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That's the 8-K. There are exhibits attached to it.
it's why the current sp is what it is.
I'm sure the mere 27M shares that were given back in March are really affecting the share price. That's a laugh.
But you said there was no deal?
You mean carrots, not straws.
C'mon Snizz.... show me a start up without any debt and I'll show you a unicorn farm.
I understand everything. It's clear that some don't. Do you know the terms of the agreement? Check... YES___ or NO___
If there's no PPA as you say, then there's no carrot. Correct?
The OTC market agrees? LOL, that ain't sayin' much.
Show me a company? Answering a question with a question?
Yep! Do you know the terms of the agreement? My guess is "NO".
Why discuss it? It's not real, right Snizz? LOL
Nope, sorry but, you're incorrect. Better go read those filings again. Oh... wait.... they're all lies.
$57M needed to complete the job.
Look it up!
Show me a company in its developmental phase that doesn't have debt.
Um, no... you didn't tell me this earlier. Perhaps you're mistaken, as a matter of fact, you are.
Still don't know the terms of the agreement I see, eh?
It hasn't been signed yet and you know this but, misleading folks by suggesting there isn't going to be one is just intentional, misleading garbage. Once it's signed, someone's credibilty is shot.
$57M. $1.6M has already been raised, plus $10M in equity financing, and the LOI from the EX-IM bank will take care of the rest. It will also completely pay off STLKs debt.
So you're telling me that the company is lying and posting fraudulent filings with the SEC?
Her's a link for you... http://www.sec.gov/whistleblower
They've already hired people that are working on it but, that must be a lie too?
Still don't know the terms of that agreement, eh?
The CD argument at least holds some water. I'd stick to that. No PPA is just a bunch of intentional, misleading hogwash.
So STLK is lying in their SEC Filings? Uh oh!! Better contact the SEC and let them know about the fraudulant and misleading info in STLK's filings. I imagine they'd love to hear that tale.
More misleading garbage?
Wanna tell me again there is no PPA? None in the works?
I've never executed a $300M deal, have you? I imagine it isn't easy.
Do you really think Quiros spent thousands of dollars to buy and reregister this shell only to have it taken down by Stephen Hicks? I think not.
A 90% reduction in debt is bad news? LMAO!!
Let's see, would I rather owe someone $700,000 or $7,000,000?
Are you sure you know the specifics of the repayment terms to Tarpon? Might wanna read some court docs.
We currently believe the approval process and the signing of the PPA is in its final stages and anticipate an executed PPA before the end of the 2014 fiscal year.
The Company has already decided, as required by the Ex-Im, to hire a wind turbine manufacturer to handle the Operations and Management of the wind park once operational. This will allow the Company to focus on overall customer relations and top-level oversight, handling only financial and executive functions.
The estimated working capital requirement for the next twelve months is $1,250,000 with an estimated burn rate of $104,000 per month. The Company continues to proceed with the required field studies and engineering needed on the wind park.
Over the next twelve months the Company anticipates executing its Power Purchase Agreement, pursuing debt financing for approximately $45,000,000 and raising an estimated $10,500,000 of private equity to develop the first wind park on the site.
Tired of intentional misleading garbage?
You mean like this...
I didn't say it was a good will gesture. I simply stated that deal cut STLK's debt by 90%.
The guy running Tarpon, Stephen Hicks, has been in litigation with the SEC before which leaves a bad taste in my mouth. He also ran Southridge Investment Group, LLC. and the SEC is looking into $80M in investments in OTC stocks. This guy is bad news.
I suggest you read the latest 10K and 10Q thoroughly.
Excuse me? I read them. Folks like to throw out all the negatives and pound them into the ground, nobody sees any of the good in them.
Three Charged In Connection With Stock Manipulation Scheme
Defendants Allegedly Made more than $220,000 with “Pump and Dump” Penny Stock Manipulation Scheme
Three men who allegedly manipulated penny stocks, and then laundered the proceeds by purchasing precious metals, were charged today in U.S. District Court in Tacoma with conspiracy to commit securities fraud and conspiracy to launder monetary instruments, announced U.S. Attorney Jenny A. Durkan. MIKHAIL GALAS, 24, of Vancouver, Washington was arrested in Long Beach, California after he arrived on a flight from Portland, Oregon. He will make his initial appearance in U.S. District Court in Los Angeles. CHRISTOPHER MROWCA, 24, was arrested in Bradenton, Florida and will make his initial appearance in Tampa. ALEXANDER HAWATMEH, 23, of Salem, Oregon is incarcerated in Oregon on an unrelated charge and will appear in federal court at a later date. In addition to the arrests, searches were conducted in Vancouver, Washington, Bradenton, Florida, Salem, Oregon and Boulder, Colorado.
“Manipulative trading in penny stocks can lead to big profits for swindlers at the expense of small investors who buy the hype,” said U.S. Attorney Jenny A. Durkan. “The Securities and Exchange Commission is working closely with our office to hold these market manipulators accountable.”
In addition to the criminal complaint filed today, the Securities and Exchange Commission also filed a civil case against the men.
According to the criminal complaint, between December 2011 and April 2012, the men engaged in a scheme to make it appear that a particular penny stock was being actively traded. During that period the men accounted for 85% of the trades in the particular stock related to a purported flea market business in Florida. The conspirators allegedly engaged in “matched trades” where one sold shares and the other bought shares to make it appear investors were interested in the company. In fact the penny stock had little value and no business that would generate significant revenue or income. In addition to the trades to make it appear there was interest in the stock, the men sent fraudulent and misleading “blast” e-mails through promotional websites and email addresses under their control with the intent of increasing demand for the stock. The blast emails enticed other unknowing investors to buy the stock – then the men sold their shares, earning a profit of more than $223,000. CHRISTOPHER MROWCA and ALEXANDER HAWATMEH then engaged in a scheme to launder the proceeds of the illegal stock manipulation scheme by passing the money through third party accounts and ultimately purchasing gold and silver bars.
Conspiracy to commit securities fraud is punishable by up to five years in prison and a $250,000 fine. Conspiracy to launder monetary instruments is punishable by up to 20 years in prison.
The charges contained in the complaint are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.
The case is being investigated by the FBI. The case is being prosecuted by Assistant United States Attorneys Justin Arnold and Katheryn Kim Frierson.
http://www.justice.gov/usao/waw/press/2014/August/galas.html
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks and Other Microcap Companies
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-159.pdf
Washington D.C., Aug. 5, 2014 — The Securities and Exchange Commission today charged four promoters with ties to the Pacific Northwest for manipulating the securities of several microcap companies, including marijuana-related stocks that the agency has warned investors about in recent weeks.
The SEC alleges that the four promoters bought inexpensive shares of thinly traded penny stock companies on the open market and conducted pre-arranged, manipulative matched orders and wash trades to create the illusion of an active market in these stocks. They then sold their shares in coordination with aggressive promotional campaigns that urged investors to buy the stocks because the prices were on the verge of rising substantially. However, these companies had little to no business operations at the time. The promoters reaped more than $2.5 million in illegal profits through their schemes.
Two of the companies manipulated in this case – GrowLife Inc. and Hemp Inc. – claim to be related to the medical marijuana industry. The SEC has issued an investor alert warning about possible scams involving marijuana-related investments, noting that fraudsters often exploit the latest growth industries to lure investors into stock manipulation schemes. Other schemes by these four promoters involved an oil-and-gas company – Riverdale Oil and Gas Corporation – and three other microcap stocks, ISM International, Allied Products Corp, and Aden Solutions.
The SEC was able to unearth the schemes through the work of its recently created Microcap Fraud Task Force.
“Our Microcap Fraud Task Force is taking direct aim at abusive practices and serial violators within the microcap markets like these four promoters seeking to exploit retail investors for personal gain,” said Michael Paley, co-chair of the SEC’s Microcap Fraud Task Force. “In this case, we meticulously reviewed trading records and developed the evidence necessary to connect these four promoters and their coordinated trading efforts.”
The SEC’s complaint filed in federal court in Tacoma, Wash., charges the following individuals:
Mikhail Galas, a stock promoter who lives in Vancouver, Wash.
Alexander Hawatmeh, a member of Worthmore Investments LLC, which owns a stock promotion website called stockhaven.com. He formerly lived in Vancouver and currently resides in Lincoln City, Oregon.
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
Tovy Pustovit, who owns a stock promotion website called Explosive Alerts. He also lives in Vancouver.
In a parallel action, the U.S. Attorney’s Office for the Western District of Washington announced criminal charges against Galas, Hawatmeh, and Mrowca.
According to the SEC’s complaint, GrowLife Inc. was part of a broader online promotion of several marijuana-related stocks in early 2014. Mrowca specifically promoted GrowLife through his Money Runners Group website and predicted that the stock price would nearly double. Mrowca, Galas, and Hawatmeh meanwhile engaged in manipulative trading designed to increase the price and volume of GrowLife stock, and they later sold their shares for illicit profits.
Similarly, the SEC alleges that Hawatmeh, Galas, and Mrowca bought and sold approximately 41.7 million shares of Hemp Inc. in January and February 2014 while the stock was actively promoted on the Internet. For example, one Internet tout on February 6 claimed that Hemp could reach “a REAL Possible Gain of OVER 2900%.” During the promotion, Hawatmeh, Mrowca, and Galas engaged in manipulative wash trades and matched orders to manipulate Hemp’s common stock before selling their shares for illegal gains.
“This was a carefully planned operation by Galas, Hawatmeh, Mrowca, and Pustovit to distort the performance of specific penny stocks as they were simultaneously promoted through social media and the Internet. As the companies’ stock prices increased, these four promoters opportunistically dumped their shares for illicit gains,” said Amelia A. Cottrell, associate director in the SEC’s New York Regional Office.
The SEC’s complaint charges Galas, Hawatmeh, Mrowca and Pustovit with violating antifraud provisions of the federal securities laws. The SEC seeks temporary, preliminary, and permanent injunctions along with an emergency asset freeze, disgorgement, prejudgment interest, financial penalties, and orders barring the promoters from participating in a penny stock offering.
The SEC’s complaint names Nadia Hawatmeh as a relief defendant for the purposes of recovering ill-gotten gains in her brokerage account, which was used by the promoters to conduct some of their manipulative trades.
The SEC’s investigation has been conducted by Michael Paley, Eric M. Schmidt, Mona Akhtar, Joseph Darragh, and Tejal Shah. The case was supervised by Ms. Cottrell, and the litigation will be led by David Stoelting. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Western District of Washington, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-EzfvldUcZ
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks and Other Microcap Companies
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-159.pdf
Washington D.C., Aug. 5, 2014 — The Securities and Exchange Commission today charged four promoters with ties to the Pacific Northwest for manipulating the securities of several microcap companies, including marijuana-related stocks that the agency has warned investors about in recent weeks.
The SEC alleges that the four promoters bought inexpensive shares of thinly traded penny stock companies on the open market and conducted pre-arranged, manipulative matched orders and wash trades to create the illusion of an active market in these stocks. They then sold their shares in coordination with aggressive promotional campaigns that urged investors to buy the stocks because the prices were on the verge of rising substantially. However, these companies had little to no business operations at the time. The promoters reaped more than $2.5 million in illegal profits through their schemes.
Two of the companies manipulated in this case – GrowLife Inc. and Hemp Inc. – claim to be related to the medical marijuana industry. The SEC has issued an investor alert warning about possible scams involving marijuana-related investments, noting that fraudsters often exploit the latest growth industries to lure investors into stock manipulation schemes. Other schemes by these four promoters involved an oil-and-gas company – Riverdale Oil and Gas Corporation – and three other microcap stocks, ISM International, Allied Products Corp, and Aden Solutions.
The SEC was able to unearth the schemes through the work of its recently created Microcap Fraud Task Force.
“Our Microcap Fraud Task Force is taking direct aim at abusive practices and serial violators within the microcap markets like these four promoters seeking to exploit retail investors for personal gain,” said Michael Paley, co-chair of the SEC’s Microcap Fraud Task Force. “In this case, we meticulously reviewed trading records and developed the evidence necessary to connect these four promoters and their coordinated trading efforts.”
The SEC’s complaint filed in federal court in Tacoma, Wash., charges the following individuals:
Mikhail Galas, a stock promoter who lives in Vancouver, Wash.
Alexander Hawatmeh, a member of Worthmore Investments LLC, which owns a stock promotion website called stockhaven.com. He formerly lived in Vancouver and currently resides in Lincoln City, Oregon.
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
Tovy Pustovit, who owns a stock promotion website called Explosive Alerts. He also lives in Vancouver.
In a parallel action, the U.S. Attorney’s Office for the Western District of Washington announced criminal charges against Galas, Hawatmeh, and Mrowca.
According to the SEC’s complaint, GrowLife Inc. was part of a broader online promotion of several marijuana-related stocks in early 2014. Mrowca specifically promoted GrowLife through his Money Runners Group website and predicted that the stock price would nearly double. Mrowca, Galas, and Hawatmeh meanwhile engaged in manipulative trading designed to increase the price and volume of GrowLife stock, and they later sold their shares for illicit profits.
Similarly, the SEC alleges that Hawatmeh, Galas, and Mrowca bought and sold approximately 41.7 million shares of Hemp Inc. in January and February 2014 while the stock was actively promoted on the Internet. For example, one Internet tout on February 6 claimed that Hemp could reach “a REAL Possible Gain of OVER 2900%.” During the promotion, Hawatmeh, Mrowca, and Galas engaged in manipulative wash trades and matched orders to manipulate Hemp’s common stock before selling their shares for illegal gains.
“This was a carefully planned operation by Galas, Hawatmeh, Mrowca, and Pustovit to distort the performance of specific penny stocks as they were simultaneously promoted through social media and the Internet. As the companies’ stock prices increased, these four promoters opportunistically dumped their shares for illicit gains,” said Amelia A. Cottrell, associate director in the SEC’s New York Regional Office.
The SEC’s complaint charges Galas, Hawatmeh, Mrowca and Pustovit with violating antifraud provisions of the federal securities laws. The SEC seeks temporary, preliminary, and permanent injunctions along with an emergency asset freeze, disgorgement, prejudgment interest, financial penalties, and orders barring the promoters from participating in a penny stock offering.
The SEC’s complaint names Nadia Hawatmeh as a relief defendant for the purposes of recovering ill-gotten gains in her brokerage account, which was used by the promoters to conduct some of their manipulative trades.
The SEC’s investigation has been conducted by Michael Paley, Eric M. Schmidt, Mona Akhtar, Joseph Darragh, and Tejal Shah. The case was supervised by Ms. Cottrell, and the litigation will be led by David Stoelting. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Western District of Washington, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-EzfvldUcZ
That deal with Tarpon reduced STLK's debt by 90%. $700K in debt is a lot better than about $7M. FWIW
A float from Nov of last year? Lol. There's nothing in the filings to indicate there are that many restricted shares.
In 2013 KCN Capital converted their 200M restricted shares into common shares. So those are gone. There are only the 10M preferred shares given to GTG.
Financing their lifestyle is what they're doing.
Do the math, you posted the formula.
4.49B OS - 10M Restricted = 4.48B Float
With zero change in the restricted shares, which is 10M, the Float has increased every quarter at the same rate the OS has changed.
Fact is, the Float is over 4B. It used to be a mere 34M.
LATF Dilution Machine....
Period Ending Dec 2012 the OS was 34,418,840
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=98306
Period Ending March 31, 2013 the OS was 226,381,592
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=105431
Period Ending June 2013 the OS was 382,918,840
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=111806
Period Ending September 2013 the OS was 1,232,474,395
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=111812
Period Ending December 2013 the OS was 3,109,425,314(up 1000% from year before)
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=119337
Period Ending March 2014 the OS was 4,496,869,714
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=119433
If they were using the funds to expand the company it would be fine but, they're doing it to expand their wallets. Vu Le travels all around the U.S. at the shareholders expense.
The company is not diluting. And unless you can prove otherwise
The filings clearly show dilution at it's finest. That's all the proof you need. Read them!
The contract is for Versant.
http://v3rsant.com/index.html
STLK wasn't actively operating since Dec. 2009, they were apparently involved because they were taking over the shell.
Part C Business Information
Item 8: The nature of the issuer’s business
A. Business Development.
STLK has not actively operated since December 2009. On October 15th, 2012
ACGX sold its controlling interest of Preferred A and Preferred C shares in
STLK to Versant I, Inc. on October 15th, 2012. Subsequently the Company has
agreed to merge with Versant Corporation, a Delaware corporation, with its core
focus on renewable energy generation. Versant Corporation will operate as a
wholly owned subsidiary of STLK.
http://www.otcmarkets.com/financialReportViewer?symbol=STLK&id=92823
As of April 15, 2014, 1,400,000,000 shares of our Series B Preferred Stock have been designated, of which all are issued and outstanding and held by one shareholder.
They obviously did some consulting for STLK. If they're in default I doubt they're gonna sue themselves.
Touché! Lol.
GLTY Snizz!
Who's left?
Was Asher the only toxic financier here?
Guess we'll have to look at the filings. Right?