BHPA Inc (BHPA)

[MattyTrader]

The Os is so low there’s no need for a RS. Most of the current OS is restricted. This stock baffles me…. No clue what’s going on…. They’re in crypto space so I remain hopeful something happens at some point beneficial to current shareholders

[wallstreet1231]

Agree, 6 billion to use as a currency which would absolutely dilute investors. Then a reverse split on outstanding shares while the authorized would remain at 6b shares. It’s a cash machine.

[Bearslayer]

Unless you are a large cap company buying this shell, 6BB means dilution then RS to shareholders . There is absolutely no need.
I disagree. But thats just me. It's an odd number so I guess we have to wait and watch. My next level of buying is now low trips for a lotto play.
No trust here.

[wallstreet1231]

That’s correct. Increasing the authorized could make the shell look more attractive. They have secured approval for the 6 billion, authorized are typically not subject to a reverse split, the 950m authorized was too low etc. A potential buyer will look at the 6 billion authorized coupled with the low float and will begin salivating. Appears to be all about marketing the company to sell.

[MattyTrader]

Hopefully for a merger or acquisition… idk… OS and float still very low and haven’t seen much dilution in last year. The recent float increase in OTCM showed up because some restricted became unrestricted

[Bearslayer]

The 6 BB authorized are different than 6 BB outstanding. That number could be reduced by anyone thru Nevada sos. Question is why was it done at all?

[wallstreet1231]

With 6 billion now authorized who the heck would want the shell, except someone that would want to sell the 6 billion shares.

[Bearslayer]

Ive been saying it for over a year. they robbed the assets. BTC and file coin. It's just a shell. They are turds. We can only hope they find another buyer.

[wallstreet1231]

Doubt it will stay low, why else increase the authorized to 6 billion.

Now for the float:

OTC reports it as 37m.
Bhpa in the 1/31/2024 quarter ending to be 14m.

Pick a number, any number.

[MattyTrader]

Yeah I’m not impressed but the float is still very low

[wallstreet1231]

Looks shady to me.

[wallstreet1231]

I am done. The bullshit quarter is a joke. I still don’t think they have the float stated correctly. And the authorized to 6 billion. That’s a joke. Oh, and it appears they have dissolved the company of any business.

[MattyTrader]

Only thing I can think of is maybe they’ve increased the AS for a merger/acquisition but who knows

[wallstreet1231]

And they will soon learn that investors will sell and move on. Who in the hell do they think are going to buy 6 billion shares. Stupidity.

[MattyTrader]

You giving up here? I just wish these clowns would tell us what they’re up to

[wallstreet1231]

Last ones out turn off the lights. What a POS.

[MattyTrader]

What they plan to do with such an AS raise with a microscopic OS is anyone’s guess and they don’t seem to care about informing us about anything

[MattyTrader]

Yeah… dumps starting now after they were just smacking 008-009s

[wallstreet1231]

This is old data, here is the latest quarterly. Authorized is now 6 billion shares. Lots of changes compared to the share structure you show from the otc - it has changed significantly. FYI.

https://www.otcmarkets.com/otcapi/company/financial-report/391729/content

[MattyTrader]

Hopefully some shareholder updates soon…. Crypto booming but this one hasn’t done anything lately

[Hummingbird2]

BHPA SECURITY DETAILS
Share Structure
Market Cap Market Cap
2,589,627
02/12/2024
Authorized Shares
975,000,000
02/12/2024
Outstanding Shares
344,365,346
02/12/2024
Restricted
306,729,162
02/12/2024
Unrestricted
37,636,184
02/12/2024
Held at DTC
26,110,313
02/12/2024
Float
37,636,184
11/17/2023
Par Value
0.001


https://www.otcmarkets.com/stock/BHPA/security

Anything good coming to BHPA? tia.
Still holding all shares from years ago.

[wallstreet1231]

I like it. Straight shooter.

[Bearslayer]

we are fucked until we aren't.
How's that for spelling it out?




Imo.

[Bearslayer]

Don't know. The DTC shows the following on OTC.

Held at DTC
26,110,313
02/12/2024

the report shows the float as:

Number of shares in the public float:14,743,249 as of date: January 31, 2024

The float should be close to the DTC number give or take a few.. It's way off. The 6BB shares authorized now puts this in scam land. No reason for that change.

IMO.

[wallstreet1231]

Eactly, what a mess. What's your tale for us lonely, and foolish, shareholders?

[Bearslayer]

It's now 6b common. the preferred have been canceled.

On August 16, 2022, the holder of 400,000 shares of Series A preferred stock elected to convert all 400,000 shares of Series A preferred stock at a conversion price of $0.0000000125 per share in exchange for 12,800,000 shares of the Company’s common stock.
On August 16, 2023, the Company elected to cancel all 9,600,000 shares of Series A preferred stock.
On November 28, 2023, the Company cancelled all of its 10,000,000 authorized preferred stock with the State of Nevada. As of December 31, 2023 and March 31, 2023, 0 and 9,600,000 shares of preferred stock remains outstanding, respectively.

[wallstreet1231]

I also don't understand how as of 1/31/2024 there are "Number of shares in the public float: 14,743,249 as of date: January 31, 2024" And then OTC reports "Float
37,636,184 as of 11/17/2023. What the hell.

[wallstreet1231]

I do not understand preferred shares - it doesn't appear they have any yet they talk about the "C" shares, their rights etc. do thy have preferred or is all commons at 6B. The report seems screwy.

[Bearslayer]

I’ve been saying it forever. Something didn’t smell right. Now we know. They will sell the shell or sell there shares to .0001
But that won’t be long then they will be stuck like us.

[wallstreet1231]

Horible news. 6 Billion commons, no busiiness and it appears they are running for the hills. What a crock of shit that is going down.

[Bearslayer]

So even though we never got a straight answer on the value because of the conflicting info that never matched in the reports they relinquished the Digital currency as a right off? and then the Wenjie wu and other loans were extinguished?? sounds like some crazy screw the shareholder stuff just went down...

So now its a clean shell and will be sold to the highest bidder? We can only hope so.
Except for that nasty 6BB share authorization we just realized. Thats usually because dilution is coming. I'd like to know exactly wtf is going on here??


BOL.

[Bearslayer]

There is no longer any business in this shell per the filing.

https://www.otcmarkets.com/otcapi/company/financial-report/391729/content

On August 16, 2023, the Company closed its wholly owned subsidiary, Das Techno, Inc. with the State of Nevada

On November 28, 2023, the Company cancelled all of its 10,000,000 authorized preferred stock with the State of Nevada.
On November 28, 2023, the Company increased its authorized capital from 975,000,000 to 6,000,000,000 shares of common stock with a par value of $0.001 with the State of Nevada.

[molee]

Excerpt from said filing :

Note 6 – Subsequent events
On January 19, 2024, the Board of Directors of the BHPA agreed as a result of ongoing operating losses to evaluate its accounts receivable and its investment in Filecoin. As a result January 19, 2024 agreement, the Company concluded that indicators of other-than temporary impairment were present related to collection of its accounts receivable and the investment in Filecoin as of December31,2023,and upon closing. Upon analysis of the accounts receivable and its Filecoin investment, BHPA determined that other-than temporary impairment did exist and recorded a $1,930,342 ($866,065 + $1,064,277) non-cash impairment charge on January19, 2024.Theimpairments were determined based on combining the fair value of consideration received for all transactions contemplated. On January 19, 2024, Wen Jie Wu and two other related parties agreed to forgive their non interest bearing loans owed tothemof$675,002,$11,009 and $20,000, respectively. The Company’s management evaluated subsequent events through the date the financial statements were issued and there were no subsequent events to report.

[molee]

Quarterly Report is out >>> https://www.otcmarkets.com/stock/BHPA/disclosure

[wallstreet1231]

Could be front end loading for an announcement? Who knows - but I like the volume and the price increase. Watching closely.

[MattyTrader]

Let’s see if bids keep moving up

[wallstreet1231]

Sure seems like something is happening or someone knows something. Getting a tad bit excited here.

[MattyTrader]

Yeah… most in a while now…. Peeps taking notice?

[wallstreet1231]

Another day of volume - what's going on?

[wallstreet1231]

The float more than doubled in the three week period from 10/24/2023 to 11/17/2023. It went from 14.7m shares on 10/24/2023 to
37.6m shares reported by otc on 11/17/2023.

Bhpa, how about giving shareholders an update. The foxhole approach is no longer working. Need updates…….

[Bearslayer]

Stop what?? Are you implying I’m lying??
Actually instead of me saying the same thing to you. How about you actually read the last report from the company.
Scroll to page three where it gives the float on the date of the report. The company provides the numbers to the TA. Or they don’t. Which is exactly what the poster was referring to.
Stop relying on Twitter and actually do some DD.

https://www.otcmarkets.com/otcapi/company/financial-report/386527/content

[MattyTrader]

No, stop it. The TA just updated the float from 6/29/2021. The unrestricted has been the same (37.6m) since 2022 when some restricted became unrestricted:

🚨 $BHPA

💰0.0097
Pink Current, AS: 975M, OS: 344M, US: 37M

Public Float Updated:
🔴 14,743,249 (2021-06-29)
🟢 37,636,184 (2023-11-17)
Difference: +155.3% (+22M)

Chart, OTC Profile, Twitter, @otcupdates






🚨 $BHPA

💰0.0140
Pink Current, AS: 975M, OS: 344M, US: 37M

Restricted Shares Updated:
🔴 319,529,162 (2022-09-05)
🟢 306,729,162 (2022-11-14)
Difference: -4.0% (-12M)

Unrestricted Shares Updated:
🔴 24,836,184 (2022-09-05)
🟢 37,636,184 (2022-11-14)
Difference: +51.5% (+12M)

Chart, OTC Profile, Twitter, @otcupdates

Update: 2022-11-14 11:25:39 (UTC)

[Bearslayer]

In two weeks from that date.. 11/17/2023
It jumped 23 million. That was after the last Q report date. So they are getting ready to unload shares it seems..

[wallstreet1231]

Anyone else find the Q to be puzzling? For example, as oif the end of Sept. 2023 the float was 14m and then by Octoner 23rd it is stated at 37m. Can anyone explaing this? Seems they ahve trouble reporting numbers.

[MattyTrader]

Yeah… just depends on what they plan on doing and if they’re still actively working… who knows? They don’t tell us lol … risk /reward definitely worth it imo

[wallstreet1231]

Seems like it was at $3 not that long aho, and now under a penny. Even on a gamble basis seems like a look and see.

[MattyTrader]

Ya… if crypto stay hot these guys could be in a good spot to capitalize on it… we’ll see… just wish they kept us updated

[wallstreet1231]

Interesting - something seems to be going on although I am just now signing on to look at the market - hopefully we see an increase in volume.

PS Holly cow, we are almost to a penny - who knows, we could be a fifty cents soon - or higher. Fingers crossed.

[MattyTrader]

Some more action today… bids starting to move up…. No whacks , only smacks

[wallstreet1231]

Sure smells like something is up.