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Thursday, August 31, 2017 4:57:36 PM
$RMRK has not been verified to be a bitcoin company YET as the acquisition of $RMRK has not been finalized.
An entity called "The Crypto Company" was incorporated in the State of Nevada on March 9, 2017, and according to the 8-K they are "engaged in the business of advising regarding, investing in, trading and developing proprietary source code for digital assets with diversified exposure to digital asset markets. The Company’s core services include consulting and advising companies regarding investment and trading in the digital asset market and investing in a manner that diversifies exposure to the growing class of digital assets."
The Crypto Company entered into a "restricted share purchase agreement" with Croe Inc. which was structured as a reverse acquisition. At this time the paperwork has been filed to begin the name change from Croe Inc to The Crypto Company as well as changing the corporate domicile from Utah to Nevada.
Stated within the 8-K are The Crypto Company investments which ARE linked to the digital currencies.
"Investments are entirely comprised of various cryptocurrencies and are reported at fair value as determined by digital asset market exchanges with realized gains and losses calculated on a trade data basis as the difference between the fair value and cost of cryptocurrencies transferred. The Company recognizes the fair value changes in unrealized appreciation or depreciation on investment through the accompanying statement of operations. As of June 7, 2017, the Company’s investments had a fair value of $544,374. As of June 7, 2017, the Company’s investments include two cryptocurrencies greater than 10% of their total portfolio value, Bitcoin (“BTC”) at 24.67% and Ethereum (“ETH”) at 41.25%."
According to the the pre-paid expenses in the 8-K, an agreement with $RMRK was made on March 27, 2017 to fund up to $300,000 outstanding liabilities. Only $107,000 was advanced to $RMRK leaving a remaining balance of $193,000 once the acquisition has been finalized in the 4th quarter of 2017.
"As of March 27, 2017, the Company agreed to fund up to $300,000 to settle outstanding convertible debt of and accounts payable by and on behalf of Rimrock Gold Corp. (“Rimrock”), for the ultimate acquisition of Rimrock, a currently inactive public company located in Las Vegas, Nevada. The Company expects to consummate the acquisition in the fourth quarter of 2017. For the period from inception to June 7, 2017, the Company advanced $107,000 on behalf of Rimrock to settle the aforementioned liabilities. The advances are included in other assets in the accompanying balance sheet as of June 7, 2017."
To my knowledge $RMRK has NOT been PUMPED by The Crypto company company nor has $RMRK been verified to be debt free as of 08/31/17 however, with the directors and officers involved in The Crypto Company this COULD be the start of something BIG!
The Crypto Company
The Crypto Company Directors and Officers
8-K updated 8/25/2017
Schedule 14C
My opinions are just my opinions and should NOT be used as investment or financial advice. Your financial future is in your own hands so trade with wisdom and NOT emotion. Good luck and happy trading!
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