Saddle Ranch Media Inc (SRMX)

[nodummy]

Here are all the documents for the new 3(a)10 case filed on 3/27/19 that you referenced from the recent SRMX annual report along with all 8 exhibits filed with the Complaint

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex1.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex2.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex3.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex4.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex5.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex6.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex7.pdf

https://otcmarketresearch.com/wp-content/uploads/2019/04/LivingstonSRMX3a10ex8.pdf

https://backend.otcmarkets.com/otcapi/company/financial-report/215021/content

Page 20, (d):

(d) As part of the Company’s plan to reduce of accounts payable totaling $ 416,676 due to certain Taiwan product development entities, on March 25,2019 the Company entered into a Section 3(a)10 debt reorganization agreement with Livingston Asset Management LLC (“LAM”) whereby, subject to court review and approval, the Company would seek to issue its common shares to LAM at a discount of 40% to market, which in turn would discharge the Company’s accounts payable liability. If approved by the court, the Company however plans to exercise the Section 3(a)10 restructure in gradual tranches in 2019 in accordance with extended payment terms with its suppliers. In connection with this arrangement, on January 22,2019 the Company issued a 10% convertible note for $ 25,000 in favor of LAM to fund legal and court costs. Unless repaid before maturity of January 22, 2020, the note is convertible to common stock at a discount of 50% to market at maturity

The case already has the settlement offer ready to be approved just waiting on the court to set the hearing date to approve the settlement then Livingston Asset Management LLC (Stephen Hicks) will be able to start receiving discounted free trading stock to sell in tranches any time after that.


It's unfortunate to see SRMX going back down the 3(a)10 path again after all the dilution caused in 2018 by the eight 3(a)10 transactions done with Northbridge Financial Inc (Samuel Oshana)

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139967202

On top of the new 3(a)10 transaction with Livingston Asset Management LLC (Stephen Hicks), SRMX disclosed in today's new Reg A filing that they sold about 1.5 billion free trading shares at $.0003/share through their previous Reg A offering (page F-10 in the subsequent events section):

https://www.sec.gov/Archives/edgar/data/841533/000168316819001007/saddleranch_253g2.htm

On February 8,2019 the Company received approval from the SEC to proceed with its Regulation A offering of up to 3 billion of its free trading common shares at a purchase price of $ 0.0003 per share (for gross proceeds of $900,000). Such proceeds will provide much needed finance for product development, marketing and sales and working capital. Through March 31,2019 a total of 1,456,526,807 Regulation A common shares have been issued by the Company, which have realized net proceeds of $ 420,200.

Now today's new offering for another 961,473,193 free trading shares to be sold at $.00024/share was a bit of a gut punch to retail investors

https://www.sec.gov/Archives/edgar/data/841533/000168316819001007/saddleranch_253g2.htm


Anyways, just wanted to share the documents for people to have access to them.

good luck