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)
Sitestar Corporation
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
82980W101
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(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
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(Name, Address and Telephone Number of the Person
Authorized to Receive Notices and Communications)
February 12, 2016
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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.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes.)
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1. Name of Reporting Person
Alesia Value Fund LLC
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
WC
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5. Check box if disclosure of legal proceedings
is required pursuant to items 2(D) or 2(E):
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6. Citizenship or Place of Organization
California
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Number of Shares (7) Sole Voting Power 0
Beneficially (8) Shared Voting Power 3,008,183
Owned by Each (9) Sole Dispositive Power 0
Reporting Person (10) Shared Dispositive Power 3,008,183
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,008,183
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
4.1%
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14. Type of Reporting Person OO
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1. Name of Reporting Person
Alesia Asset Management LLC
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
WC
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5. Check box if disclosure of legal proceedings
is required pursuant to items 2(D) or 2(E):
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6. Citizenship or Place of Organization
California
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Number of Shares (7) Sole Voting Power 0
Beneficially (8) Shared Voting Power 3,008,183
Owned by Each (9) Sole Dispositive Power 0
Reporting Person (10) Shared Dispositive Power 3,008,183
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,008,183
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
4.1%
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14. Type of Reporting Person IA
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1. Name of Reporting Person
Jeremy K. Gold
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
WC, PF
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5. Check box if disclosure of legal proceedings
is required pursuant to items 2(D) or 2(E):
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 80,000
Beneficially (8) Shared Voting Power 3,008,183
Owned by Each (9) Sole Dispositive Power 80,000
Reporting Person (10) Shared Dispositive Power 3,008,183
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,088,183
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
4.2%
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14. Type of Reporting Person IN
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1. Name of Reporting Person
Christopher E. Olin
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
WC
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5. Check box if disclosure of legal proceedings
is required pursuant to items 2(D) or 2(E):
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 0
Beneficially (8) Shared Voting Power 3,008,183
Owned by Each (9) Sole Dispositive Power 0
Reporting Person (10) Shared Dispositive Power 3,008,183
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,008,183
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
4.1%
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14. Type of Reporting Person IN
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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:
426 Wards Drive, Suite G1 #271
Lynchburg, VA 24502
Item 2. Identity and Background
(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.
Item 5. Interest in Securities of the Issuer
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.
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.
None
SIGNATURES
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: February 16, 2016
Alesia Value Fund LLC
By: Alesia Asset Management LLC
its managing member
/s/ Jeremy K. Gold
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Name: Jeremy K. Gold
Title: Managing Member
Alesia Asset Management LLC
/s/ Jeremy K. Gold
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Jeremy K. Gold, individually
/s/ Christopher E. Olin
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Name: Christopher E. Olin
Title: Managing Member
Alesia Asset Management LLC
/s/ Christopher E. Olin
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Christopher E. Olin, individually