Why Beechwood Properties Reported Redhawk Holdings Corp Position?

August 4, 2017 - By Nellie Frank

 Why Beechwood Properties Reported Redhawk Holdings Corp Position?

The New Beechwood Properties Holding in Redhawk Holdings Corp

Beechwood Properties reported SC 13D/A form with the SEC for Redhawk Holdings Corp. Access it here: 000149315217008525. As reported by Beechwood Properties, the filler owns 59.26% or 13 shares of the -company.

Redhawk Holdings Corp stake is new for [reportingPerson]. Date of activity: June30, 2017. This shows Beechwood Properties’s positive view for Redhawk Holdings Corp.

Reasons Why Beechwood Properties Bought – Redhawk Holdings Corp Stock

Item4. Purpose of Transaction

TheReporting Persons acquired all reported shares for investment purposes. See also the information disclosed about the Rotelli StockPurchase Agreement, the Settlement Agreement, and the Rachmuth Stock Purchase Agreement in Item 3. Pursuant to the SettlementAgreement and as a condition to the purchase of the Settlement Shares by Beechwood, Mr. Rotelli resigned all of his positionsas an officer, director, employee, consultant or advisor of the Issuer, effective February 4, 2015.

OnFebruary 27, 2015, the Issuer’s board of directors removed Mr. Taylor as chief executive officer of the Issuer and appointedMr. Schreiber as chief executive officer and Mr. Klug as chief financial officer and corporate secretary. On April 20, 2016, bya vote of the majority of the shareholders, Mr. Schreiber was removed as a director of the Issuer. On April 22, 2016, Mr. Klugwas elected Chairman of the Board of the Issuer. Mr. Schreiber resigned as chief executive officer of the Issuer on July 5, 2016.

Asa significant shareholder of the Issuer, Beechwood may, through Mr. Klug, be involved from time to time in discussions or makeproposals or recommendations to the Issuer’s shareholders, board of directors and senior management that could involve actionssuch as those listed in items (a) through (j) of Item 4 of Schedule 13D. As an officer and director of the Issuer, Mr. Klug participatesin deliberations of the Issuer’s senior management that could involve such actions from time to time, and, in keeping withhis fiduciary duty as an officer and director, may make proposals or recommendations to the board of directors that could involvesuch actions from time to time.

CUSIPNo. 45343Y205 SCHEDULE 13D Page 7 of 10 Pages

Atthe present time, the Reporting Persons are in discussions with the Issuer concerning certain corporate changes, including thepossible appointment of additional directors to the board, the authorization of additional shares of common stock and authorizationor designation of preferred stock; and the acquisition of assets in other lines of business through newly formed subsidiariesof the Issuer. The Reporting Persons may, from time to time, acquire additional shares of Common Stock, dispose of some or allof the shares of Common Stock then owned by them, continue to discuss the Issuer’s business, operations or other affairswith the Issuer’s management, board of directors, shareholders, or others and take such other actions as they may deem appropriate.

Exceptas disclosed in the preceding paragraphs and below, as of the date of this filing, the Reporting Persons have no plans or proposalsthat would relate to or would result in any of the actions referred to in items (a) through (j) of Item 4 of Schedule 13D as currentlypromulgated by the Securities and Exchange Commission, specifically: (a) the acquisition of securities of the Issuer or the dispositionof securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involvingthe Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;(d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the numberor term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization ordividend policy of the Issuer; (f) any other material change in the Issuer’s business or corporate structure; (g) changesin the Issuer’s charter, by-laws, or instruments corresponding thereto or other actions that may impede the acquisitionof control of the Issuer by any person; (h) causing any change in the trading market of any class of securities of the Issuer;(i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4)of the Securities Exchange Act of 1934; or (j) any action similar to any of those enumerated above. The Reporting Persons do,however, reserve the right to adopt such plans or proposals in the future subject to compliance with applicable regulatory requirements.

Business Profile

Redhawk Holdings Corp., formerly Independence Energy Corp., is a holding company, which through its subsidiaries, is engaged in sales and distribution of medical devices, sales of branded generic pharmaceutical drugs, commercial real estate investment and leasing, sales of point of entry full-body security systems, and specialized financial services. The Company’s segments include Land & Hospitality, Medical Device & Pharmaceutical, and Other Services. The Land & Hospitality, and Other Services segment units operate in the United States. The Medical Device & Pharmaceutical segment operates in the United Kingdom. The Company, through its medical products business unit, sells WoundClot Surgical-Advanced Bleeding Control, the Disintegrator Insulin Needle Destruction Unit, the Carotid Artery Digital Non-Contact Thermometer and Zonis. The Company’s real estate leasing revenues are generated from a commercial property under a long-term lease.

SEC Form 13D.

It is down 0.00% since August 4, 2016 and is . It has underperformed by 16.70% the S&P500.

Redhawk Holdings Corp., formerly Independence Energy Corp., is a holding company, which through its subsidiaries, is engaged in sales and distribution of medical devices, sales of branded generic pharmaceutical drugs, commercial real estate investment and leasing, sales of point of entry full-body security systems, and specialized financial services. The company has market cap of $2.85 million. The Company’s divisions include Land & Hospitality, Medical Device & Pharmaceutical, and Other Services. It currently has negative earnings. The Land & Hospitality, and Other Services segment units operate in the United States.

More notable recent RedHawk Holdings Corp (OTCMKTS:IDNG) news were published by: Globenewswire.com which released: “RedHawk Announces Second Quarter Results” on March 13, 2017, also Globenewswire.com with their article: “RedHawk Sues Former Executive” published on January 31, 2017, Globenewswire.com published: “RedHawk Reports Third Quarter Earnings” on June 14, 2017. More interesting news about RedHawk Holdings Corp (OTCMKTS:IDNG) were released by: Globenewswire.com and their article: “RedHawk Announces Troubled EcoGen Due Diligence Results” published on May 02, 2017 as well as Globenewswire.com‘s news article titled: “RedHawk Increases Ownership in EcoGen” with publication date: August 02, 2017.

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