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Works for me.
Yup, shhhhhhhhh.
Don't talk about the herd of elephants in the room.
The toxic lender doesn't want that. He has over $1,100,000 to get back.
So please keep the dilution chatter to a minimum for his sake. He's gonna hit this ticker with 100's of millions of shares and that's really hard to dump for maximum profit.
You are correct. Large shareholders received ZERO notice of voting for change of control, A/S more than doubling and as far as I know never had any notice for anything for voting rights on an company agenda, policy or anything in general.
These are all unilateral BoD moves though I know in the custodial order there was supposed to be notice of shareholders meeting. None of this ever happened.
Oh well, maybe they plan on diluting much much much further just to allow common shareholder to have a larger say.
How very nice of them if this is the reason. I'd hate to think the A/S blow out was only to make room for 100's of millions of shares from toxic convertible debt and insiders compensation. That would be devastating to common shareholders.
I'm happy to help. I don't mind updating all of you on what I'm gonna guess is something the BoD didn't inform shareholders it was doing?
Doubling the A/S.... nearly 1 billion shares... ouch. I hope no one on here bought shares above the current price. Bryan Wilkinson (the secretary) amd Andrew Gilton (CEO) signed off on this move. I will be so bold as to say he is not championing the retail investors with this move...
I feel toxic dilution sux.
Rotten bastards ??
A lot of work being done at BitFrontier!
"The future depends on what you do today." - Mahatma Gandhi
A lot of work being done at BitFrontier!
— BFCH (@bfchco) June 2, 2023
"The future depends on what you do today." - Mahatma Gandhi pic.twitter.com/7kWypZxiCj
Operating Loss $887,602
Sucking the life out of anything of value through the subsidiaries unaudited books. They paid a pile of expenses to get that number.
And shareholders got heavily diluted through preferred C share give away bonanza
They don't even hide the blatant dilution.
Preferred C shares to Andrew Gilton? He was supposed to get Preferred F shares over 5 years. Hahaha they don't care
Bryan Wilkinson and his 2 petting Zoo friends getting an equal amount of Preferred C shares? The agreement was to collect $1k a month rental to SMEV not dilute 13 million more shares to investors.
They are just giving shares away like Oprah runs the company.
Yes...and technically speaking, charts have memory.
$BFCH Tweet...Dive into efficiency!
🌊💻 Dive into efficiency! 💧💪 Keep your ASIC miners healthy and shielded from dusty air and harmful fungi with liquid immersion. Say goodbye to overheating and hello to healthier mining operations! 🚀 #LiquidImmersion #CleanMining #EfficiencyMatters pic.twitter.com/pLe6YzTCaQ
— BFCH (@bfchco) May 18, 2023
You are correct. But the $900k worth of fully matured 50% discount to market or .005 Jeffery Mutual choice convertibles says they are ready to convert and unload at anytime.
That's roughly 180,000,000 shares that can potentially dump at any time and far more maturing in to next year.
