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Maybe gets going on crypto heating up….
If so, they’d be gifts
This thing will be in trips next week. At this rate. Someone just keeps slowly unloading into the bid.
Would likely violate the fiduciary responsibility of current management should they do this for one shareholder.
6bb shares at .0001 is 600k. That is what wenjie wu loaned the company. But that is assuming there are buyers at .0001
I can tell you there aren’t enough buyers to buy anything close to that. Ever. With no news to pump.
Or possibly they need 6billion authorized to award to investors/restricted holders so they can sell for a fraction of a penny to recoup their investment. Maybe they are impatient knowing they will never sell restricted shares at what their expectation was when they invested. So instead of selling 100million shares at a dime they will sell a billion shares at a fraction of a penny. Guessing here.
Unless it was stipulated in an LOI to acquire and contingent upon closing. Could have even been contingent upon signing an LOI to preclude wasting time and money on DD etc if approval could not be secured. Typically they will include non competes, acquisition price etc.
If so, then they might have a suitor lined up. Purely speculation on my part.
Bhpa owners would never increase the A/s if they were selling.imo. That would be up to the new buyer. Makes no sense.
Beginning of dump? News now might be only savior. Step up Bhpa, update shareholders.
Thanks, 14 mil or 37 mil in the float is still low.
Just hope they will bring in something good to get it trading $1+ again.
80-90% of current OS is still restricted & Float is still low. Hopefully, they will bring in a good entity and get it trading $1+ again.
Crypto is gone. Looks like a shell.
Yes, the outstanding share count is currently relatively low. We were talking about when the shell is sold. The authorized shares could be issued resulting as the prior authorized was less than a billion. Then after issuing down the road they could do a reverse when the outstanding approaches the 6b authorized.
Ugly potential picture.
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
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.
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.
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.
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
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?
With 6 billion now authorized who the heck would want the shell, except someone that would want to sell the 6 billion shares.
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.
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.
Yeah I’m not impressed but the float is still very low
Looks shady to me.
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.
Only thing I can think of is maybe they’ve increased the AS for a merger/acquisition but who knows
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.
You giving up here? I just wish these clowns would tell us what they’re up to
Last ones out turn off the lights. What a POS.
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
Yeah… dumps starting now after they were just smacking 008-009s
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
Hopefully some shareholder updates soon…. Crypto booming but this one hasn’t done anything lately
I like it. Straight shooter.
we are fucked until we aren't.
How's that for spelling it out?
Imo.
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.
Eactly, what a mess. What's your tale for us lonely, and foolish, shareholders?
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.
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.
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.
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.
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.
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.
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.
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.
Quarterly Report is out >>> https://www.otcmarkets.com/stock/BHPA/disclosure
Could be front end loading for an announcement? Who knows - but I like the volume and the price increase. Watching closely.
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