Retiring
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And the float is so massive. Lol
The company paid part of it bud. We did not have $250,000 in dilution by Tarpon in a single quarter so, the company had to have paid some of it themselves.
Focus? This is your post...
I said a massive INCREASE in the O/S. Yes, a 500% increase in a few months is massive.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105377584
The OS has not increased 500% as you suggested.
Do you get that almost a third of that debt has already been paid?
Period ending Dec 2013 the OS was 139M, it's now 363M. In what school is that a 500% increase? And it's been 6 months, that's more than a few.
If tarpon were allowed to convert all at once it would be about 1.2 billion shares
IF! But, they can't. Don't forget, they can also pay down the debt with cash too. Over $250,000 already paid back in one quarter.
36M shares is massive? On what planet?
Massive OS? LMAO!! Ever seen a 80B OS? Now that's massive. 300M is not.
I read a bunch of babble about regulations but, this is a pink. Fraud runs rampant in the OTC. Regulations or not.
Doesn't matter, it's still small compared to other stocks.
Some folks think it's not a good thing to pay down debt around here.
A whopping 240M in the float is huge!! Sarcasm. Oh no!!
But none from LATF, correct?
Not yet.
the point was that you were down playing pink standards
Pinks have no standards.
Sorry but, you should take a look at the stocks around you and do a comparison because you're incorrect. This so called death spiral financing as you call it has wiped out almost a quarter of a million dollars in one quarter. At this rate, by EOY it will be gone.
The float is still small for an OTC.
Again, this is not death spiral financing. Diluting to the tune of hundreds of millions of shares a week, would be death spiral financing. Seen it happen too many times. 36M shares is nowhere close to death spiral financing. Quiros worked it out to where Tarpon will never own a controlling interest in STLK. Have you looked at Tarpons filings and the companies they have a controlling interest in? Have you looked into their dilution issues? I think you should. The OS is still small for an OTC company.
You act like the OTC is a perfect world. Scams run amok in this arena and those standards and rules get violated all the time. I don't see the point you're trying to get across. And yes, people have gone to prison for running OTC scams.
Shareholders should be excited about $7M in debt being decreased to almost $500K. If I owed someone $100 and they said, just give me $10 and we'll call it even, I'd jump at the chance. Wouldn't you?
Who did they get the financing through? Answer is: no one. STLK did not go to Tarpon for financing.
Looks like a significant amount of debt has been paid off.
$780,000 last quarter, about $500,000 left. Not too shabby, imo.
This is a dark reporting company. Do you know what that means? Zero regulation when it comes to the filings they upload to OTC Markets.
We'll see.
I'm not going to speculate on share price. Just the same old conversations about unicorns and death spirals.
US deals coming in September!
It still shows in the filings as debt to Quiros so, no, it isn't part of the debt that Tarpon acquired.
He's probably one of the notes that the criminal and sec sanction CEO of tarpon bought
Well that's some BS if I ever saw it. Completely false and fabricated info right there.
Nah, we'll stick with the .20 you predicted. STLK... $.20 comin!
So what? The money is owed to him. Do you really think he cares if they are in default? They're his own notes. I suppose he's gonna turn around and sue himself to get the money back?
Nope. Looks like .20 coming our way. Post noted.
If you're going to quote me, at least do it right. I said...
Cause it shows Quiros was involved with STLK long before it was official
So it's harmful to get involved with a company you're going to eventually take over? Where is the logic in that? That makes zero sense.
that should be enough to propel us to .20 on Monday......
Good to know. Post saved.
Ya gotta read them first.
No harm done. Not real sure why it's a big problem. Or why it's such a big deal. Don't see any harm in somebody loaning a company money that they want to eventually take over control.
Both the CEO and COO involved in STLK years before they took over the STLK shell.....YIKES!
Not real sure why that's supposed to be scary. STLK didn't have an operating business between 2009 and 2012. They loaned the company money and if you read the filings it appears they did it to help Sorkin regain control. Not a big deal.
Why wasn't that supposed to be revealed? If one did their DD they'd know that. Not like it was a big secret.
But only a fool would be willing to risk going to prison for a sub - penny stock
It happens all the time.
Most likely to help Mr. Sorkin regain control from St. Louis Packaging.
From their own company profile. Please read...
Accounting/Auditing Firm
Not Available
http://www.otcmarkets.com/stock/LATF/profile
Nobody has abandoned their accounting duties
They'd have to have an accountant first, and they don't. Never have, never will. Thu Le is not a certified accountant.
Is Thu Le an auditor? I don't think so. Unaudited Financials for LATF. She should be in jail.