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Thursday, April 22, 2010 8:05:06 AM
Hello Tiki,
I will answer what I can without giving you any non-public information and I will continue to update Pinksheets.com and issue future press releases to continue to communicate properly with the public.
We will post an updated 4th Q income statement and balance sheet as soon as it is finished. My realistic goal is 40 to 60 days but the sooner the better and we'll upload it when all the accounting is done. Keep in mind the 1st full quarter with all the new projects in Invicta will be the 1Q10
I am looking into a number of options for companies to get involved with or take over STLK and if and when I am able to close anything it will be announced to the public.
As far as dilution goes, in the past a pinksheet company could legally sell free trading shares under the rule 504 exemption to specific investors but, as you may already know, Rule 504 is no longer available for Pinksheet companies. If anyone tells you we are selling free trading shares immediately to investors and diluting the stock to raise money they are wrong and don't understand how the pinksheet works now. We have not, and are not raising money using the 504 exemption and if we were you would be able to prove me wrong, and search online to find the filing for the exemption.
The only legal way to offer immediate free trading shares with a Pinksheet company, as of today, is to file a Reg A. We have not filed a Reg A so we cannot issue free trading shares to any investors.
The other way to raise money for a pinksheet company at this time is to sell convertible notes or debentures. With these transactions the company can raise money now but the investor has to wait 1 year to convert their note into free trading shares. We have had some investors invest in this way and after they wait for 1 year they have the right to convert their notes if they want to.
As you can see on pinksheets.com we have issued some restricted shares recently. Some of these shares were for acquisition and some were for adding quality consultants.
We will look into all options in the future including a possible buy back of shares, but we do not have plans in place at this time.
My goal is to continue building a solid company with solid revenues and letting the numbers do our talking as we release the information to the public. I will do everything I can to show numbers, rather than opinions, to prove what we are doing to grow the company.
Happy and Healthy New Years!
Thank You
Paul Sorkin
CEO and General Counsel
The Invicta Group, Inc.
Stock Symbol IVIT
www.IVITgroup.com
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