Reglikedomain industry desk

DigitalTown sells Appointment.com

DigitalTown sells Appointment.com

Firm sold Appointment.com business earlier this month to unknown buyer.

DigitalTown (OTC: DGTW) has sold its Appointment.com business.

The firm disclosed the deal in its 10-Q filed yesterday. The SEC filing reveals little information regarding the transaction that occurred subsequent to quarter end:

“On October 9 2018, the Firm sold its appointment.com division to an arms length third party.”

The domain was transferred to GoDaddy and has Whois privacy.

The 10-Q also provides details on how an investment the firm received in May has fallen as cryptocurrencies have faced headwinds.

Catena Fund One, LP invested $1.659 million in the firm in May in the form of 1.05 million RChain Coins (RHOC), which were valued at $1.58 USD. The firm immediately started selling these coins for cash, but the price of RHOC started falling precipitously. In the second quarter of this year, the firm sold what it had left for $518,181, which was $580,435 lower than the value when the cryptocurrency was received.

The move ended up being smart, though: RHOC right now trades for less than 20 cents.

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