In re Black Cell Technology, Inc.

March 2, 2018SEC CDO CASE NO. 01-18-046IN RE: BLACK CELL TECHNOLOGY, INC., BLACK SANDS CAPITAL, INC., BLACK CELL TECHNOLOGY LIMITED, and KROPSENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.RESOLUTIONThis resolves the Urgent Motion to Lift CDO filed by BLACK CELL TECHNOLOGY, INC. ("BLACK CELL PH"), BLACK SANDS CAPITAL, INC., BLACK CELL TECHNOLOGY LIMITED ("BLACK CELL HK"), and KROPS (collectively "respondents") and the Comment/Opposition on the Urgent Motion to Lift CDO filed by the Commission's ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT ("EIPD"). FACTSOn 11 January 2018, the Commission's Enforcement and Investor Protection Department (EIPD) filed a Motion for Issuance of Cease and Desist Order against (1) BLACK CELL TECHNOLOGY, INC., (2) BLACK SANDS CAPITAL, INC., (3) BLACK CELL TECHNOLOGY LIMITED, and (4) KROPS.On 23 January 2018, the Commission En Banc issued a Cease and Desist Order ("CDO") against (1) BLACK CELL TECHNOLOGY, INC., (2) BLACK SANDS CAPITAL, INC., (3) BLACK CELL TECHNOLOGY LIMITED, and (4) KROPS for "engaging in activities of selling and/or offering for sale securities in the form of KROPS Tokens and/or KropCoins or any others...