Saddle Ranch Media Inc (SRMX)

[nodummy]

SRMX + Northbridge Financial X 9

Today SRMX filed its 9th 3(a)10 transaction with Northbridge Financial Inc (Samuel Oshana). This time for a massive $571,000. That will lead to tons more dilution in the coming days/weeks.

https://promotionstocksecrets.com/wp-content/uploads/2018/05/SRMXNorthbridge9.pdf

Prior to the 3(a)10 transactions, SRMX had a float of 7,569,995 shares. Virtually every share that has been added to the float since that time has gone through the hands of Northbridge Financial Inc before being sold into the market.


Here is a run down of all 9 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 this 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).

3(a)10 transaction #1 made the new float 86,554,995 shares as of October 1, 2017


#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 this 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(a)10 transaction #2 made the float 259,718,995 shares as of November 27, 2017



#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 this 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 approximately 341,000,000 free trading shares of stock to settle the $110,000 3(a)10 transaction ($.00032/share)

3(a)10 transaction #3 made the SRMX float 600,718,995 shares as of January 22, 2018



#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 this 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 Capital LP for handling the transaction

Northbridge Financial Inc received approximately 246,600,085 shares from this 3(a)10 transaction ($.00047/share).

After 3(a)10 transaction #4 SRMX reported its float at 847,319,080 shares on February 27, 2018



#5) 2/27/2018 - Manatee County, Florida Case Number 2018CA000861AX NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SMRX5a.pdf

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMX5b.pdf

In this case Northbridge got a settlement to receive discounted free trading stock in exchange for paying off $100,000 in debts owed to Techware Technology Co Ltd plus a $10,000 Broker fee owed to Windsor Street Capital LP for handling the transaction.

Northbridge Financial Inc received approximately 120,000,000 shares from this 3(a)10 transaction ($.0009/share)

After 3(a)10 transaction #5 SRMX reported its float at 967,319,080 shares on March 14, 2018



#6) 3/13/2018 - Sarasota County, Florida Case Number 2018CA001301NC NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge6a.pdf

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge6b.pdf

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge6c.pdf

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge6d.pdf

In this case Northbridge got settlement to receive discounted free trading stock in exchange for paying off $120,000 in debt owed to Techware Technology Co Ltd plus $22,776.25 in debt owed to Stradling Yocca Carlson & Rauth for legal services related to SRMX corporate actions and filings plus a $12,500 Broker fee owed to Windsor Street Capital LP for handling the transaction. $155,276.25 total.

Again we are looking at free trading shares around $.001/share - $.0011/share being issued to Northbridge Financial Inc for approximately 141,160,227 to 155,276,250 new shares total.

After 3(a)10 transaction #6 the SRMX float was around 1,118,000,000 shares


#7) 3/27/18 - Manatee County, Florida Case Number 2018CA001393AX NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge7a.pdf

https://promotionstocksecrets.com/wp-content/uploads/2018/03/SRMXNorthbridge7b.pdf

In this case, Northbridge Financial Inc got discounted free trading stock in exchange for $150,000 owed to Techware Technology Co Ltd by TriCascade Inc plus a $12,500 broker fee owed to Windsor Street Capital LP for handling the transaction ($162,500 total).

Northbridge will again use the 50% discount off the lowest trading price over the previous 20 trading days similar to all the other deals. That will mean around another 130,000,000 shares of dilution.

After 3(a)10 transaction #7 SRMX will have a float was around 1,248,000,000 shares



#8) 4/10/18 - Sarasota County, Florida Case Number 2018CA001859NC NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC

https://promotionstocksecrets.com/wp-content/uploads/2018/04/SRMXNorthbridgeFinancial8.pdf

In this case, Northbridge Financial Inc will get discounted free trading stock in exchange for $180,000 owed to UBroadtek Technology Co Ltd by Tricascade Inc plus an $18,000 broker fee owed to Windsor Street Capital LP for handling the transaction ($198,000 total).

The $180,000 owed to UBroadtek Technology Co Ltd were for parts ordered back in March of 2017 and May of 2017. Despite the receipts being from early 2017 this debt wasn't included on the SRMX OTC balance sheets filed for the periods ending after June 30, 2017.

Using the regular Northbridge discount of 50% off the lowest trading price over the previous 20 days, Northbridge is in line to get its shares for $.0012 or less (depending on where the price goes over the next few trading sessions). That means at least another 165,000,000 shares of dilution coming in the future from 3(a)10 transaction #8.

3(a)10 transaction #8 will take the SRMX float up to at least 1,413,000,000 shares

*** SRMX reported its float at 1,351,823,580 on April 30, 2018




#9) 5/01/18 - Manatee County, Florida Case Number 2018CA001957AX NORTHBRIDGE FINANCIAL INC vs SADDLE RANCH MEDIA INC

https://promotionstocksecrets.com/wp-content/uploads/2018/05/SRMXNorthbridge9.pdf

In this case, Northbridge Financial Inc will get discounted free trading stock in exchange for $520,000 owed to UBroadtek Technology Co Ltd by Tricascade Inc plus a $51,000 broker fee owed to Garden State Securities Inc for handling the transaction ($571,000 total).

I know that Windsor Street Capital LP has been having issues with the SEC of late for participating in some alarming p&d schemes so maybe those problems have finally caught up to Windsor Street Capital LP to the point that Northbridge Financial Inc is having to go with a new broker for the 3(a)10 transactions.

The $520,000 is the remaining balance owed to UBroadtek Technology Co Ltd by Tricascade Inc as was reported in the last 3(a)10 transaction

https://promotionstocksecrets.com/wp-content/uploads/2018/04/SRMXNorthbridgeFinancial8.pdf



Using the regular Northbridge discount of 50% off the lowest trading price over the previous 20 days, Northbridge is in line to get its shares for $.00125 (based on the April 23rd low) or less (depending on where the price goes over the next few trading sessions). That means at least another 456,800,000 shares of dilution coming in the future from 3(a)10 transaction #9.

3(a)10 transaction #9 will take the SRMX float up to at least 1,869,800,000 shares



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So the SRMX float will have grown from just 7,569,995 shares at the start of July 2017 to at least 1,869,800,000 shares all because of the nine 3(a)10 transactions. That's over 1,862,000,000 new shares dumped into the market by Northbridge Financial Inc.

Almost all the debt paid off by the 3(a)10 transactions was debt owed by TriCasade Inc to Techware Technology Co Ltd and UBroadtek Technology Co Ltd.

TriCasade is a California entity run by the SRMX Chairman (Timothy P Peabody) and SRMX CEO (Max Li). SRMX claims to have acquired or merged with TriCascade back in the spring of 2017 (depending on which SRMX filing/press release you read). When SRMX "acquired" TriCascade Inc it acquired all of the TriCascade debts too.

After the TriCascade Inc acquisition, SRMX only reported $487,000 in debt owed by TriCascade Inc in its to OTC disclosures.

https://backend.otcmarkets.com/otcapi/company/financial-report/184960/content

The $487,000 reported in the SRMX OTC filings was from a project that TriCascade Inc agreed to with Techware Technology Co Ltd that can be found in the following link:

https://promotionstocksecrets.com/wp-content/uploads/2018/01/SRMX2b.pdf



But when you total up the nine 3(a)10 transactions, SRMX has now paid $1,552,000 to Techware Technology Co Ltd and UBroadtek Technology Co Ltd because of money owed to those companies by TriCascade Inc. Obviously, the 3(a)10 transactions have gone way past reported debts.

SRMX has paid way more money than what was ever shown as being owed to Techware Technology Co Ltd and UBroadtek Technology Co Ltd in the SRMX OTC disclosures meaning that SRMX is not properly disclosing its debts to its shareholders.

Starting with 3(a)10 transaction #3, SRMX raised the original costs of the work to be provided by Techware Technology Co Ltd from $487,000 to $575,000



But the math still doesn't work since Northbridge Financial Inc ended up paying off $852,000 to Techware Technology Co Ltd.

Where did the other $277,000 come from?

It appears that SRMX started paying off the original $487,000 balance by paying the first $277,000 owed then they just started all over again when the prices were adjusted.

Not all court filings included invoices for the debts being paid, but using the documents provided to the courts we can easily make the following list from each of the nine 3(a)10 transactions:

#1) Techware Technology Co Ltd - $102,000 (dp + stage 1 of the original $487,000 bill)
#2) Techware Technology Co Ltd - $175,000 (paid towards the original $487,000 bill)
#3) Techware Technology Co Ltd - $100,000 (stage 1 of the new $575,000 bill)
#4) Techware Technology Co Ltd - $105,000 (dp + stage 2 of the new $575,000 bill)
#5) Techware Technology Co Ltd - $100,000 (stage 3 of the new $575,000 bill)
#6) Techware Technology Co Ltd - $120,000 (stage 4 of the new $575,000 bill)
#7) Techware Technology Co Ltd - $155,000 (stage 5 of the new $575,000 bill)

**Why did SRMX double pay for the earliest stages of the Techware Technology Co Ltd manufacturing agreement?


#8) UBroadtek Technology Co Ltd - $180,000 (for receipts from March and May of 2017)
#9) UBroadtek Technology Co Ltd - $520,000 (for receipts from after May of 2017)

Why wasn't the UBroadtek Technology Co Ltd debts including on the SRMX balance sheets during 2017?



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SMRX appears to be just about dipping into shareholder's pockets to pay off money owed by TriCascade Inc to various manufacturers.

It seems really dirty the way that SRMX continues to make retail shareholders pay for their past debts without giving SRMX retail shareholders any fair warning and without giving SRMX retail shareholders any clear idea how much more debt might remain.

At this point SRMX shareholders have no idea how much more debt might exist even now after the $700,000 owed to UBroadtek Technology Co has been paid off since SRMX has a history of not reporting all of its debts on its balance sheets submitted through OTC markets.

There may be some other tech company that is owed money by TriCascade Inc lined up to participate in new 3(a)10 transactions once UBroadtek Technology Co Ltd is done.

Everybody thought that after the Techware Technology Co Ltd debts were done being paid off that would be it for the 3(a)10 transactions. They were wrong. SRMX dropped a surprise bombshell on investors by doing $700,000 worth of 3(a)10 transactions for money owed to UBroadtek Technology Co Ltd. Will SRMX have another bombshell in the future with yet another big undisclosed bill due to yet another undisclosed overseas tech company that will lead to more big 3(a)10 transactions in the future? History says it is very possible.


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By the time 3(a)10 transaction #9 is done, Timothy P. Peabody (the SRMX Chairman) will have used Northbridge Financial Inc to dilute over 1,869,800,000 shares into the market just to pay off money owed by TriCascade Inc.

And there is no way of knowing if yet another tech company is waiting in the wings for its turn to start being paid back through 3(a)10 transactions once UBroadtek Technology Co Ltd is done.

It is as if the playbook for Timothy P Peabody is to dilute SRMX as much as possible to pay for the business operations of TriCascade Inc then spin those business operations out of SRMX once the shell is sucked dry.

The fact that SRMX has been unable to get FINRA to approve a name/symbol change despite several months having passed tells me that the debt/dilution situation isn't the only serious thing wrong with SRMX. The following is a good informational post about what may be holding up the process.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139223912