year old note is a new one. It's clear you don't understand so forget about it. I'm right, you're wrong.