SEC Company Response from Sow Good Inc. (SOWG) (CIK 0001490161) (SOWG) — May 18, 2016
Sow Good Inc. (SOWG) (CIK 0001490161)
Date: May 18, 2016 · CIK: 0001490161 · Accession: 0001019687-16-006380
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File numbers found in text: 000-53952
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CORRESP
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filename1.htm
Jill R. Radloff
612.335.7119 DIRECT
612.335.1657 DIRECT FAX
jill.radloff@stinson.com
May 18, 2016
VIA EDGAR
H. Roger Schwall
Division of Corporation Finance U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re:
Black Ridge Oil & Gas, Inc.
Revised Preliminary Information Statement on Schedule 14C
Filed on April 26, 2016
Response materials received on May 13, 2016
Commission File Number 000-53952
Dear Mr. Schwall:
We are filing this letter on behalf of Black
Ridge Oil & Gas, Inc. (the “Company”) in connection with the filing of the Company’s Revised Preliminary
Information Statement on Schedule 14C (the “Information Statement”) with the U.S. Securities and Exchange Commission
(the “Commission”) on April 26, 2016 and response materials submitted via facsimile on May 13, 2016. On May 17, 2016,
the Company received a letter from the staff of the Commission’s Division of Corporation Finance (the “Staff”)
relating to the Information Statement (the “Comment Letter”).
This letter sets forth the response of the
Company to the Comment Letter. Capitalized terms used but not defined herein are given the meaning ascribed to them in the Information
Statement. For ease of reference, we have repeated the comments contained in the Comment Letter in italics.
General
1. Please confirm that you plan to file as correspondence on EDGAR the draft revisions that you submitted to us via facsimile
on May 13, 2016.
We will file as correspondence the response letter
that was submitted via facsimile on May 13, 2016 and file as a PRER14C the revised preliminary information statement with the draft
revisions that were submitted via facsimile on May 13, 2016.
H. Roger Schwall
May 18, 2016
Page 2
Background, Mechanics and Reasons for the Consummation of
the BRHC Transaction
General
2. We have considered your proposed disclosure in this section in response to prior comment 2. We note, in particular, your
discussion of various meetings between the consenting shareholders, certain members of your board and Chambers pertaining to the
BRHC Transaction, as well as “regular” advisement of certain stockholders as to the ongoing nature of negotiations.
We also note that the company prepared and disseminated various summations of the putative terms of the BRHC Transaction to certain
consenting stockholders contemporaneous with the ongoing negotiations. In light of the foregoing, please confirm that the
Schedule 14C contains fully comprehensive disclosures pertaining to the BRHC Transaction, including your discussion of various
iterations of the transaction documents, materials provided to consenting shareholders and interactions between the consenting
shareholders, Chambers and the company in connection therewith. Alternatively, advise as to why you believe any such information
explicitly omitted or not otherwise presented in the information statement is not material to the non-consenting shareholders.
Response
We confirm that the Schedule 14C contains fully comprehensive
disclosures pertaining to the BRHC Transaction, including our discussion of various iterations of the transaction documents, materials
provided to consenting shareholders and interactions between the consenting shareholders, Chambers and the company. Specifically,
the disclosure contained in the Schedule 14C at page 18 identifies the key items that were negotiated as part of the term sheet
discussions with Chambers. These terms were reflected in the draft documents that were provided by Chambers and the summary provided
to consenting stockholders. The iterations of the transaction documents were limited to the open points on the management agreement
which is identified in the Schedule 14C at pages 2 and 19. In addition, as described in the Schedule 14C at pages 2 and 19, the
only materials provided to consenting shareholders consisted of summary of the terms of the transaction, which are also included
in the Schedule 14C. The Schedule 14C also describes interactions between the consenting shareholders, Chambers and the company
which consisted of regular updates centered around the timing of the transaction and when the formal written consent would be needed
as the key terms of the BRHC Transaction did not change from the original term sheet discussions with Chambers. Furthermore, we
believe any additional details of discussions with Chambers or interactions between the consenting shareholders, Chambers and the
company would not be material to the non-consenting shareholders as the terms of the BRHC Transaction are fully disclosed along
with the background of the Company’s financial situation and negotiations with Chambers.
* * * *
H. Roger Schwall
May 18, 2016
Page 3
As requested by the Staff in the Comment
Letter, the Company has authorized us to confirm the following statements on its behalf:
· The Company is responsible for the adequacy and accuracy of the disclosure in the filing;
· Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action
with respect to the filing; and
· The Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the
federal securities laws of the United States.
If you should have any further questions, please do not hesitate
to contact me directly at (612) 335-7119.
Respectfully submitted,
Stinson Leonard Street LLP
/s/ Jill R. Radloff
Jill R. Radloff