Replies to post #62284 on RedHawk Holdings Corp (fka SNDD)

[AlwaysRed]

Hey looky look. I was in this stock when they diluted hundreds of millions of shares in days.

1.3 bil current share count:


https://www.otcmarkets.com/stock/OPTI/security


Then after all that dilution look what happened:





Maybe you can dig over there for a minute........

[Divest]

The main problem with this statement is that it is completely, in fact absurdly false. As you correctly suggested back on August 15th, 3 days before it appeared in any public record, Klug was forced to convert his preferred shares into commons. He had to do this in order to be able to satisfy the requirements of his company's escrow agreement with Daniel J Schreiber. Under the escrow agreement Redhawk has absolutely no authority to dilute the 247 million shares currently held in escrow. Here is how Redhawk's attorneys described the situation in court filings dated from August 20th:



Obviously despite your claim that Daniel Schieber is a problem from the past, the reason that Klug converted his preferreds on the 12th was not to start a new round of dilution, but rather to fulfill the obligations imposed by the escrow agreement with Daniel J Schreiber. We should give credit where it's due. Why did the OS increase by 248 million restricted shares this month? Schreiber.