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Thursday, May 24, 2018 8:22:02 PM
https://www.sec.gov/cgi-bin/browse-edgar?company=mining+power+group&owner=exclude&action=getcompany
Note 7 – Subsequent Events
On January 31, 2018, the Company completed the sale of the intellectual property assets of Simple Cork, Inc., its wholly-owned subsidiary to Mining Power Group, Inc., a publicly-traded company, (“MPG”), (the “Asset Sale”). As a result, the MPG assumed the responsibility for the development of “Simple Cork™”. Under the terms of the Asset Sale, in return for the assets purchased, MPG is to file a registration statement with the SEC on form S-1 for a distribution of registered shares of its common stock to the shareholders of the Company, and assumed certain outstanding debt of the Company.
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