Blackbridge converted/dumped WAY more than 9 million shares...
The proof is in court filings made by HWAL--
08/23/16-- 15. Before June 29, 2015, HWAL had been indebted to EMAX Media, Inc. in the amount of twenty-five thousand dollars ($25,000.00). On June 29, 2015, EMAX Media assigned such debt, by way of a Assignment and Assumption Agreement to BLACKBRIDGE.
16. Simultaneously with the assignment of such debt to BLACKBRIDGE on June 29, 2015, BLACKBRIDGE and HWAL entered into a Convertible Promissory Note (the "Note"), in the amount of twenty-five thousand dollars ($25,000.00), which note was recognized.
"Filing date of August 23, 2016, and delivery date is set for August 24, 2016). The creditor defendant is attempting to use an inaccurate conversion price of $0.005 per share, when the current price is $0.05 per share. Additionally, the creditor defendant is seeking the issuance of 1,000,000 shares of common stock, without restriction, which value, facially is $50,000.00 for a conversion presented of $5,000.00. The court did not intervene.
10/11/16-- HWAL granted a 14 day injunction against Blackbridge. Shares were dumped the day the injunction expired
10/24/16-- 33. On and before September 19, 2016, BLACKBRIDGE presented a demand for conversion of debt under the Note to Cleartrust, at the default rate of $0.0001 per share for the conversion of $700.00 of such debt principal due and owing under the Note, demanding the issuance of 7,000,000 common shares of stock of HWAL, to be issued without restrictive legend.
34. On September 19, 2016, Cleartrust processed such conversion and demands made to them by BLACKBRIDGE for the 7,000,000 shares, which were issued and transmitted via electronic transfer to the brokerage for HWAL. BLACKBRIDGE sold such shares on the public
market.
37. On and before October 5, 2016, BLACKBRIDGE presented a demand for conversion of debt under the Note to Cleartrust, again at the default rate of $0.0001 per share for the conversion of $400.00 of such debt principal due and owing under the Note, demanding the
issuance of 4,000,000 common shares of stock of HWAL, to be issued without restrictive legend.
38. On or about October 5, 2016, Cleartrust processed such conversion and demands made to them by BLACKBRIDGE for the 8,000,000 shares, which were issued and transmitted via electronic transfer to the brokerage for HWAL. BLACKBRIDGE immediately sold such shares on the public market.
10/27/16-- "Cleartrust has communicated to all parties that without extension of such Court Order, they would be forced to process the request on October 28th (Friday)2016 and the 9,000,000 common shares will be issued to BLACKBRIDGE for sale on the market to the extreme jeopardy and damage to Hollywall and its hundreds of shareholders.
11/17/16-- "they are forcing the issuance of ten million common shares (10,000,000) at the default conversion rate of $0.0001 per share while the trading value of the stock is $0.005 per share... Cleartrust has stated that they must comply and issue such shares on November 18, 2016.
THE COURT HAS NOT STOPPED ANY OF THESE DEBT-FOR-SHARES CONVERSIONS. ALL WERE ISSUED AND DUMPED.
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Toxic Blackbridge LLC--no proof they've been paid off
If true they're likely still forcing HWAL's TA to convert their debt-for-shares (priced at .0001 by contract) and dumping them into the market.
HWAL filed a lawsuit against Blackbridge and their own TA back in August. Except for a 2 week reprieve it has apparently failed to stop the bleeding. If HWAL had succeeded then there would have been an immediate PR stating so.
According to the latest disclosure, the O/S was as follows:
9/30/2016---103,768,564
Today it's:
1/22/2017---142,768,564
That's an increase in the OS of a nice, even, round 39,000,000 shares (or 38%) in 3-1/2 months!!! Blackbridge has been demanding and receiving 10 million share tranches and carpet bombing the market with them. That's the "irreparable damage" HWAL complained about in their lawsuit.
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