Replies to post #44185 on Saddle Ranch Media Inc (SRMX)

[BeeDoubleU]

This is my very same question, why Pea using a the worst toxic financing 3(a)10??? He can get toxic financing with 50% discount ( 5-10 days lowest price) , instead previous agreement has a 50% discount for 20 days lowest price which I believe ended up .00035 conversion price, that time of conversion was the peak of a run. Another conversion price of .001 when in fact pps trading at .005-006..
private placement I believe has a 1 year restrictions for non Sec filers..

[TheLastOneSitting]

Excellent post, I couldn’t agree more. There is no excuse for 3(A)(10) financing through Northbridge. They are the worst of the worst terms for toxic financing. If Max or Peabody had any concern for shareholders they would seek better options for funding, toxic or private.

[onciomg]

Thanks for responding

[Dr Martin VanNostrand]

well said.

[KeepItRealistic]

“SRMX may have a lot of new expenses to work through before they have a marketable self sustaining product.”

Has anything new shown up ?

Or was this invoice the last one ?

[KeepItRealistic]

“So far nothing has changed since Max Li became the CEO. They have already entered into a 6th 3(a)10 transaction since he became the CEO. “

Something has changed

No more 3(a)10’s is a huge change.

[Homebrew]

Crap Ticker exposed months ago. No suprise it's tanked.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138058996

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139967202

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142019598

Etc, etc....

[breynolds]

Kaboom

[CrazyKar123]

Old News Please Remove!!!

[JHeard]

Agreed. "Nothing" is difficult for some to comprehend.

Example: Banks fully fund Uber & Lyft. Chase won a furious battle to underwrite the IPO.

Rodeo Clown or what ever this is called, is so fake the SEC will not let them change the "ticker". No bank will fund it.

It is what it is.

I love the way it moves....so I am on it.

[MIKEY501]

Wow great post NoDummy!

So far nothing has changed since Max Li became the CEO. They have already entered into a 6th 3(a)10 transaction since he became the CEO. Plus don't forget the fact that Peabody is the Chairman; so he is Max Li's boss.

My biggest issue with SRMX is that if the technology is really that great and the prospects for the future really that bright then the company should have had no trouble finding private investors to help finance the operations. That didn't happen though. Instead Peabody & Co went with the most toxic financing imaginable causing nearly 1 billion shares of dilution over the past 6 months and the dilution is far from over.

If it wasn't for Peabody way over blowing SRMX's relationship with AT&T leading to lots of retail interest in the stock, SRMX would be trading in the triple zeroes right now.

In my opinion, there is no foreseeable end to the toxic debt/dilution situation here. SRMX is still working through the developmental stages of their business idea. SRMX may have a lot of new expenses to work through before they have a marketable self sustaining product. It is obvious by the six 3(a)10 transactions so far, that Peabody & Co plan on continuing to pay for business expenses using the very toxic 3(a)10 financing.

There is no guarantee that SRMX will ever have a marketable product capable of creating a cash positive balance sheet. Unless that happens, retail shareholders will continue to fight an uphill battle against an endless flow of dilution.

The fact that SRMX has been unable to get FINRA to approve a name/symbol change after all these months tells me that the debt/dilution situation isn't the only serious thing wrong with SRMX.

Until SRMX can get its crap together and turn into a respectable business and not just an endless flow of dilution, people are probably best treating SRMX like most other penny stocks = as a day trade and not an investment. I mean if nobody else is willing to invest in the SRMX idea besides toxic lenders then why should retail be any different?