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In case you don't own a television, the entire world has been impacted by a pandemic brought on by a novel coronavirus out of China...it has spread far and wide, well beyond the borders of Ohio and impacted virtually every business known to man in one way or another. BFCH was not immune to said impacts.
Agree as well...a lot of places had exemptions for contractors and construction workers, etc, but some didn't AND in some places, the contractors pulled off jobsites for whatever reasons--fear, material shortages, products shipping from overseas being halted, etc.
My buddy was having a house built when Ohio shut down...half his contractors stopped showing up, even though our governor listed contractors under essential personnel. THEN due to supply shortages, his completion date ended up backed up months because their special ordered vanities were backed up 10 weeks.
We can only speculate HOW BFCH was delayed by COVID, but I'm willing to bet they were delayed for one reason or another.
PLUS, I still hold the opinion that Spencer is not a great manager and has no clue what he's saying half the time. He underwhelms us when we need the hype and overhypes things when we just need the truth. Argh. Hopefully as he gains a little more experience, he'll get his head on a bit straighter.
I nearly tripled my position today...looking forward to making a nice return
Whoops, nevermind...I can read I swear...just realized that's through March. I'm a dumbass.
What is OTC Markets awaiting from BFCH to get the yield sign removed and brought back to Pink Current?
Someone said they need the attorney letter still for the most recent financials, but the newest attorney letter appears to cover all financials through June 30, 2020.
My guess is they did it to add to the "WOW!" factor when showing off their facility down the road...gets their brand a little exposure for what, a few extra bucks a sticker? But yes, I've never seen it done before either.
Regardless, it helps prove those aren't just stock photos of someone's panels...
He waited til the momentum was nearly all gone before dropping that Tweet...gonna take some time before we recover I think.
Had he dropped that Tweet when we were at .04, we'd probably be sitting at a dime right now. It is what it is I guess.
Hahaha, the miners kick on and the town's lights briefly dim...
277v (1 leg of 480v to neutral) is usually used for lighting and has killed a lot of electricians...a jolt from it has also made many apprentice electricians reconsider their career, I hear (provided they lived through it). I'm anxious to see these racks of miners get up and running.
I don't mess with 3 phase but have several buildings with it...that thing has more power available than my 40,000 square foot manufacturing facility. lol
I remember some of us were speculating they were going to lease out part of their space for people to setup/lease their own miners. This looks like it could be a pretty lucrative operation.
Best part is...even if the price of BC were to tank, their rental income would remain pretty steady. Then if the price of BC skyrocketed, their own mining operation would reap those benefits.
I could see it working out very well if they play their cards right.
I can tell you from my experience as a landlord in an industrial park, these guys have some serious power in this building...they are planning to run a lot of miners it looks like!
What is it missing?
We're current, Spencer's too lazy to share updates but once every month or three, and folks are getting bored. We're just losing the momentum and going stagnant again til news hits.
There is no menu currently...that's the only page. Only difference between the two is the video loads on the mobile page and won't load on the desktop version.
It's still there on the mobile version...they were having embed issues on the desktop version and may have removed it til they can address it.
Yep, I never did try mobile but noticed they had a video on their site throwing an error...so I found the link on youtube and noticed it was uploaded just days ago. Wondered if folks were still regularly checking the website.
*cough cough* Anybody seen this?
https://www.youtube.com/watch?v=HipMU1EIm-Y
Definitely great that we are current...and the next PR will change the direction of the stock, but for how long?
That's the biggest issue with Spencer at the helm...when it comes to updates, he always seems to be a day late and a dollar short. I'm always on the search for the diamond in the rough, but as long as he's running the show, I feel like this is good to make a few bucks and that's about it. Once my target is hit, I'm outta here. But I hope I'm wrong and those of you in here for the long haul do well. Don't get me wrong, I think there is still much money to be made here...I just don't see it being a huge long-term gainer.
...I can.
When I go to a mechanic, I expect the mechanic to update me more than once every several months after he said my car would be done a year ago...?
I am here to make money. The OTC is full of scams and I believe this company has a good run in it before it falls like the majority of them do. Plus I already got my investment back out of it. Riding free shares now. I'm not here to bash or pump, just keeping it real.
The only thing better than watching that chart line go straight down is watching it come straight back up when the attempts to crash the price fail. Hoping to see that happen soon.
Yeah, the company just went pink current with no intention of providing any kind of shareholder update...that makes PERFECT sense.
I agree the CEO is a young and dumb kid who is terribly unreliable, but the run on this hasn't even begun yet. They will drop some kind of news to run it. Will it be more hype? Probably. But regardless, something IS coming here soon.
Nice little bear raid there...looks like MM's had some fun with stop losses...
That's ok...let's the RSI ease up a bit so she can run hard again next week.
Opening PR? What am I missing?
Looks like 10-Q was published on OTC Markets today...or am I way behind on this? lol
https://backend.otcmarkets.com/otcapi/company/financial-report/253703/content
To the moooooon!
I'm not saying you're wrong...just saying it'll be the newest excuse for many people to take advantage of.
If it is real, that's not a refusal...we have no idea what's going on. If they are still shut down for any reason, there just may be difficulties in reaching each other. I don't believe they've gone all that way just to stop at connecting with the power company. That's like quitting a race 10 ft from the finish line...lol
Yep, usually you don't pay on the improvenents until said improvements are completed and green tagged.
Since there has been no final inspection to our knowledge, property tax I believe will only be for vacant land. Very cheap.
If she is the local building official, you can rest assured she has permit applications, professional drawings, inspection records, and firsthand knowledge of exactly what's happening there...you don't get away with bs'ing a building official for long.
She is far more informed than any of us are...although since she's not a shareholder and has no interest in helping us make money, I wouldn't count on gaining much more from her than what is public record.
You all hang in there!
I do believe things are going to get much worse...our government has lost their freaking minds. We bought a large freezer and have a quarter cow and half a hog on the way. Also been preparing for a SHTF scenario. My wife thinks I'm crazy, but the perfect storm is brewing.
I thought about buying into the market when the Dow got down to around 18,500 but then they passed the major stimulus package and boosted the market. I am worried that boost will only be temporary and things will tank again. I am playing a penny stock though...but don't have high hopes for it. Got in low enough I just need a big bounce.
What a professional ad.........who spells "sharring" with two R's? Proofread much...
They did state they were trying to do as much work as possible themselves so I would expect 6 months or so would be reasonable for a simple facility like that...longer if they had planned on doing a bunch of finished office space.
3 months is a little aggressive...I manage an industrial development company. Constructing and leasing mainly. On average, it takes us about 5 months from the point we sign a contract to passing final inspection.
I just finished a project about a month ago...took them about 4 months from contract signing to final inspection and that was with them halting the project for 3 weeks due to a change order that required resubmitting some drawings and county review/approval. They weren't in any hurry, but they didn't drag the job out either.
No facts?
No...there's plenty of facts here.
Communication has stopped. Financials are delinquent. Shell risk has still not been addressed. They have a building shell with a few evaporative coolers installed. There is no proof that it is almost complete as the photos do not show anything more than a building shell with evaporative coolers installed. There is no proof that the miners were ordered. There is no proof that the miners actually cleared customs. There is no proof the miners were ever delivered. There is no proof the building ever had the power connected. Am I missing anything?
Literally every claim shareholders are making in support of this company is equally speculative. The only facts we have is they won a court case to cancel a crapload of shares, they bought and assembled a building shell complete with concrete floor, and they installed a few evaporative coolers in the wall. That's it as far as I can tell...
Please do fill in any facts I'm missing...I do try to keep an open mind.
SPRL... Caveat Emptor sign, latest financials were posted almost 19 years ago, dark and defunct, unable to be contacted...yeeeeeeeeeah. It looks more like Spencer is mostly affiliated with some shady stuff.
I wouldn't hold your breath on this one being any different...with that court order canceling shares, they just opened up room to increase the AS and dilute like crazy to continue collecting their paychecks and living off their shareholders' backs, all while pretending to work, but only putting up just enough effort to keep duping OTC traders hoping to find the next diamond in the rough.
The transformers should have been set when the power company came to hook them up "before the holidays"...around here, the power company installs the transformer at the same time they tie the power in.
Then depending on the incoming power, the electrician may also have a step-down transformer inside near the panels to provide them with a standard 240v electric panel. That also should have been in place and wired in before the power company hooked them up.
True, hopefully he speaks up eventually...nothing to do until then, unless you're riding free shares or like selling for a loss.
I HIGHLY doubt it...there is absolutely no reason their presence on a tv show would warrant the need for an NDA as far as their daily operations go. Perhaps they can't discuss anything pertaining to the show/filming (which would be expected), but there would be no legal reason for them to ghost their shareholders as to their daily operations that have nothing at all to do with the show.
Also, the CEO could very easily confirm in a communication that he is not liberty to discuss things per a court order. He just can't discuss the details of the court order or the restricted content obviously.
This is the OTC...the most likely outcome is the CEO is a pos and jumped ship.