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

You can access the original SEC filing by clicking here.

Ownership Summary Table

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(Title of Class of Securities)

82980W101

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(CUSIP Number)

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Christopher E. Olin
Alesia Asset Management LLC
22287 Mulholland Highway, Suite 180
Calabasas, CA 91302
(323) 642-8043

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(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement

on Schedule 13G to report the acquisition that is the

subject of this Schedule 13D, and is filing this

schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),

check the following box [ ].

Note. Schedules filed in paper format shall include a signed

original and five copies of the schedule, including all

exhibits. See Section 240.13d-7 for other parties to whom

copies are to be sent.

The remainder of this cover page shall be filled out for a

reporting person’s initial filing on this form with respect

to the subject class of securities, and for any subsequent

amendment containing information which would alter disclosures

provided in a prior cover page.

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14. Type of Reporting Person IN

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(a) This Schedule 13D is being filed with respect to the shares
of the Issuer’s Common Stock held by Alesia Asset Management LLC
and Jeremy K. Gold.

(b) The business address of the undersigned is:
22287 Mulholland Highway, Suite 180
Calabasas, CA 91302

(c) Alesia Value Fund LLC is a limited liability company engaged
in the business of investing in securities. Alesia Asset Management
LLC is a limited liability company that is the managing member of
Alesia Value Fund LLC. Jeremy K. Gold and Christopher E. Olin are
the managing members of Alesia Asset Management LLC.

(d) During the last five years, the undersigned have not been

convicted in a criminal proceeding (excluding traffic violations

or similar misdemeanors)

(e) The undersigned have not, during the last five years, been

a party to a civil proceeding of a judicial or administrative body

of competent jurisdiction where, as a result of such proceeding,

they were or they became subject to a judgement, decree, or final

order, enjoining future violations of or prohibiting, or mandating

activities subject to, federal or state securities laws or finding

any violation with respect to such laws.

(f) Jeremy K. Gold and Christopher E. Olin are citizens of the
United States of America. Alesia Value Fund LLC and Alesia Asset
Management LLC are organized under the laws of California.

Item 3. Source and Amount of Funds or Other Consideration

Each acquisition of shares of Common Stock by the undersigned (or
on their behalf and at their direction) was in open market
transactions with working capital or personal funds. The aggregate
purchase price of the 80,000 shares owned directly by Jeremy K.
Gold is approximately $2,010, including brokerage commissions. The
aggregate purchase price of the 3,008,183 shares owned directly by
Alesia Value Fund LLC is approximately $115,796, including
brokerage commissions.

Item 4. Purpose of Transaction

Settlement Agreement: On February 6, 2015, the Issuer entered into

a Settlement Agreement with certain of its stockholders and

directors. The Settlement agreement settles and resolves certain

matters relating to a stockholder lawsuit. Jeremy K. Gold is a

member of the board of directors of the Issuer.

Voting Agreement: In connection with the Settlement Agreement,

on February 6, 2015, the parties to the settlement agreement

entered into the Voting Agreement with respect to the election of

directors (including Mr. Gold). The Voting Agreement also provides

that the authorized number of seats on the Board will be fixed at

six during the term of the Voting Agreement. Unless extended by

the parties, the Voting Agreement will remain in effect until the
earlier of 12 months after the date of the Settlement Agreement
or the date of the next annual meeting of Company Stockholders,
but will not be applicable to any vote taken at such meeting.

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The aggregate percentage of shares reported owned by the
undersigned herein is based upon 74,085,705 shares outstanding,
as of November 13, 2015, which is the total number of shares
outstanding as reported in the Issuer’s Quarterly Report on
Form 10-Q, filed with the Securities and Exchange Commission
on November 16, 2015.

A. Alesia Value Fund LLC directly owns 3,008,183 shares
constituting 4.1% of the Issuer’s outstanding shares with shared
voting power for 3,008,183 shares. No transactions have been
entered into over the past 60 days.

B. Alesia Asset Management LLC is the managing member of Alesia
Value Fund LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. No transactions
have been entered into over the past 60 days.

C. Jeremy K. Gold is the managing member of Alesia Asset
Management LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. He also directly
owns and has sole voting power over 80,000 shares, constituting
0.1% of the Issuer’s outstanding shares. No transactions have
been entered into over the past 60 days.

D. Christopher E. Olin is the managing member of Alesia Asset
Management LLC and may be deemed to be the beneficial owner of
the 3,008,183 shares owned by Alesia Value Fund LLC. This
ownership constitutes 4.1% of the Issuer’s outstanding shares
with shared voting power for 3,008,183 shares. No transactions
have been entered into over the past 60 days.

The undersigned disclaim any beneficial ownership of the shares
held by the other parties to the Settlement Agreement.

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None

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After reasonable inquiry and to the best of my knowledge and belief,

I certify that the information set forth in this statement is true,

complete and correct.

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