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Hollywall Entertainment Inc. (HWAL)

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Last Post: 2/19/2017 12:30:35 PM - Followers: 142 - Board type: Free - Posts Today: 7


Hollywall Entertainment, Inc-- Incorporated in Nevada

OTC page

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


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.

Case no. 16-CA-7958
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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.

To view all court documents click here--> 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

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

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

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Current Price
Bid Ask Day's Range
#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
#3929  Sticky Note Same 21 year old recycled Roxanna music scam---> Kool Aid Man 01/13/17 11:31:10 PM
#6396 then just click on-board 02/19/17 12:30:35 PM
#6395   Link for the shareholder letter? Thanks CMIH 02/19/17 12:24:57 PM
#6394   Oh.... well this will get there ventually imho MoneyNeverSleeps 02/19/17 12:05:29 PM
#6393   I was thinking 80c plus on-board 02/19/17 12:02:40 PM
#6392   $0.10 by the Summer you mean? MoneyNeverSleeps 02/19/17 11:59:01 AM
#6390   There will be no news... . rudyboy 02/19/17 03:58:26 AM
#6387   am I wrong though? lol Clark Enterprise 02/18/17 08:28:15 PM
#6386   Lmao mikeski74 02/18/17 08:04:41 PM
#6385   again, rose 50% in one month after you Clark Enterprise 02/18/17 07:34:24 PM
#6384   $HWAL can't wait for the big moves Adub_swager 02/18/17 07:34:07 PM
#6383   $HWAL I Can't wait for Tuesday! Everyone will mikeski74 02/18/17 07:13:11 PM
#6382   HWAL HASNT EVEN RUN YET!! TAKE OFF!!!! BrandonZelfer 02/18/17 06:59:16 PM
#6381   HWAL ISNT IT BEAUTIFUL TO SEE ALL THESE mikeski74 02/18/17 06:48:17 PM
#6380   FAIL HWAL 2 CENTS BY CLOSE TOMORROW. MARK THIS Kool Aid Man 02/18/17 06:32:43 PM
#6379   HWAL IS A DREAM THER IS NO DENYING TradingGems 02/18/17 05:36:48 PM
#6378   Yes I think so we're going into the on-board 02/18/17 02:38:25 PM
#6377   $HWAL GOING TO HAVE A GOOD WEEK!!! so BrandonZelfer 02/18/17 02:23:03 PM
#6376   Looking forward to this week and getting an Seaheck 02/18/17 01:26:40 PM
#6375   Lock em in anyway!!!! Nottin stopin this 02/18/17 01:05:03 PM
#6374   If you have a cash account, you don't blackshirej 02/18/17 12:56:33 PM
#6373   Well I'm assuming the market is closed Monday mikeski74 02/18/17 11:44:48 AM
#6372   AGREED! $HWAL's future is bright and we shouldn't MoneyNeverSleeps 02/18/17 11:32:40 AM
#6371   I think all the long term shareholders should Law of Averages 02/18/17 11:10:11 AM
#6370   Hollywall has a bright future for being a Clark Enterprise 02/18/17 10:31:19 AM
#6369   If people miss out on Tuesday. They will Law of Averages 02/18/17 10:25:02 AM
#6368   Hollywall Corporate Audit Hollywall has engaged one of the Nottin stopin this 02/18/17 09:33:18 AM
#6367   HWAL is getting the recognition it deserves. This Nottin stopin this 02/18/17 09:26:09 AM
#6366   HWAL could easily do another CNAB .001 to Law of Averages 02/18/17 09:00:29 AM
#6365   Hi Blackshirej At this prices. We may have! Hoping was maronti1 02/18/17 07:12:15 AM
#6364   Yes. And there exposure as well as revenue on-board 02/18/17 02:29:35 AM
#6363   What's Tuesday? And yeah I can't wait for on-board 02/18/17 02:27:19 AM
#6362   Did anyone else read the shareholders update letter. Law of Averages 02/18/17 12:56:32 AM
#6361   Can't wait for Tuesday!!! $HWAL boom is coming mikeski74 02/18/17 12:29:52 AM
#6360   Hey maronti, good to see you here! Hoping blackshirej 02/17/17 10:25:05 PM
#6359   you too friend, don't let these negative people Clark Enterprise 02/17/17 08:45:54 PM
#6358   Great thanks..hoping, lots of work in progress Should bring.revnues for maronti1 02/17/17 08:45:07 PM
#6357   maronti1, sorry friend, I don't have level 2 Clark Enterprise 02/17/17 08:37:31 PM
#6356   you also didn't explain your post on hollywall Clark Enterprise 02/17/17 08:33:19 PM
#6355   I will come at you "dude" again your Clark Enterprise 02/17/17 08:29:30 PM
#6354 Nice letter!! aaa839 02/17/17 08:13:51 PM
#6353   You just proved my point.. Kool Aid Man 02/17/17 08:06:37 PM
#6352   we need to start posting on other boards ben1856 02/17/17 05:20:14 PM
#6351   they have accomplished more than one thing actually. Clark Enterprise 02/17/17 05:08:25 PM
#6350   What did you think of the letter on-board 02/17/17 04:46:41 PM
#6349   thats great Clark Enterprise 02/17/17 04:45:03 PM
#6348   Lol she had some issues but the PR on-board 02/17/17 04:44:32 PM
#6347   $HWAL is going to be a well spoken KABOOM_TIME 02/17/17 04:43:06 PM
#6346   How come they can't accomplish ONE THING??? Kool Aid Man 02/17/17 04:42:54 PM
#6345   yea cash me outside kool aid man Clark Enterprise 02/17/17 04:37:26 PM
#6344   yo I'm not gonna take your crap anymore. Clark Enterprise 02/17/17 04:36:40 PM