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Certain of the 2019 Variable Rate Convertible Notes have maturity dates prior to March 31, 2021 and could be classified as a current liability. However, it is the Company’s expectation that we will either re-finance these convertible notes to longer terms, pay off such amounts with the proceeds of long-term financing, or permit a limited amount of conversions. Therefore, we have classified these notes as noncurrent. If we do not re-finance these convertible notes to longer terms, however, the holders of the convertible notes have the option to convert these notes into equity or hold the convertible notes to maturity. or permit a limited amount of conversions. or permit a limited amount of conversions. or permit a limited amount of conversions.
SNDD has averaged 35,500,000 shares of DILUTION Every month for the past 26 months !!! Feels like the dilution run rate will increase by huge margins to eliminate the toxic debt that is still on the books and of course the new debt that is being added(10k will tell us) . ALL EYES on the 10k ! Granrok- The sellers can't stop - they will only stop if the company fires their TA for the 4th time to stop conversions. Sellers make more and more money as this stock heads lower- they are incentivized to take this lower. That is how Toxic deals trade. Dilution Dilution and more Dilution because of the deals this company did. Where is the BOD? Hope they uncover there blinders soon . Where is the Corporate Governance.
DILUTION IS HERE EVERYONE. We need to see 8k's , 10k's. this dilution is going to hurt hurt and hurt hard . We are peeling and will report what we find. Jelly- This dog won't hunt until we get transparency. Thank you to all of you who are pointing our boys and girls in the right direction ! RAH RAH
SNDD has averaged 35,500,000 shares of DILUTION Every month for the past 26 months !!! Feels like the dilution run rate will increase by huge margins to eliminate the toxic debt that is still on the books and of course the new debt that is being added(10k will tell us) . ALL EYES on the 10k !
On November 1, 2018, 483,593,867 shares of common stock, par value 0.001 per share, were outstanding. On February 6, 2019, 541,993,867 shares of common stock, par value 0.001 per share, were outstanding.
On May 20, 2019, 756,442,499 shares of common stock, par value 0.001 per share, were outstanding.As of October 8, 2019, the registrant had 905,759,097 shares of common stock outstanding.
On February 11, 2020, 969,159,469 shares of common stock, par value 0.001 per share, were outstanding.On June 15, 2020, 963,651,157 shares of common stock, par value 0.001 per share, 8/31/2020-Outstanding Shares
1,288,553,160
1,288.553,160
Our Boys and Girls tell us the only way this dog ever hunts is with Full Transparency ! We need to see the 10k and a Shareholder meeting called . There are plenty of questions this BOD and mgmt needs to answer. 10k, 8k's, Transparency are the only recipe. Lots of questions to answer. Shareholders deserve to know. Dilution is the key to a disaster while cash flow solves many issues.
SNDD has averaged 35,500,000 shares of DILUTION Every month for the past 26 months !!! Feels like the dilution run rate will increase by huge margins to eliminate the toxic debt that is still on the books and of course the new debt that is being added(10k will tell us) . ALL EYES on the 10k !
On November 1, 2018, 483,593,867 shares of common stock, par value 0.001 per share, were outstanding. On February 6, 2019, 541,993,867 shares of common stock, par value 0.001 per share, were outstanding.
On May 20, 2019, 756,442,499 shares of common stock, par value 0.001 per share, were outstanding.As of October 8, 2019, the registrant had 905,759,097 shares of common stock outstanding.
On February 11, 2020, 969,159,469 shares of common stock, par value 0.001 per share, were outstanding.On June 15, 2020, 963,651,157 shares of common stock, par value 0.001 per share, 8/31/2020-Outstanding Shares
1,288,553,160
1,288.553,160
As of June 30, 2018, the registrant had 362,939,227 shares outstanding.
On February 1, 2018, 351,049,027 shares of common stock, par value 0.001 per share, were outstanding.
On November 1, 2017, 361,049,027 shares of common stock, par value 0.001 per share, were outstanding.
Dilution = How many more shares will be coming ? Our boys and girls can't tell when but they do know it is coming. Sept 15= www.otcmarkets.com. 10k should tell us everything we need to see. Please schedule a shareholder meeting to tell us all how well the company is doing- RAH RAH . This BOD needs to pull masks down that cover their eyes. Masks should just cover the nose and the mouth. BOD- wake up or get off this board. Transparency is what we strive for. Remember if you see the authorized increase or a reverse stock split run don't walk to the exits. No one on this board can explain the Interest Free Loans. Or the Exchange Agreement that clearly pads the position of the CFO. No one can explain where Zonis, Woundclot and Centri are . etc etc Dilution is coming through the variable converts.
Section 3(a)(10) of the Securities Act is meant to allow companies in dire straits a way to make good on their outstanding claims by issuing shares in exchange for bona fide outstanding claims. The investors, 3(a)(10) financiers in this context, are protected by means of a judge or agency reviewing the terms and conditions of the exchange to make sure they are fair to the investors receiving the shares of a struggling company. 3(a)(10) financing, which is a practice where the investor actively looks for companies who would like to trade its debt for discounted shares, results in the possibility of a financier receiving an almost infinite number of shares if the stock price falls. This practice not only falls outside of the legislative intent of Section 3(a)(10), but also leads to violations of Sec- tions 5, 12, and 13 of the Securities Act of 1933. Rule makers must focus on this growing practice to blatantly skirt the traditional registration pro- cess of the Securities Act and amend Section 3(a)(10) to better protect current shareholders of the target comp any, the target company itself, and the marketplace from the harmful effects of 3(a)(10) financing. Look what the Boys and Girls have found. We believe Redhawk has used these highly Dilutive means to pay debts. Boys and Girls are peeling as Jelly is on the grill. Divest, Can you post the original EMI lawsuit ? Trying to find these 3A10 transactions in the company's filings. Again thanks for all of you are pointing us in the right direction.
Section 3(a)(10) of the Securities Act is meant to allow companies in dire straits a way to make good on their outstanding claims by issuing shares in exchange for bona fide outstanding claims. The investors, 3(a)(10) financiers in this context, are protected by means of a judge or agency reviewing the terms and conditions of the exchange to make sure they are fair to the investors receiving the shares of a struggling company. 3(a)(10) financing, which is a practice where the investor actively looks for companies who would like to trade its debt for discounted shares, results in the possibility of a financier receiving an almost infinite number of shares if the stock price falls. This practice not only falls outside of the legislative intent of Section 3(a)(10), but also leads to violations of Sec- tions 5, 12, and 13 of the Securities Act of 1933. Rule makers must focus on this growing practice to blatantly skirt the traditional registration pro- cess of the Securities Act and amend Section 3(a)(10) to better protect current shareholders of the target comp any, the target company itself, and the marketplace from the harmful effects of 3(a)(10) financing. Look what the Boys and Girls have found. We believe Redhawk has used these highly Dilutive means to pay debts. Boys and Girls are peeling as Jelly is on the grill. Divest, Can you post the original EMI lawsuit ? Trying to find these 3A10 transactions in the company's filings. Again thanks for all of you are pointing us in the right direction.
we are sure their lawyers would agree with you - Their legal fees have been huge for a company this size. We are looking deeply into how those fees get paid as well. Jelly- While you play golf we are working for you . Our boys and girls are reading all lawsuits , filings and finding some real gems.
Divest- Investors need to understand the lawsuit so they can measure how their management team behaves and conducts their business. Jelly- Please post the original lawsuit - fascinating reading. And it is all public information.
EMA Financial Lawsuit is fascinating reading. Jelly- Can you post the lawsuit to the board? It is public information.
only down 14% today and if we are right the real dilution hasn't even started yet. Our boys and girls are working hard over the long weekend to peel this onion back. They are reading all public filings and we will report what we find. Sept 15- otcmarkets and Windowmonkey please help us on these Interest Free loans? We can't figure out what is free about them. The only thing we can tell you is whoever took advantage of them made out like bandits . We are digging to find those agreements . Exchange agreements- Window, Why was this entered into? Must be an angle ( we need to get smarter Window) . Still no 8k's Still No Transparency
How low is low Jelly?
BOD- Stop hiding the ball and put out an 8k so the Shareholders can see how you are raising money. Shareholders deserve to see and understand the dilution happening currently.
Already pledged =. any profits will go to pay these off - Beginning in the quarter ended June 30, 2019, we entered into a series of credit financing arrangements from financing institutions by pledging future accounts receivable. The proceeds from these credit agreements were used to pay the initial amount due under the Schreiber settlement agreement. As of June 30, 2019, we had drawn approximately $153,000 under these agreements. During the nine month period ended March 31, 2020, additional draws of approximately $116,000 occurred and payments of approximately $76,000 were made. As of March 31, 2020, approximately $174,000 remained outstanding on these loans
Uber- We just need to see Transparency= 8k's and all information related to raising capital and selling stock. This BOD needs to keep this company from the deep part of the Grey spectrum. If the BOD can't do that they need to go . Unfortunately the Shareholders might have to wait until the 10k is filed. Scam is rough- misguided decisions are more likely. But the K will certainly be telling.
wake up - with all due respect wake up. 1 billion shares and more have been issued. More coming. Keep buying DIvest. Keep Buying. RAH RAH
In August 2019, we authorized the issuance of up to $1.25 million in principal amount of new convertible promissory notes (which we refer to as the “2019 Fixed Rate Convertible Notes”). The 2019 Fixed Rate Convertible Notes are secured by certain Company real estate holdings. As of March 31, 2020, $832,000 of 2019 Fixed Rate Convertible Notes were outstanding. Their real estate holdings are worth less than half that . They will all get converted to stock like the rest of their fixed converts.
Wait for these to hit - As of June 30, 2019, we had $256,500 of previously issued variable rate convertible notes outstanding (“Variable Rate Convertible Notes”). During the nine months ended March 31, 2020, we also issued $1,078,862 of convertible notes to third parties with variable conversion rates (“2019 Variable Rate Convertible Notes”). The 2019 Variable Rate Convertible Notes mature at various dates between September 2020 and June 2021. We received approximately, net of financing costs incurred, $960,000 in cash from the issuance of these notes. These 2019 Variable Rate Convertible Notes have interest accruing at rates ranging between 10% - 12%. These notes issued to third parties have a variable conversion rate based on the price of the Company’s common stock. None of the 2019 Variable Rate Convertible Notes have been converted into shares of common stock.
This one worries us badly. At March 31, 2020, $835,737 of the 2019 Variable Rate Convertible Notes were convertible into common stock beginning in the quarter ending June 30, 2020. Subsequent to March 31, 2020, we repaid outstanding principal amount of $335,000, plus accrued interest and prepayment penalties, under these 2019 Variable Rate Convertible Notes.
Certain of the 2019 Variable Rate Convertible Notes have maturity dates prior to March 31, 2021 and could be classified as a current liability. However, it is the Company’s expectation that we will either re-finance these convertible notes to longer terms, pay off such amounts with the proceeds of long-term financing, or permit a limited amount of conversions. Therefore, we have classified these notes as noncurrent. If we do not re-finance these convertible notes to longer terms, however, the holders of the convertible notes have the option to convert these notes into equity or hold the convertible notes to maturity. Dangerous - permitting conversions
Very Interesting - During the year ended June 30, 2019, we issued $29,250 of convertible notes to our majority stockholder in exchange for 7,450,000 shares of our common stock.
any profits will go to pay these off - Beginning in the quarter ended June 30, 2019, we entered into a series of credit financing arrangements from financing institutions by pledging future accounts receivable. The proceeds from these credit agreements were used to pay the initial amount due under the Schreiber settlement agreement. As of June 30, 2019, we had drawn approximately $153,000 under these agreements. During the nine month period ended March 31, 2020, additional draws of approximately $116,000 occurred and payments of approximately $76,000 were made. As of March 31, 2020, approximately $174,000 remained outstanding on these loans
On March 12, 2019, we obtained a $180,000 real estate loan from a financial institution. The note matured on April 1, 2020 and was extended to August 1, 2020. This real estate note is secured by certain real estate property and the personal guarantee of an officer and director of the Company. Interest only is payable monthly and accrues at an interest rate of 12%. look at this carefully
They announced 400k payment for litigation- How did they raise that money? You will see in the 10k
7.
LONG-TERM DEBT, DEBENTURES AND LINES OF CREDIT
On November 12, 2015, we acquired certain commercial real estate from a related party that is an entity controlled by a stockholder and officer of the Company for $480,000 consisting of $75,000 of land costs and $405,000 of buildings and improvements. The purchase price was paid through the assumption by the Company of $265,000 of long-term bank indebtedness (which we refer to below as “Note”) plus the issuance of 215 shares of the Company’s newly designated Series A Preferred Stock. The purchase price also included the cost of specific security improvements requested by the lessee.
The Note is dated November 13, 2015 and has a principal amount of $265,000. Monthly payments under the Note are $1,962 including interest accruing at a rate of 5.95% per annum. The Note matures in June 2021 and is secured by the commercial real estate, guarantees by the Company and its real estate subsidiary and the personal guarantee of a stockholder who is also an officer of the Company.
In March 2016, we authorized the issuance of up to $1 million in principal amount of convertible promissory notes (which we refer to as the “Fixed Rate Convertible Notes”). The Fixed Rate Convertible Notes are secured by certain Company real estate holdings.
The 2016 Fixed Rate Convertible Notes mature on March 15, 2021, the fifth anniversary of the date of issuance and are convertible into shares of our common stock at a price of $0.015 per share. Interest accrues at a rate of 5% per annum and is payable semi-annually. The Company has the option to issue a notice of its intent to redeem, for cash, an amount equal to the sum of (a) 120% of the then outstanding principal balance, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the Fixed Rate Convertible Notes. The Company may only issue the notice of its intent to redeem the Fixed Rate Convertible Notes if the trading average of the Company’s common stock equals or exceeds 300% of the conversion price during each of the five business days immediately preceding the date of the notice of intent to redeem. Holders of Fixed Rate Convertible Notes have the right to convert all or any portion of the Fixed Rate Convertible Notes at the conversion price at any time prior to redemption.
During the year ended June 30, 2019, concurrent with the execution of the Exchange Agreement more fully described in Note 9, holders of $515,247 aggregate principal amount of the Company’s 5% convertible promissory notes (“Notes”), including accrued interest, converted their Notes into 103,132,226 shares of Common Stock. During the nine month period ended March 31, 2020, $17,480 of Notes were converted by the holders into 1,165,314 shares of Common Stock. At March 31, 2020, there was one remaining 2016 Fixed Rate Convertible Note outstanding with principal and accrued interest of $61,037. This one remaining 2016 Fixed Rate Convertible Note (plus accrued interest) is convertible into our common stock at a conversion rate of $0.015 per share or 4,069,118 shares. During the nine month period ended March 31, 2020 and 2019, we paid-in-kind approximately $2,000 and $23,000, respectively, of interest on these convertible notes.
17
In August 2019, we authorized the issuance of up to $1.25 million in principal amount of new convertible promissory notes (which we refer to as the “2019 Fixed Rate Convertible Notes”). The 2019 Fixed Rate Convertible Notes are secured by certain Company real estate holdings. As of March 31, 2020, $832,000 of 2019 Fixed Rate Convertible Notes were outstanding.
The 2019 Fixed Rate Convertible Notes mature on the fifth anniversary of the date of issuance and are convertible into shares of our common stock at a price of $0.015 per share and include 25% warrant coverage at $0.01 per share (which we refer to as the “2019 Warrants”). Interest accrues at a rate of 7% per annum and is payable semi-annually. The Company has the option to issue a notice of its intent to redeem, for cash, an amount equal to the sum of (a) 120% of the then outstanding principal balance, (b) accrued but unpaid interest and (c) all liquidated damages and other amounts due in respect of the 2019 Fixed Rate Convertible Notes. The Company may only issue the notice of its intent to redeem the 2019 Fixed Rate Convertible Notes if the trading average of the Company’s common stock equals or exceeds 300% of the conversion price during each of the five business days immediately preceding the date of the notice of intent to redeem. The holder of the 2019 Fixed Rate Convertible Notes has the right to convert all or any portion of the 2019 Fixed Rate Convertible Notes at the conversion price at any time prior to redemption.
18
As of June 30, 2019, we had $256,500 of previously issued variable rate convertible notes outstanding (“Variable Rate Convertible Notes”). During the nine months ended March 31, 2020, we also issued $1,078,862 of convertible notes to third parties with variable conversion rates (“2019 Variable Rate Convertible Notes”). The 2019 Variable Rate Convertible Notes mature at various dates between September 2020 and June 2021. We received approximately, net of financing costs incurred, $960,000 in cash from the issuance of these notes. These 2019 Variable Rate Convertible Notes have interest accruing at rates ranging between 10% - 12%. These notes issued to third parties have a variable conversion rate based on the price of the Company’s common stock. None of the 2019 Variable Rate Convertible Notes have been converted into shares of common stock.
During the nine months ended March 31, 2020, we repaid $458,375 of Variable Rate Convertible Notes and 2019 Variable Rate Convertible Notes. Upon the retirement of these notes, the Company may also have to pay a prepayment amount in excess of the outstanding balance of principal and accrued interest. Such prepayment amounts totaled $129,338 for the nine months ended March 31, 2020 and have been recorded as a loss on extinguishment of debt in the accompanying consolidated statements of operations. $56,775 of these payments occurred during the six months ended December 31, 2019 and was previously recorded as interest expense; such amounts were reclassified to loss on extinguishment of debt in the quarter ended March 31, 2020. In the quarter ended September 30, 2019, we recognized a gain of $44,527 on the extinguishment of certain fixed rate convertible notes.
At March 31, 2020, $835,737 of the 2019 Variable Rate Convertible Notes were convertible into common stock beginning in the quarter ending June 30, 2020. Subsequent to March 31, 2020, we repaid outstanding principal amount of $335,000, plus accrued interest and prepayment penalties, under these 2019 Variable Rate Convertible Notes.
Certain of the 2019 Variable Rate Convertible Notes have maturity dates prior to March 31, 2021 and could be classified as a current liability. However, it is the Company’s expectation that we will either re-finance these convertible notes to longer terms, pay off such amounts with the proceeds of long-term financing, or permit a limited amount of conversions. Therefore, we have classified these notes as noncurrent. If we do not re-finance these convertible notes to longer terms, however, the holders of the convertible notes have the option to convert these notes into equity or hold the convertible notes to maturity.
During the year ended June 30, 2019, we issued $29,250 of convertible notes to our majority stockholder in exchange for 7,450,000 shares of our common stock.
In February 2018, we obtained a $100,000 line of credit from a bank. The line of credit was collateralized by a $100,000 certificate of deposit at the bank. The interest rate on the line of credit was 7.0% per annum. During the quarter ended March 31, 2020, proceeds from the certificate of deposit were used to repay the outstanding balance under the line of credit plus accrued interest.
On March 12, 2019, we obtained a $180,000 real estate loan from a financial institution. The note matured on April 1, 2020 and was extended to August 1, 2020. This real estate note is secured by certain real estate property and the personal guarantee of an officer and director of the Company. Interest only is payable monthly and accrues at an interest rate of 12%.
Beginning in the quarter ended June 30, 2019, we entered into a series of credit financing arrangements from financing institutions by pledging future accounts receivable. The proceeds from these credit agreements were used to pay the initial amount due under the Schreiber settlement agreement. As of June 30, 2019, we had drawn approximately $153,000 under these agreements. During the nine month period ended March 31, 2020, additional draws of approximately $116,000 occurred and payments of approximately $76,000 were made. As of March 31, 2020, approximately $174,000 remained outstanding on these loans.
Its all in the last 10q
Call the Company and beg them to put an 8k to show you all their dilution . Get on your knees and beg them for Transparency. Or wait 43 days and see it all in their 10k . We believe the company can't avoid massive dilution. watch the authorized shares being increased or a reverse stock split. Those will be your 2 major telltales.
Not to worry - feels like the Company is doing exactly that. Where is the 8k BOD?
We need an 8k Granrok to let all the shareholders see what this company is in the middle of right now. It feels so like all the other dilutive actions that have been done. 350 million shares to what we believe is 1.5 billion plus and counting. Jelly- How low is low?
Dilution and No Transparency is a very very bad combination. Show the Investors an 8k or a Shareholder meeting . Let them know how you are raising capital for marketing, debt reduction. BOD- Do your job. It's time this mgmt team and BOD started acting Transparent. No more hiding the ball, burying information in 10k's. Raising money is material. Put it out, take your medicine and let this Dog Hunt. 43 days to that almighty 10k.
What happened with this company?
44 days to the 10k - We are sure they will wait until the last day. That is when the real peeling starts .
RAH RAH no 8k today ? too bad they just don't get all the info out to the shareholders . This BOD better step up soon. Down Volume = DILUTION. anyway u look . Transparency= Let this dog hunt