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Hollywall Entertainment Inc. (HWAL)

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Last Post: 3/30/2017 12:01:27 PM - Followers: 146 - Board type: Free - Posts Today: 5


Hollywall Entertainment, Inc-- Incorporated in Nevada

OTC page

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


Action Type: Stock Split
Document Number: 20170128535-34
# of Pages: 1
File Date: 3/27/2017
(No notes for this action)


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


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
# # #

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
#7369   At least were in the green all day on-board 03/30/17 12:01:27 PM
#7368   Come on HWAL give us something! This is Thrashing21 03/30/17 09:22:34 AM
#7367   Kool Aid, what could Hwal do for you kcdaddy 03/30/17 07:18:19 AM
#7366   According to ASG letter to shareholders, their shares kcdaddy 03/30/17 07:09:57 AM
#7365   Agreed 100%...fingers crossed. papadedavid 03/30/17 04:00:05 AM
#7364   "ADX lines" fail to realize the A/S was Kool Aid Man 03/29/17 11:48:35 PM
#7363   ADX lines are set in the chart for kcdaddy 03/29/17 10:29:00 PM
#7362   this board is turning to trash i'm going ben1856 03/29/17 05:49:00 PM
#7361   Virtually everything I post is verifiable by anyone... Kool Aid Man 03/29/17 04:34:02 PM
#7360   It all equals out... Kool Aid Man 03/29/17 04:17:45 PM
#7359   Sure seems true to me... Kool Aid Man 03/29/17 03:56:51 PM
#7358   I don't think he is a paid basher. kcdaddy 03/29/17 03:49:35 PM
#7357   His information is less than creditable on-board 03/29/17 03:44:23 PM
#7356   Click on kool aid post that says stock split kcdaddy 03/29/17 03:37:58 PM
#7355   I already posted the link today from the Kool Aid Man 03/29/17 03:37:07 PM
#7354   Where is the information at I can't find it on-board 03/29/17 03:34:25 PM
#7353   Blackbirds must be dumping as many shares as kcdaddy 03/29/17 03:25:25 PM
#7352   Where is the information for the f\s Kool on-board 03/29/17 03:22:20 PM
#7351   That's not true: papadedavid 03/29/17 03:12:25 PM
#7350   So are you saying the company is doing papadedavid 03/29/17 03:03:48 PM
#7349   Blackbridge still claims Florida has no jurisdiction... Kool Aid Man 03/29/17 02:59:55 PM
#7345   Well Kool, if the judge says Balckbridge sold papadedavid 03/29/17 02:09:50 PM
#7344   IMO this split could be to fight Blackbridge... Kool Aid Man 03/29/17 02:06:07 PM
#7343   Also, if they are trying an arrangement with papadedavid 03/29/17 02:00:01 PM
#7342   Well...we'll have to wait I'm afraid. papadedavid 03/29/17 01:52:12 PM
#7341   Let's say it's a forward split.. Kool Aid Man 03/29/17 01:50:04 PM
#7340   Thank you for those .0022s Daniel_777 03/29/17 01:41:06 PM
#7339   I bet is a forward split imho...makes no papadedavid 03/29/17 01:40:57 PM
#7338   The ask is lower than yesterday's close--"0" Volume. Kool Aid Man 03/29/17 12:48:46 PM
#7337   HWAL STOCK SPLIT-->> Kool Aid Man 03/29/17 12:43:08 PM
#7336   Nobody wants to hear about this stupid movie gmoney909 03/29/17 12:34:41 PM
#7335   y'all are a bunch of babies stocks go ben1856 03/29/17 12:09:35 PM
#7334   HWAL .......Rest in peace gmoney909 03/29/17 11:10:26 AM
#7333   Because nobody wants my shares at 28.... in rudyboy 03/29/17 10:55:41 AM
#7332   then why are you here? Clark Enterprise 03/29/17 10:53:19 AM
#7331   No its not a joke, it is what rudyboy 03/29/17 10:48:10 AM
#7330   I'm in 0,0036 and hold patient. I think Cyborg_estadistica 03/29/17 06:27:31 AM
#7329   Sutton Scholars..."Breaking News"??..gimme a break. Kool Aid Man 03/28/17 06:08:42 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