SMA Alliance, Inc. (SMAA)

[NunyaBidness]

Debt holder was Sarah Myers and Tony Baker, it was named. These are the people I've been saying for 2 years are the ones that really run this shell company.

The "debt" they owe is 100% BS for the record. The "assets" aren't even worth 5 figures much less 7 almost 8. But it's pretty easy to get that much when you are the buyer and the seller.

Baker Myers
– SMA Acquisition
On September 8, 2011, the Company issued a Note in the original principal amount of $7,000,000 for the purchase of USAutoplex via
an Asset Purchase Agreement (“SMA Acquisition”). At any time after September 12, 2012 (the “Maturity Date”), the principal amount of the note can be converted into shares of common stock at the lower of $0.0005 per share or a 60% discount of the lowest closing stock price for the previous twenty trading days tolled from the date such Conversion Notice is delivered to the Company. Based on the Company’s share price and the terms of the Note, the Company was obligated to reduce the par value per share to $0.00001, which was effective April 22, 2016.

During the period ended June 30, 2016, the Company issued 849,250,000 shares of common stock to various assignee’s in conjunction to reduce the principal debt obligation by $6,675,210.