Working
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nah, their would an amendment on the Nevada SOS site
What Im asking is would there be an issue for Starkman to assign ownership to one of the execs of crcw. They were intending to use RMRK for a reason before the suspension, and now it seems like their best option given the situation is to utilize the shell as there primary entity. Transfer of assets without a "merger" and just take ownership.
I'm not well versed in the legalities of taking over a public shell.. Just a question.
Question to the board: Why doesnt Starkman just resign/assign control to one of Crypto's principals? The 10q said acquisition, not merger. Is that not possible?
Starkman can't say anything at this point in the process ( good or bad ). Either way, I expect RMRK financials to be updated soon irregardless, because the money was already paid for them.
those are typical ambulance chaser attorneys that poke their head out during stuff like this.. wouldn't take much into it. Gotta wait for a crcw statement. Also read what bala posted and saw that Facebook was a grey sheet stock before uplisting to. gl
hey balamidas, i've been trying to find out the requirements and procedures for a company to get out of grey status. Do you have any insight on it?
both have to be current to merge.. crcw goes to grey sheets making it essentially dead until relisted. sorry but them the facts
crcw will go to straight to the grey sheets where 99% of tickers go to die. If they ever get relisted, and RMRK updates their filings then it be possible for the merger to take place. And if the merger happens, there is no information on what happens to the shareholders of RMRK. Reverse Split is almost a given IMO. Lots of IF's, time and filings.
Hopefully Crypto responds to the suspension in a positive manner ASAP, or this could easily go back to .0001-.0002.
They weren't suspended for stock manipulation.. HUGE difference. Can't compare the two.
362 million dumped - the people buying will use this as an ATM again.. You'll see.
bashing? SEC suspended CRCW to do further investigation. If you think that's a good thing..............uh
Except it was suspended for bad reasons. opps
The Securities and Exchange Commission has temporarily suspended trading in shares of Crypto Co. CRCW, +12.30% citing concerns over "the accuracy and adequacy of information." The concerns center on, among other things, the compensation paid for promotion of the company and statements in SEC filings about the plans of insiders to sell their common shares. "Questions have also arisen concerning potentially manipulative transactions in the company's stock in November 2017 <<<<<<<<<-------- BAD
Not scared? The only reason RMRK is even relevant is because of CRCW, and now the SEC suspended them, which will make any merger or any actions of ANY kind put under a huge microscope. The CE should of given ppl plenty of warning anyways.
This is probably the worst case scenario for both companies.. This thing is f***ed
Temporary might turn indefinite... have fun
uh no
wrong
Moot point considering Crypto has a CE and Rimrock isn't current with filings.
The people behind Redwood are also behind Crypto. Would you advance 100k to a company that already owes you 100k, or would you broker a deal where you could merge with the empty shell IF they would have their filings done before 2018?
EDIT: The change in share structure is a nail in that coffin imo.
Redwood Funds Convertible Note - $100,000 $121,284 $120,758
They were owed over 100k when this went dark. I 100% think they were going to definitely acquire RMRK until numbuts RMRK CEO didn't get the books in order before 2018. Now, it looks like they are going to write it off and move on. Just MO.
i kept a million, so I do have a vested interest. Doesn't change the fact that Crypto is ok with changing their capital formation, and making it more liquid for trading, which basically makes RMRK a turd.
no, today's filing is extremely damaging.
Pfizer and Allergan 150 million breakup fee - happens all the time
I've seen companies pay over 200 million for canceling a merger.. it's relatively a small amount of money, especially when you know that Redwood (part of Crypto team) gifted the money they were owed..
The Board has determined that it is in the Company’s best interests to effect the Stock Split and has considered certain factors including, but not limited to, the following:
(i) current trading price of the Company’s shares of Common Stock on the OTC Pink tier of the OTC Markets Group, Inc. and potential to increase the marketability and liquidity of the Company’s Common Stock;
(ii) desire to meet future requirements of per-share price and net tangible assets and shareholders’ equity relating to admission for trading on other markets; and
(iii) to provide the management of the Company with additional flexibility to issue shares to facilitate future stock acquisitions and financing for the Company.
Dead deal.
Correct. Zero reasons. Dead
100% Dead in the water. There was no other use for RMRK besides liquidity it offered. If you can think of another reason, please enlighten. Dead deal.
The new filing fixes Crypto's stock liquidity issue, which makes their use for RMRK null and void. dead imo
Sold 1/2 yesterday and already sold 10m today.
not very quiet if you're posting it for the entire internet
The information is more important than the amount of people following the website? derp
Zerohedge article basically poops all over the people at Crypto.
http://www.zerohedge.com/news/2017-12-12/crypto-scam-crypto-company-collapses-non-existent-volume
I had 25 million at .0005 and unloaded half of it today. I'm going to unload the other half tomorrow. PPS should be around .0007-8 after.
gl
lul no
gREAT News they went from 0 subscribers to 900. :^D
If they really had 500+ bitcoins they would of shown proof via updated filings. :^) This garbage is littered with bagholders.
so far, everything is in line with a penny corp: missing deadlines, and having a CE stuck on CRCW :$
They'll probably cancel all shares, and do a R/S. I don't see seasoned micro-cap lenders giving away free cookies to the general public. Just my opinion.