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WallStreetSTTA

04/01/14 9:13 AM

#18636 RE: adijas #18635

Because of the Section 3(a) exchange rules.

LETS GOOOOO STLK $$CHA CHING$$

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Trade smart gl
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TraderGreen

04/01/14 2:00 PM

#18637 RE: adijas #18635

They had to to get a judge to authorize the transaction. STLK cannot issue free trading shares until the whole Form 10 registration process is completed with the SEC. They expect registration to be done soon, but the CEO told me they had initiated the reg process with the SEC back in July.

Here is another email from yesterday from him regarding the Form 10 filing:

We are simply trying to address numerous variables in the best manner possible, and doing our best to keep everyone informed. The Form 10 is a real tedious task. The process is slow, we filed the original Form 10 last July, still clearing questions. We hope that we are near the end but other than trying to answer as fast as possible the SEC controls timing. Just as a note, the filing process itself is slow. For example, once a 10Q is fully completed it could still take an additional 1-3 days to file depending on travel schedules etc. It is hard to describe unless you have been through it.

Best regards,

José P. Quiros
CEO/Managing Director
STLK/ Versant Corporation
Skype jose.quiros1
www.v3rsant.com



That is why they had to go the 3(a)10 route. If you skip back a couple of my posts where I received emails from the CEO he said the legal action may have seemed "unfriendly", but it was not unfriendly (it was prearranged between Southridge/Tarpon and the co.), it was necessary for this process to happen.

Hope that explains it a little better...

TraderGreen