Thursday, March 23, 2017 4:29:33 AM
This gives the note holders full control to dump shares if the volume can handle it, and get cash to try, and payback the 32 million in debt from trying to mine bitcoins at the DM facility.
Since BTCS is no longer mining bitcoins, it's sitting there as a shell company promoting the idea blockchain, and waiting for unsuspecting investors to buy in whenever the price of bitcoin goes up, where the noteholders start dumping to get back some of their lost revenues.
This 100 million in warrants, converted to common shares are to be sold at .032/share for 3.2 million with some pr announcement, are note holders accepting pennies on the dollar arrangements before btcs files for bankruptcy.
If the price of bitcoin went up, and difficulty level stayed the same, or the halving did not happen, with the half of bitcoin rewards, BTCS would have had a chance to pay back it's creditors, and become profitable.
Now, has become a trap for investors with the note holders controlling the company who have no will to try something new, and save BTCS.
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
- BTCS Inc. Launches Builder+ to Enhance Ethereum Blockchain Infrastructure • GlobeNewswire Inc. • 02/01/2024 01:35:00 PM
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 10:02:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:59:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:57:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:30:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:06:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:05:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:05:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:01:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:01:37 PM
- 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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