Wednesday, October 12, 2016 11:12:00 AM
Once the share price gets to .0006/share - top end, to .0001/share - low end is where penny pumpers start buying the shares in order to do a pump, and dump.
These pump, and dumps can raise the share price to over .002 to .05/share.
So if BTCS were to give up, most likely, investors who bought in at .0007 would do better than break even.
The conversion price Charles pays back on interest is around .00042/share.
Yet, either way will be the end for BTCS ability to have control over the share price once it goes below .00042/share, and pennyland rules will take over on where the share price goes.
The problem is that if a reverse split is done, it won't be enough for the note holders to get back their millions in debt, and can only pay interest to buy more time with nobody wanting BTCS.
This imaginary equity/money from the reverse split will go directly to the note holders, and since everybody is wise for this type of scam, BTCS will just sit here in a type of twilight zone if nothing is done.
Spondoolies got greedy, where BTCS could not save them, and more or less brought both down.
If a comeback is in the cards, it's going to have to be a package deal, where Charles, and the goals all sound good for investors to want to believe back in Charels for his second coming.
Recent BTCS News
- BTCS Inc. Welcomes Ashley DeSimone to Its Board of Directors • GlobeNewswire Inc. • 04/18/2024 12:30:00 PM
- BTCS Reports 2023 Results • GlobeNewswire Inc. • 03/22/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:01:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/07/2024 12:18:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 12:35:59 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/26/2024 06:49:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 10:00:25 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 02/14/2024 10:04:19 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 10:00:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 01:55:34 PM
- BTCS Issues Shareholder Letter Reflecting on 2023 and Outlook for 2024 • GlobeNewswire Inc. • 01/24/2024 01:55:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 10:09:43 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:30:21 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:01:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 09:30:39 PM
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