Total Sports Media Inc. (fka TSMI)

[PhantomRecce]

You know, I've thought for a while now that the real reason for the 8-K on October 7th, with the positive news of a much lower OS than some thought possible, was probably to set the scenario where the company could sell enough stock to either pay off ASC Recap or make a allow Redwood to convert some of their credit debenture. i.e. to attract some fresh buyers for the conversion.

Who knows? Still STTucK here with the rest of the Longs.

TheNervousInvestor Thursday, 10/16/14 03:01:48 PM
Re: None
Post # of 21540

Takes 3 days to clear funds on trading. Sounds like the company sold butt load of shares on 15th or so, wait 3 days to pay Redwood on 18th. I could be wrong but the ZERO volume after 15th seems to be the case.