7 Feb 2017director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 280,400 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Jan 2017director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 169,000 shares at $0.01.
6 Jan 2017director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 300,000 shares at $0.01.
21 Dec 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 650,000 shares.
16 Dec 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 225,000 shares at $0.01.
12 Dec 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 390,000 shares.
15 Nov 2016late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
7 Nov 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 100,000 shares at $0.01.
2 Nov 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 173,500 shares at $0.02.
4 Oct 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 570,000 shares at $0.01.
28 Sept 2016late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its annual report would be filed late.
27 Sept 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 290,000 shares at $0.01.
19 Sept 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 62,500 shares at $0.03.
15 Sept 2016director interest notice● Neutral
RedHawk Holdings Corp. 10%+ owner Daniel J. Schreiber sold 190,000 shares at $0.03.
29 July 2016auditor change● Neutral
On July 25, 2016 the board dismissed its auditor Pannell Kerr Forster (PKF) and engaged Postlethwaite & Netterville (P&N) to audit the fiscal year ended June 30, 2016 and the five-month transition period ended June 30, 2015. The filing says there were no disagreements or reportable events with PKF; PKF's report for the year ended January 31, 2015 carried a qualified going-concern opinion. P&N had earlier audited select financial statements for the November 2015 commercial real estate purchase. This is another change in a long list of auditor changes, and it also shows the company has moved to a June 30 fiscal year end.
25 July 2016securities registration● Neutral
RedHawk Holdings Corp. amended a filing by which it filed notice of an exempt private placement.
23 May 2016quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $10 thousand and a net loss of $642 thousand for the period ended 2016-03-31.
23 May 2016quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $10 thousand and a net loss of $642 thousand for the period ended 2016-03-31.
17 May 2016late filing notice▼ Bad
RedHawk Holdings Corp. amended its notice to the SEC that its quarterly report would be filed late.
16 May 2016late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
13 May 2016securities registration● Neutral
RedHawk Holdings Corp. filed notice of an exempt private placement.
16 Feb 2016quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $5 thousand and a net loss of $38 thousand for the period ended 2015-12-31.
12 Jan 2016substantial holder notice● Neutral
Beechwood Properties, LLC, G. Darcy Klug reported a RedHawk Holdings Corp. shareholding of 310,112,811 shares (56.60% of votes) in a periodic institutional filing.
5 Jan 2016asset acquisition disposition● NeutralMajor
On December 29-31, 2015 the company completed several deals with Beechwood (owned by CFO G. Darcy Klug): 280,000 Towers Hotels Fund 2013 units for 625 Series A shares ($625,000), a Youngsville rental property for 300 Series A shares ($300,000), and about $1.86 million of cash and securities for 1,000 new Series B Preferred shares plus assumption of a Regions Bank line of credit (balance $980,000, matures September 2016). Beechwood also converted its $100,000 line of credit into 100 Series A shares. Separately, the company acquired the Disintegrator needle destruction unit and Carotid Artery Non-Contact Thermometer assets from Big Horse Holdings and Jason Roth for 60,000,000 restricted common shares, subject to product-development milestones. Series B converts after six months at $0.01 per share; the press release says Beechwood owns about 55.8% of the common stock. This continues the move into real estate and medical devices, with heavy dilution potential and related-party concentration.
23 Nov 2015quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $5 thousand and a net loss of $108 thousand for the period ended 2015-09-30.
19 Nov 2015asset acquisition disposition● NeutralMajor
The company created a Series A 5% Convertible Preferred Stock (2,000 shares authorised; convertible after six months at $0.015 per common share; ten votes per common share into which it converts). It bought commercial real estate for $480,000 from Beechwood Properties, an entity controlled by CFO G. Darcy Klug, by assuming a $265,000 bank loan (5.95%, matures June 2021) and issuing 215 Series A shares. It also set up a $100,000 related-party line of credit with Beechwood (5%, due October 31, 2016, convertible into Series A). The quarter to September 30, 2015 showed a net loss of $108,404 versus $46,171 a year earlier. Related-party dealings and the convertible preferred create dilution and conflict-of-interest considerations.
18 Nov 2015substantial holder notice● Neutral
Beechwood Properties, LLC, G. Darcy Klug reported a RedHawk Holdings Corp. shareholding of 141,779,477 shares (37.87% of votes) in a periodic institutional filing.
16 Nov 2015late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
20 Oct 2015capital raising announcement● Neutral
On October 15, 2015 the company sold 5,000,000 common shares to one accredited investor for $50,000 cash ($0.01 per share, calculated from the filing's figures). The new shares dilute existing holders.
19 Aug 2015asset acquisition disposition● NeutralMajor
The company's interests in four Pottawatomie County, Oklahoma wells were assigned to operator Nitro Petroleum for $10, with Nitro taking over all liabilities under the joint operating agreement, including $57,628 of accrued expenses. This completes the exit from oil and gas; the wells were already reported as discontinued operations. A press release reports a net loss of $105,614 for the five months to June 30, 2015, says the name will change to RedHawk Holdings Corp. (symbol HAWC), and describes targeted acquisitions (Lafayette, Louisiana property and an interest in the Naniloa Hilo Resort in Hawaii) that remain subject to due diligence and approvals. David Kleinhandler was appointed a director, unpaid.