Big Token Inc (fka BGTK)

[I ll be back]

yogi, my "words of wisdom" are nothing more than a "best guess" at this time, based on years of dealing with a variety of companies...so, take it for what it is worth.

At this point in time, a lot of shareholders are in the dark and waiting for the real pearls of wisdom from the powers to be.

Thanks for the "king of the broad", but right now, I feel more like the court jester. Hoping we don't all become clowns.

Investing in the land of OTC is risky, so do NOT bet the farm...that is my words of wisdom.

[rumark27]

SRAX CEO Chris Miglino and BIGtoken new CEO David Moore to host a conference call for investors on Wednesday. And we know they are presenting at LD Micro conference on the 12th. Ticker change this month or early nov at the latest.

Do they have more insight / news to release in coming weeks?

[stockyogi]

King of this board.

Thank you for your wisdom. Much appreciated!

[I ll be back]

Just reviewed the 8K and the increase in order to complete the merger.

In some respects, considering the AS count at 1-T, I'm surprised it only took 183-Billion or 45% of the OS...LOL

On a serious note, Brite Pool must feel this start-up has potential if they are willing to take this stock ahead of a RS.

I was a little surprised that SRAX was able to bring the merger together at such an early stage in the business model.

Just to wrap your minds around this merger, to see Brite Pool take ALL stock in this sub penny says a lot.

This should also play out in our favor with the RS (assuming it even happens) now that we are about to have a merger with Brite Pool. Why you may ask....Now that you have new board members sitting at the table with SKIN in the game, they will have a "slightly" didn't mind set.

[Hook]

But then there's that rare instance when 1 TRILLION shares factor into psyche. WTF?? Oh and crypto. Time to rewrite trader psychology books?

I love this game being played. Coffee and 8k time. (8min skim, Im done. Healthy payrolls and a merger, will wait for smarter folks lend me a hand)

[stockyogi]

Thank you

[SMKbots]

it's all psychology & the RS is hardly ever good for the pysche of the stock

typically takes years, if it does work though

[stockyogi]

Why is a RS a death sentence in OTC land?

Doesn’t it minimize outstanding shares & raise pps?

[rumark27]

Despite the increase in OS from the merger as later out in 8k, I still believe there’s a lot more to this story. I believe tied to crypto / tracking shares. Also, normally in OTC land a RS is a death sentence. However, with this management team, and plan to uplist to NASDAQ, it won’t be a bad thing

[Chartmaster]

8K Out!
https://www.otcmarkets.com/filing/html?id=15261439&guid=ySswkqs6zYdXQyh

[I ll be back]

Keep a close eye on this one, yesterdays close was MORE than interesting.

Left me wondering if someone slipped and the janitor over heard someone...LOL

Looks like the stock is being played this morning. They take it back down and I'll be loading for the first time in several weeks.

[rumark27]

Strong close yesterday. Do we see movement today?

[DCDOLLY]

Anyone know anything re: reverse stock split?

[arondon]

Thanks, IBB. Certainly agree it's not out of the cards, and will watch to see their signaling in how the post-cookies ad tech play can align with releasing their own token and blockchain platform.

They certainly need more commercial traction for the token to hold value, so perhaps they are just pushing that timeline out. I still think they would plan to have tokens registered with SEC -- and I believe (and hope) that could be the reason why they removed ex-US users from the app due to such regulatory issues.

[rumark27]

In the last 30 seconds. Almost 4 mil shares. The whales not gone!

[I ll be back]

WOW...that was an interesting 1-min close.

Someone wanted shares in a hurry...LOL

[rumark27]

Agreed with all you said. The 12th they are speaking at SRAX’s LD Micro main event. SRAX is speaking on the 13th.

[Hook]

Until they unleash masterplan for the looming 1T pound elephant in the room, can't expect anyone to hold. Im betting on this being a well thought out plan for otc investors. These shares are more in spotlight now that there is a merger. Ticker change will hav a bump IMO and hoping 8k positive for shareprice as well. Is it Oct 12 for a Bigtoken seminar? And they asked app patrons about post 12th payments?

Believe someone is supposed to say, "we're just filling the gap up before next leg."

[rumark27]

I thought the timing of the announcement yesterday was a little odd. Figured they would have wanted to wait until after ticker change? Hopeful they have a bunch of news to release over coming weeks. Especially since it’s looking like the excitement from the merger isn’t going to hold….

[I ll be back]

Totally agree!

Never seen a resume like britepool in otc.

Many of us here are in this 1T AS stock because of what SRAX brings to the table. Its hard to find a OTC stock with this kind of management behind it.

Most of the OTC are companies with a great idea, and no way to back it up.

[Hook]

Im still waiting for them to treat this otc trading platform like they WANT investors to believe and enrich their company. We haven't even got to that point yet, solid baby steps, closer, closer. Huge AS still looms. Expect Monday drop 8K?
Never seen a resume like britepool in otc. Exquisite! I dig it! NASDAQ worthy team.
So, we still wait for the reveal and plan. Ticker change probably timed with 8k and more tidbits next couple weeks with Oct 12 event.
Volume baby..come on.

[I ll be back]

Arondon, no worries on this end.

Again, I enjoy the thoughtful posts and your insight here.

I can see how you would draw your conclusion, personally, for what it is worth. I haven't seen any evidence (yet) that the Crypto play still doesn't play out here.

When I get time, I'm going to do some digging on this new team structure.

[rumark27]

Run at bell and over a penny again today!

[arondon]

Agreed IBB and Hook. On the same page.

The fact that BigT is keeping the name is telling and I'm still leaning towards the token/blockchain marketplace, just sequenced later. Like you IBB, I do feel SRAX has a long view and that's certainly kept me in the game.

[rumark27]

I will say for the huge volume today, as a betting man I would have expected it to run from .0044 to over a penny. Chad might be on to something.

Remember though, this one gapped up each morning for probably 2 weeks during the run from .004 to 10 cents.

[I ll be back]

Chad,
Interesting thought.
I reviewed several short positions yesterday and can't recall the position on Big T, going into the week.

The current 3hour update, paints a totally different picture as 1.3mm this evening.

One of my take a ways today was how the stock really showed no real buying over the last couple of weeks as SRAX was entering into this merger.

A lot of OTC stocks would have been using company shills to pump their stocks ahead such news.

With that being said, todays buying showed us just how quickly this can run and why one needs to lock their position on this one.

[ChadClemson1]

39M short shares today. I was wondering why this didn’t move as hard with the volume….

most assumed it was profit taking. It was actually short sellsrs.

https://fintel.io/ss/us/fpvd

[I ll be back]

My "gut" says this is both an ad/tech and Crypto play.

I can't see SRAX "moving the game post" IMHO.

SRAX continues to demonstrate a business model that has the "potential" of that "moonshot" they called out.

I'm looking at today's news as a "potential" double header.

Here's why, the merger was likely started a couple of months ago and IF this was no longer going to be a Crypto play, the company wouldn't be going into a business model with the Big Token name structure...it wouldn't make sense.

As for Lou being out of the picture, the way and means they "removed" the man would support that it wasn't because overnight the business model changed...just saying.

I'm also finding the way the RM is being handled with stock, more than interesting.

By the way, LOVE the back and forth and the sharing of ideas and thoughts here.

[Hook]

Let's see if runs up last 15 min.

[Hook]

NEWSLETTER: BIGtoken, a pioneer in ethically-sourced data and insights, and BritePool, Inc., a leading privacy-focused provider of verified identities for advertisers, have entered into an agreement to merge the two companies. In this all-stock transaction, BIGtoken (FPVD) will issue shares to purchase the outstanding stock of privately held BritePool.

BIGtoken also announced that it is applying to change its corporate name to BIGtoken, Inc; and has started the process to change the trading symbol for the company. BIGtoken (FPVD) shareholders will own approximately 55% of the BIGtoken’s common stock and BritePool shareholders will own approximately 45% of BIGtoken’s common stock post-merger on an outstanding share basis. The merger is anticipated to close in approximately thirty (30) days, subject to customary closing conditions. BIGtoken (FPVD) will file a Current Report on Form 8-K with the Securities and Exchange Commission disclosing the material terms of the merger within four (4) business days.

[rumark27]

Sure hope you are right my friend!

[Hook]

Run start here..INDEED!

Removed Sticky

Perhaps this link sheds light on the "blocked stock" reference?

https://www.erpgreat.com/materials/differences-between-restricted-vs-blocked-stock.htm

[honest dave]

FPVD The start of a multi-day run imo.

[Hook]

No disrespect Arondon. I appreciate all the input here. I meant as far as SRAX and FPVD making moves that leave us here trying make sense along the way. Seems those here always guessing what their actions mean. Why 1 trillion share structure? WHat is float?

Nothing personal. I feel foolish for not selling at .10, .09, .08 or anything over a penny now. Anyone else here??

[arondon]

The 4.99% and 9.99% figures are to ensure certain regulatory requirements (e.g., public disclosures) are not triggered by SRAX holdings. See RedDiamond's agreements which had 4.99% blocker which, for example, enables them to sell shares without public filings.

[arondon]

Respectfully disagree.

Have always enjoyed that this board knows absolutely nothing about what is going on with this company

See my last 5-7 posts, as it was fairly clear they were going to do a stock-for-stock acquisition based on recent filings and market cap (and lack of cash). The question has been who they were acquiring - ad tech or crypto/blockchain? - and whether there'd be a PIPE along with it.

Well, we now know it's a pure play ad tech acquisition. Certainly not the original BigT vision published in 2018 about creating a data marketplace on the blockchain. Now, this doesn't mean they're abandonding it and perhaps a token and blockchain rollout is in the cards for later...but consider that FPVD/BigT as an adtech play was NOT fueling the earlier stock run.

[Hook]

Have always enjoyed that this board knows absolutely nothing about what is going on with this company. SRAX and board has kept everyone completely clueless with their confusing filings and share structure moves.

So, we still have name change any day now..FINRA? Perhaps that tells us if keeping BTKN? as name?

Filing within 4 days will explain a few things. I guess that is the next solid news and it will let a few cats out of the bag.

ALSO, I would say the tricky obscure term "blockers" is referring to restricted or reserved shares.

"SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%. This move will allow SRAX to recognize the value of the asset on its balance sheet while no longer requiring the consolidation of BIGtoken’s operating results."

So, BUY, HODL or FLEE?

[arondon]

I actually view that quote as confirming my concern that they're moving the goalposts considerably w/r/t crypto/blockchain. Everything since Stella took over has felt that way.

BigT's prior position under Lou was "Moving from cyrpto adjacent to crypto centric", "Issuing own cryptocurrencies" and moving blockchain platform built to Casper Labs.

That's all gone quiet.

Stella's quote today now says BigT will merely "explore" digital wallets and digital asset rewards. That signals to me remaining much more crypto adjacent.

Perhaps the token play is just being pushed out until there's more commercial traction, who knows. Will be interesting to see if the combined entities' name will remain BigToken.

[rumark27]

While I don’t disagree, the stable/crypto coin vision was around long before Lou. Heck, they even mentioned it in the PR today (if I’m reading behind the lines correctly). Sure, we might not be as crypto crazy as Lou, but look where Lou got us…

“George Stella, BIGtoken’s co-founder and president, will continue to lead the company with Moore. “We have created a flywheel for zero-party data, where BIGtoken users connect accounts and regularly engage with brand-related actions and surveys for rewards,” said Stella. “This merger will increase our reach for advertisers and accelerate our product roadmap, which includes exploring consumer interest in digital wallets with offers from advertisers and digital asset rewards,” he added.”

[arondon]

We knew merger was the most likely near-term event, but not the target.

While the leadership of Britepool is top tier, it signals a move away from crypto/blockchain as primary (i.e., when Lou was on board) and towards a heavy ad tech play (i.e., ad guys running the show).

It's a post-cookies ad tech play, and sure that's fine and all, but just not sure this stock makes sense anymore given the cap structure. Has felt that the crypto/blockchain focus was driving FPVD price and prior runs, and as that's most likely now a secondary (or tertiary) piece now, it's worth a rethink on position.

Need to understand whether they're still considering issuing their own token and leveraging Brock Pierce and collective team's network to drive traction. Without that, would take a flyer at a $10-15M enterprise valuation (i.e., most insiders valuation cap per filings), not the current 100x valuation of that at current levels/cap structure.

[rumark27]

I edited the page intro and sticky notes a bit.

Hook, can you please remove your sticky? We need to rid ourselves of anything Lou Kerner....!

If anyone else has any suggestions please let me know!

[rumark27]

Beat me to it Hook.

"Prior to the closing of the transaction which is awaiting regulatory approval, SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%"


So what exactly does this mean? Sounds to me like OS dropping by 150 billion shares, however will also increase due to new shares being issued for merger? So where does the OS end up at?

Not sure what the blockers at 4.99 and or 9.99% means.. Thoughts?

[Hook]

SRAX PR

https://finance.yahoo.com/news/bigtoken-britepool-merge-resulting-favorable-144500770.html

Bigtoken and BritePool Merge Resulting In Favorable Outcome for SRAX Shareholders SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the merger between Force Protection Video Equipment Corp (FPVD), also known as Bigtoken, and Britepool. As a result of the transaction, SRAX's resulting ownership position will cause the deconsolidation of its subsidiary, BIGtoken, from the date of the close. Prior to the closing of the transaction which is awaiting regulatory approval, SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%. This move will allow SRAX to recognize the value of the asset on its balance sheet while no longer requiring the consolidation of BIGtoken's operating results. This will allow SRAX investors to recognize the true operating performance of the Sequire platform. "We are excited for the Bigtoken and Britepool teams to come together for this merger. The new combined management team is incredible," said Christopher Miglino, Founder and CEO of SRAX. "The movement of our position to a preferred share, which is currently worth a significant amount of money, will be very beneficial for our shareholders. The market will now be able to understand the true value that SRAX is generating on its own. We are currently exploring the best way to maximize the value of this asset for our shareholders," added Miglino. The merger is anticipated to close in approximately thirty (30) days, subject to customary closing conditions. BIGtoken (FPVD) will file a Current Report on Form 8-K with the Securities and Exchange Commission disclosing the material terms of the merger within four (4) business days. About SRAX SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors' behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com and mysequire.com. Cautionary Statement Regarding Forward-Looking Information: This news release contains "forward-looking statements'' made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in our business, and our need for future capital. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in SRAX's periodic reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.

[I ll be back]

This is how the game is played.

I would think we see steady run of news for a while now. SRAX is steady PR driven.

First the RUN up with the traders selling into the news.

Second the dip, with the smart money waiting for the pull back and support level set.

Last, IF the news has depth, you will see the slow climb. Anytime you see a flash increase over 30%+, let alone 60% +, your going to see a need for the gap to fill.

Kind of like watching a drunken sailor...LOL

[I ll be back]

Right!
At least no one can call this a Pump and Dump board...LOL

I have two other runners going this AM as well, busy morning.

[Hook]

Profit taking expected, but really this is so fresh will take a minute to get around and sink in. What a STELLA-r TEAM they've put together. Resume in the Advertising, Digital Media and Marketing realms off the charts.

I would think we see steady run of news for a while now. SRAX is steady PR driven.

[rumark27]

No reason we shouldn’t make breakout board today. Hell, there were zero posts this week! Lol

[I ll be back]

Yes indeed, it's a fine morning if your into green.

Volume is off the chart just in the first hour of trading at nearly 50mm shares. It would appear we have some profit taking going on...

[Chartmaster]

Force Protection Video Equipment Corp. a.k.a. BIGtoken and BritePool to Merge

The combined company will provide the next evolution of privacy-focused solutions, with benefits for consumers and advertisers.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- Force Protection Video Equipment Corp. (FPVD), also known as BIGtoken, a pioneer in ethically-sourced data and insights, and BritePool, Inc., a leading privacy-focused provider of verified identities for advertisers, have entered into an agreement to merge the two companies. In this all-stock transaction, BIGtoken (FPVD) will issue shares to purchase the outstanding stock of privately held BritePool.

With this merger, David J. Moore, BritePool’s CEO and co-founder will become CEO of the combined company. Before BritePool’s creation, Moore served as president of WPP Digital, the world’s largest advertising holding company and as chairman of Xaxis, WPP’s digital arm. Earlier, he co-founded 24/7 Real Media which he led, as chairman and CEO, until its sale to WPP, for $649 million.

“BIGtoken and BritePool are joining forces to provide marketers with privacy-focused identity solutions that benefit both consumers and advertisers. We believe the future belongs to companies that recognize that creating value for advertisers also means creating value for consumers,” said Moore. “I am excited to build a company that is uniquely oriented towards the evolving marketing environment, and honored that the BIGtoken Board has placed such confidence in me,” he added.

George Stella, BIGtoken’s co-founder and president, will continue to lead the company with Moore. “We have created a flywheel for zero-party data, where BIGtoken users connect accounts and regularly engage with brand-related actions and surveys for rewards,” said Stella. “This merger will increase our reach for advertisers and accelerate our product roadmap, which includes exploring consumer interest in digital wallets with offers from advertisers and digital asset rewards,” he added.

Bob Perkins, BritePool’s chief operating officer, will also serve as COO of the combined company. Perkins is the former senior vice president of marketing at Pizza Hut and president of Chiat/Day New York, widely acclaimed for its award-winning advertising for Apple and Nissan.

BritePool has a long list of industry veterans as investors and advisors. MediaMath, an industry leader and pioneering innovator in the digital media space, was an early investor in BritePool. Joe Zawadzki, CEO of MediaMath, said, “The importance of digital advertising in driving commerce and supporting an open internet has never been greater. The need for solutions built around the consumer that enable the market, obvious. This combination has the potential to bring complementary teams and approaches together to create a new standard.”

"The many accomplishments of the combined management team are particularly noteworthy,'' said David Bell, former CEO of The Interpublic Group and advisor to BritePool. "It's rare to see a company of any size or age led by such a breadth of individuals with proven experience in marketing innovation and successfully building enterprises," he added.

Both Moore and Perkins will join the company’s board of directors after the completion of the merger. BIGtoken also announced that it is applying to change its corporate name to BIGtoken, Inc; and has started the process to change the trading symbol for the company. BIGtoken (FPVD) shareholders will own approximately 55% of the BIGtoken’s common stock and BritePool shareholders will own approximately 45% of BIGtoken’s common stock post-merger on an outstanding share basis. The merger is anticipated to close in approximately thirty (30) days, subject to customary closing conditions. BIGtoken (FPVD) will file a Current Report on Form 8-K with the Securities and Exchange Commission disclosing the material terms of the merger within four (4) business days.

About BIGtoken

BIGtoken is the leading ethically-sourced identity, data, and insights creation platform. Through a transparent platform and consumer reward system, BIGtoken offers users choice, transparency, and compensation for their anonymized data. Participating consumers earn rewards and advertisers and media companies get access to insights from compliant, zero-party data for marketing and media activation. For more information on BIGtoken, visit bigtoken.com.

About BritePool

BritePool is an identity verification company for advertisers and publishers. The company provides advertisers with brand safety, privacy, and analytics for data connections when third-party cookies and MAIDs no longer can be used. BritePool’s exact, frequency-controlled identity verification services enable accurate targeting, advertising delivery and attribution. For more information, visit BritePool.com.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements'' made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in our business, and our need for future capital. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in FPVD’s periodic reports filed with the Securities and Exchange Commission (SEC). We do not assume any obligation to update any forward-looking statements.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20210929005229r1&sid=acqr8&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005229/en/

Bruce Judson
[e-mail]
845-745-0957

Source: BIGtoken

© Copyright Business Wire 2021


https://www.otcmarkets.com/stock/FPVD/news/story?e&id=2007997

[Hook]

Good morning BIGtoken