Company Purchase
Author: Paul_okito
last update2024-04-06 04:38:25

Andrew finished setting up his new MacBook and accessed the stock exchange website.

As he scrolled down, searching for Stellarite Resources, various companies appeared on his computer screen.

[Company Name] [Ticker] [Last Price] [Change] [%Change] [Volume]

DragonFire Inc. [DRAGN] [84.27] [+2.14]

[+2.61%] [5,782,344]

Mystic Enterprises [MYSTIC] [32.68] [-0.92]

[-2.74%] [1,932,576]

Starlight Ventures [STVEN] [117.39] [+3.85]

[+3.39%] [2,345,891]

Avalon Tech. [AVLNTECH] [55.12] [-1.22]

[-2.16%] [987,432]

Stellarite Res. [STLR] [0.23] [-0.18]

[-75%] [846,456]

Griffin Industries [GRFIND] [62.38] [-1.94]

[-3.02%] [1,523,987]

AetherTech Sys. [ATHRSY] [118.22] [+3.27]

[+2.84%] [846,291]

Zenith Works [ZENWKS] [47.13] [+1.38]

[+3.02%] [2,367,553]

"Found you" Andrew said as he got further information on Stellarite Resources...

Stellarite Resources ( STLR)

Stock Price: $0.23 (-75.00%)

Market Cap: $2M

52-Week Range: $0.20 - $2.50

Company Overview

Stellarite Resources is a technology company that specializes in mining rare gem stones. The company has struggled with financial difficulties in recent years and is currently undergoing bankruptcy proceedings.

**News**

*April 3, 2024 - Stellarite Resources Files for Chapter 11 Bankruptcy*

Stellarite Resources has announced that it has filed for Chapter 11 bankruptcy protection as it seeks to reorganize its finances and operations. The company cites increased competition and declining sales as the primary factors leading to its financial troubles.

*March 25, 2024 - Stellarite Resources Receives Delisting Warning from NASDAQ*

Stellarite Resources has received a delisting warning from the NASDAQ exchange after its stock price remained below $1 per share for an extended period. The company has 180 days to regain compliance or face removal from the exchange.

**Financials**

*Q4 2023 Results (as of December 31, 2023)*

- Revenue: $12.5M

- Net Loss: $8.2M

- Cash on Hand: $3.4M

"Hmm! I guess I wouldn't be losing much. All I have to do is spend $10 million. This will cover the liabilities and leave $5 million in cash," Andrew mused, resting his hands on his chin as he assessed the situation.

"Okay, I will do just that since Father has told me it's initially meant to be from the Everest family," Andrew decided firmly.

Andrew proceeded to make the necessary payments online.

*Dingg!*

An email was sent straight to Andrew's mail

Subject: Confirmation of Investment Transaction: Stellarite Resources Shares - Action Required

Dear Andrew,

We are pleased to confirm the successful completion of your investment transaction in Stellarite Resources shares. Your decisive action in injecting $10 million into the company has significantly contributed to stabilizing its financial position, allowing for the acquisition of a substantial ownership stake.

Transaction Details:

- Company: Stellarite Resources (STLR)

- Initial Investment: $10,000,000

- Your Share: 60%

- Sale Price per Share: $0.23

- Market Cap of the Company: $2,000,000

To formalize your ownership and ensure compliance with regulatory requirements, we kindly request your signature on the enclosed documents. These documents outline the terms and conditions of your investment, as well as your rights and responsibilities as a shareholder.

Please review the documents carefully and sign where a. #attachment.

Should you have any questions or require further information, our investor relations team is available to assist you. You can reach us at stellariteinvestors@g***l.com

Thank you for your confidence in Stellarite Resources.

Sincerely,

[Martins Fredrick]

Investor Relations Team

Stellarite Resources...

"Okay, next I will buy all the food I can at least I wouldn't starve tonight" Andrew smiled as he closed his hands together and was really anticipating the meal he would soon eat.

************

It was 10 pm at night, Andrew had just completed his purchase of enough food to last him through the evening, clutching the various bags containing his provisions.

"Hmmmm... I can't wait to indulge in all of this," Andrew remarked with a smile as he strolled along the desolate pavement.

He was on his way home, which was nearby, when a group of individuals encircled him. Adjusting his glasses, Andrew peered up and down to ensure his vision wasn't failing him, only to realize that indeed, it was a band of men dressed in black who had surrounded him. They were not just any men; they were imposing figures, their faces bearing the marks of rigorous training.

"What do you want from me?" Andrew took a step back, already formulating his next move. Though the streetlights illuminated the scene, their faces remained obscured by shadows.

Their collective gaze fixated on his finger, and as Andrew followed their line of sight, he immediately grasped the situation.

"Hand over the ring, or you'll regret what happens next," one of the men in black demanded, closing in on Andrew.

"You must be mistaken... I have no idea what you're talking about," Andrew feigned ignorance.

"You think you can defy us?" The man advanced menacingly, preparing to seize Andrew by the neck. However, to his astonishment, Andrew swiftly intercepted, seizing the man's hand and twisting his finger backward.

Despite the vast discrepancy in size, Andrew held firm, even adjusting his glasses with a casual demeanor. "Do you honestly believe you can intimidate me?" Andrew's smile never wavered as he continued to exert pressure on the man's finger.

"What are you all waiting for? Take action!" The man, feeling intense pressure from Andrew, commanded the others to act.

They all shifted into different positions, moving in a coordinated manner as they prepared to strike. There were a total of four men, in addition to the man Andrew had immobilized.

Using his rubber bag containing all his precious food as both a shield and a weapon, Andrew strategically baited the first assailant. As the second attacker lunged forward with a punch aimed at the first man's stomach, Andrew deftly maneuvered, utilizing the bag to deflect the blow.

With a swift twist of his body, Andrew redirected the force of the punch, causing it to land squarely on the first assailant instead. The impact sent the man reeling backward, crashing into a nearby trash can, while Andrew's bag of food remained securely in his grasp, untouched by the chaos unfolding around him.

"Who would have thought that you guys would end up fighting amongst yourselves?" Andrew remarked casually, his confidence unwavering as he dusted off his hands, the contents of his bag still intact.

"Now, all of you come at once!"

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