Rimrock Gold Corp (RMRK)

[DD_dempsey]

$RMRK-With Merger Deal complete -8 Intriguing Reasons to Do Your DD here

NOTE: This is an update to a DD post about 2 weeks ago - MOST additions/updates are toward the middle and end)

$RMRK - With the OTC heating up in 2023- The key to uncovering diamonds in the rough IMO- is to identify stocks that are current and reporting, undergoing mergers or acquisitions and/or Change of ownership/ management. As always - I find it prudent to start with a few important disclaimers when dealing in the OTC;

1- There are myriad factors that can affect a microcap stock’s ability to realize and then maintain a substantial increase in pps. As the story progresses in real time, the stock’s potential may be affected positively or negatively. Some of these factors can be assessed but quite a few go largely unknown to us, the investing public. It’s best one does as much due diligence as they can on their own —to validate any facts, claims or theories.

2- NO matter how good the DD is or how compelling it may be… ultimately, it’s nothing over time without proper COMPANY EXECUTION.
EXECUTION needs to be timely and effective and examples include but are not limited to; corporate fundamentals or filings, news and material events and/or social media communications. WHEN A COMPANY executes effectively by using the aforementioned; the shareholders and perspective investors are given more information to conduct proper due diligence viz a vis pulbic Disclosures.

SO LET’s grab those mining shovels and get ready to dig deep as we uncover and explore the factors that appear most intriguing with respect to the potential gem $RMRK.

1- THE MISTAKE about Shell Status at OTC MARKETS

One of the factors that can affect a company’s future regulatory requirements is whether they are considered a shell or at a “shell status risk”. As you can see below, the OTC Markets is listing RMRK as a potential shell risk however, it is quite clear from the 5/31/23 filings (2nd pic) that RimRock Gold is NOT a shell, nor has it ever been.



Direct link here - https://www.otcmarkets.com/stock/RMRK/quote

It’s clearly a mistake that RMRK CEO has addressed publicly back in a Feb 2023 tweet below and seems to have officially fixed via the filings submitted a few weeks ago.

https://twitter.com/rimrockgold/status/1635694047581941770?s=21&t=boVoXmARSPGu5SX_zd4TfA


As one can see here in the 5/31 Fillings with OTC Markets …

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933, Rule 12b-2 of the Exchange Act of 1934 and Rule 15c2-11 of the Exchange Act of 1934):
Yes: ? No: ?
Indicate by check mark whether the company’s shell status has changed since the previous reporting period: Yes: ? No: ?

Please see the filings here -

Quarterly Report - OTC Pink Basic Disclosure Guidelines May 31, 2023

It is my opinion, that the OTC should correctly reflect that this stock is not a shell risk and remove the shell risk status in short order. IMO - since the current designation is a mistake - the stock presents a better potential opportunity than it’s currently presumed.

2- Substantial MERGER DEAL closed on 6/30/23 and is currently in the execution phase of Corp/control/admin changes:

As per the last quarterly filings issued 5/31/23 and signed by the CEO on 6/21/23 - the following is written under the section of merger/acquisitions:

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

We have not had any stock splits, stock dividends, recapitalizations, mergers acquisitions, spin-offs or reorganizations in the last 12 months or anticipated, however the Company has signed a Definitive Agreement on December 22, 2022 to acquire BluNutric Group Ltd. The Company is currently working on completing the transaction and we expect the transaction to be completed on or before June 30, 2023 after executing two Extension Agreements.

What seemed pretty obvious to me, is that the CEO was pretty confident the deal with BluNutric Group Ltd. would close and just that quarterly was pretty powerful since it was dated mid June. THE DEAL HAD SEEMED so far along that the CEO felt confident that the parties will continue to iron out whatever might remain to then sign off on the definitive agreement and move to consummate.

A careful review of that deal presents a NON-DILUTIVE merger to RMRK shareholders. BluNutric Group agreed to secure external funding as part of the deal to merge in and the prior extentions would imply that it was RMRK Imo- that was a great sign that the deal moved to consummate.

Please see the 6/30 press release here -

https://www.otcmarkets.com/stock/RMRK/news/Correction-Rimrock-Gold-Corp-Update-on-Agreement-to-Acquire-BluNutric-Group-Ltd?id=406257;


3- The current AS/OS are pushed to max and CEO has stated no reason to Dilute

IMO- this is a huge indicator that BluNutric has established deals in place and has the security of external capital to support its infrastructure. I want to further highlight that the CEO has publicly stated that they will NOT increase the AS/ OS… and this was RECENT- in July 2023. AS shall not be raised to compensate for the Blunutric transaction. Collaborations are already in progress! CEO also made clear that there was no RS fear at all either.

https://twitter.com/rimrockgold/status/1677016620349153292?s=46&t=SUCfhy5cGqR-k9LOKHqHYg

FURTHER -

It would seem to me that if they are so certain this deal is non-dilutive and have been for about 10 months - that is a huge comfort for shareholders and one can even potentially expect that the company will look at alternative methods of reducing the OS - such as share buybacks or share cancellations.

4- The Capital Raise- appears more than $1mil …

A- Pursuant to the Agreement, the Company will acquire 100% of the issued and outstanding shares of BluNutric and its controlling interest in subsidiary, BluNutric Australia Pty Ltd. In consideration, the Company shall issue 400,000 Preferred B shares to BluNutric on closing of the acquisition.

IN THE OLD PRESS- it was clear they needed to raise at least 1 mil to get to closing. They got to closing. So that means A MINIMUM OF. So now how $$ are they really after ? And could that potentially be the hold up here? That would be IMO- a great reason to hold up certain numbers presented to shareholders. Intriguing for sure.
B- In addition, BluNutric shall undertake to raise a minimum financing of $1,000,000 prior to the closing of the acquisition for the development of algae plants in Brisbane, Australia.

C- Upon closing, the Company will appoint additional directors and officers to the Rimrock Gold board including a leading scientist from the University of Queensland, and the Companys Articles of Incorporation shall be amended to change the name from Rimrock Gold Corp to BluNutric Inc.

EXCELLENT validation that in the news the deal went to consummating /closing-‘ they referenced Dr Schenk and the changes soon to be made to articles of incorporation and then eventually - the amended name change.


5- BluNutric appears poised for exceptional growth: 5 year Revenues Forecasted is 120mil.

Upon production commencement, forecasted 5 year revenue aim to reach $120.0 million with $100 million derived from Omega oils sales, and protein/Bio-Mass sales amounting to $20 million.
And these numbers are likely to be updated IMO.

PRODUCTS ARE TARGETED FOR TWO MULTI BILLION DOLLAR INDUSTRIES:

There are two emerging markets that the company intends to sell their products to:

Global Omega Market ($3.8 Billion Size)

Commercial fishing is under huge stress in meeting the demand of Omega fish oils. There is also the huge impact on our oceans, and the accumulated toxins within the products due to food chains and pesticides. This must serve as a warning on what we are consuming and the long term effects of this must be considered. BluNutric comparatively will have lower production costs which allows the company to provide a superior product, at a lower price, with higher margins. Supply is unlimited, controllable, impervious to supply-chain interruptions and infinitely scalable (the exact opposite of fish and krill). The sky is the limit and we aim to make huge waves in this market.

Global Biofertilizer Market ($4.8 Billion Size)

Algae can be successfully used as bio-fertilizers to boost crop growth. Algae is rich in various nutrients that are beneficial for both plants and the soil. These nutrients can help improve the growth and yield of plants. When algae breaks down or decomposes, it releases all the macronutrients and micronutrients it contains into the soil. Algae is rich in potassium which can help enhance root growth and improve the plants drought resistance. A lack of potassium in the soil can cause stunted plant growth and low crop yield. Dried algae can act as a soil humus. It can help bind the soil and increase its water retention capacity. This helps reduce soil loss during the rainy seasons. Dried algae can also help improve soil aeration. Aerated and oxidized soil means the roots can absorb nutrients more easily and grow more vigorously. This is a very lucrative market and one that can provide exceptional revenue.

SEE MORE HERE -


And here -



And the tweet here -
https://twitter.com/rimrockgold/status/1547236362969030656?s=21&t=boVoXmARSPGu5SX_zd4TfA


7- KEY COLLABORATIONS that highlight why the potential for BluNutric success should not be underscored

BluNutric has developed a key strategic collaboration with the University of Queensland (Agriculture and Food Sciences Faculty) and therefore will have the ability to cultivate genetically selected strains of algae at highly profitable aqua farming production sites near Brisbane in Australia. BluNutric plans to set new standards, and uses only naturally selected non-GMO algae strains for the maximization of EPA oil and vegan protein production. BluNutrics algae super strains produce 25 times more protein per acre than soybeans, and nearly 20% more beneficial omega oils than any related strain. Interestingly, the bioavailability of BluNutrics high-concentrated omega-3 oil content (30% EPA) is markedly superior to current market standards such as fish and krill oil.

FURTHER -

BluNutric has a negative carbon footprint, uses alternative forms of energy, does not contaminate the soil, and needs 1/10th of water consumption (i.e. compared to soy cultivations). In addition, BluNutrics algae farming and processing concepts allow for full scalability, as well as time and cost efficiency. The initial farming site will cover a surface of 6 Ha with 12 ponds, expandable to 36 Ha in 5 years.

****Blunutric Scientific Team is 2nd in the World in Agriculture🔥 Executing that plan for Worldwide Success can only makes it easier when we you have the highest calibre of personnel

https://twitter.com/patientwinner87/status/1544727681488633856?s=21&t=boVoXmARSPGu5SX_zd4TfA


IMO- with these changes - we can also notate UPDATED TECHNICALS-

It is my opinion that the Test and rebreak of .001+ pps is coming as the stock continues to update on its merger deal and since there is no dilutive concern - this stock has a great chance to test and break its 52 week high of the company continues to communicate and execute IMO.


UPDATED/ADDED DUE DILIGENCE:

8- FIRM ADDITION OF DR SCHENK to BlueNutric Board.

With the firm addition of Dr Schenk - it would appear that BluNutric and $RMRK are poised to take particular advantage of his 7 patents- a few of which already involve the formation and practical production of algae products sold to consumer.

SEE HERE:



IMO- this is a major development and clear evidence that $RMRK will hace the science and resources capable of generating these revenues.



One can see here that it appears this group and financier wanted to do this deal for years. They have established the proper formation to allow for a for profit entity in the US and well as the established acquisition company in Australia.

AUSTRALIA- in business since 2021-


As one can see above and below- they are both ACTIVE and CURRENT with all vital and related filings. It would make perfect sense that it’s Wyoming since …$RMRK is domiciled in Wyoming.

WYOMING- also 2021- very intrigiing. They knew this deal was going to close.



IN CONCLUSION - it’s very easy to see the many reasons why this Company merger/acquisition is quite compelling and intriguing … and with the chart technicals proving this can bring on higher baselines and price points- it’s worth a perusal of the DD.

FOR the Next DD post -I intend to begin focusing on the current share structure breakdown and the different Preferred Series Shares - what they do- IMO- and what I hope to be potential discovery of who and which investor groups are behind this deal and just how much they intend to raise here externally.