Replies to post #66516 on Saddle Ranch Media Inc (SRMX)

[kingpindg]

I’m no authority, I just read the court documents.

In answer to the question, according to the Settlement Agreement, the shares “may be resold by Livingston without restriction” except for the case where, “Any Remittance Amount disbursed (and the associated sales of Settlement Shares) executed to satisfy claims of Sellers who are deemed affiliates of the Company shall be made only after the proscribed holding period has lapsed.” Since Saddle Ranch is a non-SEC reporting company, the holding period would be twelve months.

There are three “Sellers” in this case: The Institute for Information Technology (claiming $96K), Ubroadtek Technology (claiming $158K), and TechWare Technology (claiming $163K). Of these, it is possible that TechWare could be considered an affiliate due to their Managing Partner, Zebra Chen, being named as a Vice President of TriCascade. Assuming TechWare is considered an affiliate, the holding period would be one year. I’m not sure, however, when the holding period is considered to start as I believe there are cases where the start of the holding period does not occur when shares are received but reverts back to the date that the debt was incurred.

So, IMO, best case would be shares sold in the near term to cover $254K plus a 10% finder’s fee to Corinthian Partners which, at current prices, would be around 930M shares.




.

[shigtynodigty]

I am pretty sure the SEC laws state there is a waiting period of 18 months. I could be wrong though.

[kgrealtor]

Where can you get these shares? I am registered with tri-cascade and only have gotten 1 email from them. They should have offered this to their shareholders??