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Here's an interesting question: what percentage does ACGX own of STLK?
I have no idea, even when they were publishing accounts it wasn't mentioned at all.
My suspicion is that the preferred shares have 95% of the voting rights.
So value of shares could be $8m x 5% x1/21,000,000 = $0.02 ps approx
So not quite your 50 cents, but room for improvement.
The ACGX BB is likewise trying to get an answer to what voting rights attach to the preference shares.
Over what period of time has the $1,152,000 been raised? And when was the most recent valuation made?
And notice they raised this money in exchange for shares, which means dilution, which usually means a lower Share Price.
But not always, it does depend on how close they are to putting up the infrastructure needed for teh wind farm.
Conversion Rate of Preferred Shares.
I don't know the percentage for ACGX, but STLK had a similar structure and was a reporting company for a while before Sorkin took over. As I recall the preference shares had control of 95% of the voting rights.
The named owner of the preferred shares may not be the beneficial owner, he could hold them on trust for someone else
Reverse Split on its way I'm afraid
A reverse meger is where a private company with a business, merges with a shell company that is basically dormant. The reason why private companies do this is; a) to avoid an IPO which can be expensive and b) raise money.
Think about the share structure. A majority of shares will be owned by Sorkin & St Louis. I can't see them gifting their shares to the owners of the new company. They are more likely to sell out whilst they can. No doubt shares will be issued to the new owners once the merger has taken place.
In theory, a reverse split shold be neutral, as the SP goes up in reverse proportion to the share resturcturing. But the SP invariably starts to drift downward afterward.
On the positive side, it's good that the company will be active again. But don't get too excited, companies with much better assets are being hammered as a result of the recession. Cash is the key, does the new company have enough money to realise its plans? $1.8m may not be enough,
STL Marketing Group, Inc (PINKSHEETS: STLK) has signed a Binding LOI (Letter of Intent) to merge with Versant Corporation. Versant focuses on renewable energy generation and has an exclusive development contract for a proven site in Northern Costa Rica that is comprised of over 5000 hectares (over 12,400 acres). Wind expert, GL Garrad Hassan, has reviewed the wind data over the past five years and the company has completed a majority of its environmental studies and preliminary permitting. Additionally, the Export-Import Bank of the United States has issued a sixty (60) million dollar Letter of Interest.
Jose P. Quiros will be elected the new CEO of STLK at the closing. Mr. Quiros holds two degrees in Economics/Finance & International Business Management and graduated Summa Cum Laude for both degrees from Barry University. Most recently Mr. Quiros was the Chief Operating Officer for CETIS, Inc where he grew the company's revenue by 400% in four years. Mr. Quiros believes that "The renewable energy sector can become an important part of supplying the world's needs for power and that it can be a profitable sector if managed properly."
Ing. Pedro P. Quiros is the Chairman of the Board of the Versant Corporation and is the former CEO of the Instituto Costarricense de Electricidad, Costa Rica's state owned telecommunications and energy company with over a billion dollars in revenue and 20,000 employees. According to him, "Costa Rica has an energy shortage today and our goal is to use our significant resources, relationships and experience to help fulfill a small portion of the potential $5 billion shortfall for electric infrastructure projects in Costa Rica over the next decade."
The Company comes with strong local support as well. "We firmly believe that through this sustainable economic, social and ecological project we shall improve the quality of life of our people. This gives us very positive expectations on the achievement of wind power generation in La Cruz. As such, we commit to act as facilitators for this project, with the hope it becomes a model with regard to both the environment and social development." Mayor Carlos M. Gonzaga Martínez, Alcalde Municipal, Canton de La Cruz.
Versant has raised a total of $1,152,000 as a private company so far in exchange for equity in their company with the most recent raise being based on an $8,000,000 valuation. STL Marketing Group, Inc has not issued a single share in almost two years and will not issue any additional free trading shares to anyone at this time. If any free trading shares are added in the future the addition will not take place until after the merger is finalized and all reporting requirements are up to date. The current outstanding common share count in STLK as of September 18, 2012 is 18,759,792.
Current CEO of STL Marketing Group, Paul Sorkin, said, "We have negotiated with a number of potential companies to find the best overall fit and we believe this is an incredible opportunity to help significantly increase future revenues, profits and shareholder value while helping the environment. We have also agreed not to issue any shares or reverse the stock at this time and we will move forward with auditing the company and filing a registration statement to up list the company to a higher exchange and become a fully reporting company."
About STL Marketing Group
STL Marketing Group (PINKSHEETS: STLK) is a marketing and management company.
About Versant Corporation
Versant Corporation is a Colorado based renewable energy company whose primary focus is to develop and operate renewable energy projects. Its first stage of development is focused on wind energy facilities in Costa Rica. For more information on Versant, please visit our web site at www.v3rsant.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Media and Investor Relations Contact
Phone 312-324-0433
info@STLmarketingGroup.com
Seems a lot can happen whilst one's away!
Hi Tomash. Your guess is as good as mine! ACGX does owe STLK some money, but I haven't seen any accounts or updates since November 2009, so no idea.
There was some talk last year about a tie up with United Fuel Savers, but this no longer featured in ACGX's lastest trading update, so this may have not got going.
Interesting that Sorkin is ACGX's consultant now, is history about to repeat itself?
Slight correction, St Louis Printing & Packaging merged with Paul Sorkin's company, Image Magasine, which was then renamed STL Marketing in April 2009.
at the same time Paul Sorkin transferred the CEO to Steven St Louis, and became the General Consultant to the company.
Then in November 2009, St Louis Printing and the other businesses were transferred to Invita Trading, now ACGX. STLK now a dormant company.
Is history about to repeat itself? Why has Sorkin stepped down from the CEO position at ACGX?
OK, STLK has risen back again. Guess it's just the margin on buy and sell that's causing the huge changes
SP has nose dived recently, from $0.0040 in May to $0.0011 now. Has anyone any idea why this is?
STLK files its Annaul Return with the Colorado Secretary of State
http://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do
Have to enter STL Marketing in Search, doesn't recognise STLK
Doesn't tell us much, but at least it indicates they want to keep the company alive!
STLK has just updated their Annual Return.
No details of any accounts yet, but at least their are keeping the company 'in good standing'
Checked it out, it is a scam
http://www.justanswer.com/fraud-examiner/6josy-contacted-alistair-donovan-new-england-private.html
They wrre offering to buy the shares at $0.87, though in a different company called Net Commerce Intercorporated. A firm without the 'd' at the end does exist.
They had our shareholding correct and knew our details.
In the UK, the FSA has just sent out a letter to everyone who is on a known scammer list.
http://www.investorschronicle.co.uk/2012/04/25/shares/news-and-analysis/are-you-on-a-boiler-room-hit-list-c1yqZD6db0PdRDuiNXSYON/article.html
Unfortunately a lot of UK investors were hit by a Safeguard Technology boiler room scam. Most still have their shares, but are sitting on large losses.
One shareholder in the UK has told me that STLK have been taken over by Net Commerce Intercorporated and that a US Private Equity fund is buying the shares from shareholders directly.
Can't find any US company with this name, though there is a Net Commerce intercorporate.
Suspect this is a scam, anyone have any thoughts on this?
Been a while since I looked in here, but I see that nothing has changed.
No information on progress on projects
No updates about anything else
No accounts even!
This share is as dead as a dodo!
Some interesting questions: -
No reason was ever stated for transferring core business to ACGX or IVIT as it then was. Paul Sorkin became the CEO of IVIT in May 2009, whilst handing the CEO position to Steven St Louis at STLK. But he stayed on as a consultant, and many think he still made all the decisions, with St Louis being just a figurehead.
But my suspicion is it was retaliation against pesky shareholders, some of whom got into STLK via a boiler room scam, so they are not happy bunnies.
I think there was a sum owed to STLK by IVIT/ACGX. There would have been shares issued to STLK in compensation but nothing was ever disclosed as no accounts were ever filed after the transfer. Remember that these businesses are barely solvent, so not worth much in the first place. Steven St Louis was put in charge of the STL Printing department within IVIT/ACGX. I have no idea how much he is paid.
STLK shareholders got nothing from this deal, except a falling share price.
There was a flurry of excitement in February when the state filing finally got updated (after 2 years). Some people thought that the SP was about to rocket and jumped in with both feet. I think they got confused by the news coming from ACGX. I pointed out that the company did not have any business and it all went quiet again. See all the posts back them.
I won't tell you how many shares I have, except to say that the number keep going down every 2-3 years.
Yes it was a great company until all businesses were transferred to ACGX.
We don't have final accounts for 2009 or 2010, OTC has it on grey status, ie not reporting the share price. So we are completely in the dark here. Not good if you're thinking of investing!
But there is a hint if you look at ACGX's recent PR that financials for STLK are about to be updated. Don't expect miracles!
What's the fixation with the float? This company is dead, no accounts, no news, no prospects.
From 14 Sept News:
"We are also preparing the paperwork to get the company to current status on the OTC markets"
Thought ACGX already had 'current status on the OTC markets'.
Is Sorkin refering to STLK, currently unquoted on OTC?
This was tagged on to a Snap Graphics announcement, so perhaps it's understandable that Sorkin might get a bit confused as to which company he's talking about.
Interesting point. The Company's cash position indicates they have no need to dilute, yet the float continues to grow by about 10% per month.
Why? Could it be that that extra shares are for Sorkin and that he is funding his living expenses this way?
How come we never hear any announcements as to when extra shares are issued and to whom?
What's the fixation with the float? Thsi company is dead, no accounts, no news, no prospects.
You seem to be basing your optimism on Earnings Per share, presently $0.13 per share. But I think you have overlooked the history here.
At Dec 10 the EPS was $0.26, but in the previous quarter, Sept 10 it was $0.0001. The EPS is presently high because of a massive Reverse Split, 1:2000 in Dec 10. There are lots of shareholders all nursing huge losses here.
Presently outstanding Shares appears to double every 2 years. No SP can cope with this, any rises are quickly sold into.
Yes the company does seem to be improving on it's worst quarter last year. But with nothing set aside for depreciation, one wonders how genuine these figures actually are.
The company is insolvent by about $300,000. If everything goes to plan, it could well be solvent by the end of this year. But I think there are better companies to invest in, especially in the present depressed market.
Just remember this is a series of Joint Ventures, so the revenues will be meaningless.
Results are now out for the June 2011 quarter. And what a quarter!
The final upgrade to the production line began in March (I suspect). Whilst this was going on, production was moved to a temporary factory (no idea where).
Consequently, Sales have fallen 41% from last quarter, itself a mediocre result. The September quarter will be similar, as the new factory is expected to be completed in September. Sales are only 2% down on last year, but this decrease will be much greater next quarter, as September 2010 was a good quarter.
Nothing has been spent on R&D so far this year. Other Admin expenses are 66% up on last quarter, hardly surprising considering the factory move. None of these expenses were paid in shares this quarter.
Operational Profits are up 5% on last year, but 53% down from last quarter. Interest costs have increased 83% on 2010. About 20% of Plant & Machinery was scrapped during the move, giving rise to a hefty Fixed Asset Impairment. The Share Warranty Liability has risen in compensation for the crash in the share price. Excluding Share Placement and Warranty costs, the Net Profit to date is 75% down on last year.
$5.7m Capital Expenditure has been incurred so far and a further $1m is required to complete the construction of the new production line. I would expect at least another $2m will be needed for new machinery once the production line is ready.
Poor profits and high capital expenditure has lead to a massive cash crisis, Net Working Capital is $-3.5m, down from $-1.5m in the previous quarter. Accounts Receivable and Inventories are at a record low, Accounts Payable has gone back up to a more normal level. Both are still very low compared to Sales and Purchases.
The drain on cash flow has been made up with $2m in Short Term Loans. The management have stated that they expect the liquidity demand can be met for the next 12 months. This is a critical statement, as $6.8m loans could become payable over that period, though I expect $1.7 of this, owed to related parties, to be repaid over a much longer period. The management appear to have taken a gamble that with full production after October, they can generate enough cash in a year to repay these loans when they fall due. A very tight calculation in my opinion. Possibility the loans falling due in 2012 and 2013 have forced their hand.
And then what next? The presentation states that the market for their product is thought to be 300,000 tons. So they could soon be constructing another 120,000 production line, but this time with money from a share placement, courtesy of their new investment advisors. The presentation indicates that the State is their main customer, what happens when their support is withdrawn?
Results are now out for the June 2011 quarter.
http://www.otcmarkets.com/stock/ACGX/financials
Year to date Sales are 51% down on the June 2010 period, however 'revenues' aren't everything. It does look like the company is recovering from the disastrous results in Sept 10. The June quarter sales are 33% up on the previous quarter. Gross Profit, a more important figure, is also down 43% on last year, though the GP % has held up at 24%, compared to 21% last year.
Net Profit to date is 40% down on last year, though the quarter's profit is 68% up on the previous quarter.
On the Balance Sheet, Current Assets have increase by $652,038. The increase in Accounts Receivable accounts for most of that increase, indicating that activity is picking up.
£93,000 has been spent on Machinery & Equipment this quarter, $41,277 of which has been borrowed.
Looking at the figures for Fixed Assets over the last year, I made a shocking discovery. It looks like assets are not being depreciated! It would not surprise me if depreciation was not charged until the final quarter, but the figures for Machinery & Plant are unchanged from the previous quarter. Their accountants must wince every time they sign off these accounts! If this is true, then Fixed Assets may only be worth 50% of the amount shown.
And of course Goodwill etc has remained unchanged since the September 10 quarter.
Current Liabilities have increased in line with Current Assets. Suspect the Line of Credit with Centrust Bank is factoring debts. Net Working Capital has continued to improve, now up to $931,475.
Equity shows as $999,019 in the accounts, but my calculations suggest a true equity figure of $-331,870. Still insolvent then, but this is nearly 25% of the previous year's deficit, so things are improving. Pity we keep finding more skeletons in the closet.
Speaking of which, shares in issue have increased by 62% since the beginning of the year. And while there has been an improvement in net assets over that period, I don't see justification for a 62% increase. No doubt this explains why the share price had been in a steady decline over the same period
Tomash, be aware that most of the news items are for a different company, ACGX. STL Marketing used to own STL Packaging & Printing, but the business was transfered out to ACGX in November 2009.
Since then we are totally in the dark as to what STLK is doing (not much I fear). Pink Sheets have ceased quoting the stock. Accounts need to be brought up to date.
I get the impression that Sorkin has lost interest in this company
SP $0.015 next month?
Would hope that we have some hard information by then as to what's actually happening with this company.
Otherwise you're buying blind as there is nothing to research
And what will be the sell price, $0.007?
Probably due to the recent rise in ACGX share price.
Quarterly accounts awaited for ACGX, could show an improvement in net worth.
But we have no accounts for STL since Sept 09, completely in the dark here.
buddabelly2
Been a while, does St. Louis Packing still have its own ticker?
No, the STL Marketing ticker has no assets, other than shares in ACGX
Did there share holders make money from the merger?
No, they lost money
Whats the sudden interest in IVIT, sorry ACGX? Is news expected?
Quarterly accounts due soon, hopefully the worst is behind us
Whats the CEOs record on taking care of shareholders?
None, I imagine quite a few would sue him if they could
Ra Ra Ra go IVIT, I mean ACGX. I may be wrong, but did the company dump a bunch of share, say manipulation,R/S, than post meaningless dribble about hosting a party?
Yes
STL Packaging & Graphics looks like a great business. Shame it's in the wrong company
Results are now out for the March 2011 quarter. Although ANNO admits to not be fully clued up on American Accounting Standards, their accounts have a lot of good information in them,
Sales are up 6% on the previous quarter which is somewhat disappointing as production had to be halted in October for essential maintenance. Nevertheless Year to Date Sales are up 35% on the previous year. Admin expenses are likewise up 38% on last year. Shares issued in lieu of payment amounted to almost 70% of costs.
Operational Profits are up 44% on last year. The Share Warranty Liability has increased, but with the present SP about a third of the excise price, these are unlikely to be excised for a while.
Net Working Capital is $-1,531,115, down from $87.609 in the previous quarter. It looks like they are squeezing every cent out of the business to fund construction costs. Trade Creditors are a sixth of what they were in September 2010.
Shares issued are 31.1 million, hardly changed from last year. A good sign that they are doing all they can to avoid dilution.
$1 m has been spent on construction in the last 6 months. $3.5 m is still needed to complete construction of the new production line, unchanged from last quarter. Production has increased by 22% to 50,680, though this would be much higher if we were close to completing construction of the new production line. It is possible that capacity will jump significantly once construction is finished. They are very vague as to when the new production line will be complete, some time in 2011. I would not be surprised if it drifts into 2012.
Which is concerning, as $2.5 m long term loans are due for repayment in 2012 and 2013. I suspect the lenders might be persuaded to roll over their loans for a short period if ANNO is close to attaining full production.
2009 accounts still not filed. Pink Sheets has not been updated either.
Is Sorkin serious about continuing with this company?
From ACGX's March 2011 accounts - they owe STLK $310,000.
That's about all we know about STLK's accounts at the moment!
Comments on March 2011 accounts:
Sales for the first quarter are 61% down on the March 2010 quarter. Not good! Even though last year was a rollacoaster for Sales and the March 2010 figures were exceptionally good, this quarter's figures are still 33% down on the average for 2010. These results are only slightly better than the worst quarter in 2010.
The only positive I can find is that Gross Profit % is steadily increasing, compared to previous quarters. Needless to say, the $127,337 Net Profit is poor, compared to an average of last year's quarters.
The Balance Sheet shows that $100,000 was invested, presumably in United Fuel Savers.
Bank & Cash balances are at $279,564, a little on the high side. It suggests to me that worse is to come, so cash is not being lent out on fixed repayment terms.
The most interesting revelation is that we have $218,664 vehicles in Fixed Assets that were previously shown as Fixtures & Fittings! Always thought that figure was a bit high. Against this are $129,115 auto loans. Suspect this is something to do with United Fuel Savers, as is the Line of Credit.
Net Working Capital is slightly down from last quarter, though this includes the $100,000 investment in UFS. Notes Payable have increased, though it is good to see a breakdown of this important figure at last. Now we need to find out how much is due in the next 12 months, which should show up in Current Liabilities, not Long Term Loans.
In line with these results, the real equity deficit has increased to $632,395. It is a shame that the previous positive results for the December 2010 quarter have not been maintained.
Oops, wrong BB, was for ACGX
Results are now out for the March 2011 quarter.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=51065
Sales for the first quarter are 61% down on the March 2010 quarter. Not good! Even though last year was a rollacoaster for Sales and the March 2010 figures were exceptionally good, this quarter's figures are still 33% down on the average for 2010. These results are only slightly better than the worst quarter in 2010.
The only positive I can find is that Gross Profit % is steadily increasing, compared to previous quarters. Needless to say, the $127,337 Net Profit is poor, compared to an average of last year's quarters.
The Balance Sheet shows that $100,000 was invested, presumably in United Fuel Savers. Bank & Cash balances are at $279,564, a little on the high side. It suggests to me that worse is to come, so cash is not being lent out on fixed repayment terms.
The most interesting revelation is that we have $218,664 vehicles in Fixed Assets that were previously shown as Fixtures & Fittings! Always thought that figure was a bit high. Against this are $129,115 auto loans. Suspect this is something to do with United Fuel Savers, as is the Line of Credit.
Net Working Capital is slightly down from last quarter, though this includes the $100,000 investment in UFS. Notes Payable have increased, though it is good to see a breakdown of this important figure at last. Now we need to find out how much is due in the next 12 months, which should show up in Current Liabilities, not Long Term Loans.
In line with these results, the real equity deficit has increased to $632,395. It is a shame that the previous positive results for the December 2010 quarter have not been maintained.
SP has been volitile since Monday. down to $0.50 at one point.
March 2011 results should be out soon, market is nervously awaiting them.
HLNT looks like a really good company, like their dedication to transparency.
Hopefully UFS's costs will come down as they produce more.
Do hope they have more than 3 customers!
They said STLK has the exclusive distribution rights for ALL of MEXICO for ALL of their Go Green and United Fuel Savers products
========================
So does UFS or STLK have any prescence in Mexico? Yes there are millions of cars etc in Mexico, but how are they going to find out about UFS? And what about Europe, Asia etc, are they up for grabs too?
UFS only has 3 customers listed on their website. Whilst they may have more that aren't as prestigious, I get the impression that they are a small company. And unquoted, as far as I can tell.
Mexico!
Has the leopard changed his spots at last?
Note that this was a fairly straight forward announcement, no revenue projections given like he did for IVIT last year.
I am detecting a change in Sorkin's approach to his PR. ACGX is slowly turning the corner and may become solvent this year (most pinkees seem to be insolvent - but no one seems to mind!).
Maybe he has learnt his lesson from last year's debacle at IVIT, better to stick to facts this time than wishful thinking of grand revenue projections that never materialise.
I for one would be happy if we just got decent quarterly accounts giving us the true picture of the comany's finances.
Wow! Look likes things are hotting up again!
For over a year, STLK was dormant, nothing going on at all. Now we have a new business at last. So far there has not been any reaction from the market.
There remains the small matter of producing final accounts for 2009 and 2010, we've been kept in the dark for far too long.
STLK becomes the Exclusive Distributor for United Fuel Savers
http://www.prbuzz.com/energy/52084-stl-marketing-group.html
Chicago, IL / PRBuzz / April 8, 2011 -- STL Marketing Group, Inc (OTC: STLK.PK) is pleased to announce being appointed the exclusive distributor for all of the United Fuel Saver's current and future products, including but not limited to the new Go Green Hybrid Fuel System product, for all of Mexico. The agreement allows the company to distribute all associated hardware, accessories and enhancements for the patented Hydrogen-On-Demand Fuel Savings Systems.
United Fuel Savers designs and manufactures Hydrogen-On-Demand (HOD) Fuel Systems. They are currently creating the newest Go Green Hybrid Fuel System that helps trucks reduce their fuel usages and emissions. For more information on the company or their products go to www.UnitedFuelSavers.comor www.GoHybridFuelSystems.com
Newly elected CEO of STL Marketing Group, Paul Sorkin, said "STLK has been actively looking for a while now at a number of potential opportunities to help rebuild after dealing with some challenging business issues and I am happy to say we believe this is the right product at the right time to help us re-establish ourselves. This Go Green product helps trucks save on fuel costs while reducing emissions and with millions of trucks on the roads of Mexico we feel there is a tremendous upside here. This exclusive agreement gives us the ability to start our own sales teams while we also look for and build relationships with established companies in Mexico as well since they can't buy the product directly from the manufacturer without involving us. We are also going to be working on updating our disclosures and public information to give everyone a better idea of our current and future business plans and focus on rebuilding shareholder value. We apologize for any delays or confusion and will be sharing more information with the public as it becomes available."
December 2010 quarter results are now out. ANNO produces its quarterly results about1.5 months after every quarter, excellent work, well done!
http://biz.yahoo.com/e/110217/anno.ob10-q.html
Sales are down on the previous quarter as production had to be halted in October for essential maintenance. They have an adjustment to reflect differing prices for their share warrants, which is a little unusual. It has no effect on the cash flow.
Net Working Capital is back in the black, after the 1.6m deficiency in the previous quarter. However Cash and Bank balances are minimal, as every cent earned is going towards towards construction costs. About $1 m has been advanced to suppliers for construction work in this quarter.
$3.5 m is needed to complete construction of the new production line. As they seem to be generating about $1.5 m cash flow each quarter, this could be complete by their year end, 30 September, without the need to raise funds by a share placement. They have increased the production line to 41,500 tons pa, which suggests that capacity may go up further as construction of the new production line nears completion.
About $2 m long term loans are due for repayment in 2012 and 2013. So ANNO could be in trouble if the completion of the new line drifts into 2012. But if they get it right, they could be generating debt free cash by the middle of 2012.