Hollywall Entertainment Inc (HWAL)

[Kool Aid Man]

Sooo..HWAL & Blackbridge settle their lawsuit...PPS falls lower... which causes me to believe HWAL caved. Otherwise they would be PR'ing the bejeezus out of it.

IMO they knew toxic debt converter Blackbridge Capital LLC would prevail in getting the case thrown out of Florida. Unwilling to keep racking up more legal bills they cut a deal 5 days before their next hearing. No telling what sort of concession HWAL had to give to make this go away and --in their words-- stop the "irreparable damage to shareholders. However, until details of the settlement are posted --if ever-- no one will know for sure.

Court action posted in HWAL v. Blackbridge

05/25/2017 JOINT NOTICE OF SETTLEMENT

05/25/2017 AGREED ORDER CANCELLING THE HEARING ON DEFENDANT'S MOTION TO DISMISS FOR LACK OF JURISDICTION SCHEDULED FOR MAY 30, 2017, AND RELEASING BOND 05/25/17 SSS

No further info available online yet