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Re: Snizzle post# 19297

Tuesday, 05/20/2014 7:01:17 PM

Tuesday, May 20, 2014 7:01:17 PM

Post# of 36237
These notes have been mentioned in all past filings and most investors here still decided to invest in STLK based on the PPA in the past despite all these convertible notes.

The issue is the PPA hasn't been signed as of yet and the CEO needs to address this as this is the CATALYST for this stock, right now the financial statements mention this:

We believe the signing of the PPA is the most critical milestone for the Company to move forward with the development of the wind park. 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.


If you notice, since Dec 2013 the NEW convertible notes were the following since then:

Convertible at a 42% discount of the lowest three closing prices during the 15 trading days immediately preceding conversion. Note matures in October 2014 and bear an 8% interest rate. 42,500

Convertible at a 42% discount of the lowest three closing prices during the 15 trading days immediately preceding conversion. Note matures in December 2014 and bear an 8% interest rate. 32,500

Convertible at a 50% discount of the lowest of any day during the 15 trading days immediately preceding conversion. Note matures in March 2015 and bear an 8% interest rate. 21,500

Convertible at the greater (a) $0.015 or (b) at 50% of the lowest closing bid price during the 30 trading days immediately preceding conversion. Note matures in September 2014 and bear a 10% interest rate. 25,000
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