$SMCE SMC Entertainment Receives Third Cash Paymen
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https://www.otcmarkets.com/stock/SMCE/news/SM...?id=316904
SMC Entertainment, Inc. ("SMC" or the "Company"
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On March 30, 2021, SMC announced it sold its Wireless Assets to privately-held Wyoming-based Aktiv-Trak Inc. for $600,000 in cash and stock. Upon execution of the purchase agreement, SMC received first cash payment of $27,000. On June 14, 2021, SMC announced it received second cash payment of $55,000. With todays announcement of a third cash payment of $20,000, total cash amount received to-date is $102,000.
SMC will be releasing its second quarter 2021 financial result in the next few days which marks the first full quarter after the closing of 100% acquisition of Spectrum. As a follow up to second quarter results, SMC is planning to provide operational and shareholder updates.
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