Strategic Acquisition HONG KONG, Feb. 19, 2013 /PRNewswire via COMTEX/ -- Sitoa Global Inc. (OTCQB:STOA) (PINKSHEETS: STOA) ("Sitoa" or the "Company"), announced today that it accepted an offer letter from a diversified technology company and the owner of certain waste-to-energy and other renewable assets (the "Energy Business") in respect of a proposed transaction in which Sitoa will purchase the Energy Business in exchange for common shares in Sitoa. Both parties entered an exclusivity period during which a detailed memorandum of understanding and definitive agreements will be prepared.
About Sitoa Global Inc.
Sitoa Global provides an easy-to-use and comprehensive platform, the "Focused Social Marketplace" that enables online retailers to deploy a social marketplace e-commerce site. Sitoa's platform allows building marketplaces for online sellers with focused social customer networks to expand their sales channels without the risks of focus dilution, and increased capital and operating costs. Sitoa shares in revenues generated by the site in addition to charging integration and hosting fees. Additional information about Sitoa may be found on its website, http://www.sitoaglobal.com .
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the ability of the Company to consummate an acquisition of the Energy Business; the business prospects and financial performance of the Energy Business; the ability of the Company to successfully develop the Energy Business and execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Copyright (C) 2013 PR Newswire. All rights reserved
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Hello Waveriders, 02/17/13
I will work just as hard this upcoming YEAR now on newsletters, Skype, Yahoo, Linkedin, Investorshangout & other avenues to send out info on the Wave List.
Please do not make the decision to not follow these stocks based on the lack of iHUB alone. As for the year, I have increased my following to be more off the IHUB because of the lack of HTML format and not being able to share research links.
That is enough about IHUB and onto the long term goal this year.
I have set a personal goal of the Wave Portfolio to be up 500% on 75% of the stocks on the list.
This is a very aggressive goal and one I feel needs to be set to set the wave ahead of the rest on the chat channels. I personally believe we leave way to much on the table chasing too many different stocks every day. I have decided to follow the same stocks and make adjustments on a monthly basis to reduce if I see a trailing stock.
This month I am reducing this list by 2 stocks and they are the following for non performance and management direction changes. I may at a later time add these companies back based on the float and management direction but at this time I do not see a need to wait on them now. This also will allow us to catch up on a few other waves that are not up to the pace of the year. These tow stocks are to be sold at or above the following price to not take a loos. Now you can sell them for lower if you still are holding any but I think they can be reduced at the following prices. Reduce the FEGR at or around .005 and the EXPU at or around the .001 prices. I apologize for the small cash held here for so long and look to have that moved else where now.
The current list below is performing well and the highest gainer is the AMBS with 1800% plus and the worst performer is the STOA at a loss of 30%. This is were news and filings come into plays ahead. We are currently awaiting news and filings on several of the stocks and more so on the STOA GLDN and SPMI.
What this means is we need to concentrate on the lower end of the list and news and reports due out soon. We are currently awaiting 10q and 10k reports on most of the list and the most critical to pay attention to are the SPMI, GLDN and the STOA for filings and news.
Each has there own news or filings driven event ahead that can and will cause a reaction to the reports and news. The STOA is looking at another great quarterly report and year ending for a record revenues and profit. This should also spur another round of news releases as they finish turning the corner from being a company that needs financing to a revenue and profit producer this year. GLDN is both waiting on a quarterly and news on the drill results ahead of this upcoming drilling season. The quarterly report is not as significant as the need for the drill results to narrow the work focus for the season and also tell us how much gold and palladium is on the companies mine site. SPMI has another sales and revenue record ahead and is chugging along just waiting to have the following catch up with the news. It is not setting the market of fire but by years end there aggressive new stores and products will add up to a five hundred percent sleeper company increase.
I also see many others locked in for huge gains this year like the CHLO , AXCG VSPC and of course this weeks YTRV as soon as news begins. All of these will increase but these last ones mentioned are already in the spotlight and the others are quiet sleepers. the quiet ones are the times to know your research and set your buys ahead of the next news and filings runs. History at the Wave has taught us stocks run in waves all year and by focusing on a smaller list then the whole market we can buy and sell some on each new wave to move us to a totally free long term portfolio. With an exception of the fewer new ones I have no original capital tied up in many of the Waves now and have effectively used profit based trading strategies from the Wave IBOX on the IHUB. Please refer to the IBOX now so you can trade toward a completely free portfolio and trade in and out all year. I might also add there are many more research tips in the IBOX as well.
One last point this month and I am done. I DO NOT CREATE RUNS, I JUST BUY BASED ON RESEARCH AND WAIT FOR THE RUNS TO HAPPEN. YES LET ME REPEAT, RUNS HAPPEN BECAUSE OF GREAT FUNDAMENTALS AND TIMING, WHEN THEY HAPPEN AND I SEE THEM, I LET OTHERS KNOW WHAT I SEE. I AM NOT GOING TO TRY AND FORCE A COMPANY INTO A RUN AS IT NEVER WORKS FOR THE GOOD. KEEP AN EYE ON THE BUYS WHEN THEY ARE QUIET AND TAKE SOME PROFIT WHEN THEY ARE FLYING.
L OWEST SHARES EVER ON THE WAVE LOWEST MARKETCAP IN YEARS
FEGR Security Details
Share Structure
Market Value 1
$103,048
a/o Feb 08, 2013
Shares Outstanding
10,847,170
a/o Dec 31, 2012
Float
Not Available
Authorized Shares
Not Available
Par Value
0.001
Shareholders
Shareholders of Record
589
a/o Mar 29, 2012
Hello Waveriders, 02/12/13 I believe this to be one of the best set up newsletters I have done on any wave I have ever written and let me explain why. First and foremost is the availability of the SEC filings on such a low price and float. Second by using this information in combination with real research from Southgas who is and has been in this industry for years. Next the timing of finding this stock the last two months has allowed the wave readers the best price advantage ahead of any other large group of readers on the ihub now. Yes we are right now the largest group I see in this stock who believes in the long term and short term success here.
Now timing is something I have studied the most on the wave the last year and have tested many times over. We have found the right path to success now for new long term stocks by taking advantage of the dip entry and then absorbing the lowest price in when we alert. That is what last weeks alert system was used for and the testing of the friday Tsunami has led us to find.
Now enough on the wave and what I see here now.
I see a company right now that has been acquiring real land leases of oil producing property to actually rework the wells using today's technology . As southgas pointed out this is a stripper operation that is taking advantage of using new technology to rework existing producing fields. This is less costly for the shareholders and holds much availability for shareholder equity at a much lower price then buying Exxon or another high priced oil stock for much lower gains.
Next the time schedule of turning these properties into producing wells right now is this year to switch the asset of the leases into Income now.
Yes they now have secured the property and the required filings to start increased production toward revenues now into 2013. Now something else He spotted and that is the fact they are using a combination of financing here and even there own cash to allow success. They appear to have a strong financing now from Gannet as you will see below. Also on the filings the directors have added there own assets to increase the business. Now next they have also allowed us to add at the beginning of the season with a moderate amount of share sold to us the commons to get involved. Yes adding commons is a great thing when you see a solid business plan as this lowers the price and we are now at the right price for the buy. Now one other thing I noticed is it appears they have secured all there funding in the filings now for this drilling season this summer and fall. Yes they were sold earlier three months ago and what caused the drop in price below the penny.
This is were we come in at the right time now. By buying now and moving the price above the penny we will save on share numbers sold in the future. Also by our timing behind the cash needed for this drill season they are now busy drilling and not spending time on financing. Also now the fast moves up above the .005 by this group of readers will insure the long term growth this summer now. Next they have not had much in news and this is the season now we could see this news. Also we are mid quarter on the filings and if what we see is correct we will have a couple of weeks to verify this on the next Q filed.
Now the board is getting known and headed toward the breakout on the IHUB buzz
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