Saddle Ranch Media Inc (SRMX)

[Helter Skelter]

"If you read that Complaint you'll see that Oshana was only required to pay a portion of the debt up front then he was using proceeds from the sale of the discounted free trading stock into the market to raise the funds needed to pay off the rest of the debt. That is an illegal kickback arrangement. Apparently CDII's beef is that they believed that Rockwell Capital Partners Inc (Samuel Oshana) was only supposed to sell stock until the debt was paid back then the share selling was supposed to cease. Oshana didn't stop and kept converting and selling stock until the entire debt was used up pocketed like $2 million for himself while killing the share price."

Link > https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130349042

"...killing the share price..."

"Even though the SEC zeroed in on a couple of more erroneous transactions that involved kickbacks and fabricated debts, in the IBC Funds LLC Complaint the SEC basically called all 50+ transactions that IBC Funds LLC participated in with public companies illegal."

SRMX's is FAKE debt. The debt doesn't even belong to SRMX. It belongs to TriCascade Inc which doesn't have anything to do with SRMX, an expired entity since 02/01/2017.

northbridge financial sued an expired entity (SRMX) twice, lol...SEC will have a field day with that!