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Independence Energy Corp (IDNG)

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Last Post: 8/30/2015 3:01:30 AM - Followers: 184 - Board type: Free - Posts Today: 1

 





IDNG changing name to RedHawk Holdings Corp.
       The Company believes the new name will better reflect the future direction of the business. The Company also said its
                      health care business unit will operate as a fully-owned subsidiary of RedHawk under the name Independence Health Corp., LLC.


******New Website******

www.redhawkholdingscorp.com



 

A/S: 450 Million - per state of Nevada active status
O/S: 360,094,082 Million - as of 7/2/15

Insiders Own 60%+ = Over 200 Million Shares
                                                                                              The company authorized up to 5,000 shares of preferred stock with a par value of $1,000.00 per share


IDNG HAS ZERO CONVERTIBLE DEBT


Recent news
 

INDEPENDENCE CONTINUES RESTRUCTURING
                                                                          

INDEPENDENCE CONTINUES RESTRUCTURING THROUGH JUNE 30, 2015 TRANSITION PERIOD

 Youngsville, Louisiana (OTC: IDNG) – Independence Energy Corp. (“Independence”) announced today a net loss of $105,614, or $0.00 per diluted share, for the five month period ended June 30, 2015. The results for the five month period included a $28,860 non-cash charge related to the amortization of certain intangible assets acquired in March 2014. For the comparable five month period ended June 30, 2014, Independence reported a net loss from continuing operations of $142,370 and a net loss of $290,553, or $0.00 per diluted share.

**The Company said that on or about August 24, 2015, it expects to file with the Secretary of State for the State of Nevada the shareholder approved Amended and Restated Articles of Incorporation that, among other things, officially changes its name to RedHawk Holdings Corp. (“RedHawk”). The Company said that it will initiate trading under the symbol “HAWC” once it has completed the filing of the Amended and Restated Articles of Incorporation.

Commenting on the transition period results, Daniel J. Schreiber, Independence’s Chief Executive Officer, said, “During the five month transition period ended June 30, 2015, we continued to focus on reducing operating expenses, reviewing prior business activities, completing the disposition of our oil and gas properties, preparing for the recapitalization of our balance sheet and re-directing the future business activities of RedHawk.”

“Independence is in advanced talks to complete the acquisition targets previously announced” Schreiber continued. “These acquisition targets are focused on expanding the RedHawk Land & Hospitality LLC business unit through the acquisition of commercial property located in Lafayette, Louisiana and an ownership interest in the iconic Naniloa Hilo Resort located in Hilo, Hawaii.  The Company hopes to complete the purchase of the Lafayette property during the quarter ended September 30, 2015, and the Hilo interest during the quarter ended December 31, 2015. Because some of these targeted acquisitions under consideration may impact future operations of our health care business unit, we have deferred, at this time, the decision to internally expand our marketing distribution network for the sale of our digital non-contact thermometers.”

Completion of the acquisitions are contingent upon, among other things, satisfactory completion of due diligence, the negotiation and execution of definitive purchase agreements, completion of satisfactory appraisals, and the approval of the transactions by disinterested members of Independence’s Board of Directors.

Redhawk Land & Hospitality to Acquire Investment in Hawaiian Resort

 
YOUNGSVILLE, LA / ACCESSWIRE / August 4, 2015 / Independence Energy Corp. (IDNGannounced today that its wholly-owned real estate subsidiary, RedHawk Land & Hospitality, LLC, ("RedHawk") is in advanced discussions to acquire a 5.59% membership interest and a 7.79% net profits interest, in the iconic Naniloa Hilo Resort located in Hilo, Hawaii. Additionally, it is contemplated that as part of this transaction, RedHawk will acquire from Avior Capital LLC ("Avior") the right to purchase, an additional 18.28% membership interest and a 9.14% net profits interest in the venture.

RedHawk said it would acquire the membership interests and the right to purchase from the Schreiber Living Trust (the "Trust"), Beechwood Properties, LLC ("Beechwood") and Avior. The Trust and Beechwood collectively own 51.24% of the Independence Energy Corp.'s outstanding common stock. Mr. Dan Schreiber, Independence Energy Corp.'s Chief Executive Officer and Chairman, has voting control over the assets of the Trust and Avior, while Mr. G. Darcy Klug, Independence Energy Corp.'s Chief Financial Officer and Secretary, owns and controls Beechwood. Following this proposed transaction, all of Avior's, the Trust's and Beechwood's interests in this project will be held by RedHawk.

In December 2013, the Trust and Beechwood participated with WHR LLC in the $7 million acquisition of the historic Naniloa Hilo Resort. Recently, all necessary governmental approvals have been secured and satisfactory financing arranged to commence a $20 million restoration of the 388 room hotel. Restoration is expected to be completed in early 2016.

When completed, the resort will be re-branded as The Hilo Doubletree by Hilton and Golf Resort at the Naniloa in Hilo, Hawaii, and will be managed by Aqua Hospitality, Inc. Independent third party appraisers commissioned by the bank providing the restoration financing have estimated that the hotel will be worth $71,500,000 after restoration is complete and $102,000,000 after a three-year stabilization period under the Hilton flag.

A definitive purchase agreement for the membership interest, the net profits interests and the assignment of the right to purchase is anticipated to be completed and executed by RedHawk, Avior, the Trust and Beechwood within ninety (90) days of this announcement. Closing of the transaction is expected to be completed in the second quarter of Independence Energy Corp.'s fiscal year ending June 30, 2016. The transaction is contingent upon, among other things, approval by the Independence Energy Corp. board of directors, the negotiation and acceptance of a mutually agreed upon purchase price, execution of a definitive purchase agreement, consent of the other project investors to the assignment of the membership and net profits interests by the Trust and Beechwood to RedHawk, the transfer of the Avior right to purchase, satisfactory completion of legal due diligence, and the closing of acceptable financing or additional equity capital, if necessary.

Independence to Change Name to Redhawk Holdings Corp.; Will Change to June 30 Year End

 
YOUNGSVILLE, LA / ACCESSWIRE / May 28, 2015 / Independence Energy Corp. (IDNG)("Independence" or "Company") announced today that its board of directors has authorized the Company to initiate the process of seeking shareholder approval to change the corporate entity name to RedHawk Holdings Corp. ("RedHawk"). When the process is complete, the Company intends to make application for a new "CUSIP" number and a new trading symbol.

The Company believes the new name will better reflect the future direction of the business. The Company also said its health care business unit will operate as a fully-owned subsidiary of RedHawk under the name Independence Health Corp., LLC.

In addition to the name change, the Company's board of directors has approved a change in the Company's year end from January 31 to June 30. The company believes the change in year end will better reflect the operating cycles of its investment portfolio. In connection with the change in year end, the Company will report a transition period for the five (5) months beginning February 1, 2015 and ending June 30, 2015.

 

Redhawk Land & Hospitality to Acquire Commercial Real Estate

YOUNGSVILLE, LA / ACCESSWIRE / June 29, 2015 / (IDNG) - Independence Energy Corp. ("Independence" or "the Company") announced today that RedHawk Land & Hospitality, LLC, a wholly-owned subsidiary of the Company, has tentatively agreed to acquire from Beechwood Properties, LLC ("Beechwood"), certain commercial real estate currently under long-term lease to the State of Louisiana. Beechwood owns 35.39% of the Company's outstanding common stock, and is owned and controlled by G. Darcy Klug, the Company's Chief Financial Officer.

The property to be acquired was built in the early 1930's and is located in the historic district of Lafayette, Louisiana. The property was acquired by Beechwood in 2008 and following a renovation and restoration completed in 2010, has been under a long-term lease agreement with the 3rd Circuit Court of Appeals for the State of Louisiana.

A definitive purchase agreement for the property is anticipated to be completed and executed by the Company and Beechwood within sixty (60) days of this announcement, and the closing of the transaction is expected to be completed by the end of the first quarter of the Company's fiscal year ending June 30, 2016. The transaction is contingent upon board approval, the negotiation and acceptance of a mutually agreed upon purchase price and execution of a definitive purchase agreement, assignment of the existing lease agreement to the Company, satisfactory completion of legal due diligence and appraisals, and the closing of acceptable debt financing.


 



***FDA approved Thermal Scanner***
***Effective prevention tool against EBOLA***

Effective JULY 2, 2014

IDNG - NEW COMPANY NAME

NEW CEO AND NEW DIRECTORS

INDEPENDENCE HEALTH CORP.

A MEDICAL DEVICE COMPANY


SECURITY DETAILS

        Cease Trade Order


Independence Energy Corp.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

Cease Trade Order

¶ 1 Independence Energy Corp. (Independence) is a Nevada corporation that is an OTC reporting issuer under BC Instrument 51-509 Issuers Quoted on the U.S. Over-the-Counter Markets 
 
http://www.otcmarkets.com/stock/IDNG/news/British-Columbia-Securities-Commission---Cease-Trade-Order?id=49230&b=y

Independence Energy Corp. is a fully reporting SEC company, publicly traded on the OTC Market under the symbol, "IDNG", and within the OTCQB market tier. As such, Business, Operational, and Financial information on IDNG is fully transparent and available to public view.

Visit: http://www.otcmarkets.com/stock/IDNG/company-info to see complete details.

Independence Energy Corp. is Active on the Nevada Secretary of State site:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=CBwSAwKRC3a4pW%252bE3xV7Sw%253d%253d&nt7=0


Recent News

Independence Energy Announces Name Change, FDA Clearance
And U.S. Launch Of Non-Contact Thermometer
 Independence Energy Corp.
Jul 2, 2014 9:25 AM

 
SEAL BEACH, Calif., July 2, 2014 /PRNewswire-iReach/ -- (OTC BB: IDNG)– Independence Energy Corp. ("Independence") announced today that its Thermofinder FS-700 Pro and FS-700 (retail version) non-contact infrared thermometer has received U.S. Food and Drug Administration ("FDA") clearance and is launching immediately its distribution in the United States. The FS-700 is currently being sold in Asian and European markets for both professional and retail markets. Independence has the exclusive distribution rights in North, Central and South America.

"We believe the FS-700 is superior to similar devices currently available in the market," said Howard Taylor, Independence Chairman and Chief Executive Officer. "The Thermofinder's exceptional accuracy coupled with consistent reliability and intelligent design, make it easy to use and understand. We believe these attributes will translate into mass market appeal," continued Taylor. Benefits of the FS-700 also include no cross contamination, ergonomic (one handed) operation, left or right hand use, attractive pricing, easier to use than oral or ear thermometers, built in memory and operates silently. The FS-700 is the first of several medical devices Independence expects to launch.

The Company is currently in production and awaiting delivery of units following the successful fulfillment and deployment of the sales team and has already begun the placement of additional units to satisfy follow-up orders.

The Company's manufacturing partners produce a broad range of high quality medical device products for use in the professional and home environment. The thermometry products as well the other products are FDA cleared and carry the CE certification with many other worldwide licenses.

The sales team is a proven group of medical device and supply professionals; with specific successful history in the professional and retail sales of next generation thermometry products.


RECAP DD

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103717315



From 8-K April 2nd:
Asset Purchase Agreement with American Medical Distributors, LLC
 
On March 31, 2014, Independence Energy Corp. (“we”, “us”,“our”) entered into and closed an Asset Purchase Agreement (the “Agreement”) dated for reference March 31, 2014 with American Medical Distributors, LLC (“AMD”).  Pursuant to the agreement we have acquired from AMD all right, title and interest of AMD in and to a certain distribution contract (the “HuBDIC Agreement”) dated November 27, 2013 with HuBDIC Co. Ltd. (“HuBDIC”), a Korea corporation, pursuant to which AMD has been granted the exclusive right to distribute in the Americas certain professional and consumer grade non-touch thermometers known as the FS700 Pro and FS-700 (retail version), and any future versions. 
 
The material terms of the HuBDIC Agreement are as follows: (a) term of 5 years from November 7, 2013; (b) subject to FDA approval of the HuBDIC products, which is anticipated, we are required to purchase a minimum of 3,000 product units for re-sale during year 1 of the distribution period, 8,000 during year 2, and 15,000 during each subsequent year; (c) a $10,000 distribution fee paid to HuBDIC by AMD will be credited toward the first product order; and (d) the deposit is refundable to us at our election, and we may terminate the HuBDIC Agreement in the event FDA approval is not granted by April 26, 2014.   The maximum HuBDIC may charge IEC for the product is $19.99 per unit.

&

THIS ASSET PURCHASE AGREEMENT (this " Agreement ") made as of March 31, 2014 (the " Effective Date "), by and between American Medical Distributors, LLC, an New York limited liability company, with an address at 265 Sunrise Highway, Ste. 62, Rockville Centre, New York 11570 (“ AMD ”), and Independence Energy Corp., a Nevada corporation, with an address at 3020 Old Ranch Parkway, Ste 300, Seal Beach CA 90740   (“ IEC ”).


In General...
1.  An 8-K disclosing AMD's financials is anticipated to come out based on the 8-K on April 2nd.
This "Asset Purchase Agreemtent" looks more like a reverse merger.  Read it and draw your own conclusion.
2. Through the AMD distribution contract, IDNG is to buy a minumum of 56,000 devices.
3. These divices retail at $130.  That means IDNG stands to gross $7,280,000 and make a net 550.3% gain on money spent.


There is a lot more to this filing, read it and see.



Incorporated In: Nevada in 2012

Transfer Agent:

Holladay Stock Transfer
2939 N. 67th Place
Scottsdale, AZ 85251

Phone: 480-481-3940







http://finance.yahoo.com/q/h?s=idng



Contact Us:

Independence Energy Corp.
219 Chemin Metairie Road
Youngsville, Louisiana 70592

Phone: 337-269-5933

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IDNG
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Wiki
IDNG News: Amended Quarterly Transition Report (10-qt/a) 08/24/2015 05:16:23 PM
IDNG News: Quarterly Transition Report (10-qt) 08/19/2015 05:29:24 PM
IDNG News: Current Report Filing (8-k) 08/19/2015 02:59:30 PM
IDNG News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2015 03:43:38 PM
IDNG News: Current Report Filing (8-k) 08/03/2015 05:04:59 PM
PostSubject
#17490  Sticky Note YOUNGSVILLE, LA / ACCESSWIRE / August 19, 2015 fastback 08/19/15 03:07:00 PM
#17477  Sticky Note YOUNGSVILLE, LA / ACCESSWIRE / August 17, 2015 Cashking74 08/18/15 08:33:09 AM
#17621   Oh...??? You mean sell so you can buy billyenare 08/30/15 03:01:30 AM
#17620   i'm long and strong ...but what new website wallstreethustler 08/29/15 11:22:47 PM
#17619   What can I say, Klug is the man. MNKD_RISE 08/29/15 10:53:55 PM
#17618   Long and strong!! HAWC ready to rock kenray25 08/29/15 08:31:26 PM
#17617   will the IDNG board stop this idiotic idolizing op9171787 08/29/15 07:24:09 PM
#17616   REDHAWK ALL DAY!! sony12 08/29/15 04:02:44 PM
#17615   I told you I loved the new website!! IDNG kenray25 08/29/15 03:43:47 PM
#17614   Bank Capital! Redhawk all day baby!! MNKD_RISE 08/29/15 03:13:05 PM
#17613   I've had experience with same scenario and came jimbo098 08/28/15 04:56:28 PM
#17612   Finished in red again would have been better jimbo098 08/28/15 04:47:43 PM
#17611   REDHAWK LONG ALL DAY!!!!!!! sony12 08/28/15 04:45:55 PM
#17610   I completely agree Jimbo, if these people did MNKD_RISE 08/28/15 03:54:42 PM
#17609   Yes we get smaller piece of the pie jimbo098 08/28/15 03:51:14 PM
#17608   The Company said that on or about August kenray25 08/28/15 03:47:29 PM
#17607   Klug is not a man with dilutions jimbo098 08/28/15 03:47:17 PM
#17606   dilution will kill this stock. ZERO VOLUME. op9171787 08/28/15 02:55:16 PM
#17605   Also need less pumpers and cheerleaders and more BL28 08/28/15 02:13:41 PM
#17604   Wasn't someone talking about $2 is the near ajs02aj 08/28/15 01:27:02 PM
#17603   Need news need something zero volume jimbo098 08/28/15 11:04:00 AM
#17602   man alive, the volume recently BARELY SHOWS a op9171787 08/27/15 02:46:21 PM
#17601   I think the announcement was removed. The L2 HOTCOFFEE 08/27/15 10:03:23 AM
#17600   L2 showing "Announcement" Can't find it though. fastback 08/27/15 09:33:44 AM
#17599   we need news soon..we moved up quick and wallstreethustler 08/26/15 11:43:35 PM
#17598   LETS GET IT ON!!!!! REDHAWK! sony12 08/26/15 09:16:03 PM
#17597   just a little bit longer until the next Granrok 08/26/15 09:01:08 PM
#17596   green here as well rare find Hawc babeeee reaper8555 08/26/15 06:54:54 PM
#17595   20 more days what coffee jimbo098 08/26/15 06:28:29 PM
#17594   Home brew are you in the green also. Cashking74 08/26/15 05:25:42 PM
#17593   Shorts desperate to make $600, while tying up Homebrew 08/26/15 04:48:33 PM
#17591   I agree, I'm up over 100% and the HOTCOFFEE 08/26/15 04:13:06 PM
#17590   Glad I listened to the true longs with kenray25 08/26/15 04:10:08 PM
#17589   I am adding !!! sony12 08/26/15 04:08:01 PM
#17588   Nice Jimbo... and you got them at a HOTCOFFEE 08/26/15 04:07:59 PM
#17587   Desperation Appears - Definitely hit the shorters nerve! HOTCOFFEE 08/26/15 04:06:28 PM
#17586   50000 missed a zero! jimbo098 08/26/15 04:05:38 PM
#17585   Bought my 5000! jimbo098 08/26/15 04:03:35 PM
#17584   REDHAWK LONG AND STRONG!!!!!!! sony12 08/26/15 03:58:35 PM
#17583   Seriously? Even with proof? BL28 08/26/15 03:49:47 PM
#17582   LETS DO IT!!!! ALL LONGS BUY 50000!!!!! sony12 08/26/15 03:47:20 PM
#17581   I give REDHAWK the approval to transform. Let Cashking74 08/26/15 03:42:26 PM
#17580   REDHAWK!!!!! LONG!!! sony12 08/26/15 03:34:31 PM
#17579   Redhawk Longs on to it - Looks like HOTCOFFEE 08/26/15 03:14:08 PM
#17578   Let's do the math for shorting. Homebrew 08/26/15 02:31:13 PM
#17576   HAWC day is coming!!! kenray25 08/26/15 02:11:40 PM
#17575   I doubt it. Retail shorting of penny stocks Homebrew 08/26/15 02:10:12 PM
#17574   Please share. Privately if you must.... fastback 08/26/15 02:03:10 PM
#17573   20 more Days and Boom! HOTCOFFEE 08/26/15 01:59:04 PM
#17572   They sure are back. I think they MNKD_RISE 08/26/15 01:58:26 PM
#17570   Shorters are back! HOTCOFFEE 08/26/15 01:55:19 PM
#17567   Not very interesting or elightening. Doesn't explain the Homebrew 08/26/15 01:45:22 PM
PostSubject