Business
Hollywall Entertainment, Inc. Continues Capital Restructure
Hollywall Entertainment, Inc. Continues Capital Restructure.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"\n \n \n Hollywall Entertainment, Inc. Continues Capital Restructure\n \n \nHollywall Entertainment, Inc. Continues Capital Restructure\n \n NASHVILLE, TN--(Marketwired - Oct 16, 2017) - Hollywall Entertainment, Inc. (OTC PINK: HWAL) announces its next stage of re-structuring in preparation to support the continued growth of the company's operations, expected revenues and banking partnerships.\n The Company has furthered its engagement of varies legal and accounting professional firms in support of its expected growth and expansion. \n HWAL has issued 1,250,000 of common stock to the Company's existing Employee Stock Option Plan, (ESOP).\n The ESOP will enable the company to attract the industry's finest professionals.\n HWAL has restructured its common stock by a reverse of 1400 to 1 which was approved by FINRA and effective on June 26, 2017 \n Management further announces today the issuance of warrants to its current common stock shareholders. These warrants have been declared and issued in support of the company's shareholders who hold the long-term vision of the company which allows them the ability should they choose, to dollar cost average their current stock positions to be more in line with the company's market capitalization. Management maintains the company's mark cap of $8,020,025 is extremely undervalued and a fraction of the Company's book value of over $46,000,000.00 in net shareholder equity.\n The warrants will be issued to all Shareholders and will be assignable by the shareholders of record who exist on the close of business Friday, November 20, 2017 and shall be structured as follows: \n \n \n Each share of common stock owned no later than November 20, 2017, the Shareholder shall be entitled to receive a 3-tiered warrant. The A warrant shall be exercisable for 30 days from the pay date of November 20, 2017 and gives the holder of each share of common the right to buy 3 additional shares of common at $.85 directly from the Company. \n \n \n The A warrant will exist to exercise for 30 days, and immediately becomes a B warrant that is exercisable for 1 share of additional common shares for every share then owned at an exercise price of $2.00 per share for the period of the next 60 days. \n \n \n The B warrant right ends and becomes a C warrant right that allows each shareholder of record to purchase an additional...