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Carolco Pictures Inc. (CRCO)

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Last Post: 2/22/2017 12:02:24 PM - Followers: 75 - Board type: Free - Posts Today: 2

1:10,000 RS Coming

(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
#6382  Sticky Note CRCO 1:10,000 RS BigJuan 12/28/16 10:20:43 PM
#5472  Sticky Note NEW TRADEMARK MADDSTACKER 11/09/16 07:29:46 PM
#6485   Big old reverse split coming tomorrow LeGoose 02/22/17 12:02:24 PM
#6484   Its wednesday mrets123 02/22/17 11:55:45 AM
#6483   3 weeks overdue. Waiting to see what happens too. TheSummerMan 02/21/17 03:13:19 PM
#6482   Waiting profoster 02/21/17 02:15:13 PM
#6481   Lol StaleyCornell 02/17/17 04:41:38 PM
#6480   Come on make a movie already. Richard4000 02/17/17 04:20:01 PM
#6479   Watching and waiting profoster 02/17/17 09:11:55 AM
#6477   17 days by my count. TheSummerMan 02/16/17 03:11:05 PM
#6476   Wouldn't that be nice. profoster 02/16/17 02:58:51 PM
#6474   Looks like we have a sleeper here StaleyCornell 02/16/17 11:04:54 AM
#6473   MORE THAN 45 DAYS WENT BY SINCE THE ORCA 02/16/17 09:11:32 AM
#6472   I will buy this only if the company Chingga 02/16/17 06:49:09 AM
#6470   Haven't heard from company yet. Maybe they don't StaleyCornell 02/15/17 11:45:57 AM
#6469   <<<” Our Board retains the authority to abandon ORCA 02/15/17 11:30:40 AM
#6468   I CAN NOT FIND R/S ANYWHERE I LOOK.FOR ORCA 02/15/17 11:27:41 AM
#6467   Watching some bids build at .0002. Another day profoster 02/15/17 11:24:58 AM
#6466   I never sold after the r/s announcement. I TheSummerMan 02/15/17 05:16:10 AM
#6465   Exactly. with a share structure like this, the StaleyCornell 02/14/17 05:27:50 PM
#6464   YOU REALIZE THE BUYING HAS BEEN IN A ORCA 02/14/17 05:19:33 PM
#6463   I think it will be hard to get StaleyCornell 02/14/17 05:17:36 PM
#6462   I WAS ON THE BIDS TODAY.I GOT NOTHING.AS ORCA 02/14/17 05:14:24 PM
#6461   Thats exactly what I am thinking. I will StaleyCornell 02/14/17 05:05:20 PM
#6459   It was a complete shocker to announce it StaleyCornell 02/14/17 04:58:23 PM
#6458   A lot of shareholders were upset about the profoster 02/14/17 04:50:49 PM
#6457   Wait I did find this...looks like we only StaleyCornell 02/14/17 04:44:53 PM
#6456   I dont think there is a time limit StaleyCornell 02/14/17 04:35:04 PM
#6455   Yeah I wonder. profoster 02/14/17 04:21:36 PM
#6454   Makes me wish/wonder if I should have loaded .0002s StaleyCornell 02/14/17 04:19:00 PM
#6453   Starting to think that it doesn't. profoster 02/14/17 04:16:07 PM
#6452   Wondering the same thing. I've never seen StaleyCornell 02/11/17 10:38:40 PM
#6451   Wheres that rs at? Weird why the wait? mrets123 02/11/17 08:44:32 PM
#6450   Im surprised this hasnt RS'd yet. And people StaleyCornell 02/09/17 05:27:51 PM
#6449   Reverse Split then it will go back to farmer_john 02/08/17 11:25:16 PM
#6448   I need some luck Richard4000 02/08/17 02:48:56 PM
#6447   Im expecting some kind of news to drop mrets123 02/07/17 12:32:36 PM
#6446   Since the AS is being reduced I may StaleyCornell 02/01/17 03:14:25 PM
#6445   According to the paperwork I received it was mr4444 02/01/17 02:58:39 PM
#6444   What do you think happened? I thought sometime clymbrox 02/01/17 02:53:28 PM
#6443   New AS will be reduced from 5,000,000,000 to 300,000,000 baz124 02/01/17 12:36:20 PM
#6442   So much for this stock. Another bust. Richard4000 01/30/17 03:40:09 PM
#6441   Jan. 30 mr4444 01/27/17 03:00:59 PM
#6440   I think by the end of this month StaleyCornell 01/27/17 11:49:30 AM
#6439   Yeah, anyone know? clymbrox 01/27/17 11:24:51 AM
#6438   So when does the reverse split take effect Richard4000 01/26/17 04:48:50 PM
#6437   QUICK POP UP TODAY THEN DIP. BUYS TheSerb 01/25/17 09:26:14 AM
#6436   That's because he said F this pos... just 06goat 01/19/17 11:16:25 PM