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Could it be possible for Mr. Klug to get back into the energy business? Oil and Natural gas?
Any possibility Redhawk could get into crypto? They have a Redhawk Financial branch. I hope Marijuana is still in the works!
Company getting cleaned up!
Board got cleaned up, Billy!
IDNG. Wonder if Mr. Klug has any plans to get back in the energy sector?
Share Structure still looks great!
Outstanding Shares
1,401,916,607
03/25/2022
Wow. Awesome! Big haul! We should have a good amount shares accumulated on this board.
Anyone have any thoughts or ideas about when $SNDD will trade again? A month? Months? End of Year?
What we all are patiently waiting for!
Still here?
Still here?
Is Divest or Mankind still around? They had good info. Wonder what happend to them?
The one note is paid!
On March 11, 2022, the Registrant, in exchange for full and complete mutual releases, agreed to repay in full on or before July 9, 2022, all of the outstanding 2020 Fixed Rate Convertible Notes (“Notes”) in principal amount of approximately $518,000 plus approximately $61,000, the amount of interest accrued as of June 30, 2021.
Looks like we have some Jeff Ramson and PCG Advisory stuff to clean up next?
Miss your killer DD, Red!
Maybe i should rephrase that. I have chosen to believe in Mr. Klug's reputation and past success and Miles, General, CodyCo, and the few others here who have vouched for Mr. Klug. As far as the stock goes I am heavily invested and hope it goes to the moon!
It sure has been hard for me to understand what exactly has been going on here that is for sure. Been a roller coaster of emotions for me. Been some red flags and weird things happen. Lots of legal stuff and here we are at .0002 untradeable.
I have been a shareholder here since the Dr. Drew pr. Still here my man! You locked and loaded still?
Golf tournament and crawfish bash TBD! It will happen.
Believe me. Your knowledge and posts have kept me sane through this process if you can believe it!
I will trust the process and would love to meet you and Mr. Klug one day down in Louisiana for some golf and crawfish! I am a high 80's/ 90's player but i enjoy it.
No more personal threats or attacks or false accusations please.
Not gonna deal with any more BS on this board. We have all been through too much. Look at all the so called longs over the years who have come and gone. I am still here! I believe in this little engine and i hope one day this Hawk will fly proud.
I am limited to 20 posts a day here. Arent you guys lucky, ha!. Lets stop this BS now. I am not a paid poster. I am an investor and i have just been trying to bring awareness to this company (unsuccessfully).
Two huge company changing PRs in February last year. Price was skyrocketing to new highs. Investor sentiment was high. People were stoked about the next couple q reports. But they never came. Company went silent after that and we watched the stock drop from .016 to .0002.
It is now up to Mr. Klug and Redhawk to post numbers showing this was an accurate press release.
https://www.prnewswire.com/news-releases/redhawk-announces-new-orders-top-12-0-million-301223186.html
Company virtually went dark publicly after this release.
Believe me. If this thing gets back trading again and we hit the .05 or .10 target i will throw the biggest Crawfish Bash Louisiana has ever seen with Mr. Darcy Klug as the KING of honor.
I still have no clue what to think of this company. I am invested cause of Mr. Klug's past record, ethics, and Miles who used to post here. Those three things i am pretty certain of. Beyond that i dont really know who to trust.
Ah, i see. I have been in this stock and board since 2019. I became aware of this company by Doctor Drew press release. I have done everything in my power to create awareness for this company as well as provide a little information. Every post i make is because i want too. Everything i know about this company is from public info. I have never been to the office, met with anyone in the company, and i certainly do not get paid per post or have a quota. Wish I did. I have done nothing but lost time and money so far. I hope it will be worth it and pay off in the future.
How u mean?
What you thinking about everything, Bull?
Consultant Agreement
On July 19, 2019 (the “Effective Date”), RedHawk and its wholly-owned subsidiary, RedHawk Medical Products & Services, along with other affiliated entities, entered into a Consultant Agreement (“Agreement”) with Drew Pinsky, Inc. f/s/o Dr. Drew Pinsky (“Consultant”), for Consultant to be the exclusive spokesperson for the Company’s Sharps Needle and Destruction Device (“SANDD”) mini™, SANDD Pro™ and any related products and/or accessories (“Products”) for an initial period of two (2) years (“Initial Period”), under the terms and conditions described in the Agreement. At the end of the Initial Period, there shall be an automatic, immediately consecutive two (2) year extension period unless DPI, within 60 days of the expiration of the Initial Period, provides written notice of its intention not to extend the Agreement.
Under the Agreement, the Company agreed to pay Consultant a royalty equal to 3% of the “Net Sales”, as defined in the Agreement, of the Products but in no event will the royalty be less than $3.50 per SANDD mini™ unit sold and $13.50 per SANDD Pro™ unit sold. As of March 31, 2021, approximately $800 of royalties have been paid to the Consultant and an additional $850 of royalties are included in accrued liabilities on the unaudited consolidated balance sheet.
Pursuant to the Agreement, the Company agreed to issue to the Consultant 68,700,000 shares of the Company’s common stock, which was equal to approximately 5% of the Company’s outstanding common stock on a fully diluted basis as of the Effective Date. Further, the Company has agreed to issue to the Consultant, the later of one year after the Effective Date or upon Consultant’s request, an additional 68,700,000 shares of the Company’s common stock, unless Consultant has provided the Company with written notice of its intention not to extend the Initial Period. As of the date of this Quarterly Report on Form 10-Q, the Company has not yet received notice from the Consultant requesting issuance of any of the shares pursuant to the Agreement.
Trying to put the pieces together in all this.
From last q
Plan of Operations
Our plan of operations over the next 12 months is to continue to focus on revenue growth primarily in three business segments of our medical devices - SANDD™, particulate N95 respirators and nitrile examination gloves. We anticipate that we will require a minimum of approximately $750,000 to pursue these revenue growth activities. We anticipate that revenues generated from our sales activities will fund a significant portion of our annual cash requirements. We intend to meet the balance of our cash requirements for the next 12 months through a combination of debt and equity financing through private placements, which may be dilutive to existing stockholders. If we are unsuccessful in obtaining sufficient funds through our capital raising activities, we may review other financing options.
While sales of the SANDD Pro™ to private physicians, nursing homes and assisted living facilities are important, we believe placement of the SANDD Pro™ into hospitals and outpatient centers is critical to the ultimate success of this medical device. However, the cessation of elective surgeries during the pandemic has resulted in severe financial strain on the many medical facilities around the country. To address this adverse financial impact on the nation’s medical facilities, we developed a leasing model for our SANDD Pro™ specifically designed for medical facilities. This new leasing model has been well received by the medical community as it eliminates the hospitals’ need for immediate capital expenditures. We have partnered with a new medical device distributor group who has been instrumental in negotiating the possible placement of more than 50,000 leased SANDD Pro™ needle incineration devices over the next twelve months. They have also arranged on our behalf, for discussions about a possible governmental mandate for using the SANDD Pro™ in hospitals, clinic and private physicians located in a certain United States Territory.
Additionally, we have received significant interest in the Centri Controlled Entry System (“Centri”), our unique, closed cabinet, nominal dose transmission full-body x-ray scanner. We currently anticipate needing approximately $500,000 for future business acquisitions, in the event we move forward with such acquisitions and can come to mutually agreeable terms. We are not currently party to any definitive agreements relating to acquisitions. We intend to meet the balance of our cash requirements for any business acquisitions through a combination of debt and equity financing through private placements, which may be dilutive to existing stockholders. We are uncertain at this time the amount of cash required for the launch of Centri.
From last q
In September 2018, the Company entered into an agreement to acquire the exclusive manufacturing and distribution rights to certain needle incineration intellectual properties for $450,000, plus a broker’s fee of $17,500. Under the terms of the license agreement, the Company has paid $25,000 plus the first of a total twenty scheduled quarterly payments of $21,250. Any remaining payments become immediately payable upon the receipt of final approval by the U.S. Food and Drug Administration (FDA) of devices related to the technology. Additionally, the Company agreed to pay a consulting fee of $1,000 per month for sixty months. The broker’s fee was paid through the issuance of 14 million shares of the Company’s common stock. In 2019, the quarterly payments and the consulting fee were suspended as the Company believes the seller breached the terms of the purchase agreement by, among other things: failing to provide RedHawk with exclusive rights to the intellectual properties and technology, all related inventions, patents, registrations, licenses, applications and contracts, trademarks, copyrights, designs, drawings, patterns, manuals and instructions, mask works, product certifications, computer programs and data, research and engineering work, critical tooling, design drawings, products, inventory, raw materials, molds, molding tools and dies. The prototypes provided were defective, unsafe and failed to work as represented. Further, the Seller misrepresented that it had exclusive rights to the intellectual property being purchased. We initiated and completed the reverse engineering of this needle incineration technology.
From the last q
.OTHER ASSETS
"Our investment in Tower Hotel Fund 2013, LLC (“Hotel Fund”) is recorded at cost. The Hotel Fund owns a resort property in Hawaii. Due to the COVID-19 pandemic, the tourism industry in Hawaii was adversely affected and the resort was temporarily closed from March 2020 to November 2020 and hotel visits and activity continue to generally remain below pre-pandemic activity. The return to previous operating performance of this property and the timing, if it should occur, cannot be estimated at this time. Based on the expected reduction in cash flows and uncertainties related to the Hawaii tourism industry, the Company recorded as of June 30, 2020, an impairment of $130,000 or approximately 50% of our remaining carrying value in this investment. The ultimate amount, if any, we recover from this investment cannot be estimated at this time and may differ from our recorded investment.
We are continuing to pursue the sale of our remaining investment in the Hotel Fund. "
What up Bear?
Whatup Chris?