Replies to post #21340 on Total Sports Media Inc. (fka TSMI)

[Snizzle]

320k in convertible debt as of May 31st on standard terms.


Of the $860,000 of convertible promissory notes outstanding, $540,000 are held by related parties. These related parties consist of the Company's officers, significant shareholders or entities controlled by these individuals. As of May 31, 2014, $135,000 of these notes were included within the current portion of convertible promissory notes on the accompanying balance sheet as the note was due within one year of the balance sheet.