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Re: Rich post# 26620

Saturday, 10/18/2014 9:30:23 PM

Saturday, October 18, 2014 9:30:23 PM

Post# of 36237
I agree. Related party notes are about $75000. Loaning company money includes wages and salaries the company owes officers of the company. These are considered unsecured loans, not notes. The consulting company (owned by a related party) note, may or may not be a convertible note, but an unsecured note. If that is the case, the total sum of convertible notes are held by unrelated parties.

However you want to slice it, nearly $1 million(or better) convertible notes are held by unrelated party (or parties). My suspicion is they are held by Asher. And whatever you want to call them, I call them toxic and dilutive.

And I will also speculate you will see more of them in the next 10Q. If insiders were lending the company cash, why are they still issuing convertible notes? And why don't they just pay Tarpon off in cash? Your supposition that related parties are pumping cash into STLK makes no sense. The company is broke and existing on loans that are convertible into shares sold into the market. Not a very pretty picture for investors and/or short term flippers.


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