First Bitcoin Capital Corp (BITCF)

[JohnCM]

Maybe the transparency of the blockchain assets of BITCF lead them to be concerned that those assets should be booked closer to their market value than their very low historic cost?

Maybe having some of their common shares on the bitcoin blockchain caused them to be concerned that there needed to be more clarity concerning their capital structure?

It is a shame this company was sent to the greys. I do not play ball there.

I see there were two issues. Dividend and assets. Yes, the announcement of issuing dividends can help increase share price. I think this would be the SEC concern, not the actual dividend paid.

But listing the cybercurrancy asset in a financial statement, in my view, was the big "no-no".