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Yesterday shorts - 1.22 millon of 1.69 million traded
https://www.otcshortreport.com/company/BFCH
My belief is that they are mostly algo driven. Feel we will get the warehouse update tomorrow afternoon. The process was always get the warehouse completed with poss exception for a task only a specialized hired professional must do, with a part which is very specificly created and special ordered. Then, paperwork and updates, which we are seeing now. Then, Launch.
Just read filing ~ my scribbled notes:
184mil outstanding. Float not updated, but if 10mil shares issued to 1 reg-a subscription who wanted to cash out immediately, and another ~5 mil shares for ?, honestly, whatever, that’s it. Thats prob todays float. Negligible new issues, which i expected.
He has a biz line of credit, with small balance, for cash needs.
Loss carry forward from many yrs ago cant be used, since this line of biz is different.
Both guys have accrued employment salary and spencer has accruing service fees (or one replaced the other, not clear)
They are not taking any draws.
$1,715 is still in atty escrow acct, from reduced outstanding shares.
20 mil shares for telesisIT was reduced to 10 mil shares and not even issued yet.
$375k in reg-a subscriptions not even issued yet. Wow!!! These subscribers and partners are invested. Only that 1 guy cashed out right away. I didnt expect that.
I dont see mismanagement. I dont see share dilution (which i dont see daily anyways, once short volumes are accounted for). I still say sit on a low bid and get filled by mm shorts. Retail doesnt yet really believe or understand what exists. There’s still some time and small steps before it runs. Imo. But, weeks, not months, imo. Lastly, the 3 day short cover thing, idk, thats big board rules, idk otcmarkets maybe has it, or depends if its enforced too. I dont believe it. Cant see it. Think its extending and building.
Anyways ~
Im open to missing or being wrong on anything.
Hope everyone will make great money on this.
March 1st and 1st March trading day is coming up. Spencers last update was Feb 1st, so perhaps theres an update coming between now and Monday. Idk.
Have a great weekend all.
Good Q- Because he’s racking and programming hundreds of miners. The stock price has always been a low to no priority, since he only raised funds once via reg-a offering. Imo he rarely even looks at the price. He’s laboring all day and night. If true, price will continue to be market driven until some variation of the miners being turned on and his filings updates done(which may have been worked on and submitted, or may get worked on after the miners are completed - idk). You don’t PR or even aggravate a stop sign ticker.
In this case, only a few workers are laboring all this work and its a function of hours and tasks, and everything gets in the work queue, whether we apprv of the sequence or not. Imho
1,358,000 shorts thrown at the price yesterday.
https://www.otcshortreport.com/company/BFCH
1/28/20 is the morning that purchase traded
Or, perhaps, a retail short was looking to cover (buy) at .0047, securing a great profit on 1mil share trade and a mm cheated, illegally, and traded a 10k share buy off-market hours at 8:26(central)pumping price to .0069 and then another 5k buy pre-market 8:28 lifting bid to .008 then another pre-market 5k share buy 8:29 putting the opening bid at .009 when the unlucky, unsuspecting trader was given the absolute worst pricing on any trade made on this ticker in years. And, the mm got away with it. Smh.
Shorts: Tuesday trade data was about 540k shares traded with 352k being naked shorts. If u looked at line item trades in ihub eod Tuesday, u would have seen 9 red sells into the bid, most around .0125. These “sells” totaled 373k shares. Meaning, only the two 10k sell trades were retail. The other 7 bid dumps were all algo/mm shorting. Those on the low bids are getting nice cheap fills and kudos to ya.
Yea man. 100%. Spencer is making great time and is doing it right (inexpensive).
I couldnt have forecast timing of racking all that shtt any more accurately. And, i’d have run my mouth and caused ticker issues prior to mining too. So, he’s better than me in most every way.
When he gives you his rules, please be respectful and follow them. And, if he tells you why he is limiting communication prior to the launch, please be understanding cause those in the know agree wholeheartedly with him. Imho.
Good luck and enjoy.
Well, id say 80-90% shorts daily is shorting the hell out of it. 50% is fair tho. And it’s prob mm’s and their algos working to maintain a price range and cover on drops.
But, the deeper the short position, the more covering when it runs.
Short interest - sizable shift since Feb 1
if this is accurate. Running 50% lately and at a mil shares. Thats enough to make notice.
https://www.otcshortreport.com/company/BFCH
That’s already been done. Everyone in that circle is very satisfied with the information they received. The time right now is to sit back with cheapie bids and lock.
I dont think one would find there is enough money for a rep in the sales margin w/o massive volumes. Also, Mo needs to afford his next production batch, prob now. For sure, this is what the plan should look like. I def wish.....
Truth. Hows he gonna pay em?
Most people dont believe its already been fully vetted. Thats ok. Whats going to happen is not reliant on their belief systems, nor purchases. The great % of gain from whats going to happen is the locking of the shares along with no dilution. Last i calc’d, shorts were about 25-30%. Fair. Their covering will be nominal. But, the momo from this will be exceptional.
.25 target and multiple facilities and revs and whatnot. It’s true, but also far less important than what this will do on the initial squeeze based on setup.
Most folks will cringe with how early they sold and how obvious it was. They will lose great opportunity cost on the flip play and there are no second chances.
I still figure 3 weeks to go and that they’re racking the last of the first pallet of miners.
Always open to being wrong in any way.
Listen to fruit, ya’ll. amateur dd is unbecoming.
And for those with the larger .012 bids and whatnot getting dumped into. Bless ya, you winning, bro.
Hey, what happens when bigger money comes looking for shares but there aren’t very many shares for them to purchase cheap because early investors have lock them all up and aren’t letting them go till they make lots of money??
They dont miss a chance to report all their lofty goals.
There was a dec quarter report as of 9/31 and they have maybe 5 companies owned under their Holding Company, none seem to make money. Doesnt look like the mortgage co aspiration happened by then, which it certainly may not or is not going to.
I hear ya bro~
Lol. I’ve been watching. I hope it works out well for you guys and everyone else too, and maybe me too.
K. Thanks.
What you think, pac. 60 days, 120 days?
So, Xall had the lending co deal fall apart?
Easy, wild men.
These questions have been thoroughly answered. You just havent been in the know or circle of the answers. Ya gotta chill.
The facility is nearing completion, it’s not done. There are no hiccups. It’s just a super incredible amount of real work.
You are NOT going to get photos and all the shttt you’re asking for. thats been answered. So, ur welcome to stop, Or keep invigorating your impatience if you hate sleeping well and enjoying life.
I gave my personal projected timeline.
4-6weeks. Autumn thought maybe sooner. Thats cool too. That’s my offering.
Now, I’m going to go work on errands for a week. Man, Everything is awesome.
an algo still working itself foolishly down in the .011-.014’s. And some shorts are still building a smallish position daily. One can accumulate and lock more here with a low .012 bid than getting excited and running it to .018 and locking less. Imo.
If u became one of the ‘learned’ ones these past 3-days, (u know if u are) then my opine is chill still 30-45 days and absorb before skies open. Just how i see it. Be Effective. Short term price movement largely irrelevant. Want everyone to win big. Keep ur mind happy next few weeks.
For about 6 months, its been basically in the same range .012-.018
While some info has been released, such as the tv commercial plans (certainly, we want more), to call it a pump , when all they are doing is informing of the few things that are actually happening and those things dont really move the price much, it must be a terribly executed pump. But it does help for locking and accumulation of float.
Ive read it. Been with it 2 yrs. i dont think Mo can do it. Wish he could. Really do. When he does do something, overall value will be even lower.
My guess: it took a year and yet it was the only thing Mo worked on.
Also, he worked on paying his 3 relatives $30k each in shares, for services. 2 yrs of Amazon earnings.
Im not shtting an opp. Hope Harrington is there and is amazing. I just cant see it.
I took quite a bath in this. Still wish it to turn. If Harrington was involved, he or his company would have gotten paid more often this past yr. Best i can tell, he was paid for some advice, and at one point looked to partner. I see no way he would be letting this thing train wreck in such embarrassing fashion and having his own share value dilute to death if he were in charge of anything.
I think the broad market is well aware of this product, which is awesome, and will buy it on a fire-sale...and that might then also be Harrington? Idk. Just sad and disappointed - i had reasonable to low hopes. 2 bil shares at .01 is a 20mil mkt value. Amazon will net earn what, $50k over a year? Blahhhhh
That’s correct. The tv programs will sell rights to miners/their mining and also residual income in some sorta way. Liga will prob team with bfch and run ads on a deal in trade for a % cut of proceeds. This gives flexibility on what miners are purchased too and what programs they run/mine. Also, this ticker is accepting of mining related companies wanting public exposure. They will reverse merge or buy out if it adds value. Which at this point is anything. That Tellix co (or whatever it was), bfch owns that now and its income.
I figure Spencer will have just enough miners set up to show he has started, give a vision, and make an ad spot that looks awesome. Thats my only expectation.
Ryan G: Your great biz partner Mo - maxed out his auth shares at 2 billion. Every golfing buddy, every meal date, family members, a million dollars of shares issued in 2019 alone. $2 million in shares issued in 2018. All this biz leader could create for market from that was 1 live rebranded can prototype and 1 manu order to get enough supply for 1 outlet - amazon online.
This is a rookie biz 101 level result. Im so embarrassed of Mo as a biz-man. Next stop: increase in auth shares by 500 mil. Gotta keep growing the brand for success, right? And it’ll issue right into his friends palms. Smh. If he can’t handle this, he certainly cant handle bigger.
Anyone see that L2 trickery this morning just prior to open. Lol.
I had not heard the uplist comment from bfch. I think that nasdaq is empty on the holidays and available and set up for filming on those days. The signage and ticker streaming have a professional and well established look or aura to them. Look good, feel good.
My only real take from this is that, again, things were stated to happen and did happen. The balance of project elasticity, solving for problems, fighting delays, reworking broken pieces, ect - it’s in every big project. I hope and believe these filming deadlines are driving finishing shtt up quick and flipping a switch soon - just as everyone else is.
I would believe that’s Spencer Payne in the pink shirt.
Wrapped our 1st segment at the Nasdaq Exchange of “Crypto Minute TV” to be aired on “Exploring The Block” @ExploringBlock, #FMW, #FoxBusiness covering Bitfrontier Capital Holdings $BFCH & IdentityMaxxPlus $LIGA, also featured Binance Charity Foundation, @binance, #NewToTheStreet pic.twitter.com/xPYEPnhCUM
— LIGA (@LIGAssets) January 21, 2020
On their way to NY to film
Hi and thank you for contacting Crypto Minute TV - Our team leaves tomorrow for NYC to record our segment on the NASDAQ Exchange for "Exploring The Block", Monday, Jan 20 - Yes, we'll be posting updates on our Twitter feed as they come in. Thank you again...stay tuned!
— CryptoMinuteTV (@cryptominutetv) January 17, 2020
Lordy. They asked us to wait til 1/20. Impatience that low? 12 days, cant wait 12 days? Idk if theyre flipping switches tomorrow. Nobody knows. Of course its a paid ad spot. Crap, all spots are paid. Interviews are paid. There is a purchasing audience for many things. Bgtv has a value proposition, in this case, prospectively, selling specific miners within some warehouse to a certain customer. Maybe its a secret pump by Spencer or a trader team, but he never diluted and long shares (100mil+) are underwater, adding and not bailing. Accum thru the roof. Locked. This play been going on 2+ yrs! Whats in it for Spencer til now? He cancelled 99% of shares, didnt cash them out. He reg A funded. He did the warehouse as inexpensive as possible. He used his own cash. He’s likely biz partnering with bgtv to fund future warehouses.
What it’s not.....is nothing.
Bigger volume day. Why someone dumped a mil at market with 80% going at .0125 when there were a mil buys at .015 and up is beyond me. Maybe got margin called from shorting the spx . Wild anyways.
This algo on etrf and cdel is going nuts.
Fun to watch. But someone might get super pissed and eat it all up and then the real players are gonna run this up up up
The risk is only worth the reward in this stock if there are not any alternative tickers at the same price or lower, with the same share structure or lower, and with a better chance of success of actively mining
I dont forsee anything bringing this price substantially downward for a few weeks. So many positive activities and actions lined up. If you’re not in, i see risk of now missing the quickly impending up move. I hope everyone holds tight for a while and makes really good money. Good luck.