Crank Media Inc. (CRKM)

[StephenBrownConReport]

Wow, this is CRIMINAL:

- Crank Media owed Sylvia Meadows +$100k from a previous note and was in default
- Stephen Brown acquired Crank Media, terms unknown
- Crank's Board (at the time Stephen Brown was the sole member as I can tell) approved a new agreement of $130k owed to Sylvia and 1,500,000 shares in Crank Media to Sylvia
- As part of that agreement, Stephen Brown was to pay the $130k to Sylvia and took on the new convertible note
- Stephen Brown immediately converted the new note into 20,000,000 shares
- Stephen Brown did not pay Sylvia the $130k and was sued for the full amount plus interest and lost in court late 2021. The payment status is unknown.

At the time of the new agreement, Crank was trading at ave $2.5 per share.

Sylvia was issued over $3M of Crank shares.
Brown was issued $50M of Crank shares

The $130k note converted at 20,000,000 shares is .0067 per share, a 99.7% discount to the average trading price.

Stephen Brown then immediately attempted to get a loan against those shares, representing himself to have funds to buy 3 different $8-16M mansions in Vancouver and defaulting on all three contracts + all three currently in court. One he lives in and is in process of being evicted.

Stephen Brown immediately represented himself to own over $200M in long term liquid Crank shares (half of which he had just converted at .0067 per share only weeks earlier) to multiple real estate deals.

What a SCUMBAG piece of crap FRAUDSTER