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Also need less pumpers and cheerleaders and more people actually discussing real benefits of the company, rather than cryptic comments about magical dates when the price will go to $8 in a matter of weeks.
Start having real discussions, and maybe some new investors and new blood will be attracted to the board and company and maybe the volume would go over $500 worth of shares each day.
Whoa.... The Bid Moved Up!
After months of the same old, same old. Nice to see.
Honestly, I don't care if it's chocolate or jewelry or both. As long as something is being sold and revenues are being made, it's all cool. Would be nice to see some financials at some point. Hopefully that'll come in due time.
Seriously? Even with proof?
Unbelievable. Save your breath, Homebrew. Don't worry, it's obvious what's going on here to outsiders, which is why you don't see any new posters or any volume.
So what does everyone think of the 10-q?
With no cash and no products, do they have any choice but to dilute?
By the time the next 10-q appears, we'll see dilution happening. They had to pay for the underwater house and the quasi-timeshare somehow. And the thermometer sales haven't produced more than couch change and lint.
Beechwood and Co are dumping their losing investments from the past on Redhawk, collecting shares at a discount, and will eventually sell at a big profit while Redhawk takes the hit, not them. It's a brilliant plan for them- a horrible plan for the shareholders.
DILUTION IS ALMOST HERE PER 10Q!!!!
No products, no revenues, no worthwhile news, no volume, no chatter, no solid quarterly reports.... Going no where fast.
No revenue.
No products.
No cash.
No price increase.
What's seemingly in the cards is more dilution. Per the 10q.
Don't companies have to have a bid of $4 to be listed?
No discussion of the 10-q, huh?
Though, that's pretty obvious, since all things negative are ignored here.
Just as every disclaimer states....
Past performance is no guarantee of future results.
Guaranteed?
How can that word be used when the company has little to no revenue?
There you go again insulting people and being abrasive. How about having a discussion in a civilized fashion?
Just because a property has a long term lease does not mean the mortgage is being paid. They could be paying less than what Beechwood paid for it.
As we know, Beechwood used to use that as their office. Klug later listed another building (also referred to here as a warehouse, which was also just a house) as his headquarters for IDNG. Where are the offices for Beechwood now?
We do not know the purchase price of the Jefferson St. property. We do not know the mortgage payment. We do not know the terms of the rental agreement.
Why is it ok for you to speculate it's profitable but it's not ok for me to speculate - with solid facts and dd- that it's not profitable?
There is more than one side to every story.
Also, Beechwood bought it in 2008. Renovated it in 2010. Tried to sell it in 2011. Couldn't sell it at their asking price. And then they used it as their office because they probably realized they were losing money on it.
So fast forward to now... Dump it on Redhawk. Not a good investment at this time for Redhawk. Great move by Beechwood. Unfortunately, we're not invested in Beechwood.
Redhawk had to pay for it. While there may be rental income (that's not confined anywhere), it's certainly not covering the cost of the property.
If Beechwood was making money off of it, they never would've sold it to Redhawk.
1118 Jefferson St, Lafayette, LA 70501
The property Beechwood sold to Redhawk....
Has price estimates of $230k to $350k according to a number of real estate websites.
Beechwood attempted to sell it in 2011 for $489k.
The original 2008 purchase price is seemingly unavailable. But based on the market prices in 2008, it was probably much higher than the current value.
Now why would Redhawk want a property like that?
It's a 3br/2ba house that's being rented.
I wonder how much Beechwood received in the sale. I'd be willing to bet it was much higher than current market estimates.
There's a good chance Beechwood dumped an underwater property on Redhawk.
Now why would that be? To maximize profits for Beechwood? To get it off Beechwood's books and eliminate any liability?
Very interesting.
I wonder about the terms and values of the hotel "deal" which just happened.
It's time for members of this board to accept the opinions of others. You don't have to agree with them, you can let them be.
The company is doing nothing good and nothing fast. They have no products producing significant revenue.
Klug may be a smart businessman, but even smart businessmen are in it for themselves. He cannot give out any non-public information. He knows that. So calling him may give the warm and fuzzies since you're talking to a supposed celebrity, but he knows he cannot give you any information that isn't known publicly. He'd be arrested.
It's time for this board to allow both sides of the story, rather than any non-positive comments and commenters being verbally attacked and abused.
Finally- someone making some sense here.
They have no revenue producing products and they're increasing shares outstanding. This thing ain't moving up for a while.
20% increase in shares. Plus preferreds.
For a company with no revenue.
If you think they're all going to Klug, that means all the investments in Redhawk would be coming from Klug. Just as he dumped that house and the vacation club on Redhawk.
To grow, they'll need revenue, not some properties Klug & Co couldn't sell to anyone else. They tried to sell the house and failed. So what do thy do? Dilute, make themselves more money, and hurt the shareholders in the process.
Shares outstanding increase approved 7/31/15.
75,000,000 common shares approved. Fact.
5,000 preferred shares at $1,000 par approved. Fact.
Why can't you address the question instead of ignoring it (and any question) as usual?
I'll ask again: Will there be dilution?
Shares Outstanding were increased. Read the filings. That's fact.
Why? To use shares to pay for assets. And what happens to hose shares over time? They get sold to the market. Dilution. Hurts the existing shareholders.
All facts.
Take your standard response of go away, sell your shares, or whatever delusional tripe your peddling and get real. These are facts. If you don't accept that, maybe you should rethink your life choices.
Amazing how you spun that. It's obvious there will be dilution with the share increase. That's not speculation. That's fact. The paperwork has been filed.
But the fanboys refuse to accept that. The fanboys refuse to acknowledge that.
How can you be so blind?
Why won't you answer questions?
Will there be dilution?
Will there be dilution?
Wait a minute- you told us all before that Klug was going to inject his assets without dilution. You've changed your tune.
What I'm seeing is toxic assets being dumped from personal accounts to Redhawk so Klug & Co. can get more money from them than they're worth.
Well, the cheerleaders need some way to attempt to insult those who are realists on the board. Might as well say they're shorting it over and over and over ad nauseam and never actually address factual information or information which may be contrary to puppy dogs and balloons and smiley faces.
Because buying assets = dilution to shareholders since Redhawk has no revenue and therefore no spending money.
I have to wonder if, like the house Redhawk bought, this is just another dumping of underwater investments into Redhawk to get them off the books of Beechwood and Schreiber etc.
Sell them to Redhawk for some unknown price then later sell the shares they get in return and turn a profit. All the while the shareholders of IDNG get screwed....
Very interesting.
Nice to hear something is on the horizon. Still holding a lot of shares. I'd love to see these profits come to fruition.
Wonde when the dilution will start. I'd imagine Klug and Co. will start issuing themselves new shares to maintain control as they grow the business.
I hope they don't continue to dump underwater properties into Redhawk and actually make some actual investments.
Everything that has been predicted has been wrong thus far.
For example:
- Klug owns a warehouse to distribute products. WRONG. (It's his house.)
- when the 10-K is released, the price is going to skyrocket. WRONG.
- when the 10-q comes out, the price is going to skyrocket. WRONG.
- the stock will never trade under a penny again. WRONG.
- there will be no dilution and Klug will transfer his assets in without diluting shares. WRONG.
All predictions thus far have been purely speculative with no basis in fact. When questioned, no one gives answers, they only tell you to sell your shares and go away or to do your own DD.
IDNG has almost zero revenue and is losing money each quarter.
They sell thermometers. Nothing else.
They bought a house which they overpaid for back in 2008 and couldn't sell in 2011 despite trying multiple times. It's a 3br/2ba house, not a building. Someone is renting it. It's more likely that Klug moved the asset from Beechwood to get it off the books.
Get real here folks.... There are no factual positives going on, only speculation based on Klug's past.
Seems like a few of the cheerleaders have disappeared.
Unfortunately, facts can often get in the way of fantasy.
Hahaha... That's the second time you corrected me on that. The fact of the matter is - It's so preposterous that I can't accept it even happened in the first place.
Of course the stock isn't performing well.
- They have virtually no revenue.
- They have virtually no products.
- They're diluting shares.
- They haven't reported anything positive in quite some time.
- Yes, they're going to change the name - no impact to price.
- Yes, they bought a house. Possibly with an underwater mortgage.
- Yes, they cut expenses... BUT without revenue, they're still losing money.
You can listen to the same people here all day every day... Telling you you can never buy this under a penny again... That it's going to trade for $8 a share... That it's going to be a $300 Million company...
It's all baseless tripe. Notice how quiet they are after the news of the additional shares? Notice how quiet they are after it's trading under a penny again? Where are those telling you how much IDNG is up this year?
They're probably sitting at home not caring since they sold off their shares after the price run up. And they're the ones who incessantly claim that if you say anything negative, you're obviously shorting this stock and you're trying to drag the price down.
Sure seems like the shoe is on the other foot now. Is the pump over, gentlemen?
You think...
You also thought there would be no dilution and no preferred shares.
Once again, something negative comes along and none of the big proponents here accept or acknowledge it. Pure pump style.
That's fine and understood. But...
The point is - shares are being diluted.
News comes out, and the fans go silent.
1. The increase of our authorized shares of common stock from 375,000,000 shares of common stock to 450,000,000 shares of common stock, par value $0.001 per share.
2. The authorization. of up to 5,000 shares of preferred stock with a par value of $1,000.00 per share, which may be issued from time to time in one or more series by our Board of Directors with such powers, designations, preferences, privileges and other terms as may be determined by our Board of Directors.
3. The change of our name to RedHawk Holdings Corp.
More blatant pumping and statements based on zero facts and virtual lap dances for Klug.
Wait... Some are saying to read the filings and others are saying to put the pieces together and don't read the filings. I'm confused.
$385 in revenue. Far more in expenses. The numbers on the 10-I and 10-q are terrible. And without products generating revenue, this company is going nowhere.
What happened?
Crickets?
Due to lack of products and news?
It wasn't from huge sales, as only 220k shares have been traded. Shouldn't be enough to drag the price down this far.