Some interesting questions: -
No reason was ever stated for transferring core business to ACGX or IVIT as it then was. Paul Sorkin became the CEO of IVIT in May 2009, whilst handing the CEO position to Steven St Louis at STLK. But he stayed on as a consultant, and many think he still made all the decisions, with St Louis being just a figurehead.
But my suspicion is it was retaliation against pesky shareholders, some of whom got into STLK via a boiler room scam, so they are not happy bunnies.
I think there was a sum owed to STLK by IVIT/ACGX. There would have been shares issued to STLK in compensation but nothing was ever disclosed as no accounts were ever filed after the transfer. Remember that these businesses are barely solvent, so not worth much in the first place. Steven St Louis was put in charge of the STL Printing department within IVIT/ACGX. I have no idea how much he is paid.
STLK shareholders got nothing from this deal, except a falling share price.
There was a flurry of excitement in February when the state filing finally got updated (after 2 years). Some people thought that the SP was about to rocket and jumped in with both feet. I think they got confused by the news coming from ACGX. I pointed out that the company did not have any business and it all went quiet again. See all the posts back them.
I won't tell you how many shares I have, except to say that the number keep going down every 2-3 years.
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