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TimefireVR Inc. (TFVR)

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TERAFORGE Ventures Inc.

"Formerly TimeFire VR, we are in the process of changing our name to TeraForge Ventures Inc. to reflect our transition from VR into blockchain technologies."
 
TimefireVR Inc.is engaged in the business of mining bitcoin and other cryptocurrencies. It is also seeking to acquire businesses in the blockchain and /or cryptocurrency sectors. It previously was engaged in the virtual reality business but was unable to generate material revenue and sold that business back to its founders early in 2018.


OTCQB Ticker:  TFVR 
 
The Company appointed Mr. Jonathan Read to serve as Chief Executive Officer, Secretary, and Treasurer. Mr. Read has been a director of the Company since August 18, 2017. 
From July 14, 2017 until July 30, 2018, Mr. Read served as a member of the board of directors of BTCS Inc. a blockchain technology focused company.
 
 
As of 8/8/18
Outstanding Shares: 235,460,470
Restricted: 63,775,428
Unrestricted: 171,685,042

 
As of 08/10/2018
Market Cap: $988,934




 



Link to SEC Filings:

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000748268&owner=exclude&count=40&hidefilings=0

 


TimefireVR Shifts Primary Corporate Focus Towards Strategic Investments in Blockchain Technology and Potential Related Acquisitions

 

Jan 04, 2018

OTC Disclosure & News Service

-

SCOTTSDALE, Ariz., Jan. 04, 2018 (GLOBE NEWSWIRE) -- TimefireVR, Inc. (OTCQB:TFVR) (the "Company") today announced shifting its primary corporate focus towards the strategic investments in crypto currency and potential acquisitions of blockchain technology businesses. As part of the shift in strategic direction, the Company has sold its virtual reality assets and appointed Mr. Jonathan Read to serve as Chief Executive Officer, Secretary, and Treasurer of the Company. Mr. Read has been a director of the Company since August 18, 2017. Since July 14, 2017, Mr. Read has served as a member of the board of directors of BTCS Inc. (OTC Pink:BTCS), a blockchain technology focused company.    

“Blockchain technology and its application of crypto currencies is an amazing enabling technology paradigm that will have a profound and disruptive impact on a host of industries,” stated Jonathan Read, Chief Executive Officer of TimefireVR. “I am incredibly proud of our accomplishments in virtual reality; however, the Board of Directors made a strategic decision, in the best interest of our shareholders, to leverage my experience in blockchain technology where I serve as a member of the board of directors of BTCS Inc. (OTC Pink:BTCS), our strategic business vision and our ability to access the capital markets immediately.”

The Company is already in discussions to evaluate specific opportunities involving blockchain technology, decentralized digital ledgers that record and enable secure peer-to-peer transactions without third party intermediaries secured by miners that use powerful computer networks to secure and verify every transaction. The Company has made initial investments in the space and is actively pursuing additional investments in crypto currency as well as one or more acquistions of blockchain technology companies.   

Initially, the Company will be focused on Ethereum, a leading blockchain platform for Decentralized Applications (“DApps”), which are applications that run on a peer-to-peer network of computers instead of on one single computer or server. DApps allow developers to write smart contracts and decentralized applications where the developer chooses its own rules for ownership, transaction formats and transition functions. Multiple types of DApps are now being created by others across multiple categories, including finance, governance, community, legal, health, education and gaming.

Concurrent with this announcement, the Company announces the sale of its virtual reality assets, primarily the social media/education platform and virtual world known as “Hypatia” to a group of investors including its original founders, John Wise and Jeffrey Rassas. Consistent with this sale, the company expects to change its name following board of directors and shareholder approval.

Mr. Read concluded, “We are extremely proud of the extraordinary products produced in our VR endeavors. We wish Mr. Rassas and his team great success and continued leadership in their field.”

About TimefireVR Inc.
TimefireVR Inc. is an Arizona based technology company now focused on strategic investments in blockchain technology solutions. Previously, the Company developed virtual reality content, tools, and services.

 




 
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TFVR News: Withdrawal of Registration Statement (rw) 08/16/2018 04:20:39 PM
TFVR News: Quarterly Report (10-q) 08/14/2018 05:18:19 PM
TFVR News: Proxy Soliciting Materials (revised) (prer14a) 08/14/2018 10:40:34 AM
TFVR News: Current Report Filing (8-k) 08/09/2018 06:12:44 AM
TFVR News: Current Report Filing (8-k) 07/11/2018 05:13:57 PM
PlusOneCoin Top Posts
#11669   I build crypto mining operations for private investment Crypto Dwane 08/12/18 08:15:03 PM
#11695   So mining started in late April and the sonofahb 08/15/18 09:17:53 AM
PostSubject
#11677  Sticky Note Do you realize this was while testing equipment tooroc 08/14/18 11:33:44 AM
#10452  Sticky Note Looking at the financials they are FUGLY as SilverBack 06/03/18 08:12:46 PM
#11721   This is where the ceiling usually is at investor2004 08/17/18 04:57:42 PM
#11720   The problem is to execute a trade. Sometimes Samshalom1 08/17/18 03:08:58 PM
#11719   Is anyone successfully day trading TFVR? Seems like Jidoe 08/17/18 02:53:17 PM
#11717   I spend 2 weeks in the ADK and Lfrye 08/16/18 10:13:40 PM
#11716   Withdraw Registration Statement on Form S-1 (File No. 333-215973) H2004 08/16/18 07:17:59 PM
#11715   No worries.=-) Saw there is a part investor2004 08/16/18 06:30:03 PM
#11713   Sorry I just saw you found it as well... Flyhalf 08/16/18 06:15:43 PM
#11712   This could be the S1 they are referencing.... Flyhalf 08/16/18 06:14:11 PM
#11711   I looked back at it. Was still there. investor2004 08/16/18 06:00:33 PM
#11710   So was this S1 already pulled from all chupon 08/16/18 04:54:56 PM
#11709   Its ok.=-) I just realized I have investor2004 08/16/18 01:59:24 PM
#11708   Maybe trying to push the big losers out investor2004 08/15/18 10:18:01 PM
#11707   Thanks. Yup,a kick on the teeth Samshalom1 08/15/18 10:15:17 PM
#11706   Corrections: I meant to hit RS instead of RV...sorry Lfrye 08/15/18 10:07:23 PM
#11705   Page 11 under Other Agreements in 10q investor2004 08/15/18 10:07:19 PM
#11704   The vote on the RV has me confused...back Lfrye 08/15/18 10:05:31 PM
#11703   Yeah there certainly has been much bad faith Samshalom1 08/15/18 09:19:01 PM
#11702   With 500+ shareholders and the downward spiral with investor2004 08/15/18 09:06:06 PM
#11701   In my opinion, TFVR wants their stock price Lfrye 08/15/18 08:18:17 PM
#11700   Fine. However, they already burnt this bridge investor2004 08/15/18 07:19:36 PM
#11699   63 companies up-listed from OTC in 2017. Would tooroc 08/15/18 03:35:39 PM
#11698   LMAO... This company always was and will be CIMA7 08/15/18 03:30:43 PM
#11697   It’s mid quarter. Has the equipment been relocated, Dijibu 08/15/18 03:11:15 PM
#11696   So far it's just another 14a with no tooroc 08/15/18 11:12:05 AM
#11695   So mining started in late April and the sonofahb 08/15/18 09:17:53 AM
#11694   The only winner based on the new pre Dijibu 08/14/18 10:28:02 PM
#11693   The going concern warnings better start matching action investor2004 08/14/18 09:15:01 PM
#11692   Looks like we have a lot of debt. chupon 08/14/18 06:59:05 PM
#11691   The VanEck ETF vote is scheduled for 9/30. tooroc 08/14/18 05:17:59 PM
#11690   Ok, well like I have said many times Samshalom1 08/14/18 04:58:34 PM
#11689   So the LOI and two postponed meetings are tooroc 08/14/18 04:45:49 PM
#11688   Have you seen his twitter feed? It’s obvious Flyhalf 08/14/18 03:53:14 PM
#11687   From the Pre14: Bohdmeist 08/14/18 03:51:15 PM
#11686   So they have until 9/21 and no plan Samshalom1 08/14/18 02:42:42 PM
#11685   And, how about some estimates on the mining investor2004 08/14/18 02:26:05 PM
#11684   what flavor kool-aid do these guys drink? I'm dontpumpme 08/14/18 02:08:31 PM
#11683   Well said Samshalom1 08/14/18 01:59:38 PM
#11682   Honestly, the one thing I can not believe investor2004 08/14/18 01:56:44 PM
#11681   Once again, I don't know what to think. chupon 08/14/18 01:55:53 PM
#11680   The failed LOI with Crypto Currency Terminal; the Samshalom1 08/14/18 12:49:30 PM
#11679   Could you be more specific. What "many things" tooroc 08/14/18 12:32:50 PM
#11678   I get what you are saying. However, many Samshalom1 08/14/18 11:42:24 AM
#11677   Do you realize this was while testing equipment tooroc 08/14/18 11:33:44 AM
#11676   This was stated on July 10 news. "To Texlotteryticket 08/14/18 09:28:55 AM
#11675   I'm with Maniana. LMAO... What are you smoking? CIMA7 08/13/18 11:53:09 PM
#11674   I agree. Crypto is here to stay and tooroc 08/13/18 10:39:02 PM
#11673   lmao, please stop! Maniana 08/13/18 10:08:03 AM
#11672   You mean some heavy duty money making machine here? javanz 08/13/18 10:05:11 AM
#11671   ROFLMAO! G1 Maniana 08/13/18 09:52:31 AM
#11670   Should be up to about two coins already? javanz 08/13/18 09:35:15 AM
PostSubject