Current Report Filing (8-k)
February 13 2018 - 4:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 13, 2018
SITESTAR CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Nevada
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000-27763
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88-0397234
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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1518 Willow Lawn Drive
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Richmond, VA
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23230
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(Address of principal executive offices)
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(Zip Code)
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(434) 382-7366
(Registrant’s telephone number, including area code)
Check
the
appropriate
box
below
if
the
Form
8-K
filing
is
intended
to
simultaneously
satisfy
the
filing
obligation
of
the
registrant
under
any
of
the
following provisions:
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☐
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Written
communications
pursuant
to
Rule
425
under
the
Securities
Act
(17
CFR
230.425)
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☐
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Soliciting
material
pursuant
to
Rule
14a-12
under
the
Exchange
Act
(17
CFR
240.14a-12)
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☐
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Pre-commencement
communications
pursuant
to
Rule
14d-2(b)
under
the
Exchange
Act
(17
CFR
240.14d-2(b))
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|
☐
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Pre-commencement
communications
pursuant
to
Rule
13e-4(c)
under
the
Exchange
Act
(17
CFR
240.13e-4(c))
|
Indicate
by
check
mark
whether
the
registrant
is
an
emerging
growth
company
as
defined
in
Rule
405
of
the
Securities
Act
of
1933
(§230.405
of
this
chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging growth company
☐
If
an
emerging
growth
company,
indicate
by
check
mark
if
the
registrant
has
elected
not
to
use
the
extended
transition
period
for
complying
with
any
new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item
7.01.
Regulation FD
Disclosure
Sitestar Corporation (“Sitestar”
or
the
“Company”)
today
reported
for the three hedge funds affiliated with its asset management subsidiary, Willow Oak Asset Management, LLC (“Willow Oak”),
estimated,
unaudited
quarterly
returns
for
the
year
ended
December 31, 2017.
Hedge Funds
The following table shows estimated, unaudited net returns to fund investors by hedge fund:
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Estimated Quarter Ended March 31,
2017
(2)
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Estimated Quarter Ended June 30,
2017
(2)
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Estimated Quarter Ended September 30, 2017
(2)
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Estimated Quarter Ended December 31, 2017
(2)
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Net Returns
(1)
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Alluvial Fund, LP
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5.1%
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7.1%
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7.4%
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7.1%
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Bonhoeffer Fund, LP
(3)
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N/A
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N/A
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0.6%
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4.7%
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Bridge Reid Fund I, LP (d.b.a. “Ironwood Capital Allocation Partners” or “Ironwood Fund”)
(4)
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N/A
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N/A
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8.1%
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5.0%
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(1)
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Net
returns
reflect
performance
data
after
taking
into
account
management
fees
and
expenses
borne
by
the
above
referenced
funds,
and incentive allocations, as
applicable.
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(2)
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Quarterly
performance
data
are
based
on
management’s
unaudited
estimates,
as
of
the
date
hereof,
for
performance
of
the
above
referenced
funds
for dates indicated. Such data may change upon completion of the year-end valuation procedures, and any such changes could be
material.
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(3)
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Willow Oak’s wholly-owned subsidiary, Bonhoeffer Capital Management, LLC, launched Bonhoeffer Fund, LP on July 1, 2017.
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(4)
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Willow Oak and the general partner of Bridge Reid Fund I, LP (“Bridge Reid”) signed an agreement on May 11, 2017 whereby Bridge Reid became affiliated with Willow Oak.
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* * *
This
Current
Report
is
being
furnished
and
shall
not
be
deemed
to
be
filed
for
purposes
of
Section
18
of
the
Securities
Exchange
Act
of
1934,
as
amended
(the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company’s filings under the Securities
Act
of
1933,
as
amended,
or
the
Exchange
Act,
unless
expressly
set
forth
as
being
incorporated
by
reference
into
such
filing.
SIGNATURE
Pursuant
to
the
requirements
of
the
Securities
Exchange
Act
of
1934,
the
registrant
has
duly
caused
this
report
to
be
signed
on
its
behalf
by
the
undersigned hereunto duly
authorized.
SITESTAR CORPORATION
(Registrant)
/s/ Steven L. Kiel
Steven L. Kiel
President & CEO
Date: February 13, 2018
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