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Agreed. Below is the reply from their IR to my email. If you leave it in your brokerage w/o doing anything, there would be no value to it. If you move to the other platform, there will be some % of dividend or something per their management approval etc... That is much what I understanding.
"Thanks for the email. That is correct the Series V is listed on Upstream, if you want to move your shares to Upstream there will be a value assigned to them and we are working to build liquidity on the Upstream exchange. There is more information on the Series V here: https://www.btcs.com/seriesv/"
.
So is mine. I ONLY assume same value as BTCS shares at this point but until I am 100% certain about the exchange I will NOT do anything
GLTU
Mine is in the IRA account. So I don't know if it would be the same process as a regular brokerage. Also do you know the value of each V share?
Just learned. I will be checking Reddit. I was scammed by another exchange, Uphold. Won’t let it happen twice. Also checking with a buddy who has a Reddit account to research complaints
Boustead Securities, LLC Sanctioned by FINRA After Investigation Regarding Supervisory System and Private Placements
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker-dealer, Boustead Securities, LLC (CRD # 141391) was recently sanctioned by FINRA’s Department of Enforcement after an investigation of its supervisory system relating to customer participation in private placement offerings.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Boustead Securities, LLC.
Registration Background for Boustead Securities, LLC
Boustead Securities, LLC has been a member firm of FINRA since 2007. It is headquartered in Irvine, CA. It is an investment banking firm that has two branch offices with approximately 50 registered representatives.
Boustead Securities, LLC Sanctioned by FINRA After Investigation Regarding Supervisory System and Private Placements (1)FINRA’s Allegations Against Boustead Securities, LLC
According to FINRA Letter of Acceptance, Waiver and Consent (AWC) dated November 14, 2022 (No. 2019060735601), Boustead Securities, LLC consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
“From March 2018 through March 2020, Boustead’s [written supervisory procedures] required the use of new account forms to collect and record customer and investment profile information, but Boustead did not enforce this procedure with respect to certain customers in certain private placement offerings”;
“In practice, Boustead did not require the use of new account forms for customers participating in private placements. Instead, the firm collected customer information through other methods such as an issuer-specific subscription agreement, the registration process conducted through an affiliated crowd funding portal, or an accredited investor questionnaire”;
“The firm’s [written supervisory procedures] did not address the collection of customer information through a crowd funding portal and did not provide any guidance as to the content of subscription agreements or accredited investor questionnaires or require them to solicit any specific customer information”;
“In each sampled private placement transaction for this period, Boustead failed to collect at least one component of the customer and investment profile information required by Exchange Act Rule 17a-3 or FINRA Rules 4512 and 2111”;
By virtue of its actions, Boustead Securities, LLC violated FINRA Rule 3110 regarding supervision, FINRA Rule 5110 regarding corporate financing; and FINRA Rule 2010, regarding standards of commercial honor and principles of trade.
FINRA Sanctions Boustead Securities, LLC
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s November 14, 2022 AWC also indicates that Boustead Securities, LLC consented to the following sanction(s):
A censure; and
A fine in the amount of $35,000.00.
Well, trying to learn myself. I have downloaded the Upstream Exchange App (built on blockchain technology) and opened an account
Now I have to transfer my new shares from my UBS account to Upstream.
Will be talking to UBS Broker this week and give you an update
GLTU
Hello. Just want to know what to do with this new preferred stock issued to common Holders if anyone knows? See the PR on Jan 31 below. Thanks.
BTCS Plans to Distribute New Preferred Stock to All Common Holders*
PUBLISHED
JAN 31, 2023 8:36AM EST
Silver Spring, MD, Jan. 31, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, created a new series of convertible preferred stock, designated Series V Convertible Preferred Stock (the “Voucher”), and plans to distribute these Vouchers to each and every shareholder of record as of a to be announced record date. Each Voucher is intended to be convertible into one share of the Company’s common stock listed on a security exchange that utilizes blockchain technology, subject to certain approvals and the terms of the Voucher’s Certificate of Designation filed with the state of Nevada.
Def14a is horrible.
Increase AS to 975 milly, ouch!!!
Watching $BTCS...Looks interesting
nice article on news 3/13/23 saying that we don't have to worry about Fed and Bank problems
JUST COMPANY ( RS AGAIN)
Day traders pounced on that fast. Choice words....
The stupidity of some. They see news with words like investigation and delisting and panic sell or short the stock. Read it for F&@ks sake.
Sounds like the OTC. Live by the sword....
In 2021 there was yet another reverse split stealing away yet more shares. Then just last week CEO Charles Allen purchases 166,000 shares at $0.75 pps and today two weeks later is at $1.65 pps doubling his money while my original 25,000 shares have been reverse split down to 2 measly shares! Some fiduciary! If I could have just bought BitCoin direct in 2013 my original BTCS investment would today be $5M
reverse split history attached click post #31878
Ooops had wrong stock symbol. My apology
GLTU
Been around since 2014 there has been no reverse stock split???
GLTU
That would be nice to break even since I’ve been a bag holder from the last reverse split. Average cost for me is $9.74.
This stock was at almost $9 and crypto is heading north. Bitcoin topped $21k for a minute
This is a potential 5X bagger in the short term (less than 12 months)
GLTA
Best crypto stock of them
GLTA
Globenewswire release! StakeSeeker platform Beta release!
https://www.globenewswire.com/news-release/2023/01/10/2586199/0/en/BTCS-Announces-Private-Beta-Release-of-its-Staking-as-a-Service-Platform-StakeSeeker-as-well-as-Enhanced-IR-Website.html
Good luck
HOPING that doesn’t happen. Couple more days like yesterday and we’re good mate!
GLTU
what now? another r/s to stay listed??
Damn, frustrating to see. Need crypto to turn around - fast!!!
GLTA
So much for all the work listing :(...
Well, without FTX cluster I still don’t believe it would have gone under a $1. But that’s why they call it gambling errrr investing
GLTA
reverse split history attached
Bitcoin’s price today is US$19,113.96, with a 24-hour trading volume of $27.02 B. BTC is -1.37% in the last 24 hours. It is currently -3.58% from its 7-day all-time high of $19,823.91, and 0.99% from its 7-day all-time low of $18,926.46. BTC has a circulating supply of 19.19 M BTC and a max supply of 21 M BTC.
Bitcoin Added to the Guinness Book of World Records as the 'First Decentralized Cryptocurrency'
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records. Satoshi Nakamoto’s cryptocurrency and blockchain network, Bitcoin, has received a number of accolades over the years, and it’s been recognized by mainstream media sources and traditional mediums. For instance, in 2016, the word “bitcoin” was added to the Merriam-Webster Unabridged Dictionary, and two years later it entered the Scrabble lexicon. This year, Guinness World Records (GWR) has given recognition to Satoshi Nakamoto’s invention as bitcoin is considered the “first decentralized cryptocurrency.
Hoping to remain listed until crypto comes back
Have to admit $1.20 is closer to under $1 I thought it would get
GLTU
Neither
Have full confidence in this stock
GLTU
A brag or a complaint? I admit I'm surprised they have hovered where they are given the utter destruction of the entire crypto sector.
Just gotta wait until the big boys want to run again causing all the thirsty peasants to jump on board. Then, don't get greedy and leave early enough before the titans leave the bag holders in the dust with their profits.
It still ain’t. One of the first companies involved in crypto
GLTA
Dont worry. It ain’t
GLTU
If this falls below 1$ for 30 days will it be delisted? Crypto is in the tank hard....
This scam co. Operating like they did in the OTC.
First dividend paid in bitcoin!! Good idea financially??
Mayyyyybe not. Fun trick shot though I suppose.
Received dividend payment?!
How is it that BTCS can, one, afford to payout a dividend and secondly how can this possibly be a good use of their monies?
PERPLEXED
GLTA
Hellllloooooo? This board silent for 2 months!
Its been quiet here. almost too quiet. I wonder what Chuck and the boys have brewing besides what is in the PRs...
Give me $6.50 please
Sell, buy, repeat
GLTA
Would someone be so kind as to tell me when their last offering was? thanks.
Bought more at $4.02.
Now, up we go so we can sell. Rinse and repeat. The volatility here is the best!
GLTA
crypto bigboys got what they wanted... rinse, repeat.
May be good for trading again soon .
I am watching it
Zeer slechte dag ,nieuws besproken vandaag???
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BLOCKCHAIN POTENTIAL APPLICATIONS AND DISRUPTION:
Just a few of the media conglomerates who have featured $BTCS in a story:
Washington Post:
https://www.washingtonpost.com/business/on-it/silver-spring-start-up-targets-bitcoin-buyers/2014/03/07/52760478-a558-11e3-84d4-e59b1709222c_story.html
Bloomberg:
https://www.bloomberg.com/news/videos/b/d29dc63c-5e6e-4ff7-ab4f-6bf91846a917
USAToday:
https://www.usatoday.com/story/news/nation/2013/12/10/bitcoin-entrepreneurs-seek-mainstream-acceptance/3971121/
CNBC:
https://www.cnbc.com/video/2014/02/10/bitcoin-shop-ceo-reverse-merger-most-sensible-choice.html
WallStreet Journal:
https://www.wsj.com/articles/bitcoin-shop-to-trade-publicly-over-the-counter-1391726743?KEYWORDS=bitcoin&tesla=y
Kaltura:
http://cfvod.kaltura.com/pd/p/1679301/sp/167930100/serveFlavor/entryId/1_gs2pq3kz/v/1/flavorId/1_i7hvrk8o/name/a.mp4
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