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Carolco Pictures Inc. (CRCO)

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Last Post: 10/24/2016 3:27:52 PM - Followers: 70 - Board type: Free - Posts Today: 4


(Ticker Symbol: CRCO)


High Five Entertainment:

BrickTopProductions / Recall Studios:




On June 22, 2016, Carolco Pictures, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “SPA”) by and between the Company, Tarek Kirschen, the Chief Executive Officer of the Company and South Centre, Inc. (“South Centre”).

In the Release Agreement, the Company also agreed to issue to Mr. Kirschen 5,000,000 shares of Series A Stock, and 1,000,000 shares of newly designated Series B Preferred Stock of the Company, par value $0.0001 per share (the “Series B Stock”), and Mr. Kirschen agreed to forgive $438,767.35 that was owed by the Company to Mr. Kirschen (the “Debt”). See Item 5.03 below for a description of the Series A and Series B Preferred Stock.

On July 20, 2016, Carolco Pictures, Inc. (the “Company”) entered into that certain Amendment to Promissory Notes (“Notes Amendment”) with Alexander Bafer, whereby the maturity date of each of our five loans from Mr. Bafer was amended to be August 1, 2017 instead of October 1, 2015. The five loans are represented by Replacement Convertible Promissory Notes (“Notes”). Pursuant to the terms of the Notes Amendment, Mr. Bafer waived any default under each of the Notes through the date of the Notes Amendment as a result of any amounts payable under the Notes not being paid as of October 1, 2015 and waived the payment of any Default Interest (as defined in the Notes) through the date of the Notes Amendment as a result of such failure of payment. No other terms of the loans changed, and we did not pay any consideration for the extension. Our outstanding balance on the loans under the Notes as of July 20, 2016 was approximately $468,662.

On July 25, 2016, pursuant to the Contribution Agreement, the Company issued 1,990,000 shares of Series A Stock and 25,256,250 shares of Series C Stock to the Recall Shareholders in exchange for the contribution to the Company by the Recall Shareholders (collectively) of 25,256,250 shares of common stock of Recall, and 748,334 shares of Class A Preferred Stock of Recall, collectively constituting 100% of the issued and outstanding capital stock of Recall.

Mr. Bafer is our Chief Development Officer, a Director and Chairman of the Board of Directors of the Company. Mr. Bafer is a seasoned executive and established entrepreneur, having generated tens of millions of dollars in revenue for companies during his career. Mr. Bafer has successfully led the organization and development of numerous startup companies, and achieved many successful exits. The Company is the latest success story for Mr. Bafer. During the 5 years under his direction, the Company (formerly known as Brick Top Productions) went public, acquired an Emmy award-winning production company that was generating substantial revenue, and acquired the rights to the name and service mark of “Carolco Pictures”, which belonged to a now defunct but famous Academy Award winning studio behind blockbuster films Terminator 2 & 3, The Rambo Series, Total Recall, and Basic Instinct, just to name a few of the 36 films produced by the famous studio that earned it 16 Academy Award nominations and 6 Academy Award wins. Mr. Bafer’s vision was to rebrand the Company as the new “Carolco Pictures” and reunite the powerhouse name with the famous studio’s original founder and CEO, Mario Kassar. Mr. Bafer was successful, bringing Mr. Kassar on board as the Company’s Chief Development Executive and also as Chairman of the Board from February 2015 through January 2016. This ultimately resulted in the October 2015 sale of Mr. Bafer’s majority interest of the Company for a significant multiple. Given the successes yet to come, Mr. Bafer could not stay away from the Company for long. When new management of the Company asked him to come back to assist in leading the Company back to prominence, Mr. Bafer agreed. Prior to his work with the Company, Mr. Bafer was an equity partner with Guaranteed Mortgage Bankers, where he was responsible for managing and training 75 sales agents throughout 6 multi state offices. During his 4-year tenure at Guaranteed Mortgage, before selling his equity interest, his efforts resulted in a cumulative revenue increase for the company of more than 300%. Mr. Bafer’s business management and financial acumen were apparent even early on in his career and have permeated throughout it ever since. After graduating in the top 4% of his St. John’s University class, Mr. Bafer moved on to help manage a $500 million portfolio at Merrill Lynch in New York City. He then assumed a position as senior account executive with Preferred Securities Group in Boca Raton, Florida, where he was quickly promoted to President and Managing Director responsible for overseeing the firm’s three trading offices, 50 registered representatives and numerous support personnel. From there he accepted an equity position as a fund manager where he was involved in all aspects of building, organizing and managing a hedge fund. Throughout his career, Mr. Bafer has been involved with Investment Management of America, a venture capital firm and incubator, where he has been instrumental in raising capital for numerous prominent start-up ventures. Mr. Bafer has proven to be a successful asset to the management and support teams of several startups and continues to utilize his successes and proven experience in business development to assist others in organizing and developing their business’s from any stage, whether it be a startup or a developed company in need of capital, expansion, guidance or ultimately an exit.

CRCO Security Details
Share Structure:

Authorized Shares 5,000,000,000 a/o July 25th, 2016
Outstanding Shares 396,538,000 a/o July 25th, 2016

Float 198,650,086 a/o Apr 8, 2016
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
#4302  Sticky Note HOTEL OF HORROR video links current pr !!! MADDSTACKER 10/13/16 05:00:22 PM
#4245  Sticky Note Debt to Kirschen is gone & other loans reworked: BigJuan 09/30/16 03:58:25 PM
#4425   Yes this is a load and hold for BigJuan 10/24/16 03:27:52 PM
#4424   I guess I'm impatient people can't wait I MADDSTACKER 10/24/16 02:09:48 PM
#4423   A lot in that last PR......"feature films" and BigJuan 10/24/16 09:30:24 AM
#4422   Let's get this baby moving this week ... MADDSTACKER 10/24/16 09:08:41 AM
#4421   its the OTC, they don't IN The Mouth Of Madness 10/22/16 12:30:36 AM
#4420   back to sleep IN The Mouth Of Madness 10/22/16 12:28:36 AM
#4419   At these levels if you are serious about mr4444 10/21/16 05:10:04 PM
#4418   Going to BA a chase to .0010 IMHO MADDSTACKER 10/21/16 12:51:46 PM
#4417   Yes Recall Studios was just merged in as BigJuan 10/21/16 11:59:15 AM
#4416   Recall studios is our subsidiary ....big Juan got MADDSTACKER 10/21/16 11:28:18 AM
#4415   Dose Carolco own recall and high five? Hey-WTH 10/21/16 11:00:11 AM
#4414   Looks ready to go. .lets get some slaps .... MADDSTACKER 10/21/16 10:47:09 AM
#4413   Nice bid support !!! MADDSTACKER 10/21/16 09:39:06 AM
#4412   Agreed !! MADDSTACKER 10/20/16 09:12:23 AM
#4411   LOL, yes I would love to see CRCO BigJuan 10/20/16 08:48:19 AM
#4410   Well not really this stock traded in the BigJuan 10/20/16 08:44:30 AM
#4409   VR Christmas 2016.. drop mic no brainer! $CRCO MrCheap 10/19/16 09:00:15 PM
#4408   Definitely need CEO to talk , but that's MADDSTACKER 10/19/16 08:42:14 PM
#4407   Mario Kassar was a BIG BUST! If this mr4444 10/19/16 08:20:49 PM
#4406   it appears to me that there is still mr4444 10/19/16 08:11:04 PM
#4405   Well it traded between .004 and .008 last mr4444 10/19/16 08:06:04 PM
#4404   Just need update boom .shes alive !! MADDSTACKER 10/19/16 07:10:23 PM
#4403   L2 looking solid and so ready for a BigJuan 10/19/16 04:05:23 PM
#4402   TICK TOCK BROTHER MrCheap 10/19/16 03:47:34 PM
#4401   ~7.5 milly on CRCO OOO4 ask... Helter Skelter 10/19/16 03:37:43 PM
#4400   CDEL bidding 15 million, $4,500... Helter Skelter 10/19/16 03:18:02 PM
#4399   19 milly on CRCO OOO3 bid and lafc Helter Skelter 10/19/16 03:16:22 PM
#4398   Officers hold a big chunk of the OS. BigJuan 10/19/16 02:30:54 PM
#4397   Company Overview Helter Skelter 10/19/16 01:47:50 PM
#4396   The market cap is only 165,000 k For MADDSTACKER 10/19/16 01:13:19 PM
#4395   MADD, What price do you think it should mr4444 10/19/16 01:01:13 PM
#4394   VR gonna be huge this x-mas this a MrCheap 10/19/16 12:39:26 PM
#4393   Seems legit a hold little tiny. Hey-WTH 10/19/16 12:29:28 PM
#4392   Oh man ... Might buy more ...damn respectfully MADDSTACKER 10/19/16 12:28:01 PM
#4391   CRCO in 360! Helter Skelter 10/19/16 12:26:18 PM
#4390   Amazing it's this price , they need to MADDSTACKER 10/19/16 12:21:13 PM
#4389   Carolco Pictures High Five Entertainment Wins Fourth Emmy Award Helter Skelter 10/19/16 12:14:55 PM
#4388   What she think .? MADDSTACKER 10/19/16 12:13:33 PM
#4387   Girlfriend plays "360 Degrees Of Hell" Helter Skelter 10/19/16 12:13:01 PM
#4386   Chomped another milly, ready for this baby to MrCheap 10/19/16 11:27:39 AM
#4385   Well said holding 15 m MADDSTACKER 10/19/16 10:58:41 AM
#4384   Actually if you notice original CEO Alex Bafer BigJuan 10/19/16 10:42:42 AM
#4383   I hear ya ... Gltu MADDSTACKER 10/19/16 07:28:47 AM
#4382   I am waiting to find out if anything mr4444 10/18/16 10:57:54 PM
#4381   Got that right thin for trip play! Gidde up MrCheap 10/18/16 08:12:39 PM
#4380   Let's go guys 1 or 2 positions left ... MADDSTACKER 10/18/16 08:07:39 PM
#4379   Very true. #0 mil shares sounds intimidating but mr4444 10/18/16 12:05:49 PM
#4378   Mmj stock got all the attention right now MADDSTACKER 10/18/16 11:57:53 AM
#4377   Tick Tock we gonna rock $CRCO MrCheap 10/18/16 11:34:51 AM
#4376   63,000 on the bid and 30 million on 06goat 10/18/16 11:29:06 AM