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towerclimber, BCG is private Australian company
BTCS is publicly listed US company. BTCS is in some trouble but they are listed already. If BTCS can be acquired by BCG with BTCS's debts dispositioned satisfactorily, then BCG can get a US ticker symbol by reverse merge with BTCS and (mostly) bypass the US IPO process. That's the ace in the hole here.
Why would it be higher?
NO news, NO resolution to the filing freakout from yesterday, not even a nibble as to any merger news at all. Just another day sitting on the toilet waiting. No reason for this to be higher. This is still just a flipper/shorter/pumper playground IMHO.
After all this Id be happy with 0.50cents!!
Although a dollar would be nicer.
Its_About_To_Blow is correct!
Its about to blow up its share price,
Or its about to just blow itself to hell. Chew nails and see I guess.
ResearchDD's post just got wiped out also.
Finally the moderators have woke up.
October17th saw new board member and Ominous email??
The bad email and the new board appointment BOTH on the 17th? Nice news and doom and gloom to investors on same day? I don't get it.
https://globenewswire.com/news-release/2017/10/17/1148696/0/en/BTCS-Strengthens-Board-with-New-Appointment.html
That was presumably an email reply from CEO.
The message is now deleted. It cannot be confirmed. Nobody has been able to get a response from the company lately. I'm not accusing anyone of fabricating BS to achieve a short position, but its possible. Why post that and then delete it immediately? Or was it deleted "for you"?
If those statements cannot be verified directly from IR@BTCS.com then I call BS.
Is that price forecast even possible??
that has got to be some kind of error. +21,396.68% !?!
C'mon of course this is BS. Nobody would be this vocal with illegal dealings. You can't even really call this a distort and short because he isn't releasing any "false info" that sounds reputable. In fact, there is no real info to be known besides the little snippet about a board appointment that came out 10/17. Everything else is just rhetorical negativity like you see on literally every penny board on here and Yahoo and the like. He's just trolling everyone to piss them off and probably jerkin the gerkin at the same time. Im not saying hes not a trader, but he loves ruffling your rhubarb also.
Relaaaaaax folks. Until the real deal news with BCG comes out there is nothing. It will be reallly good or reallly bad. That is all we know and can hope to know. Until then, this is a flipper/shorter/troll paradise.
And the TOTAL lack of board moderation just makes this more entertaining.
Board is totally unmoderated apparently. Makes for hilarious Bullshit.
distort/short is just as illegal as pump/dump according to SEC. But hey who's policing anything these days anyway? Carry on.
Wells Fargo CEO wants to be like JPMorgan
JPmorgan CEO Jamie dirtbag Dimon slams bitcoin to spook bitcoin holders, then swoops in and buys bitcoin securities on the dip. Asshats aren't fooling anyone.
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
Well here we are at .39 USD.
I could have bought so many more shares if I would have just waited!! Ohhhh well. I guess there is a "should have" in every single trade.
investor2004 that would prob get ya prison time in the USA doing that during any kind of merge but maybe not down under?
Thanks! Very Interesting. The power and functionality is unquestionable. I am just somewhat afraid that some huge entity that blockchain threatens would successfully damage it in the US. Hopefully not.
Beerholder, governments would hate blockchain tech
because they can't totally control and manipulate it as it is a public effort. However, the Australian government is open to exploring the idea! Also, as we all know, BCG is Australian whoop whooop! BTCS may be a bit of a shitshow at the moment but they are ALREADY LISTED IN THE US. If all Charles Allen had was 1 antminer and a bag of dogshit, the US ticker alone is enticing enough to perform a reverse merge (after resolving BTCS debts) in lieu of going through the trouble to go public. Like I've said in previous posts, this is a convenient merge of minds not assets. The big question is can BTCS resolve their debts well enough to satisfy BCG? No idea of the bitcoin holdings of either party, but the nice thing is the recent Bitcoin inflation. That should give both parties more money to talk about. I hope the numbers and personalities involved come together successfully. Still a gamble, but I'm in.
Theres alot more out there about various governments prodding crypto and blockcahin:
https://www.cryptocoinsnews.com/australian-govt-blockchain-will-support-innovation-productivity-right-across-economy/
http://www.zdnet.com/article/australia-gets-a-parliamentary-friends-of-blockchain-group/
https://www.coindesk.com/australias-government-publishes-blockchain-research-studies/
and a random posting about a gov accepting bitcoin as payment:
https://www.ethnews.com/swedens-tax-authority-accepts-bitcoin-as-settlement
what protects niocorp from its own sp?
as soon as the share price gets over a dollar (lets say), impatient holders are going to be dumping shares all over the place and lowering Values. There are those that will hold long time of course but there will be a whole lot of dumping i would guess. Wont that be damaging to further financing and progress? Am I not thinking of this concept correctly?
There aren't really any top guns IMO
They are attempting to acquire the talent.
The LOI does mention that is pending the acceptance of the BCG shareholders along with BTCS debt settlement. Those are valid areas of contention. BCG and BTCS are moot anyway if blockchain never goes mainstream. Its a gamble with a cheap share price. I never said I threw all my lunch money in it; luckily I am gambling with the casino's money at this point. We will see.
BTCS and BCG are merging brains not assets
This is a merge of minds and not so much assets. This is stated in the LOI. "By teaming up with BTCS, we're deepening our pool of talent" This sector is still an embryo. This is a gamble on the adoption and use of blockchain technologies on a large scale, not just crypto transactions. This deal could all vaporize, but blockchain tech is legit.
From BCG website:
http://www.marketwired.com/press-release/btcs-signs-non-binding-letter-of-intent-to-merge-with-blockchain-global-otcqb-btcs-2230869.htm
this reads like BCG is the one doing the aquiring.
"The LOI is subject to a number of conditions including the approval of BCG's shareholders and board and the approval of BTCS's board, and the settlement of all of BTCS' debt prior to closing."
Could be a battle based on all the statements on that page. But oh well Im holding. Im gambling with the casinos money at this point. Maybe by next October, I will have lost it all. Might also be a decent long term capital gain to reap.
As far as the notion of a "Chinese company" that isnt true BUT there is plenty of asian influence in BCG management. Including a Mr. Harry Wang.
GLTA
Mark Smith mentioned housing for construction needs:
Not sure if the management team bothers reading these posts with all the snot that gets flung around, but I do have some input on housing and provisions for 1200 or so people during construction.
Every 2 years or so Cooper nuclear station shuts down for refueling. There is at least that many folks that come to the area for a couple months during that time. Cooper is on the missouri south of browneville about 45 mins from elk creek. About 10 years ago there was also a large coal power plant contructed in nebraska city with a large contruction force.
Spread out among all the towns from Nebraska city to Hiawatha KS, the area has the capacity to take these folks on for sure. Theres plenty of rental spaces and food, I see it happen every 2 years or so. Couple thousand people just appear for months and then move on to the next gig. No worries there it'll just happen.
Link will show most anywhere when shared online
facebook, twitter, most anywhere and the video will pop right up where ever you share it.
Alot of people are interested in this, nameably investors, but most people dont think much about it. I am from the southeast NE area and there is interest but not many people really know or care about it surprisingly. Aside from Cooper Nuclear Station in Browneville or The Tecumseh prison, there isn't ANYTHING for blue collar (or white collar) jobs worth a crap around there unless you are a farmer that owns land (and not just a farm hand) or you are a some kind of professional with your own practice. Its all min wage up to 15 an hour USD (maybe) or so for skilled folks. There is NOTHING there, ZERO opportunity in most parts of that area. One would think people would be freaking out wanting this thing built just to be gainfully employed. I know there was good interest at the meeting they had recently but you dont hear much about the project. Hoepfully it spreads around better once the ball gets rolling cause its the best thing to happen to that area in decades if it gets going.
yes silence so its either due to
this
https://giphy.com/gifs/VN1FNL6Lqc0vu/html5
or
this
https://giphy.com/gifs/3o7btQbwbWQxzPVBpm/html5
good luck!
Klimanjaro Im in...
In and holding. Cautiously optimistic.
Not bashing but...
Love the concept and the technology but I jokingly see 2 scenarios here:
1. BTCS leadership has gone quiet focusing on finishing the BCG merger and preparing some great news for its investors.
or
2. BTCS leadership has gone quiet while on their last good bender with lots of expensive hookers and blow before they have to break the news that everything went down the toilet (again).
OTFsaved300:
Yes revenue from mining among their other endeavours as blockchain consultants while they try to get the mothership off the ground. I do not know how often or what amount of US dollars they actually generate with their mined cryptos. IMO, All is dependent on how the world reacts to the emergence of cryptos and blockchain in the future. It's a gamble for sure, so I dont throw my lunch money at it. I do beleive in the technology and these guys are in the know on that technology. I also think the overlord financial institutions know this as well as dirtbag Jamie Dimon of JP Morgan talked a bunch of trash on Bitcoin recently so he could swoop in and buy the dip he created knowing exactly what he was doing. He also happened to say the blockchain concept was useful, and I beleive it is. I believe it will be more prevalvent at some point because computing power across the internet is growing to the point where it is (more) practical.
Here is a small snip on BTCS and the tentative merge with Australian Blockchain Global (BCG):
http://www.otcmarkets.com/stock/BTCS/news/BTCS-Signs-Non-Binding-Letter-of-Intent-to-Merge-with-Blockchain-Global?id=167740&b=y
here is dirtbag dimon:
https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html
And dirtbag buying the dip:
https://www.bitsonline.com/jpmorgan-buys-dip/
OTFsaved300: It is a risk like everything
Their revenues are based on crypto mining/crypto price along with cooperative energy prices (volatile of course). IMO cryptos and blockchain tech is still in the embryonic stage. It could die prematurely in its egg or hatch and grow into a monster if enough of the world recognizes the many real-time applications and ultimate security.
Maybe not bet the farm at this stage, but at this price you can throw in a a quarter and maybe leave with a dollar. Also, if we see companies like Nvidia produce lower and lower power chips for this type of computing that will be another boom here and for the company that makes the chip. If enough countries back the blockchain system in future iterations of the tech-driven financial world, the sky is the limit!
Thanks Ak74!
Thank you all for opinions
Understand its not at all feasible to guess returns or share price, but it is interesting to read people's opinions. Hoping for the best for the project. I am from Auburn NE, and I would enjoy to see these jobs and this revenue come to the area. Good Luck to all!
monocle (and all):
If you dont mind me asking, what return would make you moderately pleased? What would be your share price threshold for ecstatic? What do you (or anyone else) think is a possible share price if all goes according to plan? Just curious.
What could be the BTCS potential?
I believe in the blockchain's value and application as we go into the future of digital currency, but what could BTCS become? It's price history was insane during the crypto explosion. Anyone think that could that ever happen again? Will this just remain a 10-50 cent yoyo until it dies off? Opinions?
Lazy was a poorly chosen word.
I am glad they are addressing it solely so folks will actually open the page and learn about the project. I realize it is a speck of dust and there is a million other things to do. Looking forward to the new website!
Yes a new update! And crummy search result!
Yes a new update on the website from the town hall! Yet STILL when you Google NioCorp the search result says "This site may be hacked."
I dont know about you all, but that is a negative 1st impression and makes me think whoever maintains the site is lazy. I would be irate if my company's Google search result said that. I would be having words with someone in the internet world be it Google or my webmaster. I would not want that to be the first thing people saw of my company's website. How many people (or even potential investors) just choose to not learn about the project because of that crummy statement? It's a small issue that probably doesn't matter in the long run, but the devil is always in the details in my experience. Shiny shoes, a straight tie, and a clean Google search result might just be in the project's favor.
Where is Buffet??
I just read an article about Berkshire having 100 BILLION(?!?) in cash just sitting on it with no big current plans for investing it. Pertaining to the 100 BILLION Buffett is quoted as saying:
“The question is, ‘Are we going to be able to deploy it?’” he told the thousands of shareholders gathered at the CenturyLink Center in Omaha, Nebraska. “I would say that history is on our side, but it’d be more fun if the phone would ring.”
What gives? Is that not a no-brainer? Berkshire could fund the mine with around 1% of the cash in the mattress and NioCorp has a great team with a knockout BFS and there isnt anything at all between them and Berkshire?
I am a low-info small time investor, but if I had 1000 bucks in cash and a documented expert gardener said they needed $10 to go buy seeds to grow a bunch of vegetables and then split the profits from the famer's market with me I'd prob give em the 10 bucks. Am I out of my mind?
https://www.bloomberg.com/news/articles/2017-08-07/buffett-nears-a-milestone-he-doesn-t-want-100-billion-in-cash
Comfortable amount of Shares? I know we all have different levels of knowledge, finances, and risk tolerance. Im just curious as to what a "good" amount of shares for this would be. I was thinking around a 100K of shares. I feel this mine is unique enough that it is hard to estimate what the future SP would be after it gets going. Any thoughts? 100K shares too much? too little? Thanks