$190,000 is the second FAKE settlement from October 4, 2017. The $0.0014 is 50% off the lowest price of $0.0028 on October 18, 2017. This convertible strike point will likely go much lower increasing these conversion shares by 2 fold, perhaps...perhaps 3 fold as the perps are in a hurry now that they know that FINRA is on to them...
The OS on September 28, 2017 was 131,927,551.
OS of 59,942,551 (July 31) + 1st settlement conversion of 91,200,000 shares = 151,142,551 shares...that is approximately (let's call it exactly) what the OS is today (remember, TA is gagged). They dumped the last bits of the 1st settlement after the symbol change was approved by FINRA and then cancelled by FINRA.
Current OS of 151 million plus 2nd settlement of 141 million shares = 292 million OS.
1st settlement of $102,000 for Taiwan thieves (scam broker received $12,000 worth of shares) and 2nd settlement of $175,000 for Taiwan thieves (scam broker receives $15,000 worth of shares) = $277,000 for the Taiwan thieves.
They (Taiwan thieves) still have $210,000 more in debt to convert:
By this time the pps will be in trips and the $210,000 (left to convert) will explode the OS. The good news is that SRMX will not be able to raise the authorized as the entity (Saddle Ranch Media Inc) will remain expired. They also will not be able to reverse split as that, likewise, requires FINRA approval.
Then there's the 400,000,000 shares owed to the merger companies which still haven't merged and another 500,000,000 common shares for peabrain's 1,000,000 series B preferred convertible (1 P for 500 C) shares...
Add in another $598,600 in other old debt...
No debt, my ass.
It's all a moot point as the SEC will soon be shutting this shit down (suspended).
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