Rivulet Media Inc (fka RIVU)

[surf1944]

You are correct the BB's are tight, but the move can just as easily be to the down side. I believe it is likely to break down because BMSN is going to increase the A/S to sell more common or sell some preferred stock in the coming weeks:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9457542

NOTE 5. GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Exclusive of a onetime non-cash gain of $41,645,688 recognized upon the deconsolidation of Entest Biomedical, Inc., the Company generated net losses of $ 16,251,671 (excluding $663,649 of Equity in Net Losses of Entest Biomedical, Inc. recognized) during the period from August 2, 2005 (inception) through June 30, 2013. This condition raises substantial doubt about the Company's ability to continue as a going concern. The Company's continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Management plans to raise additional funds by offering securities for cash.

As of June 30 , 2013, we had $10,282 cash on hand and current liabilities of $1,560,417 such liabilities consisting of Accounts Payable, Notes Payable, Expenses Accrued but not yet paid, Convertible Notes Payable net of Unamortized Discount and Amounts due to Affiliated Parties.