Retiring
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Those filings show numbers from over 6 months ago. Those numbers increased a lot until the RS, for sure. The K will tell the tale.
Don't get me wrong, I'm all for this company but, I can't sit by and watch you post false things like, Tarpon being paid off and the CEO stepping down.
In any case, your argument, holds no water.
Read the Q.
Liability Purchase Agreement
On March 19, 2014, the Circuit Court of the Second Judicial Circuit in and for Leon County, Florida, entered an order approving, among other things, the fairness of the terms and conditions of an exchange pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended, in accordance with a stipulation of settlement between STL Marketing Group, Inc., a Colorado corporation, and Tarpon Bay Partners, LLC, a Florida limited liability company, in the matter entitled Tarpon Bay Partners, LLC v. STL Marketing Group, Inc. , Case No. 2014-CA-278. Tarpon commenced the Action against the Company on February 6, 2014 to recover an aggregate of $519,282 of past-due accounts payable of the Company, which Tarpon had purchased from certain service providers of the Company pursuant to the terms of separate receivable purchase agreements between Tarpon and each of such vendors, plus fees and costs. The Assigned Accounts relate to certain legal, accounting, and financial services. The Order provides for the full and final settlement of the Claim and the Action. The Settlement Agreement became effective and binding upon the Company and Tarpon upon execution of the Order by the Court on March 19, 2014.
Pursuant to the Settlement Agreement, the Company shall issue and deliver to Tarpon shares (the “Settlement Shares”) of the Company’s Common Stock in one of more tranches as necessary, and subject to adjustment and ownership limitations, sufficient to generate proceeds such that the aggregate Remittance Amount (as defined in the Settlement Agreement) equals the Claim.
In addition, pursuant to the terms of the Settlement Agreement, the Company issued to Tarpon the Tarpon Initial Note in the principal amount of $25,000. Under the terms of the Tarpon Initial Note, the Company shall pay Tarpon $25,000 on the date of maturity which was May 31, 2014. This Note is convertible by Tarpon into the Company’s Common Shares (See Note 8).
Also per the Company’s agreement with Tarpon, the Company issued the Tarpon Success Fee Note in the principal amount of $25,000 in favor of Tarpon as a commitment fee. The Tarpon Success Fee Note is due on September 20, 2014. The Tarpon Success Fee Note is convertible into shares of the Company’s common stock (See Note 8).
In connection with the settlement, and during the nine months ended September 30, 2014, the Company issued Tarpon 176,088,000 shares of Common Stock from which gross proceeds of $245,550 were generated from the sale of the Common Stock. In connection with the transaction, Tarpon received fees of $80,793 and providing payments of $164,758 to settle outstanding vendor payables.
Looks like there's roughly $350k left. Yes?
MR. M, you are wrong about Tarpon being paid in full. You need to take a look at the last Q. It clearly states what is still owed to Tarpon.
The split happened because the OS was almost maxed out and rather than increasing the AS and adding more shares, STLK did a RS instead.
There's no reason to argue about this, just read the Q...
https://www.sec.gov/Archives/edgar/data/1569055/000160423214000130/stl_marketing10-q.htm
You may want to let everyone else know, on that other board, about Mr. Quiros denying he mentioned anything about resigning as CEO.
That's what you get for listening to somebody's sister on Facebook.
FWIW... it pains me to think about having another CEO. Jose is the only choice for CEO. It's his company. It's been a mess and it's not all his doing but, he knows it and what's going on like the back of his hand. If he steps down, this little symbol is toast. His father is too old and Kniep isn't qualified, imhfo.
I've been communicating with Jose for years(we've been emailing tonight too) and it hurts me more than I expected, to see him go through this. Losing his son was tragic. Losing his wife, weeks later, cannot be put into words.
I'm not ready to think about sweeping him under the rug.
Wouldn't blame him if he did. If he continued to work, it may help to keep his mind off things but, his wife worked along side of him so it may make things more difficult.
I'd like to know more about his son's death. Turns out, the Cadets were told to use the 'buddy system' when using the trails on campus because of recent attacks?!?! WTF!
Crazy stuff going on here.
Agreed. I couldn't imagine going through that.
I was doing some reading and it turns out that 2 cadets(including Quiros) have died at the same Academy in the last six months. The other was ruled a suicide. Kinda fishy, if you ask me.
Yeah. Been trying to keep up until news as to whether or not it was her. Very tragic, to say the least.
Yeah, I was just reading that. Terrible news for Mr. Quiros. I could not imagine what he's going through right now.
Body discovered by hikers in area where search was centered for missing mom
Hikers discovered a body Saturday morning in the area where searchers had been looking since Wednesday night for the missing mother of an Air Force Academy cadet who died in early April.
http://gazette.com/body-discovered-by-hikers-in-area-where-search-was-centered-for-missing-mom/article/1549912
Authorities still don't know if it's a man or woman.
Hmmm. Very interesting.
Better alert $treet Trader and the .0001 PICKS ONLY board.
It's a good business model but, with that SS, it will need a mass of buyers to get it moving.
Get in, get out, play on the swings, don't hold it long, a RS is bound to happen.
The hostile takeover theory is pretty far fetched, imo.
I might throw some couch change at it, just for shits and giggles.
The only thing that is real here is the scam itself.
You're wrong.
The dilution isn't coming from the CEO or the BOD.
Nobody does the DD, they just jump right in and expect positive results.
MR.METICULOUS... this share structure won't last.
I highly suggest you take a good look at the SEC filings, especially the 8-K that I posted the link for and you'll find out why. The last pump failed and this one will too.
FWIW... I like the company, the CEO, and all the bullshit that comes with it but, I won't feed you a plate of bullshit and then try to convince you it's apple pie.
What's the matter? Things didn't go as planned for STLK?
If anybody had done an ounce of DD before buying, they'd know what condition the company is in and wouldn't recommend STLK as a buy.
A small SS is not a reasonable reason to buy a stock. Unless one plans on frontloading then pumping to sell their worthless shares to someone else. Which is ethically wrong, btw.
Ciao
Yep!! It's coming again 'waterchaser'. The LATF BOD are up to their old tricks again.
Yeah? Ya know what's gonna happen next?
I'll tell ya. With the OS sittin at a whopping 7B and the AS at 10, they'll start pumping this turd to start selling more shares to the naïve.
The AS WILL go up to 20B shares and they'll dilute the piss out of this thing until the story runs dry again.
Watch!
What a farce!!
Compare these financials from Period Ending June 2014... http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=125057
to the one's they uploaded today... http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=135140
They're identical. They had zero revenue in 6 months? C'mon man!
They uploaded another filing with the first and last names of every shareholder that received the divi back in 2013.
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=135131
Why would they release that type of private info? My name isn't on it because I never owned any part of this turd but, other peoples names are on that list that may be concerned about their names being released like that. Electronic fraud runs rampant nowadays.
These guys screwed up back when they first hijacked this shell and decided to use HESG's old filings to fabricate their own Initial Disclosure Statement.
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=97999
LATF CANNOT be trusted. They're trying to revive this scam and it shouldn't be believed. Problem is, many will fall victim to this bullshit.
Things aren't always as they seem. LATF is run by a bunch of proven OTC scammers.
Better get some pics because it looks like it's in the middle of the desert.
https://www.google.com/maps/place/18135+Spur+Ranch+Rd,+Peyton,+CO+80831/@39.1027904,-104.5314898,39m/data=!3m1!1e3!4m2!3m1!1s0x876cccf74dd2e1bf:0x12b8e7a037bce2c9
BB has the inside track on STLKD
What a bunch of hogwash. LOL!!!
Nobody has mentioned the two elephants in the room. Ya know, the 2 SC-13Gs that were recently filed.
The first one to KBM Worldwide... SMH... the President, Seth Kramer, is the brother of Curt Kramer, who is the President of Asher Enterprises.
The second one to, Union Capital... the jury is still out on that one. Yakov Borenstein. Name kinda rings a bell.
C'mon Quiros. You can do better than that.
That debt reduction comes with a catch. Read this.... https://www.sec.gov/Archives/edgar/data/1569055/000149315214000834/form8k.htm
I fail to see the logic.
Lol. No... the company just did a R/S, not a R/A. Do you have any clue as to why they did it? I doubt it.
They're websites have looked pretty good for a long time. No revelation there. In fact, nobody has presented ANY DD that isn't already old news.
So, with that being said, what's so fabulous about this stock? The SS? Is that all?
How many bagholders are going to be left behind because of this baseless pump?
It's just a trade, right? Why bother with the fundamentals?
Based on what criteria?
Because it's a frontloaded, pump and dump?
It's quiet because there's no basis for this pump except for the SS. It's a clear pnd right now.
This ERBB story is over. Nice recovery today. However, there are 2 more trading days left this week. Friday is looking like a nice day to release some bad news.
They haven't filed a damn thing in 6 months. This turd is dried up.
The scamargument is out and done for. We all believe this company will succeed with a great product.
Lol. We all believed in Santa Claus too, see how that turned out?
I contacted the Exhale Med Center...
http://www.exhalemedcenter.com/contact/
inquiring as to whether or not this PR was legit...
http://www.marketwired.com/press-release/los-angeles-area-exhale-med-center-selects-zazzz-otc-pink-erbb-1995800.htm
No reply yet but, I'll call them if I have to and if it turns out it's a bunch of BS, there's no chance this will hold a penny.
The scam argument isn't over, not in the least. It's obvious ERBB is more about American Greed than American Green.