you are again spreading false information on "z" shares
crosby did *not* get his "z" shares in exchange for any of his comics ip, he got them in exchange for forgiving $75,000 in debt (back salary?) that redg owed to him.
only campiti and powell traded their comics ip for "z" shares
robbins and schoof got their "z" shares for a combination of merging their red giant movie company with redg and forgiving $25,000 in debt that redg owed to each of them.
4. STOCK TO BE ISSUED AS SETTLEMENT FOR PAYMENT OF OUTSTANDING INVOICES
On November 8, 2016, our Board of Directors approved several settlements in which we agreed to issue to our directors Chris Crosby, Isen Robbins, and Aimee Schoof 7,500,000; 2,500,000; and 2,500,000 shares of our Series Z Preferred Stock, respectively, in exchange for their respective forgiveness of $75,000.00; $25,000.00, and $25,000.00 in outstanding fees and expenses advanced to the Corporation. By the terms of the settlements, the debts owed to Messrs. Crosby and Isen and Ms. Schoof were extinguished upon approval of the settlement by the board of directors. However, upon the approval of the settlement proposals by the Board of Directors, Messrs. Crosby and Isen and Ms. Schoof each received the right to exercise all rights of Series Z Preferred Share ownership.
The Series Z Preferred shares will be issued to Messrs. Crosby and Isen and Ms. Schoof pursuant to the exemptions from registration set forth in Section 4(a)(2) of the Securities Act of 1933 and regulations promulgated thereunder. The Series Z Preferred shares will be issued to the three recipients as soon as practicable.
5. ENTRY INTO ASSET PURCHASE AGREEMENTS
On November 8, 2016, our Board of Directors approved two asset purchase agreements in which the Company obtained various intellectual properties in exchange for the issuance of Series Z Preferred shares as payment. The sellers of the intellectual properties were our officers and directors, Benny R. Powell and David Campiti, and the Board of Directors approved the issuance to them of 2,500,000 and 7,500,000 Series Z preferred shares, respectively.
The description above of the Asset Purchase Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the agreements filed as Exhibits 10.2 and 10.3 hereto.
Messrs. Powell and Campiti each received the right to exercise all rights of Series Z Preferred Share ownership although the shares have not been issued. The Series Z Preferred shares will be issued to Messrs. Powell and Campiti pursuant to the exemptions from registration set forth in Section 4(a)(2) of the Securities Act of 1933 and regulations promulgated thereunder. The Series Z Preferred shares will be issued to the three recipients as soon as practicable.
source of information : http://app.quotemedia.com/data/downloadFiling?webmasterId=101503&ref=11262642&type=HTML&symbol=REDG&companyName=Red+Giant+Entmt+Inc&formType=8-K&formDescription=Report+of+unscheduled+material+events+or+corporate+changes.&dateFiled=2016-12-02