RedHawk Holdings Corp (fka SNDD)

[BL28]

Let's discuss Item 2.01 Part 2 of the 8-k dated 12/29/15.

In summation: Beechwood was paid $300K for a property that's appraised at $221K per Zillow, and over the last 10 years, per Zillow's Zestimates, hit a high value of $268K in December of 2012.

On December 31, 2015, the Company acquired certain residential real estate rental property from Beechwood for $300,000, consisting of $35,000 in land costs and $265,000 in buildings and improvements, as evidenced by that certain Act of Sale, dated November 13, 2015, by and between Beechwood and RedHawk Land & Hospitality, LLC (the “Act of Sale”). The purchase price was paid by the Company with the issuance of 300 shares of Series A Preferred Stock and the purchase price was determined by an independent third party appraisal. The Series A Preferred Stock shares were issued in reliance upon an exemption provided by Section 4(a)(2) of the Securities Act. The property bears the municipal address of 219 Chemin Metairie Road, Youngsville, Louisiana 70592 and will be initially used as the Company’s corporate offices.



The above summary of the Act of Sale does not purport to be complete and is qualified in its entirety by the Act of Sale, a copy of which is attached as Exhibit 10.2 to this Current Report on Form 8-K and incorporated herein by reference.

Can someone explain how this helps the shareholders?