Hollywall Entertainment seems to be working towards becoming fully reporting and then uplisting is what I am reading in its last press releases
NASHVILLE, TN: December 27, 2017 Hollywall Entertainment, Inc., (HWAL), announces its next stage of re-structuring in preparation to support the continued growth of the company’s operations, expected revenues and banking partnerships.
The Company has furthered its engagement of various legal and accounting professional firms in support of its expected growth and expansion.
HWAL has issued 1,250,000 of common stock to the Company’s existing Employee Stock Option Plan, (ESOP).
The ESOP will enable the company to attract the industry’s finest professionals.
HWAL has restructured its common stock by a reverse of 1400 to 1 which was approved by FINRA and effective on June 26, 2017
Management further announces today the issuance of warrants to its current common stock shareholders. These warrants have been declared and issued in support of the company’s shareholders who hold the long-term vision of the company which allows them the ability should they choose, to dollar cost average their current stock positions to be more in line with the company’s market capitalization. Management maintains the company’s mark cap of $8,020,025 is extremely undervalued and a fraction of the Company’s book value of over $46,000,000.00 in net shareholder equity.
The warrants will be issued to all shareholders of record who exist on the close of business Tuesday, March 27, 2018 and shall be structured as follows:
Each share of common stock owned no later than March 27, 2018, the Shareholder shall be entitled to receive a 3-tiered warrant. The A warrant shall be exercisable for 30 days from the pay date of March 30, 2018 and gives the holder of each share of common the right to buy 3 additional shares of common at $.85 directly from the Company.
The A warrant will exist to exercise for 30 days, and immediately becomes a B warrant that is exercisable for 1 share of additional common shares for every share then owned at an exercise price of $2.00 per share for the period of the next 60 days.
The B warrant right ends and becomes a C warrant right that allows each shareholder of record to purchase an additional share of common for each common share then owned at $5.00 for an additional period of 90 days after expiration of the B warrant period.
Along with the multi-tiered warrants, the Company has created several new Preferred series of equity securities, at least one of which, it envisions will become a totally separate trading security in the marketplace. These will be the vehicles proposed to be used for all fund raising in the future. The Company at this time is considering the possibility of including before year end a total tender offer for all of its currently issued and outstanding common stock.
HWAL will continue to work with the investment banking community and intends to release further detail regarding the structure and timing of the tender offer for all common shares and other anticipated benefits for all its shareholders.
AI
