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Re: Rock Hound post# 22627

Tuesday, 02/05/2019 12:48:38 PM

Tuesday, February 05, 2019 12:48:38 PM

Post# of 24233
I would need to see the 10K (not yet filed) to see how much of those expenses are non-cash (depreciation) to be able to express an opinion for question #1.

As for question number 2 - first mention was in the 10K filed for calendar year 2017 - footnote 27 - subsequent events:

19. Subsequent Events

In January of 2018, we issued 1,475,410 of restricted common shares in the amount of $585,000 to a member of Pelen, LLC towards the purchase of 100% of the member's membership interest in Pelen, LLC. The Company will not become a member of Pelen, LLC until the member has sold the shares for proceeds of at least $585,000. Upon the member's receipt of $585,000 of total proceeds, the Company would obtain a 25% membership interest in Pelen, LLC.


It has been in each filing since then.
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