STL Marketing Group, Inc. (fka STLK)

[zeekhoe]

STLK Corporate Dissolution - 4/6/17

Dissolution This option is similar to a Chapter 7 in its result. The Company has little in the form of sellable assets. If sold, the few thousand dollars in assets would have to be paid to creditors in order of priority, one of the highest priorities is unpaid wages. Dissolution is inexpensive and in the Board’s opinion the best way forward. STLK has the cash to afford this, has little to no assets, and priority claims would outweigh the asset values. The effect would be similar to a Chapter 7 and final. While the Company understands that it is a small consolation, a dissolution does give every shareholder a potential loss on his or her books that may be advantageous from a tax perspective (please consult your tax advisor).

This is likely my last correspondence with you. This has been the most damaging, professional and personal experience I, and our small team, have had to endure. Aside from the money we have lost, the lost opportunities career wise, I have lost half my family. Make no mistake the above was a stressor to my family, and we have paid a cost no one should have to pay for a business. Similar suffering has been felt by all involved, no wages, working in what could be best described as a stressful environment, with no personal gain and worse no good outcome for anyone.

I will close with a thought on the system, one I do believe is rigged, with the following anecdote. A while back I was watching a nature show on television. The show was about the North Pole and the nature in the area and featured polar bears. In one scene, the bears had found a dead whale. The bears of course were grateful for the carcass and there were quite a few living off the remains. At the time, I wondered how it would feel to be the whale. I don’t have to wonder anymore. For the last several years, the professional note holders have known the situation of the Company and continued to feed off of it, regardless of cost to stockholder, management or other stakeholders. We were powerless to stop the continued feeding cycle of these companies, and while I do not have any ill will or complaint about their business practices (it is what it is), I can say “no more”.

Sincerely, Jose P. Quiros CEO

http://www.otcmarkets.com/financialReportViewer?symbol=STLK&id=169234