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Forget it mate. Just got my answer! :)
With Bitcoin blowing up any idea why this isn’t moving up mate?
BRIEF-Interbit Announces Proposed Change Of Business To Become A Mining Issuer
BY Reuters
— 1:47 PM ET 03/20/2020
March 20 (Reuters) - Interbit Ltd ( BTLLF ?Loading...):
* INTERBIT ANNOUNCES PROPOSED CHANGE OF BUSINESS TO BECOME A MINING ISSUER Source text for Eikon: Further company coverage:
Nelson, I own the stock. It's been halted since last week. Go to their website and check out the news releases.
Not according to the 6 blockchain patents they filed in China (who wants to be a leader in blockchain technology) this past November. Take a look
They are definitely changing to a mining company.
Wow! A pulse! Good to see someone is out there!
Do not know but hope not. Bigger concern is revenue, period
Let’s see what this year brings
GLTU
(Doesn’t seem to be anybody else!)
Moving into mining? Any thoughts?
Would does it have to do? Land on the moon before anyone notices?
HELLO????
Huge cash, no debt in a revolutionary industry. Do they succeed who knows. Price is very compelling at these prices compared to high of $15.00.
Also stated no reason for the volatility in recent actions
September 2019, Interbit had cash of CA$7.0m and no debt.
Filed national phase applications in China for all six of its Patent Cooperation Treaty applications.
patent protection in China for our technologies seems ever more important since Chinese leader Xi Jinping called for an acceleration of blockchain development in China at a Politburo study session
United States, the Company has filed expedited examination requests for its Hypervisor, Hyperconvergence and Payload Layer applications
United States for its Chainception patent application, and expects initial feedback in early 2020
https://www.globenewswire.com/news-release/2020/01/09/1968513/0/en/Interbit-Provides-Patent-and-Strategic-Review-Update.html
:) looking forward to the advancements.
Blockchain and crypto companies in the market seem to be bottoming.
Can’t remember a penny stock stock skyrocketing like this and such an eerie silence????
Website updated. Looks like moving forward buying on the low imo
Consider a well managed and fast growing
Galaxy Digital Holdi (BRPHF)
What is your opinion here?
Im thinking the same
looking like it may have bottomed, what do you guys think? think its time to hop in for a long swing?
Hasnt changed how low will it go
Perfect op to accumulate shares no volume was over $15.00
Looks good to me. will buy anything under a buck was $15 https://interbit.io/
name change just wait
Maybe but I am damn glad I dumped my shares way back in Dec 2017 for $7.50. Was not so smart with some of my other stinkers in 2018.
BTLLF: effective Jan. 10,2019 BTL Group Ltd. will change to Interbit Ltd.:
http://otce.finra.org/DLSymbolNameChanges
HAPPY NEW YEAR EVERYONE THIS BOARD IS GOING TO BECOME ALIVE IN 2019!!!
BTLLF Buy in the Red 52WK Low Sell in the Green whatever amount of Profit your Happy with!
BTLLF Moving up higher through first quarter 2019 Let's Go!
Not watching it now.
Do you know anything new ??This board has fallen asleep and along with BTL not updating us with much substance. I did hear from video interview of Guy that they will now start pushing a marketing program from here on to promote there product - Interbit.
Jan 2018 video gives great update on there successes and hints at future PR
Guy Halford-Thompson, BTL Group Ltd, at the Cantech Investment Conference, January 31 in Toronto.
Seems like BTL is famous for being non transparent and so now the only reason for the drop is Guy Halford selling about $100,000 today. Sure wish there was a way to get more information. Do you know of any besides Twitter? As there IR was not helpful when I wrote them.
Venzee and BTL Group Ltd Announce Partnership
Venzee Technologies Inc. (TSX VENTURE:VENZ) ("Venzee" or the "Company") is pleased to announce a partnership with BTL Group Ltd (TSX VENTURE:BTL) ("BTL") that will bring together the Company's data transformation solution, Mesh, with BTL's blockchain development platform, Interbit™.
Using artificial intelligence, Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks with conventional databases.
Kate Hiscox, President of Venzee Technologies Inc., commented, "Since announcing Mesh, we have had interest from enterprise customers, including major retail and globally recognized banks who are looking to deploy blockchain as part of their data strategy. BTL offers a world-class permissioned blockchain solution that, combined with Mesh, means we can provide an end-to-end solution that helps companies achieve their blockchain goals more efficiently."
Interbit™ is a blockchain development platform. Designed to be developer friendly using today's most popular and proven tools and languages, developers are empowered to build enterprise-grade blockchain-based applications without having to learn new tools or languages.
"We are very excited about our partnership with Venzee, especially as we believe it will result in a number of client projects originating from Mesh and BTL. The projects we see often include multiple data sources from the same or different companies. This is where Mesh helps connect the dots by merging and transforming data before it's written directly to Interbit or any applications on the platform," stated Dominic McCann, CEO of BTL.
Increasing adoption of Blockchain-as-a-service, rising cryptocurrency market caps and ICO's are simplifying business processes. This immutability and newly created transparency is expected to propel the growth of the blockchain market to US$7,683 million by 2022 (source: https://www.prnewswire.com/news-releases/the-global-blockchain-market-size-is-expected-to-grow-to-usd-76837-million-by-2022-300575324.html).
Venzee and BTL have entered into a letter of intent in respect of their partnership, the terms of which will be set out in a definitive agreement.
Better buying opportunity now; looked at 6 but thought it may go down more; pulled the trigger today @ 7.50....will buy more. Some day we will see consistent 6 digit volume....
$JPOTF @$.05 Buying Miners in Romania/Canada: I would like to share:
1) First the NR:
Jackpot Enters Into an LOI for the Creation of a Cryptocurrency Affiliate Jan 4, 2018:
https://ceo.ca/@fscwire/jackpot-enters-into-an-loi-for-the-creation-of-a-cryptocurrency
- The Assets include existing cryptocurrency Electrium mining operations located in a former NATO storage facility in Budapest, Hungary which have grown over the last year to over 180 cryptocurrency mining rigs.
- the Seller Group’s management and operating team will assume the direction of Electrium
- plans to significantly scale-up and expand into new facilities in Quebec, Canada.
2) I found Electrium Mining website (And info on CEO: Andrew Szabo): http://www.valhalla-mining.com/
"Andrew G. Szabo, CEO, launched his first internet company in 1996. He co-founded Date.com. Andrew co-founded Valhalla Mining in 2017 and is overseeing the development of artificial intelligence components of Electrium.”
3) I found an old url using way back machine internet archiver from June 2017: https://web.archive.org/web/20170625103531/http://www.valhalla-mining.com:80/results/
They have 180 rigs, therefore:
From the old url page, which was used as a sales page to sell their mining services:
1) they mine bitcoin.
2) in June 2017, one machine was able to mine 0.47425 Bitcoin
3) So at today's bitcoin value ($15,000) it would equal approximately $7100 USD.
4) 180 machines then would amount to $1.28million per month, yearly $15.36Million
5) Total Net Mining Results are calculated with the deduction of management fee
6) $JP market cap is $19Million at the moment.
4) Saw the following forward looking statements on Electrium site also: "The Future of Electrium is Beyond Mining"
Starting 2018:
1) Rigs ordered. Quebec, Canada data center to open Q1/2018
2) 4631 rigs operational Q2/2018
3) First bitcoin ATM placed Q2/2018
4) Trading platform launched / B2B/B2C Q3/ 2018
5) 15,000 rigs operational Q4 / 2018
6) 32,000 Rigs operational Q4 / 2019
7) launch lending business Q4 / 2019
8) launch crypto investment banking, acquire blockchain technologies, lead mining consolidation, target 80K rigs Q4 2020.
Here is a snapshot: http://cdn.ceo.ca/1d59hsr-future-of-electrium-is-beyond-mining.jpg
This is an interesting find! It certainly is an aggressive plan. 80K rigs is a lot!
Hope it all works according to plan!
Re: It's absolutely amazing how intertwined crypto and blockchain
Yeah - this week perhaps presents a buying opportunity. Crypto currency crack down in South Korea. Jamie Dimon commented he's not into crypto but he is into blockchain. Blockchain technology could find a bigger voice relative to cryptocurrency in the coming weeks.
BTL's a good one - solving actual problems using blockchain directly. Should have more diverse and unique growth opportunities than all those mining stocks.
Will hold on and see.
This is an interesting play for Blockchain they are hardly recognized with low float and they seem to have a unique solution. My guess is they are a buyout candidate for someone like IBM.
Still long thru $14 + ... waiting for Interbit release (eom)
I went long at 10.14 CAD, with a small amount. This should be a good stock for 2018. This is my only crypto play at the moment. Will keep an eye on industry developments.
Vela Technologies Buys Further Stake In BTL After Share Price Fall
By Alliance | Wed, 27th December 2017 - 07:45
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LONDON (Alliance News) - Vela Technologies said Wednesday it acquired 15,000 shares in Canada-based blockchain firm BTL Group Ltd at a price of CAD10.1966 each.
Vela, an early-stage disruptive technology investment company, acquired the additional stake for a total consideration of CAD152,949, equivalent to GBP90,140.
Vela's holding in BTL is now 595,000 shares. Its stake is around 2.9% of total shares in BTL and valued at around CAD6.0 million. Vela also holds 25,000 warrants in BTL exercisable at a price of CAD3.25 for a period expiring in April 2019.
The acquisition by Vela follows a series of sales of shares in BTL recently. The most recent such sale was announced last Wednesday when it netted CAD174,500 through the disposal of 10,000 shares at CAD17.45.
By Ahren Lester; ahrenlester@alliancenews.com.
http://www.iii.co.uk/alliance-news/1514360735928311000-3/vela-technologies-buys-further-stake-in-btl-after-share-price-fall
This company seems legit but does not seem to get the exposure as others, any reason why? Blockchain said in 2018 there will be something called "Lightening Network" does this impact BTL's interbit?
How many shares outstanding and the float?
How many shares outstanding and the float?
csudsu - are you still in a watching mode or did you add last Friday on the big dump? Just wondering as BTL is all over the place today but due probably to no trading in Canada! My thinking is that tomorrow with the Canadians taking the lead we will need to drop to about todays open around $9.80 CAD. As they will want to load up on some cheaper shares?!!
Got any speculation yourself?
It's absolutely amazing how intertwined crypto and blockchain are in the minds of investors. Until the public has a better understanding of the difference between the two the price fluctuations of the stock will be correlated. The future is bright for BLT Group regardless of the price of BTC.
Insider trades indeed. 400000 shares dumped last week.
Still, for investment horizons in the months, not weeks, with reasonable expectations, this stock is a buy if it pulls back to $10.50 CAD. If not, hold up to $14 (even though the executives have been selling at $12.25). Expecting this year will begin the Interbit-related revenue stream. And another wave of blockchain investment interest should come in for the ride.
Another update on this stock. I do not hold any positions, long or short, at the current time.
All of the official information is on the company website http://btl.co/ and SEDAR http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032415#
There are no known paying customers at this point according to what can be found on the Internet, but they do have serious engagement from very large energy companies in Europe. That industry does require long term (months) tests in production of new technology before adoption, and so the fact they have a production pilot going does mean that they are a significant front runner in the industry (this is just my opinion).
Some influential commenters are starting to say that the company is fully valued at this point. However, BTL's plan is to release something in early 2018 (see SEDAR, above), and that news should have a positive effect on the real valuation. So the question is at what point has the market already priced in that value.
BTL was #1 being sold yesterday by insiders with a net outflow of $750000 on the TSXV. The insider trading summaries are daily. They are set to be discontinued in March, for the stated reason that they put large investors at a disadvantage. You should also know that they can sometimes overstate the size of the selling because non-insider trades can get bundled in to the insider trades. Given all of that, I still think the odds are that an insider or insiders did sell a very large amount yesterday. https://www.tmxmoney.com/en/research/itm_important_info.html
https://app.tmxmoney.com/research/insidertradesummaries?locale=EN
VELA technologies holds a large number of shares in BTL (about 600000) and have been selling about 10000 per week for the past four weeks. Not much of a concern, considering the very large position and slow unwinding.
www.iii.co.uk/research/LSE:VELA
Apologize for the noob questions on this company but have not been able to find out anywhere how many employees, customers and business deals BTL actually has?
is there a location where this is posted?
Also who are their customers ?
and how much business they are actually doing ?
Stuff I read and the news releases have a lot of buzz words in them but am not 100% sure if this is a shell a la pump and dump or an actual viable business... would love to get hard data somewhere
Is the overall sentiment that these guys will become a market leader in this at some point?
tnx
No way would I sell this stock here
Maybe trim a bit if you are already in
But this market cap is ridiculous
Story just being picked up by investors
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The Interbit blockchain platform facilitates the rapid development of business applications that will
dramatically improve efficiency across several industries. Some of the world’s largest institutions
are using Interbit to explore new opportunities on private blockchains.
SHARE STRUCTURE:
OS: 18,452,853
Corporate Presentation:
http://btl.co/assets/pdf/BTL_Corporate_Presentation_Q2_2017_LATEST_0420.pdf
Blog:
BLOG: Good source for info
http://btl.co/blog/
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