Replies to post #21555 on Total Sports Media Inc. (fka TSMI)

[PhantomRecce]

Dry:

My read on that is the shares have to be preserved out of the current AS that have not yet been Issued as Outstanding Shares. It does not state that StreamTrack has to increase the AS or perform a Reverse Split. I would think they would have to state that directly. But, I admit, I could be wrong on that. I don't know what the law allows in this area.

DryLightning Monday, 10/20/14 06:47:26 AM
Re: PhantomRecce post# 21545
Post # of 21618

The 8k with redwood states:

"The COMPANY covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock solely a sufficient number of it’s shares for the purpose of issuance upon conversion of this Agreement."

http://www.sec.gov/Archives/edgar/data/1442376/000147793214002851/sttk_ex102.htm