ACQUIRED SALES CORP. (OTCMKTS:AQSP) Files An 8-K Other EventsItem 8.01 Other Events.
ACQUIRED SALES CORP. (OTCMKTS:AQSP) Files An 8-K Other Events
On March 1, 2017, Aggregated Marketing Platform Inc. (“AMP”), Processing for a Cause Inc. (“PFAC”), and Sports 1 Marketing (“S1M”) terminated the letter of intent dated June 22, 2016 (“LOI”) to be acquired by Acquired Sales Corp. (“Acquired Sales”).
On June 23, 2016, Acquired Sales announced that it had signed the LOI to acquire AMP and PFAC, and a related entity. The LOI was filed as Exhibit 10.33 to an 8-K current report filed with the SEC on June 23, 2016. The June 23, 2016 8-K indicated that “[c]losing of the acquisitions is subject to a number of conditions, including the completion of mutually acceptable due diligence, delivery of audited financial statements, completion of a capital raise of at least $4.5 million, execution of definitive acquisition documents, obtaining necessary third party approvals, and completion of all necessary securities filings. Despite diligent efforts, Acquired Sales has been unable to complete a capital raise of $4.5 million. Accordingly, AMP, PFAC and S1M stated in a letter dated March 1, 2017 that they were terminating the LOI to Paragraph 17 on the basis that they had not received the consideration contemplated in the LOI.
About ACQUIRED SALES CORP. (OTCMKTS:AQSP)
Acquired Sales Corp. is a development-stage company. The Company does not have any industrial services sector operations. The Company is focused on acquiring, and in some cases developing, real estate in the United States, especially real estate that is being used as, or that may be developable as, indoor or outdoor sports facilities, self-storage facilities, manufactured housing communities, recreational vehicle (RV) parks, or apartments/hotels. The Company is also focused on the marijuana industry in the United States and also in Canada. The Company has not generated any revenue from continuing operations. ACQUIRED SALES CORP. (OTCMKTS:AQSP) Recent Trading Information
ACQUIRED SALES CORP. (OTCMKTS:AQSP) closed its last trading session 00.000 at 0.800 with 100 shares trading hands.
Acquired Sales Corp. is a development-stage company. The Company does not have any industrial services sector operations. The Company is focused on acquiring, and in some cases developing, real estate in the United States, especially real estate that is being used as, or that may be developable as, indoor or outdoor sports facilities, self-storage facilities, manufactured housing communities, recreational vehicle (RV) parks, or apartments/hotels. The Company is also focused on the marijuana industry in the United States and also in Canada. The Company has not generated any revenue from continuing operations. ACQUIRED SALES CORP. (OTCMKTS:AQSP) Recent Trading Information
ACQUIRED SALES CORP. (OTCMKTS:AQSP) closed its last trading session 00.000 at 0.800 with 100 shares trading hands.