XTRA Bitcoin Inc (CBTC)

[gail]

grabbed some here.

[Triple nickle]

I’m not sellin down here at all

[Triple nickle]

Yes sir

[kenbkb]

Dang, a double in one day so we now have a triple in a few days. Timing, timing, timing. The volume is staggering.

[Cbrnlol]

Took a position yesterday lol. 1/3 left in. Profits and free shares are lovely :)

[chris6789]

Looking real good today............

[Triple nickle]

Multi day runner here folks

[Triple nickle]

Keeps comin

[Triple nickle]

Lol poor cdel

[Triple nickle]

Two days of runnin folks
Get what ya can
Can all ya get
And sit on the can

CBTC

[Triple nickle]

Lol cdel been so screwed on a lot of stocks lately they think they have a play here.
Slap the ask and show them who’s boss

[Triple nickle]

01 comin folks

[cparma]

EXPLODING TODAY!!!! Stock is SO SO THIN Too!!!!

[Triple nickle]

Big smile goin here
Y’all doin it

[Triple nickle]

New day now
Hold what ya got

[Triple nickle]

Looks like a good day here
Congrats to y’all

[cparma]

This stock has been asleep for awhile. When it gains interest though, it can really, really move up in a Hurry!!

[cparma]

Nice Day today. Maybe the start of a BIG, BIG Run....this stock is SO THIN

[TheSerb]

ADDED AGAIN!!!!!!!!!!!!!!!

[Turkishly]

Good morning TRIPS. I really don't know where we are headed anymore.

[Triple nickle]

Good morning CBTC’ers

[surfkast]

Scammer got shot down by the SEC due to abandoning the filings!
Now they can't dump their shares!

In the Matter of
XTRA Bitcoin
912 Bobwhite St
Fruitland, ID 83619
ORDER DECLARING OFFERING
STATEMENT ABANDONED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED
File No: 024-11745
_______________________________
XTRA Bitcoin, Inc., filed with the Commission an offering statement to qualify an
offering of securities under Section 3(b) of the Securities Act of 1933. The offering statement has
been on file for more than nine months and has not yet been qualified.
In view of the foregoing, it is ORDERED that the offering statement be declared
abandoned on December 2, 2022.
For the Commission, by the Division of Corporation Finance, pursuant to delegated
authority.

https://www.sec.gov/Archives/edgar/data/1429859/999999999722004896/filename1.pdf

[net one]

Surfkast I appreciate what you do steering new and naive investors away from dilute scam artists and companies that have no intention of producing a product or service.

I don't believe that's the case with Xtra Bitcoin or Paul Knudson. IMO the issue is funding and a favorable energy deal. The real estate and integrity of the CEO are a plus.

The overall environment for crypto is not helping. It's out of favor, unpopular and depressed.

[net one]

From your link:

https://finbold.com/guide/bitcoin-mining-guide/

With various factors affecting the time of mining a single Bitcoin, it is easy to see that one person’s duration will vary from the next by a margin of a few days or weeks to years.

ASIC miners immediately dominated the BTC mining space and have maintained their dominance ever since. If you are looking to join the fray, you will need to invest in, not only a powerful ASIC miner but also an efficient one.


IMO It's all there. Negotiate favorable electricity rates and start mining, This can still be a huge winner.

,

[surfkast]

That is a pretty poor example and basically not true!

How Long Does it Take to Mine 1 Bitcoin? | BTC Mining Guide [2022]

According to minerstat, this mining setup would have earned us about 0.00177151 BTC within a 24-hour period. Meaning it would take us about 564.5 days (1 BTC/0.00177151 BTC) to mine 1 Bitcoin. That is roughly 18 months. In this calculation we have ignored the cost of the mining hardware, however, if you include it in the calculation, it might double the duration it takes to mine a single Bitcoin.

https://finbold.com/guide/bitcoin-mining-guide/

[net one]

More from Google search:

How long does it take to mine 1 bitcoin?
around 10 minutes
It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. More commonly and reasonably, most users can mine a Bitcoin in 30 days.Sep 1, 2022

[net one]

Simple google search Bitcoin:

How much does it cost to start mining Bitcoin?
You'll first need to acquire an ASIC miner optimized for Bitcoin, such as one produced by Bitmain or Whatsminer. New ASICs start at about $11,000, though older models can be purchased secondhand for less.


What will Bitcoin be worth in 2030?
Answer: Bitcoin could be worth between $800,000 and $1 million in 10 years based on analysts' predictions. The $1 million price target is anticipated in 2030.

[LINDSAY2010]

Yup going buy more rock bottom price

[TheSerb]

This stock has been a GOLD mine for me if you know how to play it. The yield sign was a GIFT! Smart short term play here again!!! Added a BUNCH the past few days............let's see if this pops again!

[net one]

Agreed not much except declining share price. .. ....no reason to squander a good group of shareholders. Find a way to turn on upgraded mining rigs and that will attract investment and trading interest.

[YM4208]

There was a yield sign up the other night, it's back to Pink Current now.

I don't doubt that Paul is truthful, just not much has happened the past couple of years. I think all of his attention has shifted to PCLI

[net one]

Correction: I hope you're....

[net one]

I hope your wrong about that Surfkast.

CBTC knows how to purchase equipment and mine for profit. Can they raise the money on good terms? Electricity? CEO is in real estate so building out facility shouldn't be a problem.

Now is the time to enter, not leave, the crypto business IMO.

2008-2009 DJIA traded low 6,000's. Today 33,600

Bitcoin all time high $68,789. Now $16,593. At or near capitulation It's trading like there might be one more big shoe to drop.

Still believe we get a fair shake.

[surfkast]

Time to turn off the lights.

[net one]

Where's the yield sign? Are you referring to audited versus unaudited financial statements and notes? Knudson is truthful.

https://www.otcmarkets.com/stock/CBTC/overview

Regulation A is an exemption from registration under the Securities Act that allows companies to raise
money from the public in securities offerings of up to $75 million. It plans to use this capital to begin implementation
of its business plan to develop bitcoin mining operations.

[YM4208]

Q3 report is out, yield sign up

https://www.otcmarkets.com/otcapi/company/financial-report/352055/content

[surfkast]

Not impressed at all.

[Turkishly]

Looks like they revamped there website!!
https://xtrabitcoin.com/

[Olde English 800]

The company is at least three years old now, and has never reported a profit. Secondly, investors don get to share in the profits if it ever does successfully mines anything. Why would anyone pay for a guy's mining rig, and never get any portion of the mined coins?? CBTC is a scam.

[surfkast]

YW! I have followed this from day 1 and try to post facts.

[creede]

Well thanks for the honest answer.

I don't have much.

[surfkast]

The short answer is no. From the last Q.

BTC Inventory $2,295.66

Balance 2020 and 2021 Ending Balance 2,296 2,198

There are no changes in Bitcoin balances during the quarter ended June 30, 2022.

Net Income -64,512.74

Insiders are getting rich. Paul is even leasing his properties to himself and of course is getting compensated.

NOTE 12. RELATED PARTIES
The Company receives all of its funding to sustain operations from related parties. Its principal source of funding
comes from advances made by the Chief Executive Officer (“CEO”) and other affiliate companies owned or controlled
by this officer. Amounts owed for such under these conditions are non-interest bearing. Total amounts owed to the
CEO and affiliate entities owned or controlled by the CEO for payments made on the Company’s behalf for
operational costs and purchases totaled $284,872 as of June 30, 2022.
For additional details on loans owed by a company owned or controlled by the CEO see, Note. 10 “Note payable”.
The note payable outstanding is interest bearing and the Company believes the transaction is at arm’s length. For
additional information on non-interest-bearing advances made by the CEO or companies controlled by him, see
Note. 8 “Accounts Payable and Accrued Liabilities”. The consulting fee accrual included in this amount is owed to a
shareholder.

And from the 1 A/A that was originally filed in 2021

Currently, we have one employee, our Chief Executive Officer, Paul Knudson.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS



On March 6, 2020, Company entered contract to purchase 37 Antminer T17+ 55 TH/s bitcoin miners, electrical infrastructure, and installation at the RINK facility in Canada. This purchase was funded by Xtra Crypto Mining Inc, a solely owned corporation by CEO Paul Knudson.



As of January 1, 2020, Company obtained the right, but not the obligation, to lease Wonka #3 and Wonka #4 by assuming each unit’s lease from The Pines Townhomes LLC at rate of $345/month as storage units to reserve the space and allocation of electrical power capacity from Protocall Technologies Incorporated. The Pines Townhomes LLC is a real estate investment company owned by CEO Paul Knudson.



On July 1, 2019, the Company negotiated an increase to 2.5MW for $58,471.34 to increase ROU to $582,600 and operating lease liabilities of $349,560 and the option to lease up to an additional 7.5MW on the same terms. The lease liabilities will commence upon installation of the electrical infrastructure and will continue for a period of 5 years. The Company pays a nominal storage unit rental rate to reserve leasehold until electrical is distributed to unit. The Company leases from The Pines Townhomes LLC which is a real estate investment company owned by CEO Paul Knudson.



On October 16, 2019, the Company obligated itself to issue 1,000,000 shares of Preferred Series E stock in exchange for the conversion of $1,000,000 of outstanding debts into 1,000,000 shares of Preferred Series E stock. $100,000 of the converted debt consisted of “Assumed Payables – XTRA merger” of $32,208.11 that were assumed by Paul Knudson personally and accrued compensation liability of $67,791.89 that was converted into 100,000 shares of “restricted securities” Series E Preferred stock to be issued to CEO Paul Knudson. Subsequently, the Company issued the 1,000,000 shares of Preferred Series E stock on January 23, 2020.

https://www.otcmarkets.com/filing/html?id=15614110&guid=_Fz-keuR5l-FJth

[creede]

So you are saying this is 100% a scam?

No chance they are really trying to mine Bitcoin for money?

[Olde English 800]

Call in your complaint call and email to:
Contact: Paul Knudson
Phone: [phone]
Email: [e-mail]

SOURCE

[surfkast]

I keep an eye on the scams I followed just in case they try to start a new scam/company to rope in newbies..

[Turkishly]

Surf, you mean to tell me you are still here?? Thought you would have left by now.

[madcasper]

the latest filing states company borrowed $75k to buy 37 asic miners
but I have not called the company to verify this discloser.
https://www.otcmarkets.com/stock/CBTC/disclosure

CBTC

[surfkast]

Mining bullshit.

[Turkishly]

Are we all still in the mining business??

[madcasper]

still here
had 0009s now 005s may grab a few of these 002s soon.
CBTC