Total Sports Media Inc. (fka TSMI)

[PhantomRecce]

Admiral... this part I'm confused about. Why would Hill manipulate the price down before allowing another round of dilution? Wouldn't he prefer to start from a higher PPS in order to get a better price per share? Plus, the would reduce the number of shares STTK's funders require to get paid back.

And, even if STTK were only set up to sell lots and lots of shares, they could still issue more convertible debentures in future rounds... and presumably make higher rates of return and overall income from a higher PPS.

Please help me understand what Hill's motivations would be to see a reduction in share price before their funders' convertible debentures are issued. I don't understand that.

Thanks,