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Looks like the Lafayette court room has had a busy week, Redhawk filed to confirm the
judgment against N-95 Shield, LLC, they are a member of Nevada-based
Coastal Group Partners, LLC. <<< $$$...A Very Important Fact...$$$
Redhawk will most likely be going the Federal Court route which is the same in all 50 states,
this offers a simplicity to the case.
Is seems like the legal route is a longer of a process than what I was expecting, I was
thinking it would have been more of:
OK, we already have this from the Judge so it would just move right to the next phase....
AH..... The joys of our legal system!!!
WHAT THE HELL WAS I THINKING....
LOL
TICK-TOC
THE WHEELS ARE SPINNING
D_DOG
My thoughts exactly....
It's like if you won the lottery, you'd be crossing the
road to get your check and get ran down by a bus
of senior citizens.
LOL
D_DOG
I'm pretty sure it's 4 business days and I'm right there with you
for more news.
D_DOG
My only hope at this time is that we do have this open up to trade soon and
a positive ROI with SNDD would be a very welcomed accomplishment.
As Steve Jobs found out first hand, all the money in the world can't buy
your health or more time with loved ones.
D_DOG
There are a few things going on, whether or not the company
updates us in the coming weeks is the question.
I think they will eventually.
D_DOG
Yeppers, Mr. Swiecicki is a good add to the Redhawk team.
His expertise is an added bonus along with being an integral
part of Redhawk's bright future.
D_DOG
I have to agree, that's a lot of coin for sure.
In my opinion there is deff something big going on
and it really appears to be a unique situation.
D_DOG
Friday August, 4th equals 360 days since the final judgement was
ordered by the judge on the civil case against Crown Bridge.
Payment must be made to the SEC by then. I guess at that point
the SEC divvies up the moneys and distributes it to those that were
involved with Crown Bridge and affected by net profits gained as a
result of the conduct alleged in the Complaint
So it may take until Monday August 7, 2023 due to the filings
often posting after hours.
TICK - TOCK
I Like It....
D_DOG
Hopefully.....
This week just may just open up a nice new and shiny 8K.
D_DOG
CRICKETS ALL OF A SUDDEN
D_DOG
I guess this is fake as well... LOL
Securities and Exchange Commission v.
Crown Bridge Partners LLC et al
Defendant shall pay the total of disgorgement, prejudgment interest, and
penalties due of $9,200,908.27, plus post-judgment interest, in five (5)
installments to the Commission, the final payment is due within 360 days
after entry of this Final Judgment which was on August 09, 2022
OH MY, THAT'S NEXT WEEK TOO....
Tuesday, August 09, 2022
FINAL JUDGMENT AS TO DEFENDANT CROWN BRIDGE PARTNERS, LLC: IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $8,103,073.75, representing net profits gained as a result of the conduct alleged in the Complaint, prejudgment interest thereon in the amount of $287,527.52, and a civil penalty of $810,307.00 pursuant to Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)], for a total of $9,200,908.27. Defendant shall satisfy this obligation by paying to the Commission $9,200,908.27, plus post-judgment interest, pursuant to the terms of the payment schedule set forth in Paragraph IV below. Defendant's liability for payment of these amounts shall be joint and several with Defendants Soheil Ahdoot and Sepas Ahdoot upon the entry of separate final judgments against them in this action. Every $1 paid by Defendant toward this payment obligation shall reduce the joint and several liability of Defendants Soheil Ahdoot and Sepas Ahdoot by $1; and, every $1 paid by Defendants Soheil Ahdoot or Sepas Ahdoot toward this joint and several obligation (as reflected in the final judgments separately entered againsteach of them in this action) shall reduce Defendant's payment obligation by $1. Defendant shall pay the total of disgorgement, prejudgment interest, and penalties due of $9,200,908.27, plus post-judgment interest, in five (5) installments to the Commission according to the following schedule: (i) $3,220,317.89 is due within 15 days after entry of this Final Judgment, (ii) $1,495,147.60 is due within 90 days after entry of this Final Judgment, (iii)$1,495,147.60 is due within 180 days after entry of this Final Judgment, (iv) $1,495,147.59 is due within 270 days after entry of this Final Judgment, and (v) $1,495,147.59, plus an amount equal to the accrued post-judgment interest, is due within 360 days after entry of this Final Judgment. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of CivilProcedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice., Crown Bridge Partners LLC terminated. (Signed by Judge John P. Cronan on 8/08/2022) (ama)
https://www.pacermonitor.com/public/case/45468868/Securities_and_Exchange_Commission_v_Crown_Bridge_Partners_LLC_et_al
D_DOG
Yeah, I'm sure you're right...lol
TIC - TOCK
WE WILL SEE
D_DOG
I've posted on this before and I do believe that there was a 90 day time frame with that
case for the defendant to reply, that seems to be coming up next week.
"On February 22, 2023, a binding arbitration hearing was held in Lafayette, Louisiana.
On May 1, 2023, RedHawk Medical was awarded a monetary judgment ("Judgment") in the amount of $44,950,000, plus, attorney fees and arbitration costs in the amount of approximately $69,000, and judicial interest from June 22, 2021 until paid. As of May 1, 2023, accrued judicial interest totaled approximately $3,400,000."
The Judgment is not subject to appeal.
I LIKE THE WAY THAT SOUNDS:
🤑 MUSIC TO MY EARS 🤑
$$ 🎶 $$..... THE JUDGMENT IS NOT SUBJECT TO APPEAL..... $$ 🎶 $$
I've been going on a $5,200 per day until it is paid up!
That's close to a HALF OF A MILLION US DOLLARS in additional
interest on top of the $3,400,000 already incurred!
All of that is added to the $44,950,000, plus, attorney fees and arbitration
costs of approximately $69,000
$44,950,000 + $69,000 + $3,400,000 + $500,000 = $48,919,000
$$$...Cha-Ching... $$$
I always work with the lowest possible number in my figures,
anything more is a BONUS.
D_DOG
You're welcome...
Your computer cashe may have been full, causing errors.
D_DOG
Me too, I don't know who said that but in my opinion
as I mentioned before they were most likely financially
vetted prior to the writing of the contract.
I can't see Darcy taking the time to go through all that
bs without doing the DD on the customer.
Just my opinion...
D_DOG
I agree
100%
D_DOG
I have no idea what the SEC is doing, I do know that the Administrative
Proceedings should have been updated with their determination
over a month ago:
https://www.sec.gov/litigation/apdocuments/ap-3-21456.xml
They have a defined timeline for this and it has exceeded that without
an update.
WHAT DOES THAT MEAN????
D_DOG
An explanation of a contract where "The Buyer" failed to perform under the
terms of the Contract, again in an 8K.
Arbitration Award: The Company, was awarded, through binding arbitration,
$44,950,000, plus attorney fees, arbitration costs, and judicial interest.
PS: There is a daily judicial interest from June 22, 2021 until paid. As of
May 1, 2023, accrued judicial interest totaled approximately $3,400,000.
$$$ The Judgment is not subject to appeal $$$
Show me where RNVA or any company on the OTC that the court judged
that type of award.
I'm pretty sure that the company involved was financially vetted before hand,
so they have the means to pay this.
From what I have seen, Redhawk and Darcy wouldn't deal with a insolvent company.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1353406/000175392623000631/g083536_8k.htm
Again,
IMHO
PS: I'm not a fan of the amount of time this is taking either but there is positive
movement being made.
D_DOG
Not totally dead silent, I think 8K's hold more weight than a barrage of
Tweets that never happen.
(that's simply worthless pumping)
IMHO
D_DOG
Still populating on the OTC web page:
https://www.otcmarkets.com/stock/SNDD/security
And the Edgar site as well:
https://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=sndd&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Check your link....
D_DOG
Yeah, I don't think so.
Personally that's not the way I trade. I expect to see a
much higher PPS at some point, plus at this point the
commission would be more than the sale.
Also the average person can not buy this at this point
I'm not looking for a tax loss......
Time Will Tell
D_DOG
Not really, not even close. Redhawk doesn't have multiple
reverse splits and a whopping 29,000,000,000 shares.
Also we don't have a CEO continuously trying to pump
the stock with worthless news.
Albeit we do have the same .000001 share price at the
present time. (Only similarity at this point)
D_DOG
Unfortunately everything takes time and as we all know all too well,
everything with Redhawk takes a long time but at least they're still
constantly moving forward.
IE: Accumulating assets, straightening out old debt, ETC.
Nature of the BEAST I GUESS
D_DOG
RedHawk Medical was awarded, through binding arbitration, $44,950,000, plus attorney fees,
arbitration costs, and judicial interest. As of May 1, 2023, accrued judicial interest totaled
approximately $3,400,000.
I figured on the low side at around $5,200 per day for the judicial interest, with that I can
easily see an agreement being reached for a portion of that amount just to settle the
account.
I'd say the buyer would be better off working with the company
and coming to an agreement ASAP simply due to the fact that the judgment is not
subject to appeal. From the posting of the 8K on May 9th of this year the additional
incurred interest is roughly $416,000 plus whatever any other fees or penalties that
get tacked on.
I will be a very nice addition to the coffers when that happens, even at 50% of that total
it would around $25,000,000. If that company was vetted as it most likely was in order
to even place that large of an order I'd say that they will at some point be paying Redhawk
a sizable amount.
Just Thinkin Out Loud
D_DOG
Yes a disaster response company and Commercial Construction
Subcontractor that I'm sure has the ability to do a lots of projects
at our new warehouse. Also the company's new lease is set up so
Redhawk does any and all building upgrades and maintenance so
having your own subcontractor is a real nice touch.
I'd be willing to guess that they can easily set up the Med Tech Farms
growing facility at the new warehouse.
Just speculating but that sure does make a lot of sense if you think
about it.
D_DOG
I'd have to agree, it would be nice to get quarterly updates. The only
thing that calms me down a little is the limited info that they do put
out makes me dig harder and look into that info from every angle
and then a lot of possibilities populate.
One can go to the higher level with this in MY HONEST OPINION due
to the fact that Darcy has shown us that he too is in this game and for
the most part on the same level as us.
A few things that keep coming to mind from the last 8K is the purchase
of Med Tech Farms back on October 1, 2022, and the new California-based
Green Growth CPA’s to serve as the Company's independent registered
public accounting firm.
At this point we may have had at least one or more flowering bud cycles
produce product by now and the new warehouse seems to have the
ability to house that process easily.
The new accounting firm specializes in helping with multi-state sales
along with being knowledgeable about all of the federal and state
regulations.
Nobody in their right mind does this without a bright futuristic goal
in mind.
Yes, there's been a lot going on...
D_DOG
Med Tech Farms LLC:
The purchase price was approximately $840,000 and was paid through a combination of promissory notes, available net operating tax loss carryforwards and the distribution of certain disaster response company assets to the former owner. The Med Tech assets acquired include, but are not limited to, the equipment necessary to grow, manufacture, transport and sell cannabis products.
The assets will be relocated to the Company’s new warehouse and storage facilities in Broussard, Louisiana
Also they have taken on a new independent registered public accounting firm to audit the Company’s financial statements:
On May 9, 2023, the Audit Committee approved the engagement of California-based GreenGrowth CPA’s (“GreenGrowth”), to serve as the Company's independent registered public accounting firm to audit the Company’s financial statements for its fiscal years ended June 30, 2021, June 30, 2022 and the nine months ended March 31, 2023.
They specialize in expansion and offer tips for becoming a Multi-State Cannabis Business.
So yes they've added that but no one has mentioned anything about it yet.
D_DOG
Speaking of: https://www.instagram.com/medtechfarms/?hl=en
I would think that the new RedHawk warehouse space is either occupied or set to be occupied by Med Tech Farms Commercial Weed Growing business.
Just speculating but they did purchase the business a while ago and the space seems adequate.
D_DOG
Is this the crack that starts the process?
What say you Anthony Scott Barkow?
https://www.bloomberg.com/profile/person/15056936
D_DOG
Amicus Curiae:
An adviser to the court on some matter of law who is not a
party to the case; usually someone who wants to influence
the outcome of a lawsuit involving matters of wide public
interest.
Could be very interesting......
D_DOG
An update on the Securities and Exchange Commission v. LG Capital Funding, LLC et al
Wednesday, July 05, 2023
33 misc Amicus Curiae Appearance Wed 07/05 6:21 PM
Amicus Curiae APPEARANCE entered by Anthony Scott Barkow on behalf of Alternative Investment Management Association, Ltd., Trading and Markets Project, Inc. (Barkow, Anthony)
https://www.pacermonitor.com/public/case/44817771/Securities_and_Exchange_Commission_v_LG_Capital_Funding,_LLC_et_al
D_DOG
I did a search on how long a Federal Judge has to rule on motions.
The answer unfortunately is NO TIME LINE...
"Is there a time limit for federal judges to rule on motions?
No.
I have seen motions to dismiss ruled on the same day they
are filed, and others years later. However, it has been my
experience that most federal judges like to manage their
docket and resolve motions as soon as possible."
We're presently waiting on a federal judge on senior status
with the United States District Court on one case.
"Senior judges, who essentially provide volunteer service to
the courts, typically handle about 15 percent of the federal
courts' workload annually."
So there is no time line to speak of unfortunately.
We'll just have to sit n wait.......as usually!
D_DOG
We have no idea what is going on exactly at this point but there is deff
something that is an out of the ordinary situation for sure.
With no updates about the administrative proceeding from the SEC
that right there makes me think that there is something going on in the
background that is extraordinary.
That should have been updated last month going by the original filing
with the timeline clearly stated.....
COME ON REDHAWK SPREAD YOUR WINGS
D_DOG
There is more going on with Redhawk than many think, the Darkpulse / Redhawk
RICO case against Crown Bridge may settle instead of risking the extra multiple
award that is given with RICO cases.
D_DOG
If I was to guess I would say the lack of any updates on this site:
[https://www.sec.gov/litigation/apdocuments/ap-3-21456.xml]
is directly related to the lack of updates on both:
https://www.pacermonitor.com/public/case/44817771/Securities_and_Exchange_Commission_v_LG_Capital_Funding,_LLC_et_al
and
https://www.pacermonitor.com/public/case/46217080/DarkPulse,_Inc_et_al_v_Crown_Bridge_Partners_LLC_et_al
cases.
Federal Judges failed to pass judgment on the cases
in front of them which IMO put the brakes on the SEC
ability to move forward with their proceeding.
D_DOG
The N-95 Shield failed contract that has been in default for almost a year and a half. The
upside of this is that RedHawk Medical initiated binding arbitration proceedings on May 21, 2022
through Judicial Arbitration and Mediation Services, Inc. (“JAMS”). With this they were awarded
a sizeable sum per day that is tacked on until it is satisfied. I roughly figured that the daily cost is
roughly $5,200 on the low side, probably higher.
That keeps compounding until it is satisfied, so let it roll every 100 days is over a half a million dollars.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1353406/000175392623000631/g083536_8k.htm
RedHawk Holdings Corp. (“RedHawk” or the “Company”), a diversified holding company engaged primarily in the sale and distribution of medical devices and certain types of personal protection equipment, announced today that RedHawk Medical Products & Services, LLC (“RedHawk Medical”), a wholly-owned subsidiary of the Company, was awarded, through binding arbitration, $44,950,000, plus attorney fees, arbitration costs, and judicial interest.
On June 22, 2021, RedHawk Medical entered into a $950,000,000 contract (the “Contract”) with N-95 Shield, LLC, an Arizona-based medical supply distribution company (the “Buyer”) and member of Nevada-based Coastal Group Partners, LLC, for RedHawk Medical to sell to the Buyer certain medical products offered by RedHawk Medical. The Buyer failed to perform under the terms of the Contract and RedHawk Medical’s attempts to amicably resolve the dispute with the Buyer were unsuccessful.
On January 6, 2022, RedHawk Medical issued to the Buyer a Notice of Default (“Default”) wherein RedHawk notified the Buyer that RedHawk Medical (i) believed the Buyer was in breach of the Contract; and (ii) if the Buyer failed to cure the Default within the timeline set forth in the Contract, RedHawk Medical would pursue its available remedies pursuant to the terms of the Contract.
The Buyer failed to cure the Default.
Accordingly, pursuant to the terms of the Contract, RedHawk Medical initiated binding arbitration proceedings on May 21, 2022 through Judicial Arbitration and Mediation Services, Inc. (“JAMS”).
On February 22, 2023, a binding arbitration hearing was held in Lafayette, Louisiana.
On May 1, 2023, RedHawk Medical was awarded a monetary judgment (“Judgment”) in the amount of $44,950,000, plus, attorney fees and arbitration costs in the amount of approximately $69,000, and judicial interest from June 22, 2021 until paid. As of May 1, 2023, accrued judicial interest totaled approximately $3,400,000.
The Judgment is not subject to appeal.
The Company said it will recognize the net income from the Judgment in its financial statements when the proceeds from the Judgment are collected by RedHawk Medical.
D_DOG
I agree and I like the way you think, especially the
"we know I'm always right" comment.
Keep on keeping on there ZOG.....
Oh well, time to go rebuild some calipers.
D_DOG
I guess all we need is something similar to this at this point:
https://www.sec.gov/litigation/apdocuments/3-20981-2022-08-31-respondent-response.pdf
They want to get CURRANT....OMG
I guess this company sells raisins or currants....
Hey if Lance Dalton can get the extra time I'm pretty sure Darcy
can muster up a response if that is the path they are choosing.
D_DOG
Thanks again, and yes I was also pokin around on there, like you
stated this isn't a done deal like some try to make it to be.
It's also not as timely as I first thought, originally I was thinking
that it was a 10 day response time from the company then a
14 day period where the Commission will issue a final order
resolving the proceeding.
I should have know better, all things involving Redhawk are not
accomplished in a short time frame.
What the hell was I thinking....LOL
D_DOG