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DILUTION ALERT
New 153,000,000 shares from NBF will hit the market starting on Monday next week.
NBF is on the bid trying to hold up the price so they can dump their new 160,000,000 shares next week.
DILUTION ALERT
New round is coming.
FRFS - GIFA INC Share Structure:
As of 3/7/2018:
Issued: 160,931,844
Restricted: 113,377,780
Float: 47,500,000
Retailers can't compete with toxic dilutors as they have an unfair advantage. They bought the shares at .001 and selling at .004. That's 300% gain. Even if they sell those shares at .002s, they still make 100%. Northbridge has made MILLION of DOLLARS off of investors. Peebrain is too dumb to continue with this type of financing.
There are two separate outstanding notes:
1) Northbridge for $110,000 (Sarasota County) convert at .001 per share) = 110,000,000 shares.
2) Pikeminnow for $110,000 (Pok County) convert ???
Here's from the Peebrain himself on the PikeMinnow note:
Supplemental Financial Report
March 1, 2018
Please review the following status report for SkyFidelity, Inc. (SRMX) and
TriCascade, Inc.
1. As of today, SkyFidelity, Inc. intends to pay off an existing obligation
owed to PikeMinnow Funding LLC pursuant to a promissory note entered
into between PikeMinnow Funding, LLC and Saddle Ranch Media, Inc. on
February 8, 2018. The prepayment amount of $37,875 is being held in
escrow and has been assigned to pay off the February 8th note between
Saddle Ranch Media, Inc. and PikeMinnow Funding LLC today.
https://backend.otcmarkets.com/otcapi/company/financial-report/188451/content
If Peebrain is transparent, he shouldn't let shareholders on the goose chase to find out about his debts. Who knows how much debts remain when none of these invoices were recorded in the latest 10-K Annual Report. This is one of the reasons FINRA rejected the Name/Symbol change request.
Another lawsuit filed in Desoto County. How many county courts did Peebrain use for debt settlements? Look like shareholders will have to search all 67 county courts in Florida to find out.
So far, I know of four county courts that Peebrain has used:
1) Sarasota County (4 cases filed)
2) Manatee County (2 cases filed)
3) Polk County (1 case filed - this is new)
4) Desoto County (1 case filed - this is new)
Nodummy from the Fraud Research Team compiled a detailed previous transaction between SRMX and NBF:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138510156
Thanks so that's 3(a)10 transaction #5 for SRMX
Links to the 2/12/18 suit for people that want to read it
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowComplaint.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowex1.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowex2.pdf
Here is a run down of all 5 transactions
#1) 7/18/2017 - Sarasota County, Florida Case Number 2017CA003575NC NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX1.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX1b.pdf
In that case Northbridge got a settlement to receive discounted free trading stock in exchange for $102,000 in debts owed to Techware Technology Co Ltd plus a $12,000 Broker fee owed to Windsor Street LP for handling the transaction
SRMX filings show that Northbridge received 78,985,000 free trading shares of stock to settle the $114,000 3(a)10 transaction ($.0014/share average)
#2) 10/3/2017 - Manatee County, Florida Case Number 2017CA004329AX NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX2a.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX2b.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX2c.pdf
In that case Northbrigde got a settlement to receive discounted free trading stock in exchange for $175,000 in debts owed to Techware Technology Co Ltd plus a $15,000 Broker fee owed to Windsor Street LP for handling the transaction
SRMX filing show that Northbridge received 173,164,000 free trading shares of stock to settle the $190,000 3(a)10 transaction ($.0011/share)
#3) 11/28/2017 - Sarasota County, Florida Case Number 2017CA005901NC NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX3a.pdf
In that case Northbridge got a settlement to receive discounted free trading stock in exchange for $100,000 in debts owed to Techware Technology Co Ltd plus a $10,000 Broker fee owed to Windsor Street LP for handling the transaction
SRMX filing show that Northbridge received 283,000,000 free trading shares of stock to settle the $110,000 3(a)10 transaction ($.00038/share)
At this point the SRMX float had grown to 542,718,995 shares
#4) 1/23/2018 - Sarasota County, Florida Case Number 2018CA000409NC NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC
https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX4a.pdf
In that case Northbridge got a settlement to receive discounted free trading stock in exchange for $105,000 in debts owed to Techware Technology Co Ltd plus a $10,000 Broker fee owed to Windsor Street LP for handling the transaction
#5) 2/12/2008 - Sarasota County, Florida Case Number 2018CA000774NC
PIKEMINNOW FUNDING LLC vs SADDLE RANCH MEDIA INC
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowComplaint.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowex1.pdf
https://promotionstocksecrets.com/wp-content/uploads/2018/02/SRMXpikeminnowex2.pdf
In that case Pikeminnow Funding LLC is paying off $100,000 in debt owed to Techware Technology Co Ltd plus a $10,000 Broker fee owed to Alpine Securities Corp for handling the transaction.
Upon settlement the $110,000 can start being turned into new discounted free trading stock meaning even more dilution for SRMX in the future.
Seems like all SMRX is about is dipping into shareholder's pockets to pay off money owed to Techware Technology Co Ltd. By the time 3(a)10 transaction #5 is done, Timothy P. Peabody will have diluted over 1,000,000,000 shares into the market just to pay off money owed to Techware Technology Co Ltd by Tricascade Inc.
PikeMinnow Funding LLC was just created as a Colorado Business entity on October 17, 2017 by Gavan Duemke. First time I've seen them so they are obviously the newest player in the dirty 3(a)10 debt/dilution game which has become a rampant problem in the penny stock world.
In the past settlements, the conversion price had been 50% of the lowest trade in the previous 20 trading days.
You can look back on the previous settlements. SRMX only issued shares to Northbridge Financial Inc (NBF) and NBF has been making millions of dollars off of SRMX investors.
Following the acquisition of Skyfidelity, Inc. the Company recognized the need to restructure certain past due accounts payable previously incurred by TriCasade, Inc. relating to the development of TriCascade’s new i-Bright single outlet wi-fi IoT wall-plug platform product, under an Original Design Manufacturing (“ODM”) Agreement with a Taiwanese technology company dated as of April 12, 2016 for which the Company had assumed financial responsibility. The Company entered into Settlement Agreements with Northbridge Financial, Inc.(“NCI”) on July 18,2017, October 3, 2017 and November 28,2017 to settle the first three instalments of $ 102,000, $175,000 and $100,000 respectively payable under the ODM ( plus financing costs of $ 37,000) due to NCI arising from NCI’s purchase of this accounts payable debt. The financing by NCI enabled development and production of the new TriCascade product to commence. The Settlements by the Company with NCI were made via the issuance of unrestricted common stock to NCI at a 50% discount to market pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended (the “Securities Act”). The fairness of the Settlement Agreements was approved by Orders granted by the Twelfth Judicial Circuit Court for Sarasota County, Florida on July 19, on October 4, 2017 and on November 29,2017 respectively. Following this approval, the Company issued the following:
- 78,985,000 unrestricted common shares issued to NCI over the period July 24,2017 through and including September 20,2017 in settlement of the initial tranche of $ 102,000 in past due accounts payable and financing costs of $12,000;
- 173,164,000 unrestricted common shares issued to NCI over the period October 11,2017 through and November 11,2017 in settlement of the second tranche of $ 175,000 in past due accounts payable and financing costs of $15,000; and
- 151,000,000 unrestricted common shares issued to NCI over the period December 4,2017 through and including December 18,2017 in partial settlement of $ 52,900 toward the third tranche of $ 100,000 in past due accounts payable and financing costs of $10,000.
5
Saddle Ranch Media, Inc. – Annual Financial Report for the 12 Months Ended December 31, 2017
f. On December 1,2017 the following restricted common shares (totaling 92,062,375 common shares) were surrendered to the Company’s Treasury:
- Timothy Peabody, our Chairman and CEO, surrendered his entire holding of 62,500,000 common shares;
- Max Chin Li , our President, surrendered his entire holding of 25,000,000 common shares; and .
- An unaffiliated shareholder surrendered its entire holding of 4,562,375 common shares.
The net result of the actions summarized in notes e. and f. hereof resulted in a net increase in
issued and outstanding common shares between July 24,2017 and December 31,2017 of
311,086,625 common shares, such that at December 31,2017 the total issued and outstanding
common shares amounted to 464,029,176 ( there was no change to the issued and outstanding
1,000,000 Series “B” preferred shares.)
g. On December 21,2017 the Company increased its authorized share capital from
500,000,000 common shares to 2,500,000,000 common shares (There was no change to the 3,000,000 authorized Series ”B” preferred shares).Then on December 29,2017 the Board of Directors approved an Amendment to the Company’s Articles of Incorporation whereby the par value of the Company’s common stock was reduced from $ 0.005 to $ 0.0001.
h. Between January 1, 2018 and January 11, 2018 a total of 132,000,000 unrestricted common shares were issued to NCI in partial settlement of an additional $ 39,600 toward the third tranche of $ 100,000 in past due accounts payable.
Accordingly, at the date of this filing, there were 596,029,176 common shares issued and
outstanding, and 1,000,000 Series ”B” preferred shares issued and outstanding, held by 481
shareholders of record, of which 542,718,995 common shares (or approximately 91% of the total
issued common shares) were held in the public “float”.
It isn't confusing, it's shady. This is why FINRA requested 10 year worth of documents for a simple name/symbol change request.
That was Northbridge the dilutor. They tried to hold the price up so they can dump their 110,000,000 shares starting next week.
This is one of the reasons why FINRA requested Peebrain to provide 10 year worth of corporate documents to them.
"Unfortunately, despite over four months of communication with FINRA regarding our symbol change and name change (the symbol change was issued and revoked in October 2017 due to filing issues with the state of Utah), last Friday, February 9, 2018, FINRA sent our company a list of documents to provide to them relating to SRMX corporate activities since 2008. This request is standard operating procedure but requires time to assemble. Therefore, I anticipate that these documents will be delivered by February 28, 2018. Why
FINRA decided to ask for these documents now instead of four months ago is a mystery. Quite frankly all of the documents requested are posted in the state of Utah’s website for SRMX."
https://www.otcmarkets.com/stock/SRMX/news/FEB-14-2018-STATUS-REPORT?id=183507
There are currently two separate settlements going on right now.
1) Pikeminnow for $100,000 + $10,000 costs = $110,000. (Polk County)
2) Northbridge for $100,000 + $10,000 costs = $110,000 (Manatee County) with conversion price of .001.
The Pikeminnow case was settled in Polk county. Peebrain has been playing the court system in Florida to pay for his debts.
There are currently two separate settlements going on right now.
1) Pikeminnow for $100,000 + $10,000 costs = $110,000.
2) Northbridge for $100,000 + $10,000 costs = $110,000 with conversion price of .001.
Make it the new #5. It's back to NorthBridge Financial Inc now.
For those of you who are new to SRMX, when Peabrain (CEO) is active on Twitter means only one thing: DILUTION.
Have I ever been wrong on my DILUTION alerts?
Looks like DILUTION strikes again.
Retailers can load on the bids all they want next Wednesday (2/21) when PIKEMINNOW FUNDING LLC the dilutor dumps.
FRFS - GIFA INC Share Structure:
Issued: 160,931,844
Restricted: 113,377,780
Float: 47,500,000
SRMX is now under the microscope of FINRA. FINRA requested SRMX's corporate activies since 2008. That's 10 year worth of documents. Assuming SRMX can provide all of those documents, it will take months for FINRA to comb through those documents.
February 14, 2018
Please review the following status report for SkyFidelity, Ind (SRMX) and TriCascade,
Inc.
• As of this morning Northbridge Financial has confirmed that they have sold the
remaining shares allocated to them pursuant to the most recent 3a10 order.
Therefore, Northbridge has been out of the market since February 7, 2018.
Shareholders should understand that current trading activity has not resulted
from Northbridge’s sale of shares but is obviously based upon current market
conditions and perceptions of the company.
• In order to continue to develop our ground-breaking technology, SkyFidelity has
entered into a financing agreement with a new financial partner. This new
financial partnership has been widely discussed this week by our shareholders.
This round of financing has been required in order to pay off existing
manufacturing debt owed by TriCascade, Inc to our manufacturing partners.
This round will require the issuance of an additional 75 million SRMX shares
into the market starting February 21, 2018. It is unknown whether additional
shares will need to be allocated in order to ensure the development and the
presentation of the SkiQ device as well as our products to the marketplace.
• A review of our financials will provide proper advice regarding debt obligations
owed to our manufacturing partners. This debt has been incurred to develop
and produce the SkiQ line of Routers as well as continued development and
manufacturing of our Smart Home devices.
• Our goal is to finalize the production of the first five thousand (5000) SkiQs by
June 2018. This number of units has been determined based upon our sales
goal for the 2Q 2018. This sales goal is based upon current conversations
with prospective SkiQ customers. If we can achieve this sales goal, our
company will thereafter be able to maintain our aggressive production schedule
and sales without further share issuance. To be clear, the five thousand (5000)
unit goal is based upon certain communications and demonstrations of the
SkiQ device to prospective purchasers. The sale of five thousand (5000) units
is not a certainty and no investor should consider it as such. The delivery of
the first five thousand (5000) SkiQ devices will be based upon actual purchase
orders and the anticipated completion of manufacturing time frames.
You must be kidding. Load before 75 Million shares flood the market in three more trading days?
Summary:
1) 75,000,000 shares will be issued to PIKEMINNOW FUNDING LLC next Wednesday.
2) Name/Symbol is a no go.
3) 5000 units are to be used for DEMO only. No sales.
The biggest news right now is dilution has ended or about to end if it hasn't already. Any news comes out from the company will just be a bonus.
What we are seeing is the last of the shares from NBF. Let them finish then we run. Be patient. Timing is everything in the OTC and the time to buy is on the tail end of the dilution period which is now.
This will go from red to very green today.
This will be back to penny land next week. Last time the dilution was over, it ran from .0006 to .0149. This time it should run past that since we have higher base.
Dilution period over is the time to buy. Remove your asks and let her go folks.
DILUTION IS OVER!
Time to get back in folks.
Looks like 9M at .0045 is the last of the dilution.
Northbridge only sold 1/3 of their shares. They still have another 230 Million shares to sell.
Looks like they dilute about 100 Million shares per week. That means this still has another 2 weeks to get rid of 230 Million shares just like the CEO told someone last week that the dilution would last 30 days.
This one "US31816P2020" has been active since 2012 when FRFS executed its stock split.
This one "US31816P1030" is old and has been inactive since 2012 after FRFS executed its stock split.
Call this number 212-438-6565, ask them to look up FIREFISH INC, then they'll you.
Look who the CEO is in bed with for financing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130349042
The current dilution is for 4th tranche since July.