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Besides that BITCF said they were going to spin off a dividend Crypto but as soon as that was announced everything collapsed because of the SEC. Shortly after Gensler locked everything up and sued Coinbase and a number of other Crypto The question now is did Gensler over reach his authority at the SEC with BITCF.
I had this stock when it peaked a few years back at $2.75 and didn't sell it because I finally though I had caught a MSFT I held because no insider sold I did not think it would drop below a $1.00 because that was 1/3 of the high
Here's one way to get around no PM ability 'cause I cancelled my $ paid account years ago. I'd like to put you in my email register. It's better than talking to nit-wits! benpowell30@aol.com
Good to see Lesgetrich still here !!! ..... because he has a "keen mind" and always offered meaningful posts !!! ..... At this juncture ... I am no longer familiar with the I-HUB Board process and the proper way to add posts ..... Since the format has changed since I was last here !!! ..... Though I expect to figure it out !!! ..... over time !!! ..... Amen .....
And when it made up Coins for every Tom Dick and Harry it kept a small percent of those coins for them selves so would it not be feasible that they have a little BTC also or am I on planet Mars with the Rover
And when it made up Coins for every Tom Dick and Harry it kept a small percent of those coins for them selves so would it not be feasible that they have a little BTC also or am I on planet Mars with the Rover
How can this company even be caveat emptor When this company makes crypto coins that’s worth a fortune and BTC is not under Gensler SEC ruling and crypto has outperformed every stock exchange
Interesting... .0007 Bid / .004 ASK is a 471% mark up I'm sure it's just nothing... Who ever sold me .0002's in November if you have any more my order isn't filled yet..
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).
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) is a cryptocurrency . Users are able to generate BIT through the process of mining. First Bitcoin has a current supply of 20,707,629,255.20859 with 0 in circulation. The last known price of First Bitcoin is 0.00558929 USD and is up 8.65 over the last 24 hours.
This would put the current value of 600,000,000 BIT coins at $3,353,574. I'm not sure what the value was on the day of the trade but it seems to me that KNOS came out pretty sweet on the deal.
Now BITCF got suspended in 2017. The coin/debt exchange didn't take place until 2018. Now, if as you say, the coins were only worth $315,054 on the date of the transaction, why wouldn't a suspended company try to receive a $1 million debt note for just over $300 in assets. In the meantime, KNOS bought an investment that produced a 1,000% return in three years. It seems to me, both companies did pretty well.
Next, I don't see anything surprising in the fact that after BITCF loaned $1,250,000 in 2018 & 2019 to KNOS, a company that showed virtually no revenue at the time, BITCF management would join the management of KNOS. You erroneously claim Greg Rubin to be the control person of BITCF when it is actually Simon Rubin and the relationship to Michael Rubininov, President and Head of Business Development at Kronos, is unclear to non-existent. Moreover, the only relationship of Simon Rubin to Greg Rubin that you've made is that they worked together for a time prior to 2010.
Now regarding your claim...
KNOS also moved its corporate address next door to a Dentist Office where Greg Rubin worked for many years in Calabasas, CA.
This is just factually incorrect. The Corporate offices of Kronos are at 2501 Garfield Ave, Parkersburg, West Virginia, 26101
You go on to claim...
Well for starters, the $1,250,000 in toxic debt will lead to dilution when it is converted into discounted free trading stock.
But you don't supply any evidence that this is toxic debt. The debt cannot be converted into more than 9.9% of KNOS's OS and now that the management of KNOS and BITCF are combined and KNOS is a virtual subsidiary of BITCF there is no incentive for BITCF to do anything to damage the KNOS pps. Toxic debt makes no sense here.
Moreover, you state that KNOS made only $3,000 in 2019 but failed to mention that they produced $503,000 by June 2021.
All in all I'd say this is a poorly constructed hit job on BITCF and KNOS that pretty much boils down to a bunch of innuendos.
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.
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.
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.
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.
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 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.
On May 15, 2020, the Company acquired First Bitcoin Capital, LLC and all the assets of First Bitcoin Capital Corp. The Company acquired all cash, inventory, prepaid expenses, inventory, fixed assets, and intellectual property for a total purchase price of $10,120,000. The Company issued 100,000,000 common shares and 30,000,000 Series A Preferred shares at the rate of $0.0253 per underlying common share. The Company has 60,000,000 Series A Preferred held in reserve for issuance should certain milestones be achieved over the course of three years.
Why they hadn't tried to enforce the patent previously is an open question but it may have to do with the fact that they did not have much cash and there may not have been enough ATM's in circulation at that time to justify the expense of pursuing legal action.
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.).
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 .....
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 .....
Nor has anyone stepped forward to question the eye-opening assertions made by Mike Maloney in his 10-episode series ..... "Hidden Secrets of Money" .....
So apparently our planet hangs in limbo !!! ..... anticipating exactly WHAT !!! ? ..... Perpetual slavery until the end of time..... as we know it !!! ? .....
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