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Independence Energy Corp (IDNG)

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Last Post: 10/8/2015 7:53:33 PM - Followers: 184 - Board type: Free - Posts Today: 12


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******


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


Recent news



 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.


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***Effective prevention tool against EBOLA***

Effective JULY 2, 2014






        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

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: to see complete details.

Independence Energy Corp. is Active on the Nevada Secretary of State site:

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.


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

Contact Us:

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

Phone: 337-269-5933

Daniel Schreiber Involved in $10.7 Million Bribery Case
Ordered to repay $10.7 million in ill-gotten gains,
Ordered to pay $350,000 in fines,

Ordered to hire an independant overseer to verify they stay in compliance of SEC rules.
Additional $30,000 in fines for other securities violations.

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Current Price
Bid Ask Day's Range
IDNG News: Initial Statement of Beneficial Ownership (3) 09/14/2015 01:50:58 PM
IDNG News: Initial Statement of Beneficial Ownership (3) 09/02/2015 05:57:31 PM
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
#17954  Sticky Note This whole thing about schreiber is nonsense it Cashking74 09/25/15 04:05:13 PM
#17865  Sticky Note IDNG's CEO's a crook who stole $10 Million.....hmmmmm, interesting Homebrew 09/20/15 09:24:48 PM
#17490  Sticky Note YOUNGSVILLE, LA / ACCESSWIRE / August 19, 2015 fastback 08/19/15 03:07:00 PM
#18164   I do not think you understand no huge runner2800 10/08/15 07:53:33 PM
#18163   What huge day Swingtrader 10/08/15 04:46:00 PM
#18162   Not many shares exchanged hands today... Very Gooddolphin 10/08/15 04:12:03 PM
#18161   REDHAWK LONG!!!!! Can't wait for a HUGE day!!! sony12 10/08/15 03:10:56 PM
#18160   There a major difference between civil and criminal. Cashking74 10/08/15 11:06:03 AM
#18159   If Schreiber's a "Bad Actor" according to SEC, Homebrew 10/08/15 10:48:26 AM
#18158   The MM are bouncing the PPS all over Cashking74 10/08/15 10:11:03 AM
#18157   This is why I tell investors to buy Cashking74 10/08/15 10:04:50 AM
#18156   Part of the fraud is selling to many Cashking74 10/08/15 09:56:02 AM
#18155   Modus Operendi of this board: Granrok 10/08/15 09:45:13 AM
#18154   Here a link showing a lot of what Cashking74 10/08/15 09:42:51 AM
#18153   I guess the same way I stated that Cashking74 10/08/15 09:36:58 AM
#18152   CK - that is just delusional. Think nsomniyak 10/07/15 10:05:46 PM
#18151   Good to know. op9171787 10/07/15 07:50:25 PM
#18150   I'm with ya there Bro. LarryBear40 10/07/15 07:40:36 PM
#18149   i think we just want the stock to op9171787 10/07/15 07:33:10 PM
#18148   Actually I misspoke about control. When I LarryBear40 10/07/15 07:18:14 PM
#18147   Incorrect. Leverage had nothing to do with it. LarryBear40 10/07/15 06:28:28 PM
#18146   Incorrect. Common sense should tell you that. LarryBear40 10/07/15 06:27:21 PM
#18145   some of u deep pocket folks need to op9171787 10/07/15 03:44:12 PM
#18144   How high do u think this jumps in op9171787 10/07/15 03:38:43 PM
#18143   Yes thats exactly how Berkshire Hathaway became extremely Cashking74 10/07/15 03:06:18 PM
#18142   It tells you they are in control of Cashking74 10/07/15 03:03:57 PM
#18141   Correct - the corporate structure has nothing to nsomniyak 10/07/15 03:01:17 PM
#18140   IDNG has been trading stronger. JUMP PAST op9171787 10/07/15 01:13:32 PM
#18139   KLUG: waiting on the NAME/CUSIP/SYMBOL change...please follow op9171787 10/07/15 01:10:59 PM
#18138   One further note on this subject. All LarryBear40 10/07/15 12:32:35 PM
#18137   Come on Cash. Your examples are taken LarryBear40 10/07/15 12:04:25 PM
#18136   How First, say the family decides they want to Cashking74 10/07/15 11:02:48 AM
#18135   Larry - you are correct. That statement nsomniyak 10/06/15 09:10:08 PM
#18134   Redhawk long !!!!!! sony12 10/06/15 07:55:23 PM
#18133   Explain how those preferred shares help Klug in LarryBear40 10/06/15 03:26:14 PM
#18132   He keeps a hostile takeover from happening with Cashking74 10/06/15 02:23:02 PM
#18131   Possibly, I forgot about them. I suppose LarryBear40 10/06/15 01:48:04 PM
#18130   Would the preferred shares come into play ? Homebrew 10/06/15 01:36:13 PM
#18129   That's just an absurd statement. LarryBear40 10/06/15 01:27:45 PM
#18128   Over 85% of warren buffets wealth is Berkshire Cashking74 10/06/15 12:58:57 PM
#18127   Not in a holding company structure. Do the Cashking74 10/06/15 12:50:58 PM
#18126   Doesn't matter if they're non-public. IDNG still LarryBear40 10/06/15 12:49:29 PM
#18125   Not really, it's just that the holding company LarryBear40 10/06/15 12:47:06 PM
#18124   You also know that all the subs have Cashking74 10/06/15 12:39:13 PM
#18123   So you know the holding company structure is Cashking74 10/06/15 12:33:47 PM
#18122   I understand that common sense is not common Cashking74 10/06/15 12:30:05 PM
#18121   You are correct - they receive benefits in nsomniyak 10/06/15 12:26:38 PM
#18120   Also keep in mind major corporation buy products Cashking74 10/06/15 12:19:51 PM
#18119   Sorry, but I've been dealing with parent/subsidiary groups LarryBear40 10/06/15 12:18:57 PM
#18118   They don't receive all the benefits of the LarryBear40 10/06/15 12:16:27 PM
#18117   This company is in the building phase. So Cashking74 10/06/15 12:12:09 PM
#18116   Why did the Hilton get involved if it's Cashking74 10/06/15 12:07:21 PM
#18115   They don't receive all the benefits, only their LarryBear40 10/06/15 12:05:47 PM