lowtrade

[lowtrade]

OTC day trade, which could turn into a swing; STLK had 50 mil OS dilution from Dec 2013 to May 2014. 27%
Tarpon in .001 +/- (Tin foil hat speculation; this pop was after price pull down to .002 30 days lows for 50% discount entry, on note conversion) and Asher in 1st, (April 3 ownership filling) with no sign of volume dumping yet. The Apr 3 stock price was around .01. No idea of their discount for funding or the deal worked out. No disclosure info. So I'll conceder .01+ their wanted dump level for now.

Both have 9.99% of OS now. IMO; About half the 50 mil dilution. (27mil together, 13.5 mil each (9.99%) at 10x different price levels) Didn't check who has the rest, but it's out there. OS 180 mil now from 139 mil.

This could be the attention pop, (.001 to .01 Tarpon) That's why I posted day trade. But if .01 Asher April 3 ownership filling price point is reached. Manipulation could change hands and swing higher.
Trade at your own risk.

http://stockcharts.com/h-sc/ui?s=STLK&p=D&yr=0&mn=3&dy=0&id=p61275223667

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Strong watch ELRA same VCs involved but a smaller ownership ratio. 10% dilution from Mar 14 to May 8. With Reverse split May 2. Low floater now! 5.6 mil OS

Ps; May 13th to now volume increases, look like an OTC insider & friends accumulation action @ lows. Often seen just before a manipulated run start. One of my TIPs about darkside trades. Large volumes at lows with no price action. June especially.

Accumulation could have been bottom fishers, but started after price pop. They don't buy bottoms by fighting an up trend. Bottom fisher enter after 5 day of lows holding, as a rule.

So IMO insiders and friend are set for a run now. And caused the no volume price pop, to lure bag holders into selling on a get out higher selling op, the minute it retraced. I think the recent action was all planned.

POP it, shake weak shares loose for accumulation THING.

Check May to June chart action.
http://stockcharts.com/h-sc/ui?s=ELRA&p=D&yr=0&mn=3&dy=0&id=p82017555058

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Tarpon buys up debit, then settle in court for toxic funding deals.

ELRA issued shares for Tarpon deal Feb & March with a 6 month hold released mid June +/- on the note, in their deal.

ELRA

On December 20, 2013, the Company entered into a settlement agreement with Tarpon Bay Partners LLC (“Tarpon”) where by Tarpon acquired certain claims against the Company in the amount of $2,656,152. According to the agreement, the Company will issue a convertible note of $132,000, maturing in 6 months and convertible to the Company’s common stock at a 50% of the lowest closing bid price for the 20 days prior to the conversion. Pursuant to the agreement, the Company and Tarpon submitted the settlement agreement to the Circuit Court of the Second Judicial Circuit, Leon County, Florida for a hearing on the fairness of the agreement and the exemption from registration under the Securities Act of 1933 for the shares that will be issued to Tarpon for resale (“Settlement Shares”). 75% of the proceeds less all applicable fees and charges from the resale of the Settlement Shares will be remitted to the original claim holders of the Company (“Remittance Amount”). The Company agreed to issue sufficient shares to generate proceeds such that the aggregate Remittance Amount equals $2,656,152. On January 27, 2014, the court granted an approval of the settlement agreement. On February 20, 2014 and March 6, 2014, the Company issued Tarpon 3,740,000 and 4,190,000 shares of its common stock, respectively.

No hold restriction on note at STLK

STLK

Pursuant to the Settlement Agreement, on March 20, 2014 (the “Issuance Date”), the Company issued a convertible promissory note in the principal amount of $25,000 in favor of Tarpon (the “Note”). The Note is due on September 20, 2014 and bears interest at a rate of ten percent (10%) on the principal amount or such lesser principal amount following the conversion(s) of the Note (the “Outstanding Principal Amount”). Accrual of interest shall commence on the Issuance Date and continue until the Company repays or provides for repayment in full of the Outstanding Principal Amount. The Note is convertible into shares of the Company’s common stock at a conversion price for each share of Common Stock at a fifty percent (50%) discount from the lowest closing bid price in the thirty (30) trading days prior to the day that Tarpon requests conversion (the “Conversion Price”), unless otherwise modified by mutual agreement between the Company and Tarpon; provided that if the closing bid price for the Common Stock on the clearing date is lower than that used for the Conversion Price, then the Conversion Price shall be adjusted such that the discount shall be taken from the closing bid price on the clearing date, and the Company shall issue additional shares to Tarpon to reflect such adjusted conversion price. For interest that accrues pursuant to the terms of the Note, the conversion price shall be $0.001, par value, regardless of the trading price.