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Tuesday, December 19, 2017 12:10:13 PM
$RMRK-CRCW$ Acquisition in Progress IMO
From The Crypto Company 10Q:
Page 12)
"Pursuant to a Note Purchase Agreement dated as of March 27, 2017 by and between the Company and Rimrock Gold Corp, (“Rimrock”), the Company agreed to fund up to $300,000 to settle outstanding convertible debt of and accounts payable by and on behalf of Rimrock and to pay certain ongoing accounting expenses, for the ultimate acquisition of Rimrock, a public company located in Las Vegas, Nevada with limited operations. The Company expects to consummate the acquisition in 2018 and does not currently have plans for future operations of Rimrock. No definitive agreements have been entered into and no assurance can be given that we will successfully complete and close the proposed acquisition or business combination. For the period from Inception to September 30, 2017, the Company advanced $108,250 on behalf of Rimrock to settle the aforementioned liabilities."
Page 20)
Investing Activities:
"Net cash used in investing activities for the period from inception, March 9, 2017, through September 30, 2017 was $143,577. Net cash was primarily used for an investment of $108,250* in connection with a potential business combination, as well as $1,500* for trademark fees and equipment for $33,827."
*Notes to 10Q:
$108,250 paid towards the Rimrock acquisition + $1500 for trademark fees = $109,750.
The amount of $109,750 is listed on The Crypto Company's Balance Sheet as an asset on page 4 of the CC 10Q.
$RMRK-CRCW$ News soon IMO
http://app.quotemedia.com/data/downloadFiling?webmasterId=101803&ref=11893101&type=HTML&symbol=CRCW&companyName=Crypto+Company+%28The%29&formType=10-Q&formDescription=Quarterly+report+with+a+continuing+view+of+a+company%27s+financial+position&dateFiled=2017-11-14
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