13D Filing: Alesia Value Fund LLC Reveals Activist Stake in Sitestar Corp (SYTE)

Published on February 17, 2016 at 1:42 pm by Meena Krishnamsetty in Hedge Funds,News

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Sitestar Corporation (OTCBB:SYTE) is the subject of a new 13D filing issued by Alesia Value Fund LLC, which reveals the most up-to-date ownership information of the investment firm in the stock, at 3.01 million shares, which you can see in the table below. This is the first filing made by the fund. 13D filings indicate an activist position, which means that the filer may make efforts to engage the company’s management and/or Board of Directors and make recommendations as to ways to improve the company’s operations and enhance the stock’s value to shareholders.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Alesia Value Fund	0	3,008,183	0	3,008,183	3,008,183	4.1%
Alesia Asset Management	0	3,008,183	0	3,008,183	3,008,183	4.1%
Jeremy K. Gold	80,000	3,008,183	80,000	3,008,183	3,088,183	4.2%
Christopher E. Olin	0	3,008,183	0	3,008,183	3,008,183	4.1%