lowtrade

[lowtrade]

STTK todays hot pop stock. Take profits when they present !

The other day I mentioned my theory for the new OTC game tell was;
Everyone looking for a volume spike, 3 to 10 days before price pop ?


The more you see something happen, the more you can rely on it !

My question was, why did the company PR business news out of the blue. Last news was months ago, and no funding was involved. They were paying off debit owed, not debit issued. This led to my Tin Foil hat guess the accumulation was insiders which knew conversion was about to happen.

IMO retail just got double teamed !

Here's what caused the price pop today.

Between October 7, 2014 and November 19, 2014, StreamTrack, Inc. (the “Company”) issued an aggregate of 118,743,650 shares of common stock upon conversion of previously disclosed convertible notes.

Just posted about one with owed debit like this at TALK. I thought it would run, not pop. But was wrong, it popped only.

This may be the new OTC game setup.
Price pull down, stall, volume pop, 3 to 10 days later, price pop dump.

5. Commitments and Contingencies

On October 23, 2013, the Superior Court in the Judicial District of Danbury, Connecticut entered an order approving the stipulation of the parties (the "Stipulation") in the matter of ASC Recap LLC ("ASC") v. StreamTrack, Inc. Under the Stipulation, the Company agreed to issue, as settlement of liabilities owed by the Company to ASC in the aggregate amount of $766,288 (the "Claim Amount"), shares of common stock (the "Settlement Shares") as follows:

(a) In one or more tranches as necessary, 3,740,000 shares of common stock (the "Initial Issuance") and an additional 200,000 shares of common stock as a settlement fee.

(b) Through the Initial Issuance and any required additional issuances, that number of shares of common stock with an aggregate value equal to (A) the sum of

(i) the Claim Amount and (ii) reasonable attorney fees and trade execution fees in the amount of $75,000, divided by (B) the Purchase Price (defined under the Stipulation as the market price (defined as the lowest closing bid price of the Company's common stock during the valuation period set forth in the Stipulation) less the product of the Discount (equal to 25%) and the market price. The parties reasonably estimated that the fair market value of the Settlement Shares and all other amounts to be received by ASC is equal to approximately $1,100,000.

(c) If at any time during the valuation period the closing bid price of the Company's common stock is below 90% of the closing bid price on the day before an issuance date, the Company will immediately cause to be issued to ASC such additional shares as may be required to effect the purposes of the Stipulation.

(d) Notwithstanding anything to the contrary in the Stipulation, the number of shares beneficially owned by ASC will not exceed 9.99% of the Company's outstanding common stock.

In connection with the Settlement Shares, the Company relied on the exemption from registration provided by Section 3(a)(10) under the Securities Act.

In connection with the settlement, during the nine months ended May 31, 2014 the Company issued 24,165,000 shares of common stock to ASC in which gross proceeds of $211,284 were generated from the sale of the common shares. In connection with the transaction, ASC received fees of $66,151 and providing payments of $145,133 to settle outstanding vendor payables. Subsequent to May 31, 2014, the Company issued ASC 9,378,000 shares of common stock. The remaining amount on the settlement of liabilities owed by the Company to ASC is in the aggregate amount of $370,488 as of June 30, 2014. The Company cannot reasonably estimate the amount of proceeds ASC expects to receive from the sale of these shares which will be used to satisfy the liabilities. Thus, the Company accounts for the transaction as the shares are sold and the liabilities are settled. All amounts are included within accounts payable. Shares in which are held by ASC at each reporting period are accounted for as issued but not outstanding.