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The little retail gets screwed again.
What do the boys and girls have to say about this?
REDHAWK STUCKHOLDER. Ugh.
Maybe we can still trade? "Quotations in Expert Market securities are restricted from public viewing. Only broker-dealers and professional or sophisticated investors are permitted to view quotations in Expert Market securities. Despite the restrictions on who can view quotations, the Expert Market does not impose restrictions on who can trade securities."
So only professionals can trade $SNDD now? Public can't? How exactly does the expert markets work?
Yep. They always seemed to be onestep ahead.
Last question. Can retail still buy and sell $SNDD on Expert Markets?
Where do we go from here and can we get back to pink current? Communication from the company would be nice.
What type of price drop are we looking at for tomorrow?
Lots of questions. Hope someone has answers. Anyone else thoughts would be appreciated.
They file all the legal stuff but no reports? This doesn't make sense.
So our shares are worthless now? Does this become a shell and we just hold on our shares and hope someone else aquires this? What are our options?
Doesnt Mr. Klug have an accounting background? How did he let this get moved to expert market and off Pink OTC? They had plenty of time to get the annual and quarterly report in. Otherwise they file everything.
What happens to this? REDHAWK ANNOUNCES NEW ORDERS TOP $12.0 MILLION
Revenues for Twelve Months Ended December 31, 2020 Increased More Than 1000%
LAFAYETTE, LA -- February 5, 2021 -- InvestorsHub NewsWire -- RedHawk Holdings Corp. (OTC: SNDD) ("RedHawk" or the "Company"), a diversified holding company primarily engaged in sales and distribution of medical devices and certain personal protection equipment, announced today gross revenues for the twelve month period ended December 31, 2020 were approximately $2.0 million, an increase of approximately $1.8 million over the comparable twelve month period ended December 31, 2019. Net revenues were approximately $1.7 million, more than 1000% higher than net revenues for the comparable twelve month period ended December 31, 2019. The Company's fiscal year end is June 30, and, therefore, these gross revenues and net revenues represent results from the Company's third and fourth fiscal quarters of the fiscal year ended June 30, 2020 together with the first and second fiscal quarters of the Company's current fiscal year.
The increases in gross revenues and net revenues during the twelve month period ended December 31, 2020 were primarily a result of greater sales of SANDD™, the Company's propriety line of needle incineration medical devices, and certain personal protection equipment. To date, increased sales of our medical products have continued after December 31, 2020. Currently, new orders for future sales of our medical devices and certain personal protection equipment now exceed $12.0 million with further increases possible as order quotations and inquiries appear strong.
Commenting on the projected revenues for the twelve month period ending December 31, 2021, G. Darcy Klug, RedHawk Chairman and Chief Financial Officer, said, "During the three month period ended December 31, 2020, we started the re-alignment our medical device marketing strategy to increase product awareness while meeting the demands of current market conditions and customer demands. Our medical products business unit continues to operate in a challenging workplace environment due to implemented COVID-19 protocols by hospitals, clinics, and other medical offices. Most of our target customers will not schedule in-person appointments with our sales representatives. This change in marketing strategy has been very successful to date and is expected to be fully completed during the three month period ending March 31, 2021."
Anyone have any thoughts and how they let this happen? Are us common shareholders screwed? No more trading till we get back to the OTC? Will we get back to the OTC?
A company pushed down to the Expert Market would be able to apply for relisting on OTC Markets Group once a market maker has filed a new Form 211 with FINRA, and the company has made current public information available. This requires a company to locate a market maker to file a Form 211 on its behalf and, once the form is filed, there is no set timeframe for a re-application approval. When compliance with the amended rule is demonstrated, relisting can occur.
What we have here is a failure to communicate.
Negligent
We are coming up on the 1 year anniversary of the last pr next month
Can we get some reports filed and an 8K other than legal trouble?
Let's Geaux! Need a good week here. Maybe some news?
Redhawk Strong
Ok great!
Someone said we have less than 45 days to file. Anyone else know what the deadline is to file before in danger of delist? Is that a possibility?
Anyone know how many more days they have left to file?
You have lost hope?
MA 100 at .0038
$SNDD 50 DMA Support!
HUGE bids at .0034!
1.7 million for sale at .0041
Can we get to .005 this week?
Things looking good!
.004's up! LFG!
BIG bids building! They ain't getting whacked either.
$SNDD .0039! Up 8.33%
Hopefully this past drama of Schreiber/Butters goes away. Whatever it is i don't and have never really understood it. People say Klug is an honest businessman and his history shows. We just need to get down to business and away from BS.
Item 8.01Other Events.
The Registrant has concluded a twelve-month investigation into numerous false and misleading statements about the Registrant posted on the InvestorHub (“Ihub”), a social media website forum for investors to gather and share accurate insights and discussions about market information. These false statements posted under pseudonyms and appear to be deliberate attempts to adversely influence the Registrant’s stock price.
The Registrant announced today that it has now engaged litigation and securities counsel and expects file multiple “John Doe” lawsuits alleging, but not limited to, securities fraud and tortious interference with the Registrant’s business.
Item 8.01
Other Events.
On September 23, 2021, the United States District Court for the Eastern District of Louisiana (the “Louisiana Court”) under Civil Action No. 2:17-cv-819-B(3) (the “Litigation”) granted the defendants’ motion to enforce the settlement agreement entered into between the Company and the defendants, Daniel J. Schreiber and the Daniel J. Schreiber Living Trust – Dtd 2/08/95. The Louisiana Court ordered the Company to pay the defendants the amount of $101,490.27, representing its calculation of contractual interest in the amount of 18% of the outstanding principal balance of the two promissory notes issued pursuant to the settlement agreement until paid, plus certain reasonable attorneys’ fees and costs incurred.
The defendant trust has since filed a motion for attorneys’ fees and costs seeking an additional $81,189.64 in attorneys’ fees. The Company has filed an opposition to that motion, which is still pending.
The Company believes the Louisiana Court’s ruling was in error. On October 15, 2021, the Company filed a Motion for Reconsideration asking the Louisiana Court to reconsider its ruling. On November 4, 2021, the Company filed a consent Motion to Stay Execution of the Louisiana Court’s judgment pending either resolution of that motion, settlement between the parties, or if neither of those avenues prevails, appeal to the United States Fifth Circuit of Appeals. On November 12, 2021, the Louisiana Court granted the Company’s Motion to Stay Execution of its judgment provided the Company posted a supersedeas bond in the amount of $121,804.44. On November 17, 2021, the Company posted the supersedeas bond in that amount from available working capital to stay the enforcement of the Louisiana Court’s judgment pursuant to the Louisiana Court’s order.