SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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)
Amendment No.__
Sitestar Corporation
____________________________________
(Name of Issuer)
Common Stock, par value $.001 per share
________________________________________
(Title of Class of Securities)
82980W101
_____________________________
(CUSIP Number)
Dash Acquisitions LLC
9701 Wilshire Blvd. #1110, Beverly Hills, CA 90212
(310) 464-6364
___________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 18, 2007
_____________________________
(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), Rule 13d-1(f) or Rule 13d-1(g), check the
following box / /.
(Continued on following pages)
(Page 1 of 6 Pages)
CUSIP NO. 959542101 Page 2 of 9
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1 NAME OF REPORTING PERSON
Jonathan Dash
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / / (B) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E): / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
8,855,970
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
8,855,970
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,855,970
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* / /
CUSIP NO. 959542101 Page 3 of 9
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.1%
14 TYPE OF REPORTING PERSON*
IN
CUSIP NO. 959542101 Page 4 of 9
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1 NAME OF REPORTING PERSON
Dash Acquisitions LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / / (B) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E): / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
8,855,970
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
8,855,970
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,855,970
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* / /
CUSIP NO. 959542101 Page 5 of 9
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
10.1%
14 TYPE OF REPORTING PERSON*
IN
CUSIP NO. 959542101 Page 6 of 9
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ITEM 1. SECURITY AND ISSUER.
Securities: Common Stock $.001 per value per shares (the "Shares")
Issuer:SITESTAR CORPORATION (the "Company" or the "Issuer")
7109 Timberlake Road
Lynchburg, VA 24502
ITEM 2. IDENTITY AND BACKGROUND
Set forth below is the following information with respect to the filing on
this Schedule 13D: (a) name; (b) business address; (c) principal occupation and
name, business and address of employer; (d) information concerning criminal
convictions during the last five years; (e) information concerning civil or
administrative proceedings under state or federal law securities law during the
past five years with respect to any state or federal securities laws; and (f)
citizenship.
(a) Dash Acquisitions LLC and Jonathan Dash ("Dash") (together the "Reporting
Persons").
(b) The address and principal business office of the Reporting Persons is 9701
Wilshire Boulevard, Suite 1110, Beverly Hills, CA 90212
(c) Dash's firm is Dash Acquisitions LLC whose principal business is
investment advisory services.
(d) During the past five years prior to the date hereof, Dash has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During five years prior to the date hereof, Dash has not been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of which any of the foregoing was or is subject to a judgment,
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) Dash is a United States Citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As of July 18, 2007, Dash has invested $47,407.59 in the Shares of Issuer
using his personal funds.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons acquired their Shares in the ordinary course of
business solely for investment purposes and not for the purposes of
participating in or influencing the management of the Issuer.
CUSIP NO. 959542101 Page 7 of 9
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The Reporting Persons have had discussions from time-to-time with the
Issuer's management regarding the Issuer's operating performance and various
means of enhancing stockholder value over time. The Reporting Persons anticipate
that they may in the future make suggestions and potentially have discussions
and other communications with the Issuer's management, members of its Board of
Directors and possibly other stockholders regarding the foregoing and other
matters in order to enhance the value of the investment in the Issuer's Shares.
Depending upon a variety of factors, including, without limitation,
current and anticipated future trading prices of the Shares, changes to the
composition of the Board of Directors of the Issuer, the financial condition,
results of operations and prospects of the Issuer and general economic,
financial market and industry conditions, the Reporting Persons may also acquire
additional shares, or sell all or part of their Shares, in open market or
privately negotiated transactions. Any open market or privately negotiated
purchases or sales may be made at any time without prior notice.
Depending upon the foregoing factors and to the extent deemed advisable in
light of their general investment policies, or other factors, the Reporting
Persons may formulate other purposes, plans or proposals regarding the Issuer or
the Shares. The foregoing is subject to change at any time, and there can be no
assurance that any of the Reporting Persons will take any of the actions set
forth above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As the holder of sole voting and investment authority over the Shares
owned by Dash and the Shares owned by Dash Clients in Dash Acquisitions LLC
("Client Shares"), the Dash Acquisitions LLC may be deemed, for purposes of Rule
13d-3 under the Securities Exchange Act of 1934, as amended, to be the
beneficial owner of the aggregate amount of 8,855,970 Shares representing
approximately 10.1% of the outstanding Shares (based upon 88,063,305 shares
outstanding as of May 15, 2007, as reported on the latest 10-QSB of the Issuer).
Dash is the president and control person of Dash Acquisitions LLC, and for
purposes of Rule 13d-3 may be deemed the beneficial owner of such Shares deemed
to be beneficially owned by Dash Acquisitions LLC. Thus, Dash may be deemed,
for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended, to be the beneficial owners of the aggregate amount of 8,855,970 Shares
representing approximately 10.1% of the outstanding Shares (based upon
88,063,305 shares outstanding as of May 15, 2007, as reported on the latest 10-
QSB of the Issuer). Dash disclaims any economic interest or beneficial
ownership of the Shares covered by this statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The information provided in Item 4 is incorporated by reference. Dash
Acquisitions LLC is has entered into an agreement with the Dash Acquisitions LLC
Clients ("Dash Clients"), whereby it retains voting power and dispositive power
CUSIP NO. 959542101 Page 8 of 9
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over the Dash Client Shares. Dash Clients, as of July 18, 2007, own an
aggregate of 8,855,970 Shares of the Issuer which represent an aggregate amount
of approximately 10.1% of the outstanding Shares (based upon 88,063,305 shares
outstanding as of May 15, 2007, as reported on the latest 10-QSB of the Issuer).
Dash Acquisitions LLC retains voting power and beneficiary interests in the
Client Shares.
Dash is the managing member and control person of Dash Acquisitions LLC.
Thus, Dash may be deemed, for purposes of Rule 13d-3 under the Securities
Exchange Act of 1934, as amended, to be the beneficial owners of the aggregate
amount of 8,855,970 Shares representing approximately 10.1% of the outstanding
Shares (based upon 88,063,305 shares outstanding as of May 15, 2007, as reported
on the latest 10-QSB of the Issuer). Dash disclaims any economic interest or
beneficial ownership of the Shares covered by this statement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable
CUSIP NO. 959542101 Page 9 of 9
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SIGNATURE
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.
DATED: July 30, 2007
By: /s/ Jonathan Dash
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Jonathan Dash
By: /s/ Jonathan Dash
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Dash Acquisitions LLC