Ongoing Research and Development
Over the past seven months Great Rock in collaboration with Toronto based development firm HexCode Inc., have been working on the development of a lottery gaming platform and a suite of associated applications. These initiatives represent the most exciting opportunity to date. Management expects to announce more details including launch dates on this in the next few weeks.
Cyberworks Robotic Inc. Acquisition
As previously announced, Great Rock entered into an agreement on September 23, 2015 to acquire all of the shares of Cyberworks Robotics Inc. Due to an intractable shareholder dispute, Great Rock and Cyberworks have amicably agreed to rescind the transaction. Great Rock Development will be canceling 160,000,000 common shares and 400,000 Super Voting Preferred shares representing all the consideration for the acquisition.
As part of the termination, Mr. Vivek Burhanpurkar stepped down as President, CEO and Director. John WIlkes, Great Rock's Director was appointed President and CEO a position he held prior to Mr. Burhanpurkar's appointment.
Financial Reporting/Disclosure & Security Details
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