Business
HWAL Issues Corporate Transition Update
HWAL Issues Corporate Transition Update.
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"Hollywall Entertainment, Inc. (OTC PINK: HWAL) (\"Hollywall\"), an innovative technology incubation holding company issues current corporate transition update statement to its shareholders.As part of HWAL’s continuing transition and growth plan, several actions are underway or have already been taken, including:HWAL has successfully completed the cancellation and return of 51,082,262 common shares to the treasury, as part of its planned share reduction initiative.HWAL is committed to retiring the company's outstanding convertible debt and implementing a share buyback and retirement plan.Plans to pay a cash dividend to shareholders from company operations and proceeds from the future sale of the Music LibraryEndeavoring to identify one or more suitable merger and/or acquisition candidates.HWAL has completed its first equity swap with CRTD.In preparation for future cash and/or stock dividend distribution and in the effort to mitigate any short selling activities in HWAL’s securities, HWAL is suggesting to all shareholders for them to request all free trading shares of common stock they hold to be transferred out of brokerage accounts to the company’s corporate transfer agent, VStock Transfer and to be held in the shareholders name in book entryRecent Activities by HWALHWAL's subsidiary, Melody Trust LLC (www.melodytrust.com), formed a new record label \"Lunar Records\" (www.lunarrecords.com) in partnership with SpaceBlue (www.spaceblue.club) for the specific curation of the \"Lunaprise Moon Museum.\"This museum was aboard a payload in the SpaceX Falcon 9, which launched from Cape Canaveral, Florida, on February 15, 2024. The Lunar spacecraft named Odysseus successfully landed on the Moon on February 22, 2024, also carrying the Lunaprise Moon Museum.Moon Landing Put Music From Elvis, Bob Marley, Hendrix on Moon Surface (billboard.com)Lunar Records has release its first two digital music compilations titled \"Summer of Love\" on Tune.FM https://tune.fm/@LunarRecordsDecentralized Music Platform Gets Its Hands On Unreleased Hendrix, Marley, and More - Rolling Stone UKAbout Melody TrustMelody Trust, Inc. www.melodytrust.com owns a music catalog consisting of over 17,500 legendary music master recordings performed by legends Icons such as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley,...