Imo—SPIN-OFF might be a good possibility. $SNDD is a division of Redhawk Holdings which then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company.
Ask yourself—why do you think almost all of our current Directors have experience with Sales and marketing medical device. Why would a holding company that has diversified subsidiaries only appoint directors with extensive knowledge and experience mainly in the medical device sale and distribution sects????
If this actually goes through as a spin-off, We Shareholders of the parent company will then receive shares from the spin off company in order to compensate for the loss of equity in the original stocks.
Imo, that is the reason why the ticket symbol is SNDD and is not HAWC, as it was originally planned. In fact, the company had initially reserved the symbol HAWC when they initially applied for finra.
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