Saddle Ranch Media Inc (SRMX)

[nodummy]

I haven't really studied the whole Skyfidelity Inc/Tricascade Inc acquisition, but I can say that an acquisition and a merger can be two different things. You can acquire a company making it a wholly owned subsidiary without merging two companies together. So it's possible for a company to issue stock or cash to acquire another company and make it a wholly owned subsidiary so that the acquired company's operations become the part of the parent company's operations without merging the two companies into one.

Also, I haven't looked into the dates of when Peabody cured any past delinquencies with the Utah SOS or conducted any specific corporate actions vs the time line of when he became the CEO/controlling shareholder of SRMX. Normal order of business for a respectable publicly traded company is to announce a change of control or change in company officers in an 8K filing immediately after it happens, but SRMX is not an SEC registrant. They are a non-SEC reporting pink sheet company. Pink sheet companies are considered junk stocks (not respectable companies) by regular investors because they are not required to make public disclosures and are not regulated. Amendments should be filed with the local SOS when changes in company officers occur, but it is not uncommon for penny stocks to wait and just include the changes when the next annual report is due. Most of these pink sheet tickers are cash poor so they will avoid even the nominal cost of an SOS filing when they can.

But all that being said, I think the AT&T name drop done by SRMX was at the very least extremely misleading and untruthful. Also, I studied the debt/dilution situation with SRMX very thoroughly and made a post about it yesterday. SRMX is in for a crap storm of new near term dilution and I think people need to be very careful here because the SRMX share price could suffer tremendously moving forward because of it.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138050321

Here is a run down of that debt/dilution research:

SRMX - no surprised but it looks like AT&T denied having any working relationship with SRMX

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138048877

SRMX had put out a PR on 1/17/18

https://www.otcmarkets.com/stock/SRMX/news/SkyFidelity-Enters-Into-Product-Development-Agreement-with-AT-amp-T-for-IoT-Smart-Home-Eco-System?id=180660&b=y

SkyFidelity Enters Into Product Development Agreement with AT&T for IoT Smart Home Eco-System

The PR set off a massive amount of volume for SRMX kicking off a really ugly pump&dump.

The reason for the pump&dump = Samuel Oshana of Northbridge Financial Inc.

Over and over again we have seen Samuel Oshana work out prearranged 3(a)10 court settlement agreements to receive discounted free trading stock in exchange for paying off debts for public securities.

In the case of SRMX, Oshana has done at least 4 rounds of 3(a)10 debt conversion transactions:

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)


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)


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


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

Based on the updated outstanding share structure reported on OTC markets on January 24, 2018 of 647,862,476 and updated float reported on OTC markets on January 24, 2018 of 602,047,080, Northridge was issued 51,833,300 more free trading shares of stock on January 24th as a first tranche of shares paid towards the latest $115,000 3(a)10 transaction.

Since the standard settlement agreement allows Northridge to received shares at a 50% discount of the lowest trading price of the stock over the previous 20 trading days, the 51,833,300 shares would have been issued at $.000345/share



SRMX was trading at a high of $.0124/share on January 24, 2018 (the day that Northbridge received its latest tranche of free trading stock. Since that time the stock has taken a tumble back down to as low at $.00535/share before closing at $.0058/share on Friday.

51,833,300 shares at $.000345/share would have only covered $17,883 of the latest $115,000 3(a)10 transaction so at $.00345/share Northbridge is going to receive another 281,498,550 free trading shares of stock that Northbridge will be dumping into the market. Since Oshana is getting his shares at around $.000345/share he stands to make A LOT of money even if the stock falls a lot further from where it is now.


All total that comes to 868,480,850 free trading shares of stock dumped into the market by SRMX through Northbridge Financial Inc (Samuel Oshana) solely because of money owed to Techware Technology Co Ltd by SRMX's subsidiary Tricascade Inc because of parts ordered from Techware Technology Co Ltd.


More on Samuel Oshana in this old link from April of 2014

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130349042



So in conclusion. SRMX is just an ugly pump&dump that misled investors by name dropping AT&T into their latest PR to assist in them adding hundreds of millions of free trading shares of stock into the float.