Replies to post #25687 on STL Marketing Group, Inc. (fka STLK)

[Snizzle]

A little bit of unbiased views on the STLK situation~


"To be fair...I have not looked at the previous filings BUT the cashflow statement for the quarter ended June 30 shows NEW net borrowings of $90,000 to cover their net cash use in operations of $82,000.

...and the two new notes have rather toxic conversion features. So whether or not they are just a conversion of an existing liability...the $60K...it went from conversion at market to a 58% discount to the lowest average 3 day price over 10 trading days...that is toxic and they still needed to borrow an additional $90K in the quarter.

Against that backdrop, the issue of how the convertible notes are represented as new debt or not is almost immaterial. "

[Snizzle]

More unbiased information on the STLK convertible debt~


"The debt may be old....but the notes are new...and the conversion terms are certainly different and much less favorable to the company or its common shareholders."