RedHawk Holdings Corp (fka SNDD)

[kenray25]

In case folks didn't know what you were referring to:

In 2001, OMNI hired Klug and Eckert and charged them with turning the company around financially and positioning it for a sale, which they did.

Because the company was in such dire financial straits, its board of directors could not offer Eckert and Klug appropriate cash compensation packages. But Eckert and Klug believed in their ability to turn the company around. In return for less cash compensation, they bargained for deferred equity incentives, the amount of which was tied to appreciation of the stock price.

Under Eckert and Klug's management, OMNI has gone from approximately $26 million in net operating losses for the year ending December 31, 2000, to reported pro forma earnings of approximately $22 million before taxes on revenues of approximately $178 million for the 12-month period ending March 31, 2007. OMNI's per share trading price soared during that time from just over $1 in 2001 to a high of $12.74 per share in 2007.

Hope to see the same turnaround for RedHawk in the future!