GROO 8-K
Groovy Company, Inc. (GROO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
| FORM 8-K |
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 26, 2021
| SANTO MINING CORP. dba SANTO BLOCKCHAIN LABS CORP. (Exact name of registrant as specified in its charter) |
| FLORIDA | 333-169503 | 27-0518586 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1680 MICHIGAN AVE. STE 700-252, MIAMI BEACH, FL 33139
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code 1-877-SANTO68
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| COMMON | SANP | OTCPink |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On May 3, 2021 Santo Mining Corp. dba Santo Blockchain Labs Corp., a Florida corporation (the “Company”), issued a press release (the “Press Release”) announcing its unaudited financial results for its second quarter ended June 30, 2019. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 133 or the Exchange Act except as expressly set forth by specific reference in such a filing.
ITEM 7.01 REGULATION FD DISCLOSURE.
On May 3, 2021 Santo Mining Corp. dba Santo Blockchain Labs Corp., a Florida corporation (the “Company”), posted the second quarter ended June 30, 2019 unaudited financial presentation (the “Presentation”) to its website at www.sanp.us. The Presentation is attached hereto as Exhibit 99.2.
The information in the Press Release and the Presentation is being furnished, not filed, pursuant to Items 2.02 and 7.01. Accordingly, the information in the Press Release and the Presentation will not be incorporated by reference into any registration statement filed by Santo Mining Corp under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
| EXHIBIT NO. | DESCRIPTION |
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| 99.1 | Press Release dated May 3, 2021 |
| 99.2 | Q2 2019 Financial Presentation |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 26, 2021 | SANTO MINING CORP. |
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| By: /s/ Franjose Yglesias |
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| Franjose Yglesias, CEO |
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EXHIBIT 99.1
SANTO MINING CORP., ANNOUNCES FIRST QUARTER 2019 RESULTS
https://www.einpresswire.com/article/540097010/santo-announces-june-quarter-2019-financial-results
HO CHI MINH, VIETNAM / March 2, 2021 / EINPresswire.com/ -- Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK: SANP) today reported financial results for the June quarter of 2019, additionally during this week and next week the company will be announcing its Q3 & YE2019 respectively. Highlights of the June quarter 2019 results are here as follows:
“2019 was a year of building, Santo is accelerating into a recovery phase in 2021, with our roadmap focused on NFTs and our Technology Outsourcing Services. today 2 years later we are in a much better position,” said Frank Yglesias, Santo’s chief executive officer. “Thanks to all our long-term shareholders, employees, and partners that have been on this journey with us. If recovery trends hold, we expect positive cash generation for the September quarter 2021 and see a path to profitability.”
June Quarter 2019 Financial Results;
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| June 30, 2019 | December 31, 2018 |
| Intellectual property |
| $260,000 | $ ---- |
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| Property, Plant, & Equipment |
| $16,983 | $ ---- |
| Accumulated depreciation |
| $2,830 | $ ---- |
| Property, plant and equipment, net accumulated depreciation |
| $14,153 | $ ---- |
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| Total Assets |
| $307,791 | $47,974 |
| Total Liabilities |
| $2,582,030 | $2,506,587 |
| Total Liabilities & Stockholders Deficit |
| $307,791 | $47,974 |
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| Net Income |
| $103,873 | ($664,981) |
Nature of Operations:
The Company was incorporated in the State of Nevada on July 8, 2009 as Santa Pita Corp to operate an internet portal for dentists and patients to access dental information, as well as a teeth-whitening business.
On July 30, 2012 the Company redirected its focus toward precious metal exploration and mining. Mineral exploration began with a mineral claim acquisition agreement (the “Acquisition Agreement”), with GEXPLO, SRL (the “Vendor”) and the Company, whereby the Company agreed to acquire from the Vendor a one hundred percent (100%) interest in a claim (“the Claim”) located in the Dominican Republic. The owner of the Vendor, Alain French, became President, Chief Executive Officer, Secretary, Treasurer and Director on the acquisition closing date. The Company was renamed Santo Mining Corp.
The Company is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end “BaaS” Blockchain-as-a-Service, similar to software-as-a-service, blockchain as a service lets businesses get applications up and running with minimal hassle. This allows higher agility and quicker blockchain adoption. Blockchain applications are becoming more and more desirable, but they can be challenging to set up for smaller businesses or organizations with limited IT resources. A blockchain-as-a- service provider can provide professional assistance in addition to their hosting services. Additionally, the Company develops solutions such as smart digital contracts, non-fungible tokens NFTs, digital to physical assets tokenization, eXetended reality, and IoT internet of things for everyday life.
The Company also has developed a series of digital collectibles NFTs on the Cardano ecosystem https://cardanoscan.io/tokenPolicy/9eac2b2c17009849eb27ef87c0cdf422e187e0a4aec924fd64180f58 named SKULLYS® https://skullys.io/. The Company also operates the only Cardano proof of stake platform that rewards delegators with SKULLYS® NFTs https://skullus.io ADAPOOL Ticker: (SANP) SKULLYS® ADA Network Pool and provides cryptocurrency staking service to potential Cardano (ADA) delegators.
The Company also has three subsidiaries Cathay International LLC, a Florida corporation specializing in administration, logistics, and an Asian to USA interoperability. The second subsidiary is Santo Blockchain Labs Corp. a Wyoming corporation leveraging the blockchain and crypto-asset states laws of the State of Wyoming. The third subsidiary is SAITEC Technology & Development Joint Stock Company https://www.saitec.dev/ in Ho Chi Minh City, Vietnam, where currently it has a team of 15 software engineers for various outsourcing services and its in-house projects. Vietnam is currently known as the Silicon Valley of South Asia.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact included in this presentation are forward-looking statements. These statements relate to analyses and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. These statements also relate to our future prospects, developments, and business strategies. These forward-looking statements may be identified by the use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “will” and similar terms and phrases, including references to assumptions. However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions, or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected or may prove unachievable.
The Company’s business and prospects must be considered in light of the risks, expenses, and difficulties frequently encountered by companies working with new and rapidly evolving technologies such as blockchain. These risks include, but are not limited to, an inability to create a viable product and risks related to the issuance of tokens. The Company cannot assure you that it will succeed in addressing these risks, and our failure to do so could have a material adverse effect on our business, financial condition, results of operations, and prospects. There can be no assurance as to whether or when (if ever) the Company will achieve profitability or liquidity.
The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law.
EXHIBIT 99.2
HTTPS://SANP.US/WP-CONTENT/UPLOADS/DOCUMENTS/Q2-2019-SANP.PDF
CERTIFICATION
I, Franjose Yglesias, certify that:
1.I have reviewed the unaudited comparative condensed consolidated Q2-2019 financials.
2.Based on my knowledge, these unaudited comparative condensed consolidated Q2-2019 financials do not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this unaudited comparative condensed consolidated Q2-2019 financials; and
3.Based on my knowledge, the financial statements and other financial information included or incorporated by reference in this disclosure statement, fairly present, in all material respects, the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
/s/Franjose Yglesias
Franjose Yglesias
Santo Mining Corp.
CEO
Dated: May 26, 2021