Filing Details

SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934 Amendment No. 1Sitestar Corporation -------------------------------- (Name of Issuer)COMMON STOCK, PAR VALUE $0.001 PER SHARE --------------------------------------- (Title of Class of Securities)82980W101 --------- (CUSIP Number)Jeremy K. Gold Alesia Asset Management LLC 22287 Mulholland Highway, Suite 180 Calabasas, CA 91302 (323) 642-8043 Christopher E. Olin Alesia Asset Management LLC 22287 Mulholland Highway, Suite 180 Calabasas, CA 91302 (323) 642-8043 ---------------------------------------- (Name, Address and Telephone Number of the Person Authorized to Receive Notices and Communications)August 10, 2016 ---------------- (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.

--------------------------------------------------------------------- 1. Name of Reporting Person Alesia Value Fund LLC ---------------------------------------------------------------------- 2. Check the Appropriate Box (a) [_] if a Member of a Group (b) [_] ---------------------------------------------------------------------- 3. S.E.C. Use Only ---------------------------------------------------------------------- 4. Source of Funds WC ---------------------------------------------------------------------- 5. Check box if disclosure of legal proceedings is required pursuant to items 2(D) or 2(E): ---------------------------------------------------------------------- 6. Citizenship or Place of Organization California ---------------------------------------------------------------------- Number of Shares (7) Sole Voting Power 0 Beneficially (8) Shared Voting Power 11,323,159 Owned by Each (9) Sole Dispositive Power 0 Reporting Person (10) Shared Dispositive Power 11,323,159 ---------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 11,323,159 ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_] ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 7.2% ----------------------------------------------------------------------- 14. Type of Reporting Person OO ----------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Name of Reporting Person Alesia Asset Management LLC ----------------------------------------------------------------------- 2. Check the Appropriate Box (a) [_] if a Member of a Group (b) [_] ----------------------------------------------------------------------- 3. S.E.C. Use Only ----------------------------------------------------------------------- 4. Source of Funds WC ----------------------------------------------------------------------- 5. Check box if disclosure of legal proceedings is required pursuant to items 2(D) or 2(E): ----------------------------------------------------------------------- 6. Citizenship or Place of Organization California ----------------------------------------------------------------------- Number of Shares (7) Sole Voting Power 0 Beneficially (8) Shared Voting Power 11,323,159 Owned by Each (9) Sole Dispositive Power 0 Reporting Person (10) Shared Dispositive Power 11,323,159 ----------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 11,323,159 ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_] ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 7.2% ----------------------------------------------------------------------- 14. Type of Reporting Person IA ----------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Name of Reporting Person Jeremy K. Gold ----------------------------------------------------------------------- 2. Check the Appropriate Box (a) [_] if a Member of a Group (b) [_] ----------------------------------------------------------------------- 3. S.E.C. Use Only ----------------------------------------------------------------------- 4. Source of Funds WC, PF ----------------------------------------------------------------------- 5. Check box if disclosure of legal proceedings is required pursuant to items 2(D) or 2(E): ----------------------------------------------------------------------- 6. Citizenship or Place of Organization United States of America ----------------------------------------------------------------------- Number of Shares (7) Sole Voting Power 600,840 Beneficially (8) Shared Voting Power 11,323,159 Owned by Each (9) Sole Dispositive Power 600,840 Reporting Person (10) Shared Dispositive Power 11,323,159 ----------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 11,923,999 ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_] ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 7.6% ----------------------------------------------------------------------- 14. Type of Reporting Person IN ----------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Name of Reporting Person Christopher E. Olin ----------------------------------------------------------------------- 2. Check the Appropriate Box (a) [_] if a Member of a Group (b) [_] ----------------------------------------------------------------------- 3. S.E.C. Use Only ----------------------------------------------------------------------- 4. Source of Funds WC, PF ----------------------------------------------------------------------- 5. Check box if disclosure of legal proceedings is required pursuant to items 2(D) or 2(E): ----------------------------------------------------------------------- 6. Citizenship or Place of Organization United States of America ----------------------------------------------------------------------- Number of Shares (7) Sole Voting Power 520,833 Beneficially (8) Shared Voting Power 11,323,159 Owned by Each (9) Sole Dispositive Power 520,833 Reporting Person (10) Shared Dispositive Power 11,323,159 ----------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 11,843,992 ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_] ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 7.5% ----------------------------------------------------------------------- 14. Type of Reporting Person IN ----------------------------------------------------------------------- -----------------------------------------------------------------------Item 1. Security and Issuer. This statement on Schedule 13D ("Schedule 13D"), filed by the undersigned, relates to the shares of Common Stock of the Issuer. The principal executive offices of the Issuer are located at: 4026 Wards Drive, Suite G1 #271 Lynchburg, VA 24502Item 2. Identity and Background (a) This Amendment No. 1 is being filed with respect to the shares of the Issuer's Common Stock held by Alesia Asset Management LLC, Jeremy K. Gold, and Christopher E. Olin. (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 or through private placements with working capital or personal funds. The aggregate purchase price of the 600,840 shares owned directly by Jeremy K. Gold is approximately $27,010, including brokerage commissions. The aggregate purchase price of the 520,833 shares owned directly by Christopher E. Olin is approximately $25,000, including brokerage commissions. The aggregate purchase price of the 3,008,183 shares owned directly by Alesia Value Fund LLC is approximately $514,915, including brokerage commissions. Item 4. Purpose of Transaction Item 4 of the Reporting Persons' Schedule 13D, as amended, is hereby amended by adding the following: On August 10, 2016, the Reporting Persons purchased additional shares of the Issuer's Common Stock directly from the Issuer through a private placement. These purchases were made based on the Reporting Persons' beliefs that the shares, when purchased, were undervalued and presented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of shares at prices that would make the purchase or sale of shares desirable, the Reporting Persons may increase or decrease their positions in the Issuer.Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities Of The Issuer. Except as set forth in this Schedule 13D, there are no contracts, arrangements, understandings or relationships among the Reporting Persons and any other person, with respect to the securities of the Issuer.Item 7. Material to be Filed as Exhibits. NoneSIGNATURES 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.Date: August 11, 2016 Alesia Value Fund LLC By: Alesia Asset Management LLC its managing member /s/ Jeremy K. Gold ------------------------------- Name: Jeremy K. Gold Title: Managing Member Alesia Asset Management LLC /s/ Jeremy K. Gold ------------------------------- Jeremy K. Gold, individually /s/ Christopher E. Olin ------------------------------- Name: Christopher E. Olin Title: Managing Member Alesia Asset Management LLC /s/ Christopher E. Olin ------------------------------- Christopher E. Olin, individually