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So where is the bottom? I don't know, but I saw this coming. We climbed back up near .50 and it wouldn't break and it didn't look like it was going to hold for much longer. I think the biggest problem is that I know Fidelity won't let you buy and not sure who else isn't letting you buy. Company has to release financials and that'll be the only way to get a true value. At .25, this is an 80,000,000 dollar company...or that's what we believe it's going to be worth. The big question is that what it's going to be worth in a couple of days, weeks, months, or years?
Good luck!
So if Crypto Coin speculators acquired 134,062.79533219 ALT (including the 10% earned by BITCF), at the current price of BTC of 1400, does that mean that the company earned 18.7M or is my math nowhere close? How did this little transaction work?
Uh, I can't read this article, can you copy/paste the article in?
Two years?! Uh...it's been happening since 2011. Funny thing is that there aren't any more PRs and I believe that's because he's being watched by everyone. There were lawsuits on him by past employees because they never got paid and I'm sure everyone is waiting for another slip up and take him to court. He takes all these pictures because he wants the price to run, but no ones biting this time, everyone learned their lesson last time and basically the price isn't going anywhere until the financials come out...which we can assume they never will.
Well that was an interesting day, I'm imagining tomorrow will be the same. More MM accumulation.
...but next week will be fun.
...next week!
10 to 20...as in dollars? Wow, and I thought HowardHughes loved to pump this stock. I'm all for the price going up, but yeesh! You have a time frame for this target?
Nice little pop to .55, but moving back to yesterday's close. My assumption is that the MM's are accumulating and we'll be back to .60 by end of next week. Too much stuff going on with bitcoin right now for this to be cooling off anytime soon.
Good luck, time to see what today brings.
Yep...it'll be back at .0001 sooner or later. They need to be in several states instead of a couple of cities before they break into the .001's
Spread is looking mighty fine for a Tuesday...or any day. Here comes that nice gentle step up into the .50's.
Good luck!
Up another 10%!
I wish all my stocks were up another 10%.
Nice slow and steady day. Shouldn't have any problems breaking .50 tomorrow.
Good luck!
Looks like we're in for a Monday Runday!
No crazy volume, though. I like it, low volume big gains.
...and the other picture, what is he pointing at? Or is he showing off his really cool shadow animals skills, because I think it looks like a cat. Or maybe he can levitate objects...it does look like that thing could be levitating. Eureka! I've figured it out, Johnny's a magician! He's definitely figured out how to take investors money and make it disappear.
Thank you, folks... I'll be here all night.
...or was that the view of the jail cell he spent a little time in a couple of years ago? Yeeeouch...can't believe he didn't see that one coming! Time to delete some more tweets!
That was pretty funny.
Up another 9%! Good enough for me!
Are we seeing another low volume climb today? Maybe to .50?
Getting a little faith restored, hopefully.
Good luck!
Up 6.7%. Not bad, definitely not as bad as yesterday.
Just need to keep building a little floor, slowly but surely.
Good luck.
Nicely done. I just made my first sale since I last sold 3 years ago. Wish I would have made that sale 48 hours ago, but oh well. Still have plenty of shares left.
Why am I a joker? It could go under .1 by Friday, I don't know. The fact is that the company is communicating about what is happening and you usually don't get that here in penny land. I didn't take this stock to .85, nor did the company (maybe someday their financials will), this was your fellow stockholders doing. If you made money, good for you, if you didn't...that's the risk, isn't it?
See, this is what I like about this company. They aren't afraid to communicate with their investors and they do so in a timely manner.
"According to a call to OTC Markets, filing an opinion letter from SEC counsel will not immediately remove the warning icon as it will remain for at least 30 days as a matter of policy, however, the company has retained competent SEC counsel and expects to file the required opinion letter this week and meet all of other OTC Markets' disclosure and compliance requirements."
Yesterday, I sent the company a message via their website about the Caveat Emptor status (as I'm sure 30 other people did). Hopefully we'll hear something soon from them that will clarify where they are at in the process to clear up the status...and get everyone back in the mood to buy.
Caveat Emptor on the OTCBB, pretty sure they took a good look at the run and changed the status. Fidelity is blocking me from purchasing while the Caveat Emptor is set. It's probably a good thing, the price is too high for the financials they had posted.
I think there are some legitimate reasons why the price will return back to where it was...and higher. Hopefully the company will post financials to support it and this will just be a little blip on the chart.
You going to get back in?
The financials that were there are now gone...in their place is the following:
http://www.otcmarkets.com/stock/BITCF/financials
BITCF is either non-reporting or has posted information in a format that cannot be processed.
Financial data is not available at this time. Please see the ‘Filings and Disclosure’ Tab for more information.
This should force them to get their crap in order and update their financials.
Hopefully it's just a minor speed bump. Fidelity won't let me buy OTCBB stocks with the Caveat Emptor status. Let the shorts have their day.
Enjoy!
Pink Current Information
Yeah...it says that right below the Caveat Emptor/skull and bones. It has to be that they've deemed the growth a bit too much for the financials it has posted.
I believe the first and last bullets apply to why they are getting the Caveat Emptor: https://www.otcmarkets.com/learn/caveat-emptor
Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Promotional activities may include spam email, unsolicited faxes or news releases, whether published by the company or a third party.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available.
But I also believe that Lone Wolf is correct by his statement "Lastly...supply and demand. Doesn't appear company is using their shares as an ATM and volume continues to expand here."
If the company isn't diluting, is debt free, people are using their exchange, and buying in on the ALT(coin); we may just be looking at the simple economic principle of low supply and high demand driving the price (hopefully forever) into the sky.
Good luck...
Wow...that wasn't there last week, we may see a flock of shorts and bashers on the board the rest of this week. I wonder if they put that up due to the run it's had and the lack of anything substantial on the previous financials. Hopefully they're planning on uplisting to the OTCQX someday soon and we can smash through a buck, but don't be surprised if we have a big dip.
Good luck!
Is anyone else having an issue with Fidelity? Not working on my phone or computer. Whole portfolio won't show anything.
Yeah...I had sell orders in at .20, .30, and .40 to which I cancelled all before they could be executed. I think everyone is starting to think that this isn't going to stop anytime soon which is why we're seeing these drastic jumps. Everyone is holding.
I was only hoping on my last post that it would close at .75 but since we're past that now, the almighty dollar isn't that far away.
This is insane. I'm not getting much work done today.
Ok...so is everyone ready for the daily run? This whole "I don't know who I want to be when I grow up" of a stock price is getting real boring. Ha! Just kidding. It looks like it actually may be ready to run to .70 with a close around .75. But that's just me throwing darts.
Aren't we past due for some news? And I'm kidding again. Would really like to see the quarterly financials, though...that are awesome...and no dilution...and while I'm at it, make the current stock price look like a really, really, really cheap buy.
Good luck.
Wow...so this thing closed at .59, new high, with over $800K traded. Any predictions for tomorrow and Friday?
Have you been looking at the spread? It's microscopic. I keep waiting for the retrace after the morning rush, but it's so small, that there's no way the price is going down in the near term.
Is there some news that we don't see, that our part of the internet hasn't received?
Where's The Feet is going on?
I think it's always good to have this sort of analysis. I keep waiting for the retraces and surprised when they aren't as bad as I expect. This stock has skyrocketed and I keep wondering if I should sell or if this is only a small glimpse of its potential.
I had a stock that was up several thousand percent and seemed to have the potential to be retirement money, unfortunately it was another penny stock being run by a moron/a$$ and it went down 5x faster than it went up and I saw every cent of profit vanish. So stocks like this make me hesitate, too.
We want to have faith/hope that management is doing everything they can to follow through with what they claim as their vision...what they are communicating to us, but the truth is that we have no idea until the numbers get posted. As of now, there aren't any numbers that say I should hold onto this stock anymore, but I do. I'm still waiting patiently because so far, management seems honest and I'm still assuming they have our (the shareholders) best interests in mind...because that's what a publicly traded company is supposed to do. And then I keep reminding myself this is a penny stock.
Good luck...
I know why he valued them at .0001, it's hush money. JB proved last time that he couldn't pay his employees or anyone else with sales revenues because there weren't any. The same thing is happening today. Here's a bunch of shares at .0001, you want money? Sell them! The stock price should match that .0001 value. It's worthless because so is Johnny B.
You see that 115K sell @.3801? Someone said "thanks!"
Yeah, all my alerts went off within a matter of minutes...guess I need to set new alerts, or maybe I'll just sit back and watch.
Looks like we've broke the all time high...now it's a question of just how high are we going to go?
Here we go, markets are closed tomorrow, so it's Friday trading time.
Ha...I guess I should say "if it runs." For some reason I think everyone has good ol' JB figured out and the price won't budge until he posts financials with significant numbers.
He glass isn't anywhere close to being half full, more like 99% empty!
You know he's doing the same thing he did last time, pay everyone with shares, run the stock price up and tell all of his friends to "sell, sell, sell" and watch the price plummet.
My advice...dump everything when it runs. Everything. Every single share. There won't ever be financials that show he's selling anything substantial.