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You cite a report that is over ten years old regarding some bad actors and draw a set of tenuous relationships to Simon Rubin who is currently involved with the management of First Bitcoin (BITCF), Bots (BTZI) and Kronos (KNOS).
First let's note that KNOS is currently listed on the OTC as Pink Current Information, Verified Profile 08/2021, Transfer Agent Verified and with Independent Directors.
Regarding the exchange of 600,000,000 BIT for $1,000,000 in debt, Coinmarketcap.com lists BIT as an "Untracked Listing" and shows the following...
First Bitcoin (BIT) Price Quote on Coinmarketcap.com
BITCF and KNOS are most def connected
On December 31, 2019, BITCF transferred 600 million BIT tokens, a digital currency, to KNOS in exchange for a $1,000,000 debt Note owed to BITCF by KNOS. It is confirmed in filings made by both companies.
KNOS filing (see page 5)
https://backend.otcmarkets.com/otcapi/company/financial-report/240225/content
BITCF filing (see pages F-15 and F-72)
https://www.otcmarkets.com/filing/html?id=13835398&guid=NPIHUK9-QPwku3h
So how much are those 600 million BIT tokens worth?
Well KNOS values them at $1,000,000 on its balance sheet which is the price they paid for the tokens, but GAAP accounting doesn't allow for it to be valued that way. The actual value would be based on what the security is worth. BitTokens currently sell at $.00002615 each so 600,000,000 of them is worth $15,684.
https://www.coingecko.com/en/coins/bitrewards-token
Even back on December 30, 2018 when they were "sold" to KNOS they were only worth $.00052509 each for a total of $315,054.
So BITCF got the better end of that deal.
(if that's the wrong currency please let me know the correct one)
As of September 30, 2019 (the last date BITFC reported financials), BITCF only showed $13,187 in digital currencies left on its balance sheet.
So why did BITCF give KNOS such a good deal? Well that's simple.
BITCF got suspended by the SEC for on August 23, 2017
https://www.sec.gov/litigation/suspensions/2017/34-81474.pdf
Quote:
"because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure,"
The BITCF insiders probably understood that the BITCF offered very little value at that point so they eventually started looking for ways to monetize their assets.
KNOS was led by a guy named Marc Kloner from Woodland Hills, California, the same hometown of BITCF's control person, Greg Rubin (aka Greg Rubinov).
And eventually whatever relationship Kloner and Rubin developed that led to the sale of the BIT tokens led to much more.
The connections between KNOS and BITCF would become much deeper starting in late 2019.
On October 1, 2019, BITCF loaned KNOS $250,000 (see the first image above).
Around the same time, the Chairman of BITCF, Vyacheslav Abramov, became the new Chairman of KNOS and Micheal Rubinov (related to Greg Rubin - control person of BITCF) became the new president of KNOS.
https://backend.otcmarkets.com/otcapi/company/financial-report/240225/content
The CFO of BITCF, Michael Handelman, became the new accountant for Kronos
https://www.otcmarkets.com/stock/KNOS/profile
KNOS also moved its corporate address next door to a Dentist Office where Greg Rubin worked for many years in Calabasas, CA.
https://www.calabasasdentalinstitute.com/dentist-in-calabasas/
https://web.archive.org/web/20140119144621/http://calabasasdentalinstitute.com/greg-rubin-dds/
For the record, BITCF also has very small associations with SING, REFG, PQEFF, and DATI in the form of nominal share ownership in those Issuers due to arrangements involving some kind of WEED token and the sale of other tokens, but nothing like how the BITCF crew basically took over KNOS.
So why does it matter that the BITCF crew has such a big presence now in KNOS?
Well for starters, the $1,250,000 in toxic debt will lead to dilution when it is converted into discounted free trading stock.
But more so because of the bad history of BITCF which goes much deeper than just an SEC suspension.
Read an indepth history at the following link:
https://web.archive.org/web/20140116031348/http://www.pumpsanddumps.com/2014/01/bitcon-bitc-is-destined-to-defraud.html
For better or worse, KNOS has basically become the new BITCF.
Good luck with those old portable air purifier systems
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155794471
KNOS made a whopping $3,000 in 2019 so that's not exactly a great start.
And good luck with Kevin Harrington. He has a notably bad history with other penny stocks:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155738012
BOTS, Inc. is a minority shareholder in KNOS as well as KNOS's largest creditor through a subsidiary that BOTS acquired from First Bitcoin Capital (OTC:BITCF). Stinky Pinky Much?
You all should post on the btzi board to let investors know just how great their new management team is.
Miami jury rules in favor of Craig Wright, who claimed to invent bitcoin
https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html
It sounds like bitcf screwed over their own shareholders.
You initially asked for an explanation of why First Bitcoin Capital Corp sold the patents to Bots. In exchange for selling their subsidiary, First Bitcoin Capital, LLC to Bots they received enough shares of Bots to give them controlling interest in the company. In effect, they didn't lose anything and they acquired an asset whose valuation was increased by the patents and other assets that were transferred.
No one is disputing that Bot's now has to do something with those assets or come up with new sources of revenue.
Note 5 Acquisition says Bots acquired BITCF whick paid BITCF in shares of BOTS.
Having a patent so they, Bots, can look better in the eyes of investors will be a failure. Eventually investors will not invest or buy shares because owning patents is not enough. Bots must do what BITCF did not or could not do.
Do you realize that First Bitcoin received controlling interest in BTZI as a byproduct of that transaction. In other words, they own Bots, Inc. They simply moved the subsidiary that owned the patent (Bitcoin Capital, LLC) which was not publicly traded into a new subsidiary (Bots, Inc) that was publicly traded and whose stock price could benefit from the move. Consequently, BITCF was able to benefit from the increased valuation of their new BTZI subsidiary.
Bots 2FQ22 10-Q Financial report
Request background on why BITCF did not gain or profit in royalties of it's patents. That I know of, US patent 9,135,787 B1 was transferred to BTZI(BOTS, INC.).
See this reference:
https://www.facebook.com/Bots.Bz/
Is or was something wrong with the patents? Can they be enforceable.
Appreciate any explanation.
Simple Answer,,,,never. Because thats what lying frauds do.
Q: When we will see you honoring the deal with bitcf shareholders on #ATM patent transfer to @BOTS_bz
Wow…so these guys are posting legal docs promising shares to holders and not giving them out?
Celente Asserts Economy Going Digital ......
Eternally animated and colorful Market analyst Gerald Celente asserts the Economy is heading toward DIGITAL .....
Gerald manifests the courage to speak his mind and truth in a way I find quite entertaining ..... while being unsettling ..... if one has the ears and time to actually hear his message !!! .....
Market Reformer Wes Christian Reveals Naked "Truth" .....
Long-term Market reformer Wes Christian reveals the fundamental mechanics still impacting financial Markets today .....
One hears a lot of talk relative to cleaning-up pervasive shady Market trading practices ..... though one finds little to No practical action or incentive to act on behalf of those "having-their-clocks-cleaned !!! " ..... as long as a seeming majority of ..... those graciously referred to ..... as "Congressional-public-servants" continue to benefit from "riding-the-gravy-train" .....
I can't say I have any concrete answers or solutions ..... though the man who moderated "The Money Master's" documentary offered by way of my last post ..... the one directly following this one ..... takes the last thirty minutes of his lengthy presentation to pose potential SOLUTIONS ..... with respect to the never diminishing Central Banking dilemma ..... which a compromised and deception-oriented Congress set into motion December 23, 1913 by way of the Federal Reserve Act ..... which President Woodrow Wilson referred to as the greatest mistake of his administration as he was headed out the door ..... Instinctively smart man !!! .....
Mr. Christian's perspective directly follows .....
Will digital currency find a footing ? !!! .....
One finds allegations toward meaningful action ..... with results in short supply !!! .....
Personally ..... I do not see how the Federal Reserve can remain positioned to dominate the global economy eternally ..... in light of its predatory practice of "Fractional Reserve Lending" by way of the continuing strategy of the Central Banking System as it has been practiced since ..... and before ..... the Federal Reserve Act of 1913 came into play .....
I am not aware of any credible push-back against allegations offered by way of "The Money Master's" three-plus hour documentary .....
Are you talking about Cryptocurrency issuers in general or First Bitcoin in particular. Since the SEC does not make public who they are investigating I assume you are speculating in general, otherwise, please present your evidence.
SEC is cracking down on them as we speak.
In general, it's wise to understand what you are investing in and how it can be manipulated. Just because someone starts selling something called a cryptocurrency, it doesn't make it a smart investment. What that article describes is a way investors can be swindled. However, it doesn't apply to all crypto coins (e.g. Bitcoin & Ethereum), only those based on dubious assumptions.
Any topic is better then this sham.
Most unfortunate the way Markets are shaped !!! .....
You may not be familiar with the general Market-manipulation information provided in significant detail by a "long-time reformer" ..... Wes Christian .....
I had never realized that anybody actually understood the issues as well as Mr. Christian seems to !!! .....
I am finishing my second evaluation since there is a great deal of technical detail !!! .....
The information offered by Mr. Christain potentially applies to every stock ticker in existence ..... as far as I can tell !!! .....
You comment is way off topic and should be deleted !!! ..... This BITCF Board is not intended for commercial promotion !!! .....
You are lucky my Internet crashed for a few days before I could delete your comment as OFF TOPIC !!! ..... Sorry !!! ..... In this case ..... the TOS rules simply make common sense !!! .....
Best Wishes
what was never going to happen. If its about this blockchain bitcoin stuff check this out. http://www.gunthergrant.com/five.html
Just another lie from 2 criminal scam artists. It was never, ever going to happen.
Also BITCF's Facebook link .....
This Facebook link of BITCF's appears to be very much alive and working !!!
https://www.facebook.com/BITCF/
Best Wishes
I located this BOTS information concerning the BITCF-merger .....
Seeing this particular information for the first time ..... And cannot verify any of it !!! ..... at this point ..... though I can say a link to BOTS on the page is active and enables one to send a message .....
I have not received the shares due to me, very bad.
BTZI shares never distributed as-far-as-I-can-tell .....
Were these shares ever distributed to BITCF share holders?
All Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall receive 1 share of BTZI common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp. upon a record date being set by First Bitcoin Capital Corp.
Its coming! I’m surprised that there’s not more eyes on this!!! Let’s get this party started!
BITCF...08...Bollie Squeeze here...:party:
Difficult to say ..... very infrequent reporting .....
Where is Simon Rubin?
I jumped in the company #FirstBitcoin because of the ideas about innovation #blockchaintechnology #cryptocurrency #osintforgood U.S. Securities and Exchange Commission https://t.co/oTZaZ33x3T
— Jan Taco te Gussinklo (@DutchBW) April 3, 2021
It seems your awareness is proceeding correctly !!! .....
What you say concerning BITCF strategy makes a lot of sense !!! .....
On the other hand ..... I think it is great that people are looking toward Bitcoin as an investment ..... because I feel it fills an important niche in the scheme of things ..... while I am occupied taking a deeper look at Hedera Hashgraph ..... The practicality and economic benefits of their technology ..... along with other numerous implications ......
Hedera CEO Mance Harmon asserts "literally everything" will become a TOKEN ..... What if he is correct ? !!! .....
I had hoped Hedera might be a security though finally faced to accept it is a "TOKEN" called HBAR .....
Surprisingly ..... a splinter group of Hedrea Hashgraph Investor's can be located on the HBAR Investor's Hub Board ..... Little more than a handful of interested people at this point !!! ..... while I noticed ..... some were mentioning "Robinhood" back in May of 2020 .....
Critic's will raise issues about HBAR though I firmly believe ..... given time ..... all substantive issues will be resolved ..... with the input of such impressive brilliance already in place .....
I recall ..... I likely posted inventor Leemon Baird's Harvard University talk some months ago ..... and ..... for me ..... I found it challenging to follow all the "smart cookie's" in the room ..... though I picked-up the "gossip thread" as the primary scaffolding of their technology .....
One notices Hedera's governing body is heavily loaded with prominent International player's like IBM, Boeing ..... and Google to mention only a few from the diverse group of 39 .....
Ideally ..... I would like to accumulate as many HBAR's as possible before the masses "dive in" ..... at least a "token holding" ..... until the "contentious dust" settles !!! .....
It seems likely First Bitcoin Capital Corp might find specific applications for the Hashgraph technology in their own business pursuits ..... though impossible to get any inkling of a clue as long as BITCF management remains silent !!! ..... And I recognize ..... when a Corporation is in a development phase .... It seems prudent to remain SILENT !!! .....
Best Wishes
I imagine that since they are now managing BTZI, they may have some concern about dumping up to 100 million shares into the hands of BITCF shareholders who may want to just sell them to cash out. This could potentially put downward pressure on the BTZI pps. Until recently BTZI was trading under $.05/share. Now that it's up over $.20/share, people who receive dividend shares may not be as quick to cash out. BITCF shareholders may actually be lucky they didn't get the shares and sell them when they were trading around $.02/share.
In any event, timing is important and they may wait for BTZI to become current on their financials (which they claim will happen soon) before announcing details on any share dividend.
Good to hear BTZI-dividend still breathing !!! .....
Thanks for posting !!!
BITCF owns a huge amount of BTZI!
"In exchange for the acquisition of these assets, BOTS, Inc. issued 100,000,000 of its shares of common stock and 30,000,000 Series A Preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60,000,000 shares of Series A Preferred upon reaching certain milestones.
All Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall receive 1 share of BTZI common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp. upon a record date being set by First Bitcoin Capital Corp.
As the largest shareholder of Bots Inc., First Bitcoin's management is expected to transition to Bots, Inc., in the immediate future."
Not really, the frauds and liars running these scams keep lying. For instance, did BITCF shareholders ever get the 1 for 4 from BTZI? Nope, just another lie.
The price of this stock should be more correlated to BTZI, which exploded this week.
Only bitcoin stock yet to explode!!
Volume almost 3x average today.
Agreed on Doge's supply being too damn high.
I like Ethereum a lot but the fees are also too damn high.
Total coins available after mining is complete:
Bitcoin 19M
Litecoin 66M
Ethereum 115M
Polkadot 908M
Tether 28B
XRP 45B
Dogecoin 128B sorry but this quantity is way too much
As you can see, Bitcoin stands no chance at being a mid-to-long term legitimate international currency. It is all hype and trading. NOWHERE NEAR ENOUGH AVAILABILITY AND NEVER WILL BE.
Real crypto enthusiasts interested in a legitimate unregulated international crypto-currency will choose an alternate.
Hashgraph Hits "Growth Curve" In 2021 .....
If you have been following my posts on the $BITCF Board over the last several years ..... both Mike Maloney and Mance Harmon will be familiar names for you .....
I am currently about half-way through reviewing this Cryptocurrency related presentation ..... and already feel the information is too important to delay posting .....
So I leave the issue to "Sage Investor's" to make their own decisions .....
Naturally ..... my hope would be that First Bitcoin Capitol Corp ..... might be paying attention ..... and have something relevant to add to the conversation !!! .....
I will take 0.35 in the next month, georgie.
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CoinQX.com, a wholly-owned subsidiary of First Bitcoin Capital Corp.com, which is currently trading on OTC Markets under symbol BITCF, is the first publically-traded digital currency exchange
offering a safe and secure platform for the seamless conversion and trading of Bitcoin and more than 100 other crypto-currencies.
CoinQX.com will offer traders the option of creating a digital wallet in order to begin trading crypto-currency with ease and efficiency.
The front-end suite provides Bitcoin traders with a comprehensive market view with advanced functionality including customizable market depth, time and sales,
advanced charting with overlays, drawing tools, customizable time-frames and indicators, and algorithmic trading.
LATEST NEWS
TEL AVIV, ISRAEL / ACCESSWIRE / July 16, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and the developer of blockchain powered technology is proud to announce today that it has entered into a purchase agreement to acquire U.S. Patent No. 9,135,787 - “Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same.” Known as the “Bitcoin ATM patent” this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash or debit or credit cards.
Bitcoin ATMs do not require their users to have bank accounts, so customers can simply pay and instantly buy or sell Bitcoin or other cryptocurrencies.
Greg Rubin, Company’s Chief Executive Officer stated, “Being the first ever publicly traded company in the Bitcoin and Blockchain industry, we are always developing, identifying and looking to acquire important intellectual properties, as we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field.”
According to Coin ATM Radar, there are more than 3,000 Bitcoin ATMs in the United States as of July, 2019, with average daily 3.7 Bitcoin ATM installations in the US.
https://coinatmradar.com/charts/growth/united-states/
All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same.
U.S. Bitcoin ATMs represent 13.5 percent of all venues transacting in the digital currency worldwide, according to research by Larry Cermak, head of analysis at The Block.
It is expected that this number of Bitcoin ATMs will continue to rise in the near future with more and more people discovering bitcoin as a payment method and store of value.
First Bitcoin will develop strategies for structuring and implementation of an IP management plan. A business plan prepared by a third party foresees the owner of this unique Bitcoin patent earning more than 50 million dollars in profits over a 5 years period.
The acquisition of the Bitcoin ATM Patent was arranged through the facilities of IPOfferings LLC, a leading patent brokerage, patent valuation and IP consulting services firm."
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) (BITCF) (BITCF) began developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and BlockChain-centered Company, we provide our shareholders with diversified exposure to digital cryptocurrencies and BlockChain technologies.
The Company began developing it's own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
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