Saturday, October 29, 2016 3:37:01 PM
The BITCF news was solid and shows that they are tapping into an area within the Marijuana Industry to where they can corner the market. However, although I am taking the risk that they are serious, the market is going to have a hard time taking them serious because of having an Authorized Shares (AS) amount of 21,000,000,000 shares:
http://www.otcmarkets.com/stock/BITCF/profile
Yes... that's 21 Billion for their AS. If the Outstanding Shares (OS) number is current to be the 303,430,272 shares, the market will take them to be very ignorant to not understanding that they need to reduce their AS down to a much more logical number; logically something under a billion would be fair. This is especially within the penny stock world where dilution is the #1 fear existing within the penny stock world.
I'm still here taking the risk because I am hoping that they get this and make the change to reduce their AS down to a more logical number.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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