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This further clarifies my point that the SEC is going after toxic funders and not the companies who received the funds from these financiers. As long as the company had no part in the scalping and reaping financial gains.
Understanding Toxic Financing and how this has nothing to do with SRMX.
Most penny stock financiers are considered toxic with high levels of dilution as they can dump shares on the market for a gain. They usually will purchase the unrestricted stock for 70% less then current market value. (Usually this is the only funding penny stock companies can acquire) This is something the SEC is cleaning up to help Penny stock companies from being takin advantage of. Which SRMX obviously was by GPL Ventures LLC and Tri-Bridge Ventures LLC.
In this instance that has nothing to do with SRMX. This post is about (ANOTHER COMPANY) illegally hiring a promotion company to pump the share price as they diluted shares and then the company received compensation from the proceeds.
Max was in charge when they were obtaining capital in 2019 from GPL Ventures LLC and Tri-Bridge Ventures LLC to fund operations and there is no way IMO that Max had any part in this type of scheme. SRMX needed funds for operation and these two companies took advantage of the limited amount of funders available to OTC companies.
here's why
In December 2019 930,100,000 unrestricted share were returned to the treasury from both Tri-Bridge Ventures LLC and GPL Ventures LLC for non payment. Now do you think these two toxic lenders would stop lending money to SRMX if they were making gains on diluted pumped shares. No they would not have. They would have continued to purchase these shares for a gain.
And the Livingston Asset Management (LAM) payment plan was approved by The District Court of Maryland.
Many OTC companies have been takin advantage of by these toxic lenders, and just again proves SRMX is on the right track obtaining most of their funds through a private investor and not having to dilute on share holders since the beginning of 2020.
Again, this has nothing to do with SRMX.
Below is a good article about toxic lenders and how SEC is cracking down on them. Again SRMX has done nothing wrong by receiving funds from these toxic lenders, its unfortunate that they had to but was a necessity to obtain funds legally to continue operations.
The SEC is cracking down on these lenders, not the companies receiving money from them, unless they were involved with getting a cut of the profits from the proceeds of the diluted shares.
https://www.securitieslawyer101.com/2021/unregistered-dealers-toxic-financings-toxic-lender-toxic-convertible-note/
LOL, this has nothing to do with SRMX. Timothy Peabody was a cancer SRMX discarded so Max can concentrate on selling products to Microsoft and growing the business. This just proves SRMX is heading the right direction.
If he does it seems as if he is securing funds from an outside resource (IMO most likely our investor) as no dilution of SRMX unrestricted common stock has been added to OS for operations in 2021.
Obviously Max is not worried about pumping SRMX and he has laid out all of the steps it takes to complete a PoC. Below are all in order of how a PoC is approved.
1. In January he started PoC with Microsoft (Officially)
2. Entered into agreement with Avnet to manufacture Tritom S100
(which is a large step to completing PoC as the company needs to insure you will be able to meet large demand for product when PoC is completed)
3. Tri Cascade entered into an authorized, formal Supplier relationship with Microsoft
(A step that is a must for ongoing orders according to Microsofts supplier relationship verbiage)
4. Tri Cascade signed up an LTE data rate plan under our wholesale agreement with T-Mobile, which now extends the provision of T-Mobile IoT connectivity to both NB IoT and to LTE, and then extends it to 5G. The LTE rate plan is a key factor to Tri Cascade’s Microsoft Sphere project. It significantly enlarges the Sphere solution with LTE connectivity service, while also providing Tri Cascade with increased reoccurring data connectivity revenue on a retail basis
(This step now allows TriCascades Tritom S100 to be a full feature 5g connectivity product which is unlike the other two Guardian devices listed on Microsofts website and creating synergy with their two largest partners T-Mobile and Microsoft.)
5. Because of the addition of LTE connectivity, we are also working on LTE onboarding for SIM activation and data billing infrastructure with T-Mobile - scheduled go on live in October, 2021.
(Will give SRMX an additional recurring revenue stream once PoC is completed with Microsoft)
6. Tri Cascade TRITOM Guardian S100 module, and successfully delivered the product to Microsoft in April, 2021 under Microsoft’s purchase order.
(To show how close they are to completing PoC and having their product released, Microsoft purchased SRMX MVP product for testing. If everything meets Microsofts standards we should see their Tritom S100 appear on Microsofts website after final approval has been made.)
All italic is IMO but these are the steps tech companies take to bring a new product to market. We are at the final stages of the PoC and IMO Max has laid it out pretty clearly for investors. Yes Max did not come out and say it was for testing purposes but as investors of an emerging technology company we need to understand how these steps work and do not exactly know what verbiage Max is allowed to use according to Microsofts NDAs.
Also I believe this was updated recently OTCM website.
https://www.otcmarkets.com/stock/SRMX/profile
It seems he is turning the SRMX ship around. He has taken nothing from SRMX shareholders in 2021 with 0 diluted added shares to OS of unrestricted stock to pay for operations.
In fact he delivered revenue for the first time in three years and now has the capability to manufacture products with partnerships with Compal and Avnet to bring TriCascades products to light. As well as adding multiple revenue stream via Microsoft and T-Mobile which will benefit shareholders greatly in the months and years to come.
In 2021 he certainly is not taking from shareholders but delivering in a big way. IMO.
I definitely see your point for prior years but this comment IMO does not accurately reflect SRMX activity to this point in 2021.
Could you send me the article please sir.
This is correct the shares held at DTC (makes them tradable) went up by 425,300,000 last week. The exact amount of LAMs last tranche. There has been 0 dilution of unrestricted common stock added to the OS in 2021.
Thanks for the info and looks right. I hope they are able to fully pay off debt so no more shares are added to the OS and SRMX can finally get this off their books and move forward.
Does anyone have a clue why a MM would buy a 50 mil sell at .00131 and not let it hit the PPS?
Trade number 87 today.
Let me know what you find.
That is correct, I am hopeful they are able to fulfill the rest of the amount due with this outstanding tranche but you never know.
Outstanding balance - $285,676
Tranche 5 share amount - 425,300,000
Means they would need to fill all 425,300,000 at an average price of .0007 to fully pay off outstanding balance. Since they have already been selling at around the .0015 area this average moves up.
We shall see but unless there is a mass sell off it is very likely this tranche will fulfill outstanding balance.
That is my guess.
Shares held at DTC went up 425,300,000
Which is the exact amount LAM's final tranche was.
There is an investor who owns 700 mil shares on SRMX discord.
You moved up your exit PPS. Bullish
Is there anyway we can update the description board?
I see two scenarios how this plays out.
Either these "person or persons" have taken it to far and they will be taking legal action for defamation. (Being their partners informed them of this I'm hopeful they have the offender(s) information)
Or the release was more a warning saying to stop or SRMX will take legal action if defamation continues.
SRMX is on the verge of breaking out and a "person or persons" is trying everything they can to harm their reputation. Obviously it did not work because their LEGIT business partners informed them of the incident so SRMX can handle the situation how they see fit. Just sad that Max and team have to waste time and energy when they already have so many other things on their plate.
I am hopeful it is the first scenario because sometimes enough is enough. We shall see how it plays out.
Yep someone has taken things to far. I hope Max and team sues these individuals for defamation.
https://backend.otcmarkets.com/otcapi/company/dns/news/document/52247/content
Thanks for the info. I think they could have a bright future and hope they can get current.
SRMX diluted 5 mil restricted common stock as of today just a fyi, I wonder who it went to and for what?
Love seeing people wanting shares for payment/services as long as they are restricted.
Hey everyone sorry if this has been answered but is KPAY going to get current or working that way?
Tricacscade is SRMX subsidiary that's how they work!
Not even close to a FACT.
And nothing about this statement is factual
Maxine might be planning to do a HUGE RS for POSRMX shareholders, then convert those shares into TriCascade shares, wiping out all POSRMX shareholder value, leaving POSRMX bag holders with a tiny percentage of TriCascade.
Convert? So subsidiaries can convert shares now?
Not in any exchange I know of.
Literally 0 FACTS
Max is a man and probably pretty consumed with the Microsoft testing.
It means investors are impatient because they know there will be no pumping in-between Q's. Which is fine, when an 8k comes out that we just filled a million dollar PO from Microsoft we will open at .02 and it will be to late for the flippers. IMO
THATS HOW SUBSIDIARIES WORK!
Literally the definition of a subsidiary!
So no I am not worried because I understand how corporate structures work.
If you are short term yes, our CEO is not tweeting, promising fake buybacks, or imaginary dividends. Does not even release official PR on Halo car, which would have skyrocketed this stock before the Q2 was released. So sorry if you want pumping it will not happen here.
Good thing Microsoft is a pretty big towel.
I do not, but when Max started PoC with Microsoft in the beginning of the year these are the steps to get products approved for production. I would only assume Microsoft would not skip steps even for a top of the list partner.
SRMX owns TriCascade, please explain your logic why a wholly owned subsidiary selling preferred stock is not a good thing for investors. I understand you take issue with it but I'm asking why. Understanding how corporate structures work is important to understanding the FACTS.
Microsoft does not think so.
Tricascade is a wholly owned subsidiary of SRMX. SRMX owns 100% of TriCascades (formerly SkyFidelity) common stock. A subsidiary can use preferred stock to raise funds for operations and is a much better option then to dilute common stock. Please explain to me what you are trying to say.
That is correct about T-mobile but Microsoft already sending a PO shows this is a different situation. (Microsoft is paying to approve their product and said quote "AND THESE ARE JUST THE FIRST ROUND OF PARTNERS, THAT WE WOULD PROMOTE AND OFFER TO YOU AS PARTNERS AS YOU COME TO MARKET WITH US WITH AZURE SHPERE") This is not just signing an agreement and putting product on a website, they would actively be selling SRMX product.
$3,464,542 of this was goodwill
Net loss from operations = $381,853
5k is very much in line with the steps of a PoC. Microsoft does not need more than a handful of units or MVP's to test, adjust, and approve for production. Now if our next PO from Microsoft is under 6 figures then there will be a concern. Right now SRMX is in the final stages of producing their tech for MICROSOFT. The only debate is when will we see it pop up on Microsoft website and again appreciate pointing out this monumental step by Max and the team.
https://azure.microsoft.com/en-us/services/azure-sphere/#overview
And yes a limited production run is going to limit margins, honestly I was expecting them to lose money on the MVP order. Once they start to order in bulk we will see much higher gross profit margins.
Microsoft does not feel like Max is any of those disrespectful words.
In fact Tricascade is at the top of the list in their minds. I think I will believe Microsoft and again appreciate you bringing to light how big of a deal the recent PO is for SRMX. That's all the Zhèngmíng I need.
Have a great night!
Proof and prove is the same word in Simplified Chinese (Mandarin)
Proof
Zhèngmíng
Prove
Zhèngmíng
As per any great CEO he probably delegated this task to our new Company Secretary Wen-Shone Shiau and he is not an "idiot" for not fully understanding all the nuances of the English language.
Welp, I surely appreciate your feedback and agree it is a game changer.
Glad you understand the steps that go into PoC. Thanks for pointing this out!
WOW I did not think I could be anymore bullish on SRMX. Welp I was wrong Q2 exceeded my expectations.
Who else is refreshing https://www.t-mobile.com/business/solutions/iot/device-certification Like a mad man. If you know you know. I'm just sitting back with my popcorn waiting for the show to start.
Correct, that is a possibility and am unsure if the ONENET I referenced is the ONENET B2B IoT Onboarding platform SRMX is referring to on their OTCM profile. It seems to be a good match but can not be 100% certain until we hear from Max. I am hopeful on our Q2 this point becomes more clear as well. Thanks for the feedback kingpindg