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Pretty soon sub-copper <1 cent.
I remember on the summer people were talking about silver >5 cents coming soon.
I think that algo program was trying to hide dilution and make it look like people were accumulating instead.
Remember shell risk and yield sign both still on OTC site for a reason.
https://www.otcmarkets.com/stock/BFCH/overview
Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
And how many miners? Could be they only bought 50 miners in this so called "bulk" purchase. If they cannot afford to finish a building in a year, then they could not afford too many miners. Also, what type of miners? Are they obsolete now or too costly to run profitably?
Doomed by a thousand cuts...
I really do not like this action.
Plenty of buyers, but a lot more sellers.
Perhaps when tax loss selling season is over, and 2020 rolls in, this will go higher?
If not, then .006 is a comin' in January.
Looks like that supposed algo was really working all along to get rid of shares. That is why when someone slaps the ask the next ask price is lower. Something really fishy going on here.
GLTA.
I totally agree. Nothing at all, and a snail's pace at Best! At worst, crashed into a tree.
This has definitely fallen off the tracks...
It's fallen and can't get up!
Keeping my day job -- Definitely!!!
Not making any money here.
I believe in BFCH in 2021, but not next year anymore, but in the short-medium run, things are not going well. There is no quiet period before this supposed broadcast -- this broadcast will also get delayed, just watch... Or worse, never happen at all.
No progress, no tweets, crappy one drywall pic, still a shell risk, still a yield sign, etc... Not good, and all the hoping and quiet period speculation is sounding desperate for shareholders grasping at straws.
I am very disappointed.
Remember what is posted on the OTC site AGAIN:
Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
Something stinks here.
CEO --> Where's The Beef???
Not my game. Lost money and lost hope on this non-performer.
It is almost like the CEO ran out of money and out of interest. Progress has stopped.
Bidding .0133 asking 0.014 now does not look good.
In a couple more months it wouldn't surprise me if the 52 week low of 0.006 gets hit.
Yield sign and shell risk still in place. No news out. What a mess! One pic of a guy standing next to a wall. Terrible!
https://www.otcmarkets.com/stock/BFCH/overview
https://mobile.twitter.com/BitFrontierInc
The only place this is going is down.....
Go BFCH???? BFCH is NOT going up.
Nasty and very disappointing.
Yeah! Going back to $5.00+
I believe you might be correct. I have a suspicion that the CEO is out of cash to finish the building, get more miners, etc.
Just waiting forever........
They never answer emails. Their website is years out of date too. One man show all the way...
Lack of updates, one pathetic photo, not current in financials, etc... etc...etc...
I have lost faith in this one. Lost money too :(
If this trades below 0.014, then we are all sunk...
The only thing exploding upward are people's tempers due the sickly rate of progress on one stupid building. Come on CEO, get a move on!
IMO.
At this rate the building should be ready to start mining by June 2020 or later.
If BTC price does not double when the halving event occurs in May, then it will not be profitable to mine using current equipment that they just acquired.
The progress is way too slow here, and I think something is wrong here.
One piece of drywall on the middle separator. Disappointing to say the least.
IMO. But GLTA.
More of the same....
Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......Waiting.......
Seems like to infinity and beyond.....
Hope you're correct. It is getting tiring to wait soooooo long.
At this rate it might take 5 years to get 5 buildings up and running.
Still don't have a clue when this first building will be operating and exactly how many miners were bought in this recent "bulk" order. Hmmmmmm.....
Really have my doubts.
A brand new house takes about 6 months from empty lot to fully done.
This one building is taking foreverrrrrrrr....
Blah!
Well at 1.75 per share right now, the book value is only $59 Million.
With $200 Million in payments coming to CLSD, this thing will have a price to book value of 1.0 when this stock reaches 5.90 per share. IMO. GLTA.
This is such a steal at 1.75 per share right now. All time high for this stock is in the $25.00 per share range.
Also, this is looking like one heck of a short squeeze with all the big boys buying lots of shares right now.
Listen -- We all know this company will take a few more months to get up and mining. By that time BTC will keep moving up to coincide with the halving event in May. In March, April and May people will start frantically buying bitcoin mining stocks. By mid May BFCH will be at 15 cents+. IMO.
For now just accumulate over the next few months... Relax and WAIT! Short term nothing much. 1/2 year out fireworks.
GLTA!
I agree. However, it looks like he is trying to do it all himself which will take longer. It can be done much quicker but that would take extra money, but it sounds like he does not want to issue new shares to finance it. So in the long run good for shareholders. GLTA.
Website hasn't been updated for years...
Wierd, but perhaps since commissions are zero now people are doing small buys.
One good thing about the falling bitcoin price is that the mining difficulty is reduced making each bitcoin cheaper to produce.
However I would still like to know how many machines they bought and when they will finally start mining...
GLTA.
Radio silence from the company, and now bitcoin below 7K, are both not good. Yuck and blah!
I don't.
Been waiting too many months already. Something is really wrong, or at worst delayed substantially... IMO.
GLTA.
They never answered my emails.
I'm getting really annoyed. No updates at all. Used to be almost daily months ago. Supposed to be fully mining by Q4 - nothing....
That algo must be happy with all the much cheaper shares nowadays.
What is your top OTC pick?
Great. Thanks for the link and info. GLTA.
By the way, I am still holding, but really getting concerned. Overall not very impressed.
My theory is something is just not right. Last tweet is Oct 10 that miners cleared customs. Also the cost to mine bitcoin is about $8K+ so I am seriously getting concerned if this thing will ever show a profit. Also, they were supposed to be fully mining by 4Q, and no news yet... Something is wrong here. Something really wrong with the CEO being so quiet. GLTA.
This has a market cap of $48 million and will receive $200 million+ next year. When that occurs the price to book value will be 1/4.
This stock is a steal for the next year. Hold for 1 year and you will do well IMO. GLTA.
Halfing will occur in May 2020, bitcoin reward will be cut in half, so the bitcoin price should double by then. Overall though the difficulty rate will continue to increase and those with older miners will have a hard time earning profits. GLTA.
Disappointed waiting for this news. They were supposed to be mining fully by the fourth quarter... Nothing but static.
Also, not sure how many miners they bought in bulk; it could only 50 miners for all we know. And the difficulty level will determine how much profit they make, but it depends on what the state of the art miners they actually bought. Lots of unknowns and slow news stream.
Hoping for the best, but I have many doubts.
Still waiting...