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You're lucky then if you are in the market for shares, they may be scarce.
D_DOG
Hey it's all FAKE don't cha know....LOL
Best of Luck
D_DOG
And ????
D_DOG
Valid point but like I previously stated 10 days and there should be guidance from the
court once the Diversity Jurisdiction Disclosure is given by the defendant “naming or
identifying the citizenship of every individual or entity whose citizenship is attributed
to that party or intervenor.”
https://www.lawd.uscourts.gov/news/diversity-jurisdiction-disclosure-requirement-frcp-71-updated
D_DOG
Nice summary of info, I guess this is just one of those things that have to play out and it will based on the courts timeline
Exhibit B: The Letter of Attestation from Jennifer Opoku-Asare of Asare Law Firm, LLC addressed to Red Hawk Medical, dated June 3, 2021, representing the availability of funds in the amount of $24,400,000,000.00 "for the purchase of the authentic PPE Product for the sale, supply & distribution to Government, FEMA, Federal, State & Private Healthcare, 1st Responders, Medical Workers, Federal Employees, and or other Non-Retail users and its affiliates."
In the Sales and Purchase Agreement, the parties agreed that in the event of a dispute resulting in legal action, "the prevailing Party will be entitled to costs associated with resolving the dispute, including, but not limited to, any reasonable attorneys’ fees."
I like the odds for Redhawk based on the concise information listed in the case documents.
Looks like Sept. 8th will be day that N95 Shield will be making a statement about this case.
10 days in the scheme of things is deff a short time at this point and based on the daily judicial
interest @ $8,004.79/daily @ 6.5%/year I doubt they care if it takes longer.
(I was figuring on the low side at $5,200)
31 days is almost a quarter of a million dollars in additional judicial interest
Take as long as they want, they have over $24 billion in assets to pick away at.
D_DOG
Here's my take on that "FAKE" binding arbitration hearing that some are in denial about.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172466553
I guess time will clear this issue up at some point.
D_DOG
Interesting that you mentioned that, from what I've learned so far is Redhawks
8K's are not fake, I believe there are some hefty legal consequences for putting
out fake 8K's.
https://www.law.cornell.edu/uscode/text/18/1038
D_DOG
OK if you say so it's got to be true.
D_DOG
LG Capital was also a lender to SNDD if my memory is correct. Plus the outcome of that case will have a ripple effect throughout the market.
That's my opinion on the relevance, I guess we'll just have to wait and see if it impacts RedHawk.
D_DOG
The defendant, LG Capital has 8 days to decide if they chose to settle or let the Judge make his ruling. For what's at stake I can see a huge team of lawyers and their paralegals working a lot of overtime.
IT'S CRUNCH TIME....
D_DOG
If history plays out the end of summer push should yield gains for many
stocks, hopefully SNDD will also do the same.
D_DOG
Believe me everyone has that same feeling, one has to remember that the case that
I mentioned today is not by Redhawk, it is the SEC that is the plaintiff so they are
fighting a monumental battle for the common shareholders from many company's.
It's outcome is very important to everyone that has been hurt by TOXIC LENDERS.
They chose to crush many a dream and company through the years to enrich
themselves as a result of their actions.
D_DOG
On another note that's not to say that those involved might just come to the table
to settle before the final judgement is declared, anything can happen...
I've seen a lot of cases settled before the case gets to the final process, so who knows.
Those involved often go the route of not admitting any guilt but settle to get past
the issue once they figure out it would be in their best $$$_interest_$$$ to do so
I think the judge still posts his opinions but the total gravity of the situation is still
not proven in court to its fullest outcome if they do settle.
That's just my thoughts and I'm not a lawyer.
https://i.imgflip.com/1m8l1f.jpg
TICK TOCK
D_DOG
I just used the time of years end as a most likely timeline, it may be sooner but the
complexities of this case will have a HUGE IMPACT ON ALL OF THE TOXIC LENDERS
that have profited through the years by getting MILLIONS UPON MILLIONS of shares
illegally and more often than not crushed the common shareholders in the process.
There is a statute of limitations on just how far they can go back.
He will have a huge impact on that sector of the financial industry so I'd expect him to
take his time and make sure what his final decision is correct and every "i" is dotted and
"t" is crossed so his final decision is just that FINAL.
With that judgement it leaves nothing to be decided except decisions on how to enforce
the judgment, whether to award costs, and or whether to file an appeal if they can find
and grounds to do so, that's a very tough decision to make when a Judge at this level
posts his FINAL DECISION.
$$$_EXTREMELY COSTLY TO THE DEFENDANT_$$$
IMHO
D_DOG
It appears the SEC vs LG Capital case is moving forward, the SEC filed their
RESPONSE in Opposition re26 MOTION to Dismiss / NOTICE OF DEFENDANTS
MOTION TO DISMISS PLAINTIFF SECURITIES AND EXCHANGE COMMISSIONS
COMPLAINT
https://www.pacermonitor.com/public/case/44817771/Securities_and_Exchange_Commission_v_LG_Capital_Funding,_LLC_et_al
It's safe to say that one can expect the GATES to open up even more and bring
forth all kinds of characters soon.
The Judge expects that Amici shall submit their reply, if any, by Friday, September 8, 2023 at 5:00 P.M
That case may be ruled on by years end, it will be:
$$$.PRECEDENT SETTING.$$$
TICK TOCK
D_DOG
I do believe that they were unable to convert due to SNDD being on the Expert Market.
A good possibility that was the plan by design, sure makes sense if you think about it.
D_DOG
My thoughts as well, it's a lot of time and effort put forth just to fail.
NOPE....
I don't see this failing, I see a major success story in the works.
Timely for sure but there must be a reason only known to Darcy.
We can speculate until we're blue in the face but this will be at this PPS until we're not.
D_DOG
Oh my, that sounds terrible...🙂
I'm not as familiar with naked shorting as others here.
If that were the case how would that play out?
D_DOG
Some were re-negotiated to a multi-year repayment arrangement, the company
can not dilute since we're on the Expert Market, I believe that made those notes
non bearable.
I'd say that stopped the dilution cold.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
In January 2023, the Company re-negotiated the repayment terms (“Revised Repayment Terms”) of the 2020 Fixed Rate Convertible Notes (“Notes”) with the holders of the Notes. As of December 31, 2022, the balance owed under the Notes was approximately $571,068, including accrued interest.
Under the Revised Repayment Terms, the Company agreed to pay the holders of the Notes, in monthly installments, a total of approximately $553,900, including interest, over a period of 4 years with a single balloon payment due at maturity:
Year 1 $ 85,000
Year 2 $ 77,500
Year 3 $ 77,500
Year 4 $ 30,000
At Maturity $283,902
Additionally, the holders of the Notes agreed to waive their rights to convert the Notes into the Company’s common stock unless otherwise mutually agreed to by both the Company and the holders of the Notes.
D_DOG
I'm glad to hear that you were able to convert shares to a ROTH account, that was a great move.
There is nothing I love more than keeping my gains tax free in the future. Also currently the tax savings is a gift being we're at .000001.
Paying tax on a dollar per million shares is super SWEET if one does the conversion now, as long as you're able to wait another 5 years to take the money out.
Best of Luck To All
D_DOG
No one can give a time line for anything here but the one thing that really
intrigues me is that this has gone unanswered.
That alone makes me think that there is more going on here than meets
the eye.
Time Will Tell The Tale Eventually
TICK TOCK
D_DOG
I've been looking into how these cases progress: (RedHawk Holdings
Corp. vs N-95 Shield, and Coastal Group Partners) as always they
operate at a court based time line, meaning everything has to go through
a defined procedure.
Notifications need to be sent out to everyone concerned, defendants,
their lawyers, financial backers and their lawyers, Judges, Judicial
Arbitration and Mediation Services, Inc. (“JAMS”) ETC: back n forth
communication is essential to maintain the controlling law.
Once all the motions and briefs are completed and notifications to each
party are finalized does the 4 day material event notification clause kick in.
This is the best explanation I have come up after talking to friends that
are familiar with how these processes go.
It's a timely process, not as fast as I once thought.
But it is still very much in our favor, the $$$..Judicial Daily Interest is still being accrued..$$$
D_DOG
Yep, guidance and updated 10K's are needed for our next step.
Until then we languish here as you stated "UNTRADEABLE."
D_DOG
Got ya, lets hope we have a sensible crowd that doesn't crush the
PPS, also that the company gives us guidance that paints a picture
of a stock worth holding long term.
D_DOG
RE: "When this product gets over the hump and is known around
the world, hard telling how high this will go"
I do love that statement, and yes decisions will have to be made
based on everyone's situation at that time.
I just wish we didn't have to keep guessing the future of
REDHAWK, it sure looks favorable for the shareholders
based on what we do know. I sure do want to see our
elusive 10K with a few 8K's thrown in for good measure.
D_DOG
I agree to a point, but grouping this with OTC stocks isn't a fair comparison,
this is not a normal OTC stock. The work has been going on for a long
time and much of what a regular OTC company would have to do is,
IMHO>>>>> ALREADY DONE
1. Toxic debt sure seems to have been dealt with...
2. There sure doesn't seem to be dilution like always transpires with an OTC
company, just the opposite in fact. (the 10K should prove this to be a true fact)
3. Expecting a huge windfall from a well written contract that went through binding
arbitration and is going through the final stages of that process of which the
Judgment is not subject to appeal....
DAMN I JUST LOVE THAT FACT:
Almost $50,000,00 US $$$$$ AWARDED
We'll have to let time sort this one out
4. Money from the SEC's legal battle with a toxic lender coming to our coffers
whenever the commission decides to divvy that up.
So no I don't think this is the same as other OTC companies that go through
the 3 year phase that you mentioned but you're right about how long they
often play out on the OTC.
This is an enigma that will play out before our very eyes.
D_DOG
No one is guaranteed a tomorrow and not having the necessary plans in place
beforehand can cause so much turmoil on a family if it is not pre set beforehand.
Taxes along with probate will eat much of your gains and feed the over paid system
known as our government. Their bloated, over reaching and redundant bureaucracies
that are ran by lobbyist that all too often fund our elected officials, why are so many of
our elected officials multi millionaires?
The system is broken:
Like George Carlin once said: "It's A BIG Club & You And I Ain't In It!"
Everyone situation varies so to make a general claim as to what one should
do doesn't fit into everyone's plan. Younger folk hopefully have the option of
going the long route and having the time to make adjustments along the way,
While older investors need to have a more defined plan of having things set
up in trusts and other financial instruments for their loved ones.
The rule of nature states that we're only here for a visit and they need to have
these things in order with the limited time that they have above the ground.
Most children do not have the knowledge required to deal with the rules and
many don't care about having to pay 40% in taxes on money they didn't earn
along with estate, inheritance taxes plus all of the fees charged on money and
property that was already taxed.
It keeps me up way too much when I go to bed not having that all in place already.
D_DOG
I agree, many will exit and yeah the PPS will decline. It all boils down
to the guidance and numbers from the company.
I'd be willing to bet that when we do come back to the market we
will have info in front of us to make those hold or sell decisions.
I think those that do make the decision to sell, well that just may
haunt them for the rest of their lives.
Just a hunch....
D_DOG
At this point I honestly feel that many will sell their shares and that's just
fine. I'm sure that there will be folks there to buy them and I'm also pretty
sure the company may be sitting in the wings to buy back what they
can as well at some point.
Being this started as an OTC stock many of us involved here aren't exactly
Warren Buffet type investors. Many were here for a quick flip and probably
ready to move on to the next trade. There may be a handful that will keep
their shares for future gains but I'm sure there will be many just exiting
stage left and that's fine too.
Again all hypothetical until facts are made available.
D_DOG
That's a lotz of deep thought questions right there.
First n foremost as shareholders we need to know the updated financial data
from the company.
Second we need to know the direction that the company is going to take to bring
this back to the market and only then can anyone make a decision on whether to
hold or sell their shares.
The devil is in the details so until those details become transparent any debate is
only a hypothetical shits n giggles conversation.
I'm a dreamer but I still love numbers and guidance.
I feel that it's real close but it's time for the company to:
$$$..SPEAK..$$$
IMHO
D_DOG
Re: "Darcy seems more than capable"
That is exactly the point of me posting that old article.
It's just that the time so far is just like waiting for the end of the school year way back when.
D_DOG
Just an FYI regarding the case that I mentioned, from my
limited understanding the case went through binding arbitration proceedings on May 21, 2022 through Judicial Arbitration and Mediation Services, Inc. (“JAMS”).
After reading this I asked a friend about it and was told that each party had to agree to terms beforehand and the outcome was final, no appeal available.
(a) The JAMS Comprehensive Arbitration Rules and Procedures ("Rules") govern binding Arbitrations of disputes or claims that are administered by JAMS and in which the Parties agree to use these Rules or, in the absence of such agreement, any disputed claim or counterclaim that exceeds $250,000, not including interest or attorneys' fees, unless other Rules are prescribed.
(b) The Parties shall be deemed to have made these Rules a part of their Arbitration Agreement ("Agreement") whenever they have provided for Arbitration by JAMS under its Comprehensive Rules or for Arbitration by JAMS without specifying any particular JAMS Rules and the disputes or claims meet the criteria of the first paragraph of this Rule.
https://www.jamsadr.com/rules-comprehensive-arbitration/
I'll repeat this again because I love the way it sounds, from the 8K: The Judgment is not subject to appeal.
I'll leave it at that 😏.....
D_DOG
You've peaked my curiosity, how did you arrive at the
2/3 year time frame?
D_DOG
It's deff old news but this is our CEO and this shows his business acumen.
Redhawk Energy Sells Texas-based Business Units For $66.0 Million
http://www.redhawkenergycorp.com/newsroom
D_DOG
From what I gathered so far Redhawk wrote a solid contract with
N-95 Shield who is a member of Coastal Group Partners.
The case is outlined in the last 8K
Read the Arbitration Award, it's good for Redhawk and us as
shareholders.
IMHO
D_DOG
I'll be super stoked once we get current, I just hope it's not
months/years away, that would be CRUSHING..
I've been in the expect the worst fact of life mode for way too
long, I've witnessed more sorrow in my lifetime than I choose
to remember, time for a change.
D_DOG
Yes, having commonality is a $$$.HUGE BENEFIT.$$$ for us....
D_DOG
Paperwork to the defendants should be on it's way soon, Redhawk will need to file
motions to confirm the judgment and probably have to wait for the judge's signature.
I can see the company not being in a huge hurry with this case, with all the time
gone by so far the judicial penalty keeps racking up a lot of $$$$$ until this is cured
by the defendants.
Did I mention that The Judgment is not subject to appeal. <<<..LINK
"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."
I'm sure it was made very clear to both parties, "N-95 Shield, LLC, and
Coastal Group Partners, LLC". during the arbitration hearing held in
Lafayette on February 22, 2023, but at this point it can not be denied. They will then
know with 100% surety about the arbitration judgement along with it's finality
pertaining to their financial obligations in their contract. Arbitration judgments need
to be made "executory" in either State or Federal Court in order to advance to the
collection stage.
Redhawk needs to be as transparent as possible with the defendants during the collection
process.
They will find out that it would have been better if they simply just cured the default
when that was on the table.
D_DOG
BINGO, N-95 Shield is a member of Coastal Group Partners.
A key point to the case I would say...
D_DOG