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camelion

10/08/12 1:04 PM

#19732 RE: 10 bagger #19731

Yep, that preferred swap happened back in Dec2011. I still think
Sorkin makes the decisions as "General Counsil". He was referred as the Consultant back than before STLK lost its assets to IVIT.
As for GGC remains unclear to how many more they have to sell.

Traderfan

10/08/12 1:09 PM

#19733 RE: 10 bagger #19731

What I'm interested is the conversion ratio on the 5 million preferreds into common. Not sure why this isn't written in the filings anywhere.

golf4uto

10/08/12 7:07 PM

#19737 RE: 10 bagger #19731

with whom are you referring... the o/s and a/s are stated clearly in the filings; the preferred were carried over from when Sorkin took over the company years ago and were xfer'd to St. Louis when he took control in Decebmer '11. They (preferred) do carry signifcant weight in controlling interest but still unclear if/when they would/if ever convert to common. There are several here that hold a signifcant ownership of the less than 9 mm common and have held through the ups/downs. We are drawn to the revenue/EPS story currently in full swing and do think there is sufficient visibility on where mgmt is attempting to go with ACGX. St Louis was the CEO of St. Louis Packaging prior to P. Sorkin acquiring his co. and now has found his way back to manage the co. he has started.

ACGX does owe $$ to STLK upon completion of the xfer of assets which will require repayment at some point.

As far as the rumor with NITE, look at how many interested eyes have been here in 2012... maybe I should have posted OT prior, lol...

IMHO, there is true value that will become noticed here in the future. good luck...