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PASO amazing news today gonna have to add that to the IBOX this evening.
Covid 19.
$PASO THERE IT IS AS PROMISED!
Great News looking forward to a MONSTER MOVE
$PASO GLED completly off the ask ITS GO TIME
PASO to say the least. But imagine if they happen to come through with the details of said merger Tuesday premarket after the holiday as a nice surprise to shareholders. Today could be the last day for cheap shares..
$PASO with this Share structure and the pending merger represented by a 50 billion dollar firm, insiders buying up shares and no debt on the balance sheet. Sure makes a great recipe for pennies to dollars.
Authorized Shares
750,000,000
05/13/2020
Outstanding Shares
695,792,454
05/13/2020
Float
146,425,869
05/01/2020
The merger candidate partner is represented by a New York, NY based private equity firm with $50 Billion Dollars under management and the deal size has several moving parts that need to be managed to make the entire transaction a success.
All Preferred Series A shares have been returned to the Corporate Treasury
Patient Access Solutions, Inc. Announces Return to Treasury of 25,000,000 Common Shares
$Paso Breakout imminent some nice big buys at the ask yesterday. Coiled an ready to run going into the mega merger.
Yesterdays volume 1.7 million in buys 799k in sells.
All Preferred Series A shares have been returned to the Corporate Treasury
Dec 16, 2019
All Preferred Series A shares have been returned to the Corporate Treasury. The BoD of the Company has signed a resolution canceling those shares. NV SOS is in the process of being updated. We will continue to update as developing events become formalized
$PASO Obvious Retail fishing for cheap shares with GLED and CFGN at the bottom of the L2
PASO no worries here just check out the chart in the Ibox…
Wont be long now :)
$PASO Chart setting up beautifully added to the Ibox.
$PASO Good to see you here MFN, still adding here myself
PASO Chart is beautiful next move new 52 week highs and silver then onward and upward from there.
$PASO Added more today
PASO Nice post gave you a sticky.
$CBTC
Bitcoin mining with NO DEBT
https://backend.otcmarkets.com/otcapi/company/financial-report/239616/content
CBTC latest tweet
Bitmain has shipped 2 more batches of 8 miners to our Canadian facility.
https://twitter.com/xtrabitcoin
From Dark to Pink current
Name change from TCEL to CBTC
https://xtrabitcoin.com/
https://www.otcmarkets.com/stock/CBTC/security
AS 2.9B
OS
2,048,474,905
CBTC Looking forward to 10x++ gains here
$CBTC
Bitcoin mining with NO DEBT
https://backend.otcmarkets.com/otcapi/company/financial-report/239616/content
CBTC latest tweet
Bitmain has shipped 2 more batches of 8 miners to our Canadian facility.
https://twitter.com/xtrabitcoin
From Dark to Pink current
Name change from TCEL to CBTC
https://xtrabitcoin.com/
https://www.otcmarkets.com/stock/CBTC/security
AS 2.9B
OS
2,048,474,905
CBTC added a few this am holding nicely
CBTC looks like bitcoin could plow through 10k today currently 9779
XTRA Acquires 70% of RINK, Phase 1 Mining Facility Lease and 37 new ASIC Miners
Press Release | 03/09/2020
FRUITLAND, ID / ACCESSWIRE / March 9, 2020 / On March 6, 2020, XTRA Bitcoin Inc. (OTCPINK:CBTC) entered into an agreement to acquire 70% of the RINK, phase 1 mining facility electrical capacity from Xtra Crypto Mining Inc (XCrypto) and contracted to purchase 37 new Antminer T17 55 TH/S ASIC miners. This acquisition will allow XTRA to begin mining while raising funding for its larger Wonka mine project.
The new Antminer T17s are expected to ship from Bitmain in China and arrive in late March 2020. Installation and mining are expected by middle of April 2020.
The RINK facility is in Manitoba, Canada. Canada's low-cost renewable hydropower and cool weather are ideally suited for bitcoin mining operations. The RINK facility is planning a 1.5MW electrical capacity upgrade that will take a year to complete. XTRA intends to acquire 70% of that capacity as part of XTRA's development pipeline.
XTRA has agreed to pay XCrypto $75,730.48 for the miners, installment and electrical distribution and to pay 70% of rent and NNN lease expenses and actual electrical usage. This $75,730.48 acquisition is financed by XCrypto at 12% over 2 years with a monthly payment of $3,564.90. The five-year RINK, phase 1 lease of $700 per month is with Protocall Technologies Inc - PCLI that has a master lease of the RINK property. Affiliated parties disclosure: The Rink property and XCrypto are owned by Paul Knudson and XTRA - CBTC and Protocall - PCLI are controlled by Paul Knudson.
Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. You should also review our most recent filings for a more particular discussion of these factors and other risks, particularly under the heading "Risk Factors".
If you would like more information about this topic, please call Paul Knudson at 1-208-630-6678, or email paul@xtrabitcoin.com., $xtrabitcoin.com Twitter: @xtrabitcoin
CONTACT:
Paul Knudson
1-208-630-6678
paul@xtrabitcoin.com
SOURCE: XTRA Bitcoin Inc.
CBTC latest tweet
Bitmain has shipped 2 more batches of 8 miners to our Canadian facility.
https://twitter.com/xtrabitcoin
From dark to pink current
Name change from TCEL to CBTC
https://xtrabitcoin.com/
https://www.otcmarkets.com/stock/CBTC/security
AS 2.9B
OS
2,048,474,905
ALPP headed back over .10 soon
Exact amount of shares as yesterday and they will walk them down and might end up taking a loss on them just to hold the channel. Need to knock them out and set a new base in the 3s for lift off.
PASO gonna be a fun ride
Bitcoin looking to bust through 9300. Added a few 7s today
CBTC
$CBTC info re David Chua and funding:
“For those who believe, NO answer is needed, for those who don’t, NO answer will SUFFICE”
This press release is a good start for the conversation of "funding" for XTRA Bitcoin, Inc.:
Quote:
XTRA Bitcoin Inc Opens Financing Negotiations, Increases MW Capacity 400% and Continues Documentation Process with FINRA to Bring Filings Current
Thursday, August 22, 2019 10:15 AM
Progress Report
FRUITLAND, ID / ACCESSWIRE / August 22, 2019 / XTRA Bitcoin Inc. (OTC PINK:TCEL) XTRA’s management is assembling the documentation requested by FINRA in response to our corporate action notification regarding merger and name change. Complying with the FINRA requests is the required first step towards bringing our filings current. After FINRA, bringing filings current on OTC to remove the STOP sign is a prerequisite condition to obtaining funding. Management is confident that the FINRA requested documentation and audited financials can be provided in the next 30 to 60 days and has therefore opened financing discussions with several investors and leased additional electrical capacity to bring our project from 2.5MW to 10MW.
...Bringing filings current and removal of the OTC STOP sign is important to lenders and investors who want to participate in funding our bitcoin mining business. We have had many outside investors contact us regarding investing and working with us developing bitcoin mining. Most of these investors are from China, Singapore, Malaysia and Korea. XTRA is engaged in negotiating terms, hoping to secure growth funding, financial stability, and long-term shareholder value.We hope to add some new members to our team from the Southeast Asia/China region and will keep shareholders updated on the events as they progress.
...With adequate funding, XTRA can also obtain rights to over 40MW in other jurisdictions for additional growth.
Things are going to get very exciting over these coming weeks and months and once again we thank and appreciate our shareholders that believe in us. We believe that patience, persistence, and hard work pays.
Read the entire press release - there is more in this press release that essentially lays out the business model & plan for XTRA Bitcoin, Inc.:
https://www.accesswire.com/557009/XTRA-Bitcoin-Inc-Opens-Financing-Negotiations-Increases-MW-Capacity-400-and-Continues-Documentation-Process-with-FINRA-to-Bring-Filings-Current
------------------------------------------
Note the references to "TCEL" - As follow-up to the reverse takeover of Therapy Cells, Inc. by XTRA Bitcoin, Inc., the company name has been changed from Therapy Cells, Inc. to XTRA Bitcoin, Inc. and ticker symbol has been changed from TCEL to CBTC.
------------------------------------------
Next...
$CBTC Announcement:Contract with high-profile Asian corporate finance specialist
October 2, 2019 Press Release: Contract Signed With Financial Consultant to Lead Expansion Capital Raise
https://www.accesswire.com/561676/Contract-Signed-With-Financial-Consultant-to-Lead-Expansion-Capital-Raise
Quote:
Wednesday, October 2, 2019 9:20 AM
Contract Signed with Financial Consultant to Lead Capital Raise For Expansion
Corporate Progress
FRUITLAND, ID / ACCESSWIRE / October 2, 2019 / XTRA BITCOIN INC (OTC PINK:TCEL) $TCEL $xtrabitcoin: {Now CBTC}
XTRA's Board is pleased to introduce our newest team member, Mr. David Chua Soon Li. Based in Malaysia, David Chua has more than 25 years of experience in finance and advisory, corporate consultancy, fund raising, portfolio and fund management across various asset classes including equities, derivatives, bonds, hedge funds, FX, real estate and private equity. He has extensive market experience across Asia, US, Europe, Middle East and Emerging Markets. With strong communication, data and technical analysis skills, he has performed due diligence and participated in mergers and acquisitions, project management, public speaking and management reporting.
As CEO of IPMUDA BERHAD he brought in approximately $500m RM, $125 million USD revenues per year. David has served as VP for investments at Al Mojil Investment in Saudi Arabia, Dubai. He was Senior Manager at SBB Securities during that time, he helped oversee 32b RM, USD 7.2 billion assets. Earlier Mr. Chua served at BBMB Securities from 1991 to 2001 as an institutional sales dealer for the Employees Provident Fund (EPF), Lembaga Tabung Haji, UBS, Goldman Sachs and various investment and mutual funds.
XTRA's CEO Paul Knudson welcomes David to the XTRA Bitcoin Team. We are very excited to David bring his experience and vast connections to guide our capital raise as we grow our company and increase revenues.
XTRA believes his connections and expertise will help us get the best financing terms that benefit the company and shareholders. Management has been working diligently to bring current all filings and has negotiated for reduced interest rate on outstanding debt and the elimination of all convertible debt note. This has removed dilution risk and strengthens the company's financial position as it pursues expansion financing.
Read the entire press release:
https://www.accesswire.com/561676/Contract-Signed-With-Financial-Consultant-to-Lead-Expansion-Capital-Raise
October 28 Tweet from Knudson with a "friendly message to CBTC shareholders from David Chua":
https://twitter.com/xtrabitcoin/status/1188816356533080066
Here are some interesting links for understanding what was stated in the PR about David Chua's previous work, experience, connections, etc.:
---
Article - Ipmuda Bhd aims to rack up RM4 million in sales by mid-2019
https://www.nst.com.my/business/2017/07/259501/ipmuda-bhd-aims-rack-rm4-million-sales-mid-2019
Chief Executive Officer of Ipmuda Berhad, David Chua (second from left) and Group Chief Executive Officer of Methven, David Banfield (second from left) during International Architecture, Interior Design and Building Exhibition (Archidex) after signing ceremony between Ipmuda Berhad and Methven at Kuala Lumpur Convention Centre (KLCC). Looking on, New Zealand's High Commissioner to Malaysia, John Subritzky (right) and Product Manager of Ipmuda Berhad, Kenneth Chua (left). (pix by ASYRAF HAMZAH)
For example - in the above article - look who is/was the controlling shareholder of Ipmuda Bhd:
Quote:
Its controlling shareholder is Tan Sri Abu Sahid Mohamed, who has a 22.03 per cent stake via his flagship Maju Holdings Sdn Bhd.
VERY wealthy. Seems that "Chief Executive Officer of Ipmuda Berhad, David Chua (second from left)" has very good financial connections, indeed!
---
Try the investors link for the company (Ipmuda Bhd)), and read the annual reports:
https://www.ipmuda.com.my/investor-relations.html
Here:
https://www.ipmuda.com.my/images/IR/Ipmuda-2018-AR-CG-Report.pdf
Go to page 20 (page 67 of the PDF file). Look at the P&L table. Hint: it's in 1,000's of RM (Ringgit, the Malaysian currency... 1RM = 0.24 USD).
---
...and the Agreement (8K filing):
Find this, and all other disclosures for CBTC at: https://www.otcmarkets.com/stock/CBTC/disclosure
$CBTC 8K(Filed_10/8/19) Consulting Agreement w/incentives to provide funding solution that will drive share price substantially higher than 0.015 by July 2020, and substantially higher than 0.07 by December 2020:
Quote:
2) The Client will issue an additional warrant for the Consultant to purchase 10,000,000 common shares of TCEL @$0.015, expires July 27, 2020.
3) The Client will issue an additional warrant for the Consultant to purchase 10,000,000 common shares of TCEL @$0.07, expires December 31, 2020.
Warrants are probably "cashless," meaning that the holder doesn't actually pay cash for the shares when exercising the purchase warrant. Instead, the cost per share - either 0.015 or 0.07 in this case - is taken out in shares that result from exercising the warrant. For the warrant to be worth anything at all, the shares price must exceed the strike price (0.015 or 0.07 in this case). For example, if the pps=0.03 on January 15, 2020, Chua could exercise his purchase warrant for a portion of the 10,000,000 shares, say 2,000,000. The cost is 0.015, so that would cost him half of those 2,000,000 shares, and he would receive a net quantity of 1,000,000 shares. So it's much more desirable for him to exercise the warrant with a substantially higher pps. But that's why he may elect to exercise only part of them at a lower price like 0.03 - waiting then until as late as possibly, before the July 27 expiration, to exercise the last of the 10,000,000 shares (at hopefully a pps as high as .05 or 0.10 or even higher).
Similarly, this means he will need the pps to be much higher than 0.07 in order to gain something from those before December 2020.
Tiered commission structure incentivized for level of funding up to $250,000,000 as well as for timing as soon as possible:
Quote:
4. Client desires to incentivize the maximum amount of capital raised, therefpre, for all debt, equity, or in-kind capital that is invested in XTRA Bitcoin Inc. on terms acceptable to Client, that was acquired through the efforts of the Consultant, the Client will pay to Consultant a commission based on the following tiered structure:
4.A. 3% of $250,000 to $2,500,000
4.B. 3.5% of $2,500,001 to $7,500,000
4.C. 4% of $7,500,001 to $15,000,000
4.0. 4.5% of $15,000,001 to $50,000,000
4.E. 5% of $50,000,001 to $100,000,000
4.F. 5.5% of $100,000,001 to $250,000,000
5.H. Time is of the essence: Client desires to be fully funded and operational before the Bitcoin halving event scheduled to occur in May 2020, therefore, Client will also compensate Consultant for timely performance as follows:
5.1. An additional 3% for alt funds deposited before October 31, 2019.
5.J. An additional 2.5% for all funds deposited by December 31, 2019.
5.K. An additional 2% for all funds deposited by March 31, 2020
5. L. An additional 1% for all funds deposited by May 31, 2020.
Full text of 8K filing: https://www.otcmarkets.com/filing/html?id=13679915&guid=xgISUWznfTRImth
Quote:
ITEM 8.01 OTHER EVENTS
Company entered into a Consulting Agreement on September 30, 2019.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
Exhibit 10.1 Consulting Agreement between XTRA Bitcoin Inc. and David Chua Soon Li, dated September 30, 2019
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
THERAPY CELLS INC.
By: /s/ Paul Knudson
Paul Knudson
Chief Executive Officer
Date: October 8, 2019
Exhibit 10.1
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT (the "Agreement") dated this 30th day of September, 2019 BETWEEN:
CLIENT
XTRA Bitcoin Inc (TCEL)
917 Bobwhite Street
Fruitland, Idaho 83619
(the "Client")
CONSULTANT
David Chua Soon Li
Kuala Lumpur, Kuala Lumpur,
Malaysia
(the "Consultant")
BACKGROUND
A. The Client is of the opinion that the Consultant has the necessary qualifications, experience and abilities to provide consulting services to the Client.
B. The Consultant is agreeable to providing such consulting services to the Client on the terms and conditions set out in this Agreement.
IN CONSIDERATION OF the matters described above and of the mutual benefits and obligations set forth . in this Agreement, the receipt and sufficiency of which consideration is hereby acknowledged, the Client and the Consultant (individually the "Party" and collectively the "Parties" to this Agreement) agree as follows:
SERVICES PROVIDED
1. The Client hereby agrees to engage the Consultant to provide the Client with the following consulting services (the "Services"):
1) Serve as Advisor for Corporate Finance and Investor Strategies.
2) Raise capital for expansion of XTRA Bitcoin Inc.
3) Provide Video for Investor Presentation.
4) Consult with Client's CEO during capital raise. 5.Name, Bio, and picture on Client website .
2. The Services will also include any other consulting tasks which the Parties may agree on. The Consultant hereby agrees to provide such Services to the Client.
TERM OF AGREEMENT
3. The term of this Agreement (the "Term") will begin on the date of this Agreement and will remain in full force and effect until December 31, 2020 or the completion of the Services, subject to earlier termination as provided in this Agreement, or extended with mutual and written consent by both parties.
4. In the event that either Party wishes to terminate this Agreement prior to the completion of the Services, that Party will be required to provide 30 days' written notice to the other Party.
PERFORMANCE
5. The Parties agree to do everything necessary to ensure that the terms of this Agreement take effect. Nothing in this agreement will interfere with the right of the Client to simultaneously raise capital.
CURRENCY
6. Except as otherwise provided in this Agreement, all monetary amounts referred to in this Agreement are in USO (US Dollars).
COMPENSATION
7. The Consultant will charge the Client for the Services as follows (the "Compensation"):
1) The Client will pay the Consultant an upfront fee consisting on 10,000,000 common shares of TCEL and file notice with SEC.
2) The Client will issue an additional warrant for the Consultant to purchase 10,000,000 common shares of TCEL @$0.015, expires July 27, 2020.
3) The Client will issue an additional warrant for the Consultant to purchase 10,000,000 common shares of TCEL @$0.07, expires December 31, 2020.
4) Client desires to incentivize the maximum amount of capital raised, therefpre, for all debt, equity, or in-kind capital that is invested in XTRA Bitcoin Inc. on terms acceptable to Client, that was acquired through the efforts of the Consultant, the Client will pay to Consultant a commission based on the following tiered structure:
4.A. 3% of $250,000 to $2,500,000
4.B. 3.5% of $2,500,001 to $7,500,000
4.C. 4% of $7,500,001 to $15,000,000
4.0. 4.5% of $15,000,001 to $50,000,000
4.E. 5% of $50,000,001 to $100,000,000
4.F. 5.5% of $100,000,001 to $250,000,000
5.H. Time is of the essence: Client desires to be fully funded and operational before the Bitcoin halving event scheduled to occur in May 2020, therefore, Client will also compensate Consultant for timely performance as follows:
5.1. An additional 3% for alt funds deposited before October 31, 2019.
5.J. An additional 2.5% for all funds deposited by December 31, 2019.
5.K. An additional 2% for all funds deposited by March 31, 2020
5.L. An additional 1% for all funds deposited by May 31, 2020.
Client will also award stock bonuses when Consultants' capital raise exceeds:
5.M. $15,000,000 earns 15,000,000 free-trading common shares.
5.N. $50,000,0000 earns 50,000,000 free-trading common shares.
5.0. Each Additional $50,000,000 raised earns an additional 50,000,000 free-trading common shares.
8. Invoices submitted by the Consultant to the Client are due at time the capital raised is available to Client.
9. In the event that this Agreement is terminated by the Client prior to completion of the Services but where the Services have been partially performed, the Consultant will be entitled to pro rata payment of the Compensation to the date of termination provided that there has been no breach of contract on the part of the Consultant.
10. The Consultant will not be reimbursed for any additional expenses incurred in connection with providing the Services of this Agreement, except those stipulated in the Compensation clause in this Agreement.
CONFIDENTIALITY
11. Confidential information (the "Confidential Information") refers to any data or information relating to the Client, whether business or personal, which would reasonably be considered to be private or proprietary to the Client and that is not generally known and where the release of that Confidential Information could reasonably be expected to cause harm to the Client.
12. The Consultant agrees that they will not disclose, divulge, reveal, report or use, for any purpose, any Confidential Information which the Consultant has obtained, except as authorized by the Client or as required by law. The obligations of confidentiality will apply during the Term and will survive indefinitely upon termination of this Agreement.
13. All written and oral information and material disclosed or provided by the Client to the Consultant under this Agreement is Confidential Information regardless of whether it was provided before or after the date of this Agreement or how it was provided to the Consultant.
OWNERSHIP OF INTELLECTUAL PROPERTY
14. All intellectual property and related material, including any trade secrets, moral rights, goodwill, relevant registrations or applications for registration, and rights in any patent, copyright, trademark, trade dress, industrial design and trade name (the "Intellectual Property") that is developed or produced under this Agreement, is a "work made for hire" and will be the sole property of the Client. The use of the Intellectual Property by the Client will not be restricted in any manner.
15. The Consultant may not use the Intellectual Property for any purpose other than that contracted for in this Agreement except with the written consent of the Client. The Consultant will be responsible for any and all damages resulting from the unauthorized use of the Intellectual Property.
RETURN OF PROPERTY
16. Upon the expiration or termination of this Agreement, the Consultant will return to the Client any property, documentation, records, or Confidential Information which is the property of the Client.
CAPACITY/INDEPENDENT CONTRACTOR
17. In providing the Services under this Agreement it is expressly agreed that the Consultant is acting as an independent contractor and not as an employee. The Consultant and Client acknowledge that this Agreement does not create a partnership or joint venture between them, and is exclusively a contract for service. The Client is not required to pay, or make any contributions to, any social security, local, state or federal tax, the unemployment compensation, workers' compensation, insurance premium, profit-sharing, pension or any other employee benefit for the Consultant during the Term. The Consultant is responsible for paying, and complying with reporting requirements for, all local, state and federal taxes related to payments made to the Consultant under this Agreement.
NOTICE
18. All notices, requests, demands or other communications required or permitted by the terms of this Agreement will be given in writing and delivered to the Parties at the following addresses:
a. XTRA Bitcoin Inc (TCEL), Attn: Paul Knudson 917 Bobwhite Street, Fruitland, Idaho. 83619
b. David Chua Soon Li, A-05-06, KM1 West Condominium, Jalan 1/1558, Bukit Jalil, 57000 Kuala Lumpur, Kuala Lumpur, Malaysia or to such other address as either Party may from time to time notify the other, and will be deemed to be properly delivered (a) immediately upon being served personally, (b) two days after being deposited with the postal service if served by registered mail, or (c) the following day after being deposited with an overnight courier.
INDEMNIFICATION
19. Except to the extent paid in settlement from any applicable insurance policies, and to the extent permitted by applicable law, each Party agrees to indemnify and hold harmless the other Party, and its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from or arise out of any act or omission of the indemnifying party, its respective affiliates, officers, agents, employees, and permitted successors and assigns that occurs in connection with this Agreement. This indemnification will survive the termination of this Agreement.
MODIFICATION OF AGREEMENT
20. Any amendment or modification of this Agreement or additional obligation assumed by either Party in connection with this Agreement will only be binding if evidenced in writing signed by each Party or an authorized representative of each Party.
TIME OF THE ESSENCE
21. Time is of the essence in this Agreement. No extension or variation of this Agreement will operate as a waiver of this provision.
ASSIGNMENT
22. The Consultant will not voluntarily, or by operation of law, assign or otherwise transfer its obligations under this Agreement without the prior written consent of the Client.
ENTIRE AGREEMENT
23. It is agreed that there is no representation, warranty, collateral agreement or condition affecting this Agreement except as expressly provided in this Agreement.
ENUREMENT
24. This Agreement will enure to the benefit of and be binding on the Parties and their respective heirs, executors, administrators and permitted successors and assigns.
TITLES/HEADINGS
25. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Agreement.
GENDER
26. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
GOVERNING LAW
27. This Agreement will be governed by and construed in accordance with the laws of the State of Idaho.
SEVERABILITY
28. In the event that any of the provisions of this Agreement are held to be invalid or unenforceable in whole or in part, all other provisions will nevertheless continue to be valid and enforceable with the invalid or unenforceable parts severed from the remainder of this Agreement.
WAIVER
29. The waiver by either Party of a breach, default, delay or omission of any of the provisions of this Agreement by the other Party will not be construed as a waiver of any subsequent breach of the same or other provisions.
IN WITNESS WHEREOF the Parties have duly affixed their signatures under hand and seal on this 30th day of September, 2019.
XTRA Bitcoin Inc (TCEL)
/s/ Paul Knudson
Paul Knudson
/s/ David Chua Soon Li
David Chua Soon Li
The beauty of Btc is ANYONE can mine
$Btc...
The cryptos COMMUNITIES are huge...
More people now aren't afraid of $Btc like
a few years ago.
$Btc is like the new acceptance like
Digital payments through handheld
devices..
Get with the program..
Next 90-180 days $Btc will explode..
So will $Cbtc
PASO gonna be a nice ride!!
XTRA Acquires 70% of RINK, Phase 1 Mining Facility Lease and 37 new ASIC Miners
Press Release | 03/09/2020
FRUITLAND, ID / ACCESSWIRE / March 9, 2020 / On March 6, 2020, XTRA Bitcoin Inc. (OTCPINK:CBTC) entered into an agreement to acquire 70% of the RINK, phase 1 mining facility electrical capacity from Xtra Crypto Mining Inc (XCrypto) and contracted to purchase 37 new Antminer T17 55 TH/S ASIC miners. This acquisition will allow XTRA to begin mining while raising funding for its larger Wonka mine project.
The new Antminer T17s are expected to ship from Bitmain in China and arrive in late March 2020. Installation and mining are expected by middle of April 2020.
The RINK facility is in Manitoba, Canada. Canada's low-cost renewable hydropower and cool weather are ideally suited for bitcoin mining operations. The RINK facility is planning a 1.5MW electrical capacity upgrade that will take a year to complete. XTRA intends to acquire 70% of that capacity as part of XTRA's development pipeline.
XTRA has agreed to pay XCrypto $75,730.48 for the miners, installment and electrical distribution and to pay 70% of rent and NNN lease expenses and actual electrical usage. This $75,730.48 acquisition is financed by XCrypto at 12% over 2 years with a monthly payment of $3,564.90. The five-year RINK, phase 1 lease of $700 per month is with Protocall Technologies Inc - PCLI that has a master lease of the RINK property. Affiliated parties disclosure: The Rink property and XCrypto are owned by Paul Knudson and XTRA - CBTC and Protocall - PCLI are controlled by Paul Knudson.
Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. You should also review our most recent filings for a more particular discussion of these factors and other risks, particularly under the heading "Risk Factors".
If you would like more information about this topic, please call Paul Knudson at 1-208-630-6678, or email paul@xtrabitcoin.com., $xtrabitcoin.com Twitter: @xtrabitcoin
CONTACT:
Paul Knudson
1-208-630-6678
paul@xtrabitcoin.com
SOURCE: XTRA Bitcoin Inc.
PASO looks more like a loading wall being swapped between players used to walk the price down to continue to steal cheap shares.
PASO looking good here cheap shares for a limited time only.
CBTC latest tweet
Bitmain has shipped 2 more batches of 8 miners to our Canadian facility.
https://twitter.com/xtrabitcoin
From dark to pink current
Name change from TCEL to CBTC
https://xtrabitcoin.com/
https://www.otcmarkets.com/stock/CBTC/security
AS 2.9B
OS
2,048,474,905
CBTC looking forward to it as early as this week.
CBTC bitcoin making nice move through 9k
CBTC looks like the flippers are trying to make a last ditch effort to keep it in trips
CBTC Trips getting eating up