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Re: None

Monday, 05/20/2013 9:52:47 PM

Monday, May 20, 2013 9:52:47 PM

Post# of 36237
STLK CEO communication is impressive AGAIN!

You won't see another OTCMarkets Pink company like this for an extremely long long time in my opinion. This one is a PURE GEM!! Look at this recent Facebook example https://www.facebook.com/v3rsant?fref=ts:

V3rsant Corporation posts: SETENA is where we need to file our Environmental Impact Study or EiA in Spanish. The recent executive order (or decree) stopping work for 90 days is disappointing. While it does not immediately impact us, the idea of stopping all applications for 90 days to find ways to improve the speed of approvals seems counterproductive. We will stay on top of this. Article from El Financiero.
http://wvw.elfinancierocr.com/ambiente/noticias/tramites-ante-setena-y-direccion-de-hidrocarburos-estan-paralizados-por-intervencion-del-minae

Bob Moras writes: I am a bit confused here. This post says this does not immediately impact the company, but also states that this is where they must file their Evironmental Impact Study. Can someone clarify this? Was V3rsant going to file these studies within the next 90 days and are now delayed? Or have they already filed the studies and must await a response? What exactly does this mean for V3rsant?

V3rsant Corporation responds: Mr. Moras, all environmental permits for the entire country are on hold and none will be accepted or processed for the next 90 days, While we are not currently in the process or planning to file the paperwork in this window of time, the backlog that could to be created is one that we must be mindful of. SETENA permits are required for almost all construction- building homes, commercial buildings, parking lots, infrastructure projects etc. The irony is that the intervention is to speed things up. How putting all permits for all construction on hold for the entire country helps increase efficiency is beyond reason, but that is what the government has decided to do. Let's hope that once the study is completed, permit requests are indeed easier to obtain and that more resources will be allocated to alleviate the anticipated backlog mentioned above. Part of the overhaul is to fast-track renewable energy projects. This could impact us, we simply cannot tell how at this time. We could be on a fast track when we file or we could be stuck in a backlog created by the study on how to speed things up. We hope that this stoppage is reversed this week, aside from our future needs Costa Rica cannot paralyze new construction for three months. Once the government releases data we can continue to post developments, but we believe it is good for everyone to be aware that this is taking place so that future developments can be better evaluated by our investors.

Robert Brummer writes: But this won't affect the PPA timeframe will it?

Bob Moras writes: Thank You for explaining all that. I, as a shareholder, appreciate the time & effort the company expends to keep us so well informed. Again, Thank You.

V3rsant Corporation responds: The issue with SETENA has no bearing on the PPA time frame.
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