Total Sports Media Inc. (fka TSMI)

[PhantomRecce]

My personal guess is Mike was embarrassed by not initially understanding the total ramifications of the ASC Recap deal. He continuously told us they were on better terms with their lenders than the concerns we expressed to him in our emails.

Maybe I'm giving him the benefit of the doubt, but I say this because he was very communicative at first. But, then he stopped communicating about the same time the stock price fell and the volume dramatically increased; Plus, the last 10-Q had a lot of new information on the ramifications of the ASC Recap deal... and possible dilution from their convertible shares.

I'm sure their securities law firm encouraged the new wording on the convertible debentures, and counselled Mike to keep his mouth shut until they get their finances sorted out... one way or the other.

In my opinion, it's actually remarkable they were able to reduce their debt to ASC Recap as much as they have - as shown in STTK's last 10-Q... so I'm hopeful that trend will continue, and that they will be able to renegotiate the terms of their deal with Redwood before the October 15th due date.

Having said that, there is risk that ASC Recap and Redwood will continue converting STTK's debt to shares. In the meantime, like all the longs here, I'm STTucK waiting until we hear back formally from the company.

On the positive side, the company has a real product that most of us Longs use, and both their advertiser and radio content providers seem to like. It's a good business model for both. The company's growth has been positive for the past three quarters, even as they've made substantial cost reductions.

The only real negative I have is that we still have not heard any recent news on new partnerships, new products, and product enhancements, or the current status of their patents. In my opinion, a company like this should be putting out PRs/ Announcements on a continuing basis.

Listening to LoadnLock's experience with the t-shirt, I suspect they are seriously understaffed and underfunded for the scope of work they are attempting to carry out.

AIMO,

TheNervousInvestor Wednesday, 10/01/14 06:21:26 PM
Re: PhantomRecce post# 21157
Post # of 21158

That appears to be the case. If I may ask, how do you feel about such drop in pps as well as lack of communication from management via email or pr etc? Perhaps I'm being overly nervous, who knows. Thanks!