Thursday, January 15, 2015 2:02:37 PM
#@#@#@# HERES THE INFORMATION FROM STTKs FILING______WITH_NO SPIN_______JUST_THE FACTS__ENJOY!
TAKEN DIRECTLY FROM YESTERDAY'S FILING:
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
STTK's DEBT:
ASC toxic debt $253,000
Redwood toxic debt $438,000
Vendor note still $19,000
Conv prom notes $1,548,000
IBM credit still $59,000
And Lets Not Forget subsequent events:
12. Subsequent Events
In December 2014, we entered into a $15,000 convertible note payable with our Chief Executive Officer. Under the terms of the agreement, the note incurs interest at 8%, is due in two years and convertible into common stock at $0.0001 per share.
In December 2014, we entered into a $15,000 convertible note payable with the Chief Executive Officer of StreamTrack Media, Inc. Under the terms of the agreement, the note incurs interest at 8%, is due in two years and convertible at $0.0001 per share.
In December 2014, we entered into a $114,350 convertible note payable, in which proceeds of $81,479 are to be received, with a third party. Under the terms of the agreement, the note incurs interest at 4%, is due in two years and convertible at current market price discounted at 10% based upon the lowest five day period prior to the date of conversion.
In December 2014, the holder of a $150,000 convertible note payable sold the note to a third party. In connection with this sale, the Company agreed to adjust the conversion price of the convertible note payable from a fixed rate to a variable conversion price based upon 75% of the lowest closing bid price for the Company's common stock for the five trading days immediately preceding the conversion date. The Company expects to account for the transaction as an extinguishment and will record a derivative liability in connection with the new terms of the convertible note payable.
In December 2014, the Company designated 20,000 shares of preferred stock as Series C Convertible Preferred ("Series C") stock. Each share of Series C is convertible into $150 in fair market value of the Company's common. The fair value will be equal to the average closing market price of the Company's common stock during the 10 trading days prior to the conversion of the Series C.
Subsequent to November 30, 2014, the Company issued 122,490,000 shares of common stock in connection with $36,694 in convertible notes payable.
Subsequent to November 30, 2014, the Company issued 127,760,000 shares of common stock in connection with the settlement of accounts payable and related fees of $135,051.
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
And Finally Lets Not Forget About the UNLIMITED AUTHORIZED SHARES
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 9, 2015 Filing)
TAKEN DIRECTLY FROM YESTERDAY'S FILING:
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
STTK's DEBT:
ASC toxic debt $253,000
Redwood toxic debt $438,000
Vendor note still $19,000
Conv prom notes $1,548,000
IBM credit still $59,000
And Lets Not Forget subsequent events:
12. Subsequent Events
In December 2014, we entered into a $15,000 convertible note payable with our Chief Executive Officer. Under the terms of the agreement, the note incurs interest at 8%, is due in two years and convertible into common stock at $0.0001 per share.
In December 2014, we entered into a $15,000 convertible note payable with the Chief Executive Officer of StreamTrack Media, Inc. Under the terms of the agreement, the note incurs interest at 8%, is due in two years and convertible at $0.0001 per share.
In December 2014, we entered into a $114,350 convertible note payable, in which proceeds of $81,479 are to be received, with a third party. Under the terms of the agreement, the note incurs interest at 4%, is due in two years and convertible at current market price discounted at 10% based upon the lowest five day period prior to the date of conversion.
In December 2014, the holder of a $150,000 convertible note payable sold the note to a third party. In connection with this sale, the Company agreed to adjust the conversion price of the convertible note payable from a fixed rate to a variable conversion price based upon 75% of the lowest closing bid price for the Company's common stock for the five trading days immediately preceding the conversion date. The Company expects to account for the transaction as an extinguishment and will record a derivative liability in connection with the new terms of the convertible note payable.
In December 2014, the Company designated 20,000 shares of preferred stock as Series C Convertible Preferred ("Series C") stock. Each share of Series C is convertible into $150 in fair market value of the Company's common. The fair value will be equal to the average closing market price of the Company's common stock during the 10 trading days prior to the conversion of the Series C.
Subsequent to November 30, 2014, the Company issued 122,490,000 shares of common stock in connection with $36,694 in convertible notes payable.
Subsequent to November 30, 2014, the Company issued 127,760,000 shares of common stock in connection with the settlement of accounts payable and related fees of $135,051.
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 14, 2015 Filing)
And Finally Lets Not Forget About the UNLIMITED AUTHORIZED SHARES
Source: http://www.otcmarkets.com/stock/STTK/filings (Jan 9, 2015 Filing)
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