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Hollywall Entertainment Inc. (HWAL)

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Hollywall Entertainment, Inc-- Incorporated in Nevada
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3%252fBSiCCrJZ4orlk7Ox95Ig%253d%253d&nt7=0

OTC page
http://www.otcmarkets.com/stock/HWAL/profile

New Transfer Agent --ACTION STOCK TRANSFER-- reports 
"It is our policy NOT to release share structure information to shareholders. Please contact the Company."


AUTHORIZED SHARES INCREASED FROM 210 MILLION TO 300 MILLION ON MARCH 22, 2017--NO DISCLOSURE TO SHAREHOLDERS
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=3%252fBSiCCrJZ4orlk7Ox95Ig%253d%253d&CorpName=HOLLYWALL+ENTERTAINMENT+INC.

Action Type: Amendment
Document Number: 20170123197-33
# of Pages: 1
File Date: 3/22/2017 Effective Date:

Previous Stock Value: Par Value Shares: 210,000,000
Value: $ 0.001 No Par Value Shares: 0
Total Authorized Capital: $ 210,000.00

New Stock Value: Par Value Shares: 300,000,000 Value: $ 0.001 No Par Value Shares: 0
Total Authorized Capital: $ 300,000.00

Management:

Company Officers/Contacts
Darnell Sutton President, CEO
James A. Miller CFO
Roxanna Green Secretary, COO
Company Directors
Darnell Sutton Chairman
Roxanna Green  
James A. Miller



Hollywall Entertainment, Inc. files Complaint against Blackbridge Capital LLC

NASHVILLE, Tenn., Nov. 1, 2016 /PRNewswire/ -- Hollywall Entertainment, Inc., (OTC Pink: HWAL), "Hollywall", files complaint against Blackbridge Capital LLC., "Blackbridge" in its ongoing efforts to rectify the recent volatility in the marketplace.

On August 23, 2016, Hollywall filed an Emergency Verified Complaint for Immediate Injunction and for Declaratory Judgment against Blackbridge with the Circuit Court of the Thirteenth Judicial Circuit in and for Hillsborough County, Florida, Civil Division.

On October 13, 2016, Hollywall was granted a temporary injunction involving Blackbridge to stop further improper conversions of the company's stock. The injunction was contingent upon Hollywall posting a cash deposit of $10,000 into the trust account of Blackbridge's attorney, as well as a bond for $29,100; which was set by the court as the market value of the pending 9,000,000 shares of Hollywall's stock requested by Blackbridge to be released. Hollywall had the understanding that by posting both bonds required for the injunction that this would negate Blackbridge from having the 9,000,000 shares released to them and for the balance of the note being paid in full, meaning no further conversions would be due under the note to Blackbridge.

On October 24, 2016, Hollywall filed an Amended Complaint for additional counts and damages. The amended complaint contains the original count for declaratory judgment, two counts of breach of contract, two counts of fraud and one count of violation of Chapter 517 of the Florida Statutes. Additionally, in the amended complaint Hollywall is suing Blackbridge for damages alleged for use of a 'default' rate of conversion of the alleged debt which is resulting in the exorbitant amount of shares being issued.

On October 26, 2016, an emergency motion to extend the temporary injunction was filed with the Circuit Court. Such motion was denied by the Court since the Court stated in its Order that if the allegations are proven, then Hollywall has a remedy at law, being that money damages can be a remedy to such matters.

On October 27, 2016, the temporary injunction expired and Blackbridge demanded the transfer agent for Hollywall to release the 9,000,000 shares of stock; and the transfer agent complied. On the same day Blackbridge was served the Amended Complaint for Declaratory Judgment and Damages and Summons in their New York Office.

On October 28, 2016, 9,000,000 shares of Hollywall's stock was sold into the market.

Hollywall's Florida litigation Counsel, Craig Huffman, stated regarding these recent events, "Currently I have four situations going on with other companies, including this, involving these type of Transfer Agent, (TA) letters from several funders. Hollywall is far from alone with this issue. Many companies have unwittingly entered into these types of egregious agreements with numerous funders across the country and they are creating significant unforeseen issues. These TA letters are a relatively new development in the industry. The problem is that these letters can be the basis for allegations of abuse by the funders. In this amended complaint we have alleged that the default rate of conversion is completely wrong and has no basis under the facts or agreements. Unfortunately the transfer agents take the view that they have no choice in the face of these TA letters. Hollywall's claims for damages in the amended complaint of course include all issuances we allege are wrongful and incorrect."

Hollywall intends to vigorously pursue and protect all shareholders interest and continues to build and expand its operations for future shareholder value.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

Contact:
info@hollywall.com
615-257-0780
Case no. 16-CA-7958

http://www.otcmarkets.com/stock/HWAL/news/Hollywall-Entertainment--Inc--files-Complaint-against-Blackbridge-Capital-LLC-?id=143742&b=y
# # #

NOTE: The Hollywall complaint also names it's own transfer agent --ClearTrust LLC-- as a co-defendant

The issue: The Blackbridge LLC investment originated as a $50,000 convertable debt obligation incurred on Nov 3, 2013 by HWAL officer/ director ROXANNA GREEN (aka ROXANNA WEBER) on behalf of her former "EMAX MEDIA" (EMXC:OB --since de-listed). This debt was later assumed by HWAL. Blackbridge alleges that the debt has been in default since June 29, 2016 and has since been demanding shares be issued to them as specified in the contract. HWAL now complains that Blackbridge has been demanding and receiving shares at deeply discounted prices thereby harming shareholders and retiring a minimal amount of debt. Though the amount of the debt is reportedly relatively small, Hollywall is apparently not allowed to simply pay it off with cash. The lower the stock falls, the more shares Blackbridge is allowed to convert in order to "true up" the debt owed them.

Summary of legal proceedings:

The original "emergency complaint" dated 8/23/16 was 52 pages long and rejected by the judge due to errors and omissions. A shorter amended complaint was quickly filed. However, it failed to stop Blackbridge LLC from converting a portion of debt owed them into 1 million shares priced at .0005 (which Hollywall alleges was well below the market value at the time) and which were purportedly sold into the market. In October 2016 Hollywall again petitioned the court for an emergency injunction to stop the issuance of another tranche of shares by ClearTrust to Blackbridge. Hollywall offered to post $29,000 in bonds and other assurances which caused the judge granted a 14 day injunction along with a directie that the parties resolve the issue of jurisdiction in the case (Florida vs New York or elsewhere). On October 29th, the day the 14 day injuction expired, Blackbridge demanded, was issued and immediately sold another tranche of 9 million shares at .0001 --well below the market value.  Hollywall pettioned the court once again in November without any intervention. As before, Blackbridge demanded, received and sold yet another tranche of 10 million shares priced at .0001.

MARCH 2017-- BLACKBRIDGE LLC HAS FILED A MOITION FOR DISMISSAL OF THE SUIT BY HOLLYWALL BASED ON "LACK OF JURISDICTION." HOLLYWALL HASN'T REPONDED. 

To view all court documents click here--> https://hover.hillsclerk.com/caseSearch.html then enter case# "16-CA-7958"  Click "View" then "Events/ Documents" There are 2 pages of filings. Click the "Image" icon (with the green check mark on it) to view actual documents.
# # #

NEW TRANSFER AGENT NAMED sometime before disclosure was filed for period ending 12/31/2016
Action Stock Transfer Corporation

2469 E. Fort Union Blvd., Suite 214
Salt Lake City, UT 84121
Telephone: (801) 274-1088
Fax: (801) 274-1099
http://www.actionstocktransfer.com/

T/A reports "It is our policy NOT to release share structure information to shareholders. Please contact the Company."
Current SS is unknown. OTC is reporting numbers based on the former T/A which HWAL is suing
HWAL disclosure reports "total outstanding shares as of 12/31/2016= 198,068,564

http://www.otcmarkets.com/financialReportViewer?symbol=HWAL&id=165700

As of Feb 8, 2017
HWAL DOWNGRADED--to "Limited Info"

http://www.otcmarkets.com/stock/HWAL/profile

 
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HWAL
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PostSubject
#6337  Sticky Note Hollywall has posted update letter to its shareholders fly123 02/17/17 03:31:39 PM
#4775  Sticky Note Please stick this post by member sportynoty on TONY55 01/22/17 04:34:40 PM
#4139  Sticky Note HUGE FIND ON FACEBOOK JUST POSTED BY HWAL BERKSHIRE AGENT 01/15/17 11:12:27 PM
#3929  Sticky Note Same 21 year old recycled Roxanna music scam---> Kool Aid Man 01/13/17 11:31:10 PM
#7328   Look for a "delay in filing" Q2... Kool Aid Man 03/28/17 05:37:09 PM
#7327   same if it doesn't go up after that ben1856 03/28/17 03:04:05 PM
#7326   Hollywall & Blackbridge are supposedly in court today. Kool Aid Man 03/28/17 02:33:46 PM
#7325   "woah why is it going down with all Kool Aid Man 03/28/17 02:06:35 PM
#7323   Im holding I want to see the 2q on-board 03/28/17 11:32:59 AM
#7322   hold and chill guys let's not make any ben1856 03/28/17 11:02:21 AM
#7321   I'm pissed off too -Let's face it -we gmoney909 03/28/17 10:31:47 AM
#7320   Im not sure but im getting pissed off on-board 03/28/17 10:03:09 AM
#7319   woah why is it going down with all ben1856 03/28/17 09:52:20 AM
#7318   "I talked to hwal all I can say Kool Aid Man 03/27/17 06:55:13 PM
#7317   I talked to hwal all I can say on-board 03/27/17 06:23:15 PM
#7316   Agree..if Bordercross was any good it would have Kool Aid Man 03/27/17 04:09:24 PM
#7315   Lol gmoney909 03/27/17 03:29:39 PM
#7314   I actually watch lifetime a lot.. just baja863 03/27/17 03:27:27 PM
#7313   Investor shares were just massively diluted on Wednesday. Kool Aid Man 03/27/17 02:18:57 PM
#7312   Have you ever watched a lifetime original movie gmoney909 03/27/17 12:46:00 PM
#7311   We're getting ready to break out again!! on-board 03/27/17 10:49:26 AM
#7310   Everybody knew that already...not a big deal Kool. papadedavid 03/27/17 06:25:24 AM
#7309   Big volume last Wednesday..that's the day Roxy & Kool Aid Man 03/27/17 12:17:48 AM
#7307   >>BREAKING NEWS<<--A/S INCREASED TO 300 MILLION!!!!! Kool Aid Man 03/27/17 12:12:01 AM
#7306   Not only that he's a well known actor. on-board 03/26/17 01:42:06 PM
#7305   yeah a low budget movie with Danny Trejo Clark Enterprise 03/26/17 01:27:20 PM
#7304   I agree!! Beano1969 03/26/17 06:59:32 AM
#7303   "Bordercross" has been "FREE" online for a month now??? Kool Aid Man 03/25/17 10:00:04 PM
#7302   To be honest -it's seems like a stupid gmoney909 03/25/17 09:55:27 PM
#7301   Here's what Lamas actually said--- Kool Aid Man 03/25/17 07:31:03 PM
#7300   Check Lorenzo Lamas twitter. On Jan 24th he kcdaddy 03/24/17 07:38:45 PM
#7299   Convertible notes due April will sink this POS... Kool Aid Man 03/24/17 03:53:37 PM
#7298   Dead cat bounce off .0027...trip zeros ahead Kool Aid Man 03/24/17 03:40:44 PM
#7297   No movie trailer, just photos. Seems odd. Beano1969 03/24/17 02:26:42 PM
#7296   A movie that must come out 2 years rudyboy 03/24/17 01:40:29 PM
#7295   good for you, but i don't, never do rudyboy 03/24/17 01:29:33 PM
#7294   Probably...but I think the fat lady hasn't sung papadedavid 03/24/17 01:28:20 PM
#7293   lol, some pumpers the last 2-3 weeks talked rudyboy 03/24/17 01:23:25 PM
#7292   Lot of vol???...I was talking of 100 MM papadedavid 03/24/17 01:22:10 PM
#7291   lol, we had a lot off vol this rudyboy 03/24/17 01:19:54 PM
#7290   Yep...that's the key here...if we get volume this papadedavid 03/24/17 12:09:52 PM
#7289   Interesting, a Micro sub o/s penny about to Obi_Trend_Kenobi 03/24/17 11:55:02 AM
#7288   Nottin, I completely agree with you. Keep the Clark Enterprise 03/24/17 07:27:58 AM
#7287   This is wats putting HWAL in dollar range Nottin stopin this 03/24/17 02:59:13 AM
#7286   Hollywall Entertainment, Inc. Moves Forward with Purchase of Nottin stopin this 03/24/17 02:58:20 AM
#7285   Aid 14:21 there were 2 slaps 213,000 & Nottin stopin this 03/24/17 02:53:42 AM
#7284   Take a minute and go look at there on-board 03/23/17 09:49:35 PM
#7283   Its never really had volume. If it baja863 03/23/17 09:38:45 PM
#7282   Look at the charts 1.4 million volume brought on-board 03/23/17 08:14:49 PM
#7281   Hollywall & Blackbridge--back in court Tuesday 28th Kool Aid Man 03/23/17 06:55:17 PM
#7280   Wrong...10K slap at .0037 at 3:53pm today...not "400,000." Kool Aid Man 03/23/17 06:24:47 PM
#7279   Aid ur facts suc. 400,000 slapped last hr. Nottin stopin this 03/23/17 05:06:22 PM
#7277   Volume--1,450,100...1/3rd of 30 day average.... Kool Aid Man 03/23/17 04:44:49 PM
#7276   Action today was great. Be nice to close Thrashing21 03/23/17 04:43:22 PM
PostSubject