Total Sports Media Inc. (fka TSMI)

[MDuffy]

Someone floated an idea some months back that last report was so bad primarily due to derivative liabilities, 5m (?<<from memory) of which were a result of promising more stock via convertibles than they had authorized, due to the volatile nature of the price and it being at a particular low point at the time. The theory was that now with the unlimited A/S those derivative liabilities will no longer be there so it will APPEAR as though they have paid down 5m from the balance sheet (even though they haven't actually done anything). I don't remember who it was- Oscar? Oscaro? But found it interesting all the same as a possibility. It may not be QUITE as bad as we think…. and may APPEAR good enough for some new buyers to come in. This is of course just a theory.