Replies to post #10299 on Total Sports Media Inc. (fka TSMI)

[DryLightning]

Well I don't think issued is AS. Issued and Outstanding are both part of the OS. But yes Asher"only" has 18mm, wildcard is how much more will they dilute, I think they are still owed over $100k. I think lux thought, let asher sell what they can then they will get crushed when we take 90 and 10 each.

I mean look at the words they use to describe the current shareholders portion:

"that time bear the dilution of the unaffiliated float"

[onemessageonly]

No. Again, that was the term sheet(LOI). Simply put, if the outstanding were to be 300 million, the share price would be roughly .05 per share(minimal market cap as stated. That is the "perceived value. the last quarterly gave you the net present value of roughly the same price per the "one time" divi, given to prior management/partners.

You can use any figure relating to outstanding to get some basis, but the reality is that all that is needed currently is an updated 8-k showing Radioloyalty's financials.

Whether they issue 10,20,30 million shares or more(or less) to Radioloyalty, it just doesn't matter. The 90% was an approximate number. At the time of such statement, the new CEO held almost 61%. He can do what ever the "F" he wants to do..eh? He/they can do a share consolidation, return shares to treasury and cancel such. Transfer shares to gravitz..etc from Hills holdings,use remaining shares from past S-8.

"As a result of the parties desire to complete a transaction, the Company’s majority shareholders and Michael Hill agreed that the transaction could be executed with certain contingencies provided for. The primary contingencies are as follows:

1. Michael Hill would contribute certain assets of RL, namely the Watchthis TM software and related business, to the Company as of May 16, 2012.

2. Michael Hill would ensure that the reverse acquisition between the Company and RL will proceed by October 1, 2012.

3. The former majority shareholders of the Company would receive shares in a new class of stock, a Series A Preferred Stock, which would be convertible into 10% of the Company’s common stock at the holder’s discretion."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8727168

KEEP IT SIMPLE