28 Sept 2022late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Aug 2022auditor change▼ BadMajor
Auditor MaloneBailey resigned on July 28, 2022, only about 19 months after being hired. The company says it is delinquent on its annual report for the year ended June 30, 2021 and on quarterly reports through March 31, 2022, and has announced no timetable to catch up. It says it continuously weighs the cost and benefit of staying a public OTC-Pink company and would strongly consider re-engaging MaloneBailey once it sets a timetable. No disagreements with the auditor were reported. For shareholders, no current audited financials are available.
13 May 2022late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
1 Apr 2022material agreement● Neutral
On March 30, 2022 RedHawk announced it agreed to offer vacuum blood collection tubes for sale, which are also used to transport COVID-19 test specimens. The filing is mostly a product description and gives no price, quantity, counterparty or revenue figures. This extends the medical products business alongside the February 2022 COVID test kits.
14 Mar 2022asset acquisition disposition● Neutral
On March 9, 2022 RedHawk Land & Hospitality sold its commercial property on Jefferson Street in Lafayette, Louisiana, leased to the 3rd Circuit Court of Appeals, for $450,000 gross. Proceeds paid closing costs, repaid a real estate loan of about $185,000 plus interest, and added working capital. Together with the June 2021 Youngsville sale, this is a second property sold, mostly to retire the loans on it.
23 Feb 2022material agreement● Neutral
On February 21, 2022 RedHawk announced it now offers for sale FDA Emergency Use Authorized COVID-19 lab (PCR) test kits and home antigen test kits. The purchase agreement is subject to inspection, testing and acceptance and can be cancelled on material adverse market changes or if the manufacturer loses its FDA authorization. The filing gives no price, quantity, counterparty name or revenue figure. This adds a new product line to the company's medical products business.
17 Feb 2022material agreement▲ GoodMajor
The Schreiber dispute is settled. After the Louisiana court ordered payments of $101,490.27 (Sept 2021) and $85,035.64 (Jan 2022) and the company appealed to the 5th Circuit, on February 16, 2022 the company agreed to pay Schreiber $150,000 in total ($28,195.56 by wire plus release of the $121,804.44 bond) with mutual broad releases. The company says that, once the court dismisses the case with prejudice, this should end the matter, resolving the interest and attorneys' fees appeal open since 2020.
14 Feb 2022late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
15 Nov 2021late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
29 Sept 2021late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its annual report would be filed late.
25 June 2021asset acquisition disposition● Neutral
On June 24, 2021 RedHawk Land & Hospitality sold its former corporate headquarters on Chemin Metairie Road in Youngsville, Louisiana for $256,000 gross. Proceeds paid closing costs, paid off a $180,000 real estate loan plus interest, and provided working capital. This is one of the company's real estate holdings sold, with the proceeds mainly retiring debt.
25 May 2021quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $30 thousand and a net loss of $446 thousand for the period ended 2021-03-31.
24 May 2021quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $30 thousand and a net loss of $446 thousand for the period ended 2021-03-31.
20 May 2021substantial holder notice● Neutral
JR-HD Enterprises I, LLC, PCG Holdings, Inc, Jeff Ramson disclosed a new substantial RedHawk Holdings Corp. shareholding (9.99% of votes).
18 May 2021late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
22 Feb 2021quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $214 thousand and a net loss of $305 thousand for the period ended 2020-12-31.
16 Feb 2021late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
7 Jan 2021auditor change▼ BadMajor
Auditor Postlethwaite & Netterville resigned on December 31, 2020, and the audit committee hired MaloneBailey on January 4, 2021 for the year ending June 30, 2021. P&N's reports for fiscal 2019 and 2020 carried going-concern doubt, and P&N told the company its internal controls were not adequate to produce reliable financial statements due to previously disclosed material weaknesses. The filing reports no disagreements with P&N. This continues the company's long-running going-concern doubt and its history of auditor changes.
24 Nov 2020quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $447 thousand and a net loss of $402 thousand for the period ended 2020-09-30.
17 Nov 2020late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
5 Nov 2020capital raising announcement▼ BadMajor
On November 4, 2020 RedHawk agreed to buy 122,730,903 common shares from Beechwood Properties in exchange for 1,473 shares of 5% Series A Preferred Stock (stated value $1,133.81 each). Beechwood is solely owned by Chairman/CFO G. Darcy Klug, making this another related-party swap, following the October 2020 Series B exchange. The Series A converts into common at $0.015 after six months and carries 10 votes per underlying common share; completion is expected in the quarter ending December 31, 2020. The company says it wants the shares available for future issuance.
7 Oct 2020capital raising announcement▼ BadMajor
RedHawk agreed on October 6, 2020 to buy 124,849,365 of its own common shares from Beechwood Properties in exchange for 1,000 new shares of 5% Series B Preferred Stock (stated value $1,248.49 each). Beechwood is solely owned and managed by Chairman/CFO G. Darcy Klug, so this is a related-party deal. The Series B converts into common at $0.015 after six months and carries 10 votes per underlying common share; the company says holding the repurchased shares available for future issuance better positions it for growth. The purchase is expected to complete in the quarter ending December 31, 2020. This swaps common stock held by the insider for convertible preferred, and the filing does not say what the preferred would convert into in share terms beyond the formula.
28 Sept 2020late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its annual report would be filed late.
28 Aug 2020debt financing▼ Bad
The Schreiber settlement dispute has resumed: the Louisiana court granted Schreiber's October 2019 motion to enforce the settlement on July 16, 2020, and the company appealed to the 5th Circuit. The company paid the principal of the first $200,000 note on August 13, 2020 and prepaid the second $200,000 note on August 24, 2020, but disputes Schreiber's claims for interest and attorneys' fees, which the appeals court will decide. This partly contradicts the March 2019 settlement being the end of the matter, as amounts beyond principal remain contested.
13 Aug 2020director interest notice● Neutral
RedHawk Holdings Corp. CFO G Darcy Klug converted derivative holdings into 247,580,268 shares.
19 Feb 2020quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $19 thousand and a net loss of $534 thousand for the period ended 2019-12-31.
14 Feb 2020late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
19 Nov 2019quarterly activities report▼ Bad
RedHawk Holdings Corp. reported quarterly revenue of $51 thousand and a net loss of $241 thousand for the period ended 2019-09-30.
15 Nov 2019late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its quarterly report would be filed late.
30 Sept 2019late filing notice▼ Bad
RedHawk Holdings Corp. notified the SEC that its annual report would be filed late.