UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.)*
Sitestar Corporation
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
82980W101
(CUSIP Number)
November 7, 2016 -- This Schedule 13G is filed pursuant to Rule
13d-1(h) and constitutes an amendment to our previously filed
Scheduled 13D pursuant to 13d-2(a).
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes.)
1. Name of Reporting Person
Alesia Value Fund LLC
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
----------------------------------------------------------------------
3. S.E.C. Use Only
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4. Citizenship or Place of Organization
California
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 13,342,663
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 13,342,663
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
13,342,663
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
11. Percent of Class Represented by Amount in Row 9
7.0%
12. Type of Reporting Person
OO
1. Name of Reporting Person
Alesia Asset Management LLC
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
----------------------------------------------------------------------
3. S.E.C. Use Only
|
4. Citizenship or Place of Organization
California
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 13,342,663
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 13,342,663
|
9. Aggregate Amount Beneficially Owned by Each Reporting Person
13,342,663
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
11. Percent of Class Represented by Amount in Row 9
7.0%
12. Type of Reporting Person
IA
1. Name of Reporting Person
Christopher E. Olin
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
----------------------------------------------------------------------
3. S.E.C. Use Only
|
4. Citizenship or Place of Organization
United States of America
Number of Shares (5) Sole Voting Power 520,833
Beneficially (6) Shared Voting Power 13,342,663
Owned by Each (7) Sole Dispositive Power 520,833
Reporting Person (8) Shared Dispositive Power 13,342,663
|
9. Aggregate Amount Beneficially Owned by Each Reporting Person
13,863,496
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
11. Percent of Class Represented by Amount in Row 9
7.3%
12. Type of Reporting Person
IN
Item 1(a) Name of Issuer:
Sitestar Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
4026 Wards Drive, Suite G1 #271
Lynchburg, VA 24502
Item 2(a) Name of Persons Filing:
Alesia Value Fund LLC
Alesia Asset Management LLC
Christopher E. Olin
Item 2(b) Address of the Principal Office or, if none, Residence:
22287 Mulholland Highway, Suite 180
Calabasas, CA 91302
Item 2(c) Citizenship:
California
United States of America
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
82980W101
Item 3. If the Statement is being filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(e) [X] An investment advisor in accordance with
section 240.13d-1(b)(1)(ii)(E)
Item 4. Ownership:
(a) Amount Beneficially Owned:
13,863,496
(b) Percent of Class:
7.3%
(c) Number of shares as which such person has:
(i) sole power to vote or direct the vote: 520,833
(ii) shared power to vote or direct the vote: 13,342,663
(iii) sole power to dispose or to direct the disposition
of: 520,833
(iv) shared power to dispose or to direct the
disposition of: 13,342,663
Item 5. Ownership of Five Percent or Less of a Class: If this
statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
Not applicable.
Item 8. Indentification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of a Group:
Not applicable.
Item 10. Certifications:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transactions having that purpose or effect,
other than activities solely in connection with a nomination under
section 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date: November 10, 2016
Alesia Value Fund LLC
By: Alesia Asset Management LLC
its managing member
/s/ Christopher E. Olin
-------------------------------
Name: Christopher E. Olin
Title: Managing Member
Alesia Asset Management LLC
/s/ Christopher E. Olin
-------------------------------
Christopher E. Olin, individually
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