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
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 12:30:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:58:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:34:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:10:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:08:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:05:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:04:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 08:01:09 PM
- 21Shares Selects Anchorage Digital Bank and BitGo as Custodians for US Spot ETP Product Lineup • GlobeNewswire Inc. • 09/12/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 09:15:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 08:30:20 PM
- BTCS Reports Q2 2024 Results • GlobeNewswire Inc. • 08/20/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:20:24 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:34:49 PM
- 21Shares Integrates Chainlink Proof of Reserve to Increase Transparency of the 21Shares Core Ethereum ETF (CETH) • GlobeNewswire Inc. • 07/29/2024 02:00:00 PM
- 21Shares Expands its US Product Lineup with the Launch of the 21Shares Core Ethereum ETF (CETH) • GlobeNewswire Inc. • 07/23/2024 01:30:00 PM
- BTCS Inc. Launches ChainQ: An AI-Powered Blockchain Analytics Platform • GlobeNewswire Inc. • 07/10/2024 12:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 12:30:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:55:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:05:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/29/2024 09:06:35 PM
- BTCS Inc. Integrates with Forta to Construct Compliant Ethereum Blocks • GlobeNewswire Inc. • 05/29/2024 12:45:00 PM
- BTCS Reports Q1 2024 Results • GlobeNewswire Inc. • 05/15/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:50:35 PM
- BTCS Inc. Welcomes Ashley DeSimone to Its Board of Directors • GlobeNewswire Inc. • 04/18/2024 12:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
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