Hawaiian Hospitality Group, Inc. (HHGI)

[RSDS u308]

Here's what happened...they ran up a bunch of debt and couldnt pay it..sounds like their failed restaurant venture..

"Furthermore, the Issuer’s previous management incurred $354,050 in debt. The creditor of this debt
requested that the debt be converted into equity, as the Issuer did not have funds to pay the debt. The
current management, after performing due diligence of the debt and relying upon information provided by
the previous management, allowed the conversion into 20,750,000 unrestricted common stock shares."