Bitech Technologies Corp (BTTC)

[inti23]

Yes. I would! I know it takes time for any new CEO to get things organized. Keep us posted. Thanks!

[fink]

Bitcoin mining is way over my pay grade in understanding.
But does it justify a $60m Market cap?
Massive amounts of restricted shares. You gotta wonder why those are not converted into P-shares and removed back into treasury?

$60m? If some business plan such as this pulls in $2ma year, I’d still be confused. I mean, I got the entire crypto coin and block chain,NFT thingy down, but mining has always confused me.

Still, $60m?

[Renee]

Spine Injury Solutions Inc., SPIN, changed to Bitech Technologies Corp., BTTC:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[trade4]

7/6/22: Supergreen Energy Signs MOU with CCM Industria e Comercio de Produtos Descartaveis of Brazil for 1000 MW Power Plants; https://www.einpresswire.com/article/579960781/supergreen-energy-signs-mou-with-ccm-industria-e-comercio-de-produtos-descartaveis-of-brazil-for-1000-mw-power-plants

6/22/22: Bitech Technologies Signs Letter of Intent with Value Added Reseller Paladin Power; https://www.globenewswire.com/news-release/2022/06/22/2467174/0/en/Bitech-Technologies-Signs-Letter-of-Intent-with-Value-Added-Reseller-Paladin-Power.html

5/24/22: Bitech Technologies to Present at the LD Micro Invitational Event on June 8, 2022; https://www.globenewswire.com/news-release/2022/05/24/2449206/0/en/Bitech-Technologies-to-Present-at-the-LD-Micro-Invitational-Event-on-June-8-2022.html

[Soco54]

Well hopefully there’s some fire with this smoke lol

[Soco54]

Yea apparently that conference didn’t stir any buzz either.

[Amigo Mike]

Well,

Looks like SPIN working it's way toward the valuation i suggested in the post that I am replying to. No surprise in this market and given there's not been any significant news from Bitech.

I do wonder why ticker hasn't been changed yet.

Amigo Mike

[John_Vallay]

Donovan had no choice but to sell.
Spine Injury Solutions had a debt to one of their board members in the amount of approximately $300,000.

By selling SPIN they got the money to pay off the board member.

Donovan failed - that is over and done with.
This new team comes in and pays the $300,000 for SPIN so a reverse merger can be done.

For this new management team to dilute everyone this much is in my opinion a way and opens the door for them to do a reverse split and that will result in this new management team owning all or most of the company. This action or decision basically diluted all SPIN shareholders out of any possible profit.

As for Donovan and Spine Injury Solutions - they failed.
But that is over and done with.
It's old News and not worth ever mentioning ever again.

It is what it is.

I am done posting on this Board. Bitech (Otc: SPIN) needs to get their business moving forward, hire an investor relations firm to attract new investors which will generate trading and that will open the door to some financings and that will bring capital into the company.

It is what it is

Good Luck to all

[Traderfan]

Yes I agree, they are both responsible. I mean the old management has always been a bit dumb, Donovan is the largest or one of the largest shareholders and he diluted himself down big time with this deal but he probably didn't even get it I can imagine.

[Amigo Mike]

But Trader,

SPIN FORMER CEO AND BOD AGREED TO THAT DEAL.
That was the cost of Bitech being "acquired" by SPIN as SPIN PR would have it.

If shareholders don't like it ..... the blame goes to Donovan's and former BoD .... not Bitech. Donovan didn't have to do it. But he did.

Remember, the pied piper of SPIN said mgmt like this deal best. Apparently some shareholders don't agree but are blaming the wrong people.

Amigo Mike

[Traderfan]

My criticism is the shares management issued to themselves which has diluted the investors very much here.
I guess the new owners buy SPIN public shell for $300,000 and they feel they have the right to dilute the shareholders to 4% ownership.

I agree with you on this one, it was really dirty and unnecessary.

My other criticism is that the CEO is on this message board posting which can be a violation of Regulation FD.

Not a reg FD violation anymore IMO since they changed that years ago. CEO's are free to communicate with shareholders on these public venues like twitter or this one or some other stuff, only thing they need to do on ihub I think is making it clear and visible that they are the CEO of a certain company.

[Soco54]

“if they do $50 million in revenue, which I cant even imagine them doing 500 thousand”

They said the product is worth billions you say less than 500k. So in other words you called it crap imo lol. The product in a nut shell is a self charging generator. Now you are assuming I am going to attack you for your views???? I may disagree but I have no clue where you get this TOUGH GUY junk from. If you don’t want to have a conversation anymore than maybe you should avoid posting on message boards and forums.

[John_Vallay]

What is the product?
I never said the product is crap so DO NOT put words in my mouth. I do not even know what the product is.


My criticism is the shares management issued to themselves which has diluted the investors very much here.
I guess the new owners buy SPIN public shell for $300,000 and they feel they have the right to dilute the shareholders to 4% ownership. No investor will ever trust management now which means the stock price will never appreciate.


My other criticism is that the CEO is on this message board posting which can be a violation of Regulation FD. Before you tell me he hasn't disclosed anything serious or inside information on this message board, first go and see what Regulation FD is in totality. Refrain from arguing against, be-littling me or acting like a TOUGH GUY behind your computer screen.


And by the way - What is the product?

[Soco54]

It’s all about the product. These guys say it’s worth billions and you say it’s worth crap lol. That’s the difference here I think. Who knows maybe these guys were worried about a hostile takeover with their product but also needing a certain share amount for dilution to raise capital for production.

[John_Vallay]

even if the NEW CEO fixes the business, the EPS (earnings per share) would be very very minimal due to the dilution.

INVESTING 101 is not only based on a successful business, it requires an amount of shares outstanding and in the float that permits a rise in the price.

A company with a BILLION shares usually means low stock price.

And furthermore, the new CEO is NOT fixing the old SPIN.
SPIN is done and out. Bitech is BITECH and the only thing remaining is SPIN ticker, nothing else. truth be told SPIN was a tightly held company that was mis managed. bitech right now is a failure because of the share structure.

And I do not know how to fix that right now.

[SPIN_CEO]

John,

Would you give the new CEO time to fix the old unsuccessful SPIN? The new biz could be a rewarding thing to existing shareholders down the road.

[John_Vallay]

The past management, specifically William Donovan failed.
That is old news.

The new management, specifically Benjamin Tran has only did one thing from a corporate perspective, and that was award himself many, many and I mean many shares.

I am old-school capitalist which means that you have to prove yourself worthy before being rewarded with shares.

People that award and reward themselves pre-success and individually are pre-destined to fail.

I am wondering if Benjamin Tran spent cash to buy SPIN and figured he would award himself millions (billions) of shares and sell those shares over time and take stock loans, even at pennies per share because the investment for him personally is still profitable, but that profit would come on the backs of individual investors buying the stock on the open market.

To use simple calculations - Mr Tran spending $350,000 to buy SPIN when it was 14 cents a share is an investment.

Mr Tran giving himself 1 billion shares means he can sell or take a stock loan at just 2 cents aa share gives him $20 million dollars.

Yes that is correct - 1 Billion shares at 2 cents a share is worth $20 million dollars.

Obviously he would want more than 2 cents a share, but after he takes in some convertible notes and gets millions of shares trading daily, he will be able to sell his shares, based on percentage he is allowed to sell based on liquidity and trading volume, he can net himself a nice personal profit.

If I am wrong about the 1 billion shares and its only 500 million shares at 2 cents, then its only a $10 million profit.

Whatever the real number is, or will be, is meaningless. He awarded himself many shares and now we can see what he does with the company

[Soco54]

I get both of your sides but the previous management where the ones who did the deal with bitech. Either they got scammed on a sales pitch or they went speculating instead of what many of us thought they should have done which was bring a company with existing revenues. It doesn’t matter now but I wonder what company pulled out of the deal back last year. Not like anything I said matters going forward but if we get screwed here it’s bc of previous management imo doing a bad deal to begin with.

[John_Vallay]

I thought the CEO was not going to waste his time on this board, yet he comes on again and makes a post.

Looks like he can not control himself, much like he couldn't control himself with awarding himself and other insiders with stock to an unprecedented level.

CEO can not even follow his own words (i.e., previous post on this board).

yet another sign of an inept CEO.

[Amigo Mike]

LOL John,

Gee well ... ok ....
Not attacking you. Intimidated ?? ROFLMAO !! Ya ... ok if you say so it must be true .... what with your superior intelligence.

Curious how you make the leap of my mention of Donovan ... is attacking you. Must strike close to home.

Funny your quote is strangely familiar in SPINland ..... Funny too ... all these years I was looking out the windshield when I posted here that SPIN mgmt wasn't getting the job done. And look what happened. Fancy that.

Amigo Mike

[John_Vallay]

Mike

You should never assume to know with whom you are communicating with. To say I don't understand capital markets is an absurd statement to make.

My intelligence, as clearly noted in my posts on this board, have without question intimidated you to the point where you are trying to attack me by bringing up DONOVAN.

Get over Donovan and focus on Bitech and what the CEO has done already so far.

That is all that matters here.

Amigo Mike - i will give you a lesson when it comes to capital markets: There is a reason the front windshield is much larger than the rear view mirror

[SPIN_CEO]

I believe its just a part of house cleaning after the merger; and the “share changing hand” process toward visionary and longer term shareholders seems to be in good progress.

We are extremely busy at this time and things are much better than we ever expected here for business. The best is yet to come to SPIN!

[SPIN_CEO]

I believe its just a part of house cleaning after the merger; and the “share changing hand” process toward visionary and longer term shareholders seems to be in good progress.

We are extremely busy at this time and things are much better than we ever expected here for business. The best is yet to come to SPIN!

[Soco54]

“There are things there I wouldn't have said (sell your position and do it slowly and I'll rebuild the company is not smart for a CEO to say) .... or would have said differently .....”

Yup lol. Once he said that I was like someone going to dump this thing lol hence today

[Amigo Mike]

John,

Apparently you don't understand the capital markets. My advice would be listed stocks vs the OTC.

Apparently you also don't get Dr Donovan drove SPIN into the ground making it worthless. Not Bitech. Bitech brings the new business and amy and all the potential value and only reason new SPIN mgmt owns all the shares was because Bitech owners own the company and didn't have outside investors.

The big share count is really irrelevant. Bitech owns 96% of the company. You own diddly. Again thank Dr Donovan for that as mgmt agreed to the deal and had the shares to do it. Don't forget you as a SPIN shareholder have a CEO who is dedicated to his company's success and have a chance to make some money back vs owning a shell company.

Gee I sound like I'm defending Bitech. Fact is any anger at SPIN should be directed at Dr Donovan and cronies plain and simple ... and including the pied piper of SPIN who suckered alot of people.

Amigo Mike

[John_Vallay]

I have bones to pick with CEO's that decide to award themselves billions of shares without a shareholder vote.

I have bones to pick with CEO's that decide to speak to a BIG SHAREHOLDER and disclose that candid conversation to me as if the big shareholder is more important than I am.

I have bones to pick with CEO's that structure a company where the ceo personally owns shares and then his other company UNITED INVESTMENT CAPITAL gets shares and then the same goes for a Board Member Bernice Nguyen and his/her private business gets shares.

They did these stock awards to gain majority ownership of the company which ensures they vote on everything and get everything they want passed. I have SERIOUS BONES TO PICK with such characters and private business dealings.

I have lots of bones to pick here

[Amigo Mike]

John,

Ya sound like you have a serious bone stuck in your craw there.

Reg FD is all about selective disclosure of material non public information. There's nothing in the post that violates Reg FD. And I'm sure you could call the CEO and talk to him any time you want. I've talked to dozens of CEOs over decades researching companies. There is no violation talking to an investor so long as there is no non public info shared.

I think your bone is with former SPIN mgmt. They drove this company into the ground and selected this deal for the future of this company. If ya don't like it .... your issue is with Dr Donovan. Not Bitech. Bitech would have been looking to make the best deal for their company. You can't place fault there. The fact that there's not much to go on as it relates to Bitech and it's product is Bitech's to rectify. Time will tell the outcome.

Seems you also need to do some research on the mining industry. A number of companies have done very well. In fact one I own today, the greenest of green miners just reported first CFP qtr on an operating basis and is going to triple the size of its business in the next 3 qtrs and have about a $100 million revenue run rate starting 2023 with more projects in the pipe. Mining just a means to a bigger end in batch computing.

Anyway, seems to me Bitech product isn't just about mining. So, we'll see. I'll keep an eye out on SPIN.

Amigo Mike

[John_Vallay]

SPIN CEO does not know public markets as he mentioned in his last post.

Regulation FD has nothing to do with INSIDE INFORMATION, or things that are public or private.

Regulation FD is put in place to ensure ALL investors, current prospective, are given the same opportunity to read managements comments, regardless of those comments having non public information.

8K's, press releases are considering in accordance with Regulation FD.

Investorshub may not be considered in accordance with Regulation FD, so instead of bragging how smart the ceo thinks he is, he should consult with his SEC Counsel and know what Regulation FD is.


Then, to claim he had a conversation with a BIG shareholder and had a CANDID TALK is 100% wrong. That is basically a definate violation of Regulation FD. I WANT TO KNOW WHTA THAT CONVERSATION CONSISTED OF. I DEMAND TO KNOW. WHY DID THE CEO NOT HAVE A WEBINAR OR A CONFERENCE CALL WITH ALL SHAREHOLDERS. Is this new ceo hand picking who he speaks with. That is a violation of Regulation FD. Why did I not have the opportunity> This big shareholder seems to have an advantage over me already which is a violation of Regulation FD.

Regulation FD requires all shareholders equal access to information. So you see, when a CEO trys to show-off how smart he is and makes comments to that, he can make himself look like an idiot.

In his last post he wrote - I won’t take any more of my precious time here in this chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.

That is a sharp turnaround from his original post where he wrote - My communication style will be very direct, straignt forward and speaking the truth as an avid entrepreneur who wants to build a great company long term in alignment with my vision on how to grow Bitech Technologies (OTCQB:SPIN) to the next level of growth. It is Saturday night my time in California and I’m writing this note as this is my dedicated work ethics and I do care for all shareholders of SPIN.


Lots of back tracking already

And then he has the nerve to write the following: I won’t take any more of my precious time here in this small chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.

This guy claiming this chat room is SMALL which is not important ? Meanwhile you opened this door by posting on this chat room.

He thinks this chat room is small and not important by his own admission and he also considers a big shareholder more important than every other shareholder since he had a long candid conversation with someone and that someone wasn't me and the other hundreds of investors.

you may want to hire someone to handle your communications and press releases because so far you have an F grade and you may be in violation of Regulation FD.

Educate yourself on what Regulation FD is and what it is not.

In cacse you need to be taught something: What Is Regulation Fair Disclosure (Reg FD)?
Regulation Fair Disclosure (Reg FD) is a Securities and Exchange Commission (SEC) rule designed to prevent selective disclosure by public companies to market professionals and certain shareholders.

You violated the rule by speaking to a big shareholder already and excluding everyone else.

[SPIN_CEO]

CEO’s respond to some negative comments:

I won’t take any more of my precious time here in this small chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.

1) As new CEO I will be focusing on the business of building this company which has a total different business model from the old SPIN which I have tried to communicate, at least once and for all, here.

2) Every ones has his or her own opinion, either positive or negative.

3) There is no violation of the SEC rule here. As CEO of a public company, I know and comply with the rules very well. There is/ was zero non-public info being divulged or discussed with big or small shareholder individually.

4) I wrote that intro email to introduce myself, my style and the new business/technology of SPIN, once and for all.

5) I have been very busy and will always be very busy building SPIN (BITECH) from this point.

Thank you and best regards,
Ben Tran

[SPIN_CEO]

Hi Amigo,

Agreed. I won’t take any more of my precious time here in this chat room which is not important to the growth of the Company to respond to those individual negative comments from a few people.

1) As new CEO I will be focusing on the business of building this company which has a total different business model from the old SPIN which I have tried to communicate, at least once and for all, here.
2) Every ones has his or her own a opinion, positive or negative.
3) There is no violation of the SEC rule here. I know the rules very well. There is/ was zero non-public info being divulged or discussed with big or small shareholder individually.
4) I wrote that intro email to introduce myself, my style and the new business/technology of SPIN, once and for all.

Thank you and best regards,
Ben Tran

[Soco54]

Yea It is obvious lol. I was just asking questions to get other folks that come into this to think about it. I was trying to be subtle lol. I have seen a few stinky pinky CEOs who diluted to trips come on iHub and post similar comments before the dilution hit. I have my free tickets for this ride at this point, but like you and I have said this product is just in its infancy. So many unknowns at this point.

[Amigo Mike]

LOL,

Isn't it obvious ??

A big shareholder of SPIN and I had a long and candid talk earlier today and he is extremely happy now after years of bitterness.

There are no more "big" pre Bitech shareholders in SPIN. New mgmt owns the show. Remember ... 96% owned ? Any former SPIN shareholder with a size position is no longer of any consequence excepting what they could do to the current stock price with the float as small as it is. 1 million shares now is a pissant position. .002 % of the diluted stock.

The new CEO could and should care less about former SPIN owners and simply do his thing to grow his business. Whether a former sizable SPIN investors is happy or not .. is .. irrelevant.

Like I said, smells like the pied piper of SPIN or one of his buddies. =)

Bottomline is the Bitech IP and product could certainly end up being a nice solution to a problem but .... its prerevenue for now and like I said .... there's almost nothing out there on it generating buzz about it. Soooooooooooooo ..... right now the markets is willing to pay about .14 cents for it.

I'd be looking for SPIN to find a bottom and more info from the company before I'd consider buying it again.

Amigo Mike

[Soco54]

This is just another red flag for me. If this product is a multi billion dollar product than why is the CEO so concerned about Ihub which is primarily for penny stocks? Why is he so worried about the pps at this level? Maybe he is genuine but he would definitely be in the minority of a penny stock CEO lol. With these guys issuing themselves these shares and if this company is a multi billion dollar company, wouldn’t that make this guy like a multi billionaire at 150 million shares owned. Why would this guy waste his time with this board? Just seems odd to me.

[John_Vallay]

Amigo Mike

I have owned SPIN to the tune of 825,000 shares and over the years and during these years I have bought and sold the stock. Sometimes for a loss and sometimes for a profit. I was really really hoping that when SPIN was going to do a reverse merger they would have done it with a much better company than Bitech.

SPIN was a very clean company when you looked at the share structure and them not having bad debt it was a good company for a reverse merger.

When I saw the Bitech announcement I got really pissed off because anything to do with Crypto, mining, NFT's and all the other things in this space are not successful to date. Not one company has proven to be successful in their stock price.

There are some companies that generated revenues, but none have real revenues. Real revenues meaning $25 million annually at the very least.

And when I see a CEO making a statement with absolutely nothing concrete and he refers to a large shareholder it is very disingenuous.

I am not a big time investor. I have about $175,000 in the market but I also take money out every year. I've had a profit every year for the past 6 years and while it is NOT big time money, I like to make a profit even if its a small profit.

This deal with Bitech is a head scratcher to begin with and when I read this post I was furious initially and now I am worried that this CEO is obtuse

[Amigo Mike]

So John,

Do you have history with SPIN .. the original company ... or history with Bitech ?

Just curious.

I too wondered about CEO posting here on Ihub ..... although I'm not certain there is any violation as there isn't any non public information there. Some things said make me wonder. There are things there I wouldn't have said (sell your position and do it slowly and I'll rebuild the company is not smart for a CEO to say) .... or would have said differently ..... but what's the diff if he posted that to Facebook page or even as letter to shareholders on the website. I did make a copy of it in case it "disappears" though. =)

The NTS stuff was nice ... it's public ... but was almost 3 years ago ... so what's the hold up in getting the product to market ?

Posting has a "pied piper" feel too it .... i.e. big shareholder of SPIN we all know.

Amigo Mike

[John_Vallay]

To SPIN CEO

Is posting on InvestorsHub.com in accordance with Regulation FD?

How many shares does the company have, as of TODAY, on a fully diluted basis?

How many shares are owned by insiders and how did insiders receive those shares...In other words, how many shares do the top 5 insiders own and what was their cost basis?

You mention you spoke to a BIG SHAREHOLDER - who is that shareholder? I do not want you to reply to me that his or her name is private - you brought up the topic so I expect you to disclose with whom you spoke with because I want to verify it personally?

Comparing yourself to QS is a bad idea because no 2 companies are alike. Their balance sheet is strong while yours would seem to be upside down. QS stock is down significantly in the last 6-months alone - In November it was $40 a share. Today it is $12 a share. That is a bog loss so for you to use them as an example I would be really really worried. In December of 2021 it was $125 a share. Not a good company for you to use.

As of right now, I don't have much trust in you because posting on a message board may actually be a violation of Regulation FD.

Putting that aside - your words were just that WORDS.
I want to see your responses to my questions in this post and then I can give my honest opinion.

[SPIN_CEO]

Greetings from CEO!

Dear existing SPIN shareholders,

Please let me take the honor as a new CEO of SPIN to introduce myself to the IH group. I hope everyone is enjoying the weekend.

My communication style will be very direct, straignt forward and speaking the truth as an avid entrepreneur who wants to build a great company long term in alignment with my vision on how to grow Bitech Technologies (OTCQB:SPIN) to the next level of growth. It is Saturday night my time in California and I’m writing this note as this is my dedicated work ethics and I do care for all shareholders of SPIN.

A big shareholder of SPIN and I had a long and candid talk earlier today and he is extremely happy now after years of bitterness. SPIN’s new management team (now Bitech Technologies) has been working so hard synergistically to build this new company to the next multi billion dollar company and we believe we can do it due to a number of factors in this hottest industry today where we believe our renewable energy technology is disruptive and pervasive. We believe some of old, existing shareholders of SPIN are not aware of the multitude of this multi billion dollar company where our disruptive energy tech could be so useful in so many applications outside of crypto mining. To name a few, our technology can be used in solar power plants, transportation, commercial and residential, and even EV (with some footprint modifications), and many more. Today, anywhere in the world, innovations in power saving have been the most sought after technologies and many power grids are facing new challenges, leading to a shortage or interruption of power, we believe this Tesdison technology we introduce to the world can forever change the landscape of the energy sector while helping our Mother Earth green again.

I’m personally proud to be the new CEO of this company knowing what I can personally contribute to the green movement in our generation, and knowing what I and my new talented, committed and capable core team can do to make this company the next global icon of the new energy sector with a new humble beginning today.

I appreciate you trust and patience to help us together build up what you have probably considered lost and disappointed as we, together, taking over the control of of our new destiny with the new SPIN, navigating toward the new direction with an exciting journey to make all existing shareholders handsome return on their investments in the near future.

For those who do not believe in the new SPIN (now Bitech), you can feel free to sell off your position and slowly exit; and I can promise to you I will rebuild this company once and for all to benefit those who believe in me and my management team and our disruptive technology, which, by the way, has been validated by NTS (www.NTS.com), the undisputed world leader of technology testing, validation, and certification.

If one can understand the power of this core technology we have controlled, then we can work together to support our generation currently in need, and the next generations. Many of our new shareholders, especially millennials, believe Bitech Technologies is a multi billion dollar company to be and it does not deserve a 3- 4M market cap! That’s why the new Board plans to authorize more shares to be used in the future (not necessarily issue all out), once and for all, without needing to ever authorize shares again in the future, at least for decades.

Almost a decade ago, a company named Quantum Scape (NASDAQ: QS) started its technology venture and even today they still do not have any revenue, How do the public perceive its fundamental analysis when their market cap today is over 5B with so much trading volume? It’s the innovative battery technology and that is the future of our generation and the next. Our Tesdison technology is a revolutionary patented battery technology fueled with a fly wheel mechanism, controlled by voltage-regulating microchip controller, thus producing more energy output and even working off-grid with minimal loss. What do you think this technology would worth once the world starts finding out more about Bitech’s Tesdison and its pervasive applications to so many industries that we will plan to penetrate down the road. You can visit our YouTube channel here for your edification: https://www.youtube.com/channel/UCSRlC1D28jUPJU2CDSfdE6w

As for me, I will continue to dedicate myself working with my committed management team to work very hard everyday to build up this company with long term growth plan as we plan to commercialize this breakthrough technology in the near future.

The Company will continue to communicate to the public very soon and very often from this point. Please keep on following our PR’s.

Again, thank you for your patience and trust!

It’s an exciting time for SPIN! It’s a time to love and also a time to build!

Ben Tran
CEO of Bitech Technologies (SPIN)

[SPIN_CEO]

Greetings from CEO!

Dear existing SPIN shareholders,

Please let me take the honor as a new CEO of SPIN to introduce myself to the IH group. I hope everyone is enjoying the weekend.

My communication style will be very direct, straignt forward and speaking the truth as an avid entrepreneur who wants to build a great company long term in alignment with my vision on how to grow Bitech Technologies (OTCQB:SPIN) to the next level of growth. It is Saturday night my time in California and I’m writing this note as this is my dedicated work ethics and I do care for all shareholders of SPIN.

A big shareholder of SPIN and I had a long and candid talk earlier today and he is extremely happy now after years of bitterness. SPIN’s new management team (now Bitech Technologies) has been working so hard synergistically to build this new company to the next multi billion dollar company and we believe we can do it due to a number of factors in this hottest industry today where we believe our renewable energy technology is disruptive and pervasive. We believe some of old, existing shareholders of SPIN are not aware of the multitude of this multi billion dollar company where our disruptive energy tech could be so useful in so many applications outside of crypto mining. To name a few, our technology can be used in solar power plants, transportation, commercial and residential, and even EV (with some footprint modifications), and many more. Today, anywhere in the world, innovations in power saving have been the most sought after technologies and many power grids are facing new challenges, leading to a shortage or interruption of power, we believe this Tesdison technology we introduce to the world can forever change the landscape of the energy sector while helping our Mother Earth green again.

I’m personally proud to be the new CEO of this company knowing what I can personally contribute to the green movement in our generation, and knowing what I and my new talented, committed and capable core team can do to make this company the next global icon of the new energy sector with a new humble beginning today.

I appreciate you trust and patience to help us together build up what you have probably considered lost and disappointed as we, together, taking over the control of of our new destiny with the new SPIN, navigating toward the new direction with an exciting journey to make all existing shareholders handsome return on their investments in the near future.

For those who do not believe in the new SPIN (now Bitech), you can feel free to sell off your position and slowly exit; and I can promise to you I will rebuild this company once and for all to benefit those who believe in me and my management team and our disruptive technology, which, by the way, has been validated by NTS (www.NTS.com), the undisputed world leader of technology testing, validation, and certification.

If one can understand the power of this core technology we have controlled, then we can work together to support our generation currently in need, and the next generations. Many of our new shareholders, especially millennials, believe Bitech Technologies is a multi billion dollar company to be and it does not deserve a 3- 4M market cap! That’s why the new Board plans to authorize more shares to be used in the future (not necessarily issue all out), once and for all, without needing to ever authorize shares again in the future, at least for decades.

Almost a decade ago, a company named Quantum Scape (NASDAQ: QS) started its technology venture and even today they still do not have any revenue, How do the public perceive its fundamental analysis when their market cap today is over 5B with so much trading volume? It’s the innovative battery technology and that is the future of our generation and the next. Our Tesdison technology is a revolutionary patented battery technology fueled with a fly wheel mechanism, controlled by voltage-regulating microchip controller, thus producing more energy output and even working off-grid with minimal loss. What do you think this technology would worth once the world starts finding out more about Bitech’s Tesdison and its pervasive applications to so many industries that we will plan to penetrate down the road. You can visit our YouTube channel here for your edification: https://www.youtube.com/channel/UCSRlC1D28jUPJU2CDSfdE6w

As for me, I will continue to dedicate myself working with my committed management team to work very hard everyday to build up this company with long term growth plan as we plan to commercialize this breakthrough technology in the near future.

The Company will continue to communicate to the public very soon and very often from this point. Please keep on following our PR’s.

Again, thank you for your patience and trust!

It’s an exciting time for SPIN! It’s a time to love and also a time to build!

Ben Tran
CEO of Bitech Technologies (SPIN)

[SPIN_CEO]

Greetings from CEO!

Dear existing SPIN shareholders,

Please let me take the honor as a new CEO of SPIN to introduce myself to the IH group. I hope everyone is enjoying the weekend.

My communication style will be very direct, straignt forward and speaking the truth as an avid entrepreneur who wants to build a great company long term in alignment with my vision on how to grow Bitech Technologies (OTCQB:SPIN) to the next level of growth. It is Saturday night my time in California and I’m writing this note as this is my dedicated work ethics and I do care for all shareholders of SPIN.

A big shareholder of SPIN and I had a long and candid talk earlier today and he is extremely happy now after years of bitterness. SPIN’s new management team (now Bitech Technologies) has been working so hard synergistically to build this new company to the next multi billion dollar company and we believe we can do it due to a number of factors in this hottest industry today where we believe our renewable energy technology is disruptive and pervasive. We believe some of old, existing shareholders of SPIN are not aware of the multitude of this multi billion dollar company where our disruptive energy tech could be so useful in so many applications outside of crypto mining. To name a few, our technology can be used in solar power plants, transportation, commercial and residential, and even EV (with some footprint modifications), and many more. Today, anywhere in the world, innovations in power saving have been the most sought after technologies and many power grids are facing new challenges, leading to a shortage or interruption of power, we believe this Tesdison technology we introduce to the world can forever change the landscape of the energy sector while helping our Mother Earth green again.

I’m personally proud to be the new CEO of this company knowing what I can personally contribute to the green movement in our generation, and knowing what I and my new talented, committed and capable core team can do to make this company the next global icon of the new energy sector with a new humble beginning today.

I appreciate you trust and patience to help us together build up what you have probably considered lost and disappointed as we, together, taking over the control of of our new destiny with the new SPIN, navigating toward the new direction with an exciting journey to make all existing shareholders handsome return on their investments in the near future.

For those who do not believe in the new SPIN (now Bitech), you can feel free to sell off your position and slowly exit; and I can promise to you I will rebuild this company once and for all to benefit those who believe in me and my management team and our disruptive technology, which, by the way, has been validated by NTS (www.NTS.com), the undisputed world leader of technology testing, validation, and certification.

If one can understand the power of this core technology we have controlled, then we can work together to support our generation currently in need, and the next generations. Many of our new shareholders, especially millennials, believe Bitech Technologies is a multi billion dollar company to be and it does not deserve a 3- 4M market cap! That’s why the new Board plans to authorize more shares to be used in the future (not necessarily issue all out), once and for all, without needing to ever authorize shares again in the future, at least for decades.

Almost a decade ago, a company named Quantum Scape (NASDAQ: QS) started its technology venture and even today they still do not have any revenue, How do the public perceive its fundamental analysis when their market cap today is over 5B with so much trading volume? It’s the innovative battery technology and that is the future of our generation and the next. Our Tesdison technology is a revolutionary patented battery technology fueled with a fly wheel mechanism, controlled by voltage-regulating microchip controller, thus producing more energy output and even working off-grid with minimal loss. What do you think this technology would worth once the world starts finding out more about Bitech’s Tesdison and its pervasive applications to so many industries that we will plan to penetrate down the road. You can visit our YouTube channel here for your edification: https://www.youtube.com/channel/UCSRlC1D28jUPJU2CDSfdE6w

As for me, I will continue to dedicate myself working with my committed management team to work very hard everyday to build up this company with long term growth plan as we plan to commercialize this breakthrough technology in the near future.

The Company will continue to communicate to the public very soon and very often from this point. Please keep on following our PR’s.

Again, thank you for your patience and trust!

It’s an exciting time for SPIN! It’s a time to love and also a time to build!

Ben Tran
CEO of Bitech Technologies (SPIN)

[Soco54]

For me it’s a red flag when people talk about shorting a penny stock or just some talking point by a poster to justify the pps drop. It’s just another bs thing that happens in stinky pinky land which it seems that’s where this is headed. I agree they need to do something to stir up new interest here. Who knows how much money this thing makes and how long it will take to come to market. I also heard Kevin O Leary say they are working on hydro and wind power to do the same thing this company claims to do. The only way this thing makes millions is if this product is amazing which is doubtful at this time. I completely get what your saying about the issuing of shares. If these guys had confidence in their product they wouldn’t have issued themselves that amount of shares to begin with.

[John_Vallay]

Managfement that worry about shorters usually means the business will do nothing great.

Good businesses with fundamental operations will provide investors with fair valuation.

As for SPIn or whatever the new symbol will be - 1 Billion shares outstanding means if they do $50 million in revenue, which I cant even imagine them doing 500 thousand, but lets say they do $50 million and they have $5 million in NEW profit, that comes out to $.005 a share profit.

Give that $0.005 a 20 multiple and the stock will be 10 cents a share.

When investing in a company, people to be made aware of fully diluted shares, convertible notes and multiples that are reasonable.

You are looking at a company that has ZERO in revenues so $50 million is highly unlikely which then means .005 a share on a fully diluted basis is highly unlikely which means 10 cents a share fair valuation is highly unlikely.

I am sure someone will disagree and call me names and say I am shorting the stock or have a hidden agenda.

I am sure the company would love to disagree but unless they show revenues and profit, I think management can't refute my words in this message post and they will operate their business and start issuing press release and hire some investor relations EXPERT that will attract new investors and drive the price up.

[Soco54]

I seriously doubt anybody is shorting this. One thing I do know is the pps went significantly down today back to where we were before merger and not a lot people want in on this as of now. Management shouldn’t be focused on shorters anyway at this point in time.

[trade4]

Just received an update, looks like someone started shorting the stock in April, I wonder who that could be...doubt the new owners will be amused...

[Amigo Mike]

LOL,

Guess you are referencing the proxy statement filed today.
1 Billion. Nice.

Only took a couple weeks to dilute the current shares by 40% (roughly 20 mil to 28+ mil).... looks like CFO got most of that .... but wasn't explained when originally noted. Dunno who got the rest.

No surprise really. And they don't need SPIN shareholders to vote as they own 96% of the controlling vote. And they say as much in the filing. LOL. No shareholder meeting this year. LOL.

At roughly 515ish million shares out on conversion .... this ain't worth a market cap of $100+ million. Surely more dilution to come although they have $1+ million on the balance sheet ...... dunno how they come to market with product without more money.

Be nimble.
Surprised ticker hasn't been changed yet either.

Amigo Mike

[Soco54]

Well they just increased the authorized shares to a billion

[Amigo Mike]

Welp,

This mgmt and company for that matter are unknown quantities. Hard to say if they are moving a thousand miles an hour or at a snail's pace.

And it's only been 5 weeks as a public company.

There's just not much to go on for the time being.

Amigo Mike

[Soco54]

Also they don’t seem to be in a hurry over anything

[Soco54]

The odd thing I find is that they haven’t been doing the news on iHub. The last PR wasn’t posted on iHub. I know iHub has been taken over by social media as the main way to pump a stock but still seems odd that they would do that if this is a pump and dump meaning not posting it on iHub. I got a good chunk of my initial investment already taken out of one account and all of it in another, as I haven’t seen much here from the company and this just seems like a scam to push onto the Q conspiracy theory folks. I was expecting a lot harder push by the company on the pps by now.

[Amigo Mike]

SPIN's latest 10Q was filed on Friday ... not showing here on IHUB

https://www.sec.gov/ix?
doc=/Archives/edgar/data/1066764/000149315222012341/form10-q.

Interesting to see Bitech doling out shares right off the bat ..... subsequent events .... >>>>On April 14, 2022 and April 19, 2022, the Company awarded 3,348,000 and 4,635,720 shares, respectively, of its restricted Common Stock which vest 25% on each anniversary after the award date so long as the recipients are providing services to the Company or one of its subsidiaries.<<<<

Consider last Bitech raise at .35 cents ..... for Bitech shares ..... and we'll say Bitech shares on merger were 94 million. Roughly valuing Bitech at $32 million. Using same rough valuation cause nothing has really changed with the company .... now SPIN at roughly 510 million shares fully diluted now .... LOL .... roughly 6 cents a fully diluted SPIN share

Doesn't seem they are in a hurry to do the conversion of the preferreds though.
Be nimble ....

Amigo Mike

[Amigo Mike]

Yeah .... I was kinda wondering ... what's new there.

Old news. Just watching to see what happens.

Amigo Mike