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Big Brother

09/29/17 8:44 AM

#163 RE: Going2Pot #162

It's intriguing but it's also awful risky, I'd rather buy CRCW which is 100% the real deal.

As far as what the purpose of RM_RK, if I were speculating, looking at the timing of it, I think that Croe may have put those assets in their filings to essentially CYOA, for not disclosing as a 'shell' company. There are many benefits to not being a shell, far more attractive to a merger candidate.

As far as we know, from the filings, those debts were paid months before anyone from The Crypto Company was even onboard. Perhaps when she started lining up the RM, she figured it might be wise to put in some tangible assets, to avoid SEC scrutiny as they started looking into the merger. Thus also giving the potential merger candidate an real asset to do something with if they choose. It was pretty smart if that was the case.

The SEC has been cracking down on RM's heavily. We use to see it all the time in the RM game, sometimes sham companies were put into what would otherwise be considered blank check or development stage companies, to avoid this classification. I remember one sham S1 filer, the company was nothing more than a guy with a hot dog cart....lol.

You can read about it here

http://lawcast.com/2015/09/29/sec-footnote-32-and-sham-s-1-registration-statements/