SITESTAR CORPORATION (OTCMKTS:SYTE) Files An 8-K Completion of Acquisition or Disposition of Assets

SITESTAR CORPORATION (OTCMKTS:SYTE) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 in the Original Filing, the Company reported, among other things, that its wholly-owned subsidiary, Mt Melrose, LLC (“Mt Melrose”), had completed a first acquisition of certain residential and other income-producing real estate properties located in Lexington, Kentucky to the terms of that certain previously-reported Master Real Estate Asset Purchase Agreement dated December 10, 2017 between the Company and Mt. Melrose, LLC, a Kentucky limited liability company owned by Jeffrey I. Moore, Chairman of the Board of the Company.

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The sole purpose of this Amended Form 8-K is to amend Item 9.01 of the Original Filing to provide the financial statements and any additional information required by Item 9.01(a) and the pro forma financial information required by Item 9.01(b) with respect to Mt Melrose’s acquisition of said real estate properties, which such financial statements and information were not included in the Original Filing (being required not later than 71 calendar days after the date of the Original Filing).

Except with respect to the herein provided financial statements and information under Item 9.01, this Amended Form 8-K does not modify or update any other disclosure or information contained in the Original Filing, as amended by the Amendment No. 1.This Amended Form 8-K should be read in conjunction with the Original Filing, as amended by the Amendment No. 1.

In accordance with the applicable requirements of Rule 3-14 or Rule 8-06 (for smaller reporting companies) and Article 11 or Rule 8-05 (for smaller reporting companies) of SEC Regulation S-X, the Company hereby provides the following financial statements and pro forma financial information, respectively, with respect to Mt Melrose’s acquisition of said real estate properties:

Item 9.01 – Financial Statements and Exhibits.

(a)

Financial statements of real estate properties acquired:

Independent Auditor’s Report*

Audited Combined Statements of Revenue and Certain Expenses*

Notes to Audited Combined Statements of Revenue and Certain Expenses*

* Furnished herewith as Exhibits 99.1, 99.2, and 99.3, respectively, and incorporated in this Item 9.01(a) by reference.

(b)

Pro forma financial information:

Unaudited Pro Forma Consolidated Balance Sheet**

Unaudited Pro Forma Consolidated Statements of Income**

** Furnished herewith as Exhibits 99.4 and 99.5, respectively, and incorporated in this Item 9.01(b) by reference.

(c)

Shell company transactions – none.

Exhibit No.

Exhibit Description

99.1

Independent Auditor’s Report

Sitestar Corporation

Exhibit Index


SITESTAR CORP Exhibit
EX-99.1 2 syte-ex991_7.htm EX-99.1 syte-ex991_7.htm   CPA s  / ADVISORS   Blue & Co.,…
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About SITESTAR CORPORATION (OTCMKTS:SYTE)

Sitestar Corporation, formerly Interfoods Consolidated, Inc., is an Internet service provider (ISP). The Company operates through three segments: Internet, Real estate and Corporate. The Company’s Internet segment provides Internet access to customers throughout the United States and Canada. The Company’s Real estate segment invests in, refurbishes and markets real estate for resale. The Corporate group is the holding company that oversees the operating of the Internet group and arranges financing. The Company offers consumer and business-grade Internet access, wholesale-managed modem services for downstream ISPs, Web hosting, and various ancillary services. The Company owns a real estate investment portfolio that includes residential properties, vacant land and a commercial property. Its real estate portfolio is primarily focused on the Roanoke and Lynchburg areas of Virginia.

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