January 26, 2022
My original letter opposing the rule change is attached.
Please withdraw my opposition to this proposed rule. We now support the rule change.
Now, if the SEC wants to focus on ways to help the small borrowers like RedHawk, it should not focus on the lending practices of these “Toxic” lenders, instead, in my opinion, the SEC Enforcement should focus stronger on the egregious exit strategies employed by some of these “Toxic” lenders which simply crush the stock price of these small companies while lenders reap outrageous profits at the expense of stockholders. In fact, we can now provide you with an example wherein a lender altered loan documents in order to increase the number of shares issued upon conversion.
Thank you,
G. Darcy Klug
Chairman & Chief Executive Officer
RedHawk Holdings Corp
RedHawk Medical Products & Services
RedHawk Land & Hospitality