Replies to post #60388 on RedHawk Holdings Corp (fka SNDD)

[Jellyfish]

We are unable to predict the impact of COVID-19 on the Company.
 
In December 2019, a novel strain of coronavirus was reported to have surfaced in Wuhan, China, which has and is continuing to spread throughout the world, including the United States. On March 11, 2020 the World Health Organization characterized the spread of the coronavirus disease (“COVID-19”) as a “pandemic”. The significant reach of COVID-19 has resulted in a widespread public health issue that has and will likely continue to adversely affect the economies worldwide, and could adversely affect our business, results of operations and financial condition, including a decrease in demand for our medical devices. Specifically, we believe sales of our SANDD mini™ needle incineration device to independent school districts may be delayed, postponed or cancelled until schools resume normal operations. Demand for our newly released SANDD Pro™ may be delayed, postponed or cancelled until hospital, clinics and physicians resume normal operations. While we have expanded our portfolio of medical devices offered for sale with an aim to mitigate the expected adverse impact of COVID-19 on our medical device sales, we cannot assure you this plan will be successful. The ultimate extent of the impact of COVID-19 on our business, financial condition, results of operations and cash flows will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity (or lessening thereof) of COVID-19 and actions taken to contain or prevent its further spread, among others. These and other potential impacts of COVID-19 could therefore materially and adversely affect our business, financial condition, results of operations and cash flows. As a result of these uncertainties, we are unable to predict the overall impact on our company at this time. Our senior management will continue to monitor our situation, however, we expect that these factors and others we have yet to experience will materially adversely impact the Company, its business and operations for the foreseeable future.