Replies to post #30338 on Redwood Group International (RDWD)

[Myth]

My thoughts are simple, I have talked to Bickel numerous time years ago, before he took RDWD dark.....they filed a Form 15 on Edgar, and never were heard from again.

He's working, yes, but has no connection to the dead ticker RDWD...

Call the transfer Agent as I did, they haven't heard from him in almost a decade.....

I don't have to think again, I've followed this ticker for almost 15 years....

This is a scam, period, and in due time I will be proven right.

[Myth]

Here's an example of how Bickel is working, but not for the RDWD ticker....and he's been doing it for YEARS !

Dark since 2010.....

https://www.otcmarkets.com/stock/RDWD/disclosure

now look at this, no one finds it odd that they never disclosed this in any filing ? They won't, and never will....the ticker is dead, period.

In March 2016, the Company entered into a consulting agreement with Redwood Group International Limited (“Redwood”). In exchange for its services, Redwood received $5,000 per month in retainer payments and was eligible to receive other fees and warrants, as set forth in the consulting agreement. The initial term of the consulting agreement was 12 months, ending on February 28, 2017, although the term would automatically extend for an additional 12 months unless terminated by either party. On September 29, 2016, the Company executed a letter agreement with Redwood, pursuant to which it issued to Redwood an additional 100,000 shares of Common Stock, subject to Redwood satisfying certain performance thresholds. If Redwood failed to meet such performance thresholds, the agreement provided the Company with an exclusive option to reacquire all or a portion of the shares of Common Stock at $0.00001 per share. On November 15, 2016, the Company and Redwood agreed to terminate the original consulting agreement and entered into a new consulting agreement that was set to expire upon thirty days’ written notice by either party following the successful completion of the Company’s IPO. The new consulting agreement was substantially similar to the prior agreement with respect to fees and warrants due to Redwood, and provided that the Company would pay Redwood a sum of $800,000 and issue Redwood a warrant to acquire 350,000 shares of Common Stock. In May 2017, the Company and Redwood mutually agreed to terminate this agreement. On June 8, 2017, the Company paid a fee of $800,000 to Redwood and issued Redwood a warrant to purchase 350,000 shares of Common Stock, in connection with which the Company cancelled the 100,000 shares of Common Stock it had previously issued pursuant to the September 2016 letter agreement. The warrant to purchase 350,000 shares of Common Stock was valued using the Black-Scholes method resulting in a fair market value of $1.24 million, which was charged to consulting expense for the year ended December 31, 2017. The assumptions used in the valuation included the term of 5 years, the exercise price of $5.00 per share, volatility of 92% and a risk-free interest rate of 1.75%. The fair value of the warrant was recorded as consulting expense during the year ended December 31, 2017.

https://www.sec.gov/Archives/edgar/data/1563568/000156459019003196/adom-10k_20181231.htm