On the STLK if the following happened why does ACGX owe over $200,000.00 to STLK down from over $300,000.00..??? This is from the 10K..
On March 5, 2012 ACGX purchased all the issued and outstanding preferred stock in STLK for $25,000
by taking over debt and on September 9, 2012 ACGX entered into a binding LOI to sell all of the
preferred stock in STLK to Versant Corporation. The parties closed on the sale Monday October 15,
2012. The terms of the deal include 3 payments of $25,000 each. The 1st payment was due at closing,
the 2nd payment was due in late November 2012 and the final payment was due in Jan 2013. STLK also
entered into a 6 month consulting agreement with ACG that went until Mid-February 2013. The terms of
that agreement include a total compensation packaging of $10,000 a month in future stock after STLK is a
fully reporting company. Prior to this quarter the Company had received the $25,000 for the first payment
from October 15, 2012, $55,000 for the 2nd and 3rd payments and some Interest during Q2 of 2014 and
nothing for the consulting agreement yet. The Company was one the debtors included in STLK’s recent
3a10 filing where the court approved this action on March 19 2014 to help collect the $50,000 plus
interest for the preferred shares. During the 2nd quarter ACGX was paid $55,000 from the 3a10 group.
During the 3rd quarter the Company was paid the final $5,497.27 for the remaining additional interest.
As for the consulting agreement shares, STLK is now a fully reporting OTCQB company, and has also
reversed its stock, so they should be able to issue shares to ACGX in the near future, hopefully by the end
of 2015. In the meantime interest is being accrued.
On August 14, 2013 ACGX launched a new website www.Print4aCause.com
Print4aCause was founded on the principles of integrity, creativity, compassion and, most importantly,
