Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Obitx soon to go the way of omhe.
Nice little shake and back today. Hopefully all will work out and this was a nice bear trap.
In regards to the pandemic excuse fit the failure of the brrx jv, Paul is cashing out and likely moving on. I'm sure he'll stay somewhat invested and on the payroll of btzi, but I'll bet he finds himself another shell to buy and pump. He knows the game. He just needs a new ticket not associated with mcig. This isn't his first rodeo. He probably feels fortunate he was able to ride this one as long as he did.
Does bitcf have current audited fins? If not, how is that going to impact btzi?
I honestly Paul will be out of the picture going forward sad btzi appears to be a takeover of bitcf. Focus now needs to shift to y the fact that legacy shareholders are now invested in a penny crypto play that was halted by the sec. As someone mentioned, the sec is lazy, so for bitcf to be hailed, it had be for a glaring reason.
You are correct in that btzi aka mcig has lost a lot of investor money over the years. Just look at the long tern chart. She me s true bottom and non fluff news and I'll change my tune.
The first clue this was fluff was the use of LOI. Those are rarely binding Amy's usually announced only when there is lack of excitement and no real new developments. I laughed at that pr. It was as bad as when they pr'd a letter of memorandum...aka a memo.
Look at that nasty chart. No surprise as the software was junk and they have No business plan, zero revenue, zero perspective clients, and Mike Hawkins doesn't know how to run a legit company. Not to mention trading volume is terrible. Good luck holding this garbage.
It hasn't rally gone up much. This isn't a good deal for shareholders, But I wouldn't be surprised if momentum traders come in and try to get people to chase before as massive dump.
The business was mail order. Sorry, but that's no excuse.
Tell that to bitcf...lmfao
Big spread. Not good.
I'm worming you all, get our while you can. Everything Hawkins touches turns to crap. He's worthless. Just going to take your money and run.
Mark this post. This deal is going to be good for Paul and bad for investors. Making a deal for Chomsky to take over that was halted by the sec can't be good.
Even if the shares were free, why would you hold this from 17 all the way down here? This is going lower because the company has no revenue and puts out conflicting PRs. Projected losses of over $3m. Sell, sell, sell.
I clearly said it was weak...lmao.
I think Paul never intended for this to fly high. He didn't want sec attention as his real intent was to milk shareholders and then sell the shell. This is why the mda model worked so well for him. He could book other company revenue and make it appear like mcig was a real business, when it really was never intended to succeed. Make sure the books are clean and audited and then sell the shell once mcig ran it's course. Pretty effective if you ask me.
What I'd like to know, is there any toxic dept with bitcf?
Nah. They will dilute all shareholders in order to bring in new blood. Good luck.
If this drops back below .025, it's in trouble. There is no way bitcf wants to share this with legacy mcig shareholders. The only reason tos is happening is so bitcf can get a new ticket and get off the greys after being halted by the sec. Roughshod about that. Paul I'd giving ownership to a company that was halted by the sec. You know he got his payoff and paid to clean up and audit the books on shareholder dime so he could offload the shell. At no time did he want mcig to go big. That would attract to much attention to his scam from authorities.
Sun $1 was predicted and it happened. Looks like it's nut going Rio hood $1 once again. This is weak. But nice try.
I can't believe anyone is buying this up, but they will likely trey to pump it a high as they can before they dilute the shit out of existing mcig shareholders.
If you think about it, mcig shareholders are getting majorly diluted in order for a company that got halted by the sec to trade on the otc again.
And you know Paul got his payoff for the mcig shell. Shareholders are getting diluted. Bitcf shareholders get 1 btzi share for every bitcf share they own.
Wake up!
Is there any toxic debt?
I called this reverse merger. Mcig shareholders will get the shaft. Do you really think bitcf wants to share any wealth with current mcig shareholders? They will be massively diluted. Let's also but forget that bitcf was halted by the sec. This is bad news.
Not yet. Not sure they need to. They have a 2b AS. The big issue to me is how many shares they just issued. They have plenty of room to keep issuing.
I think Paul is cashing out.
Terribly written by amateurs.
I posted a while back that it looked like Paul was setting this up for a reverse merger.
none of the companies associated with this transaction are worth anything. The main one was halted by the sec. Complete scam.
I think you might be right. Reverse merger to dilute existing shareholders.
Sounds like Paul set himself for a nice little reverse merger of mcig. What a complete scam.
Whoopty Doo....Sounds dumb. Sounds like the same crap they tried a while back.
Really confusing, right? Just the was Paul the ceo likes it. What happened Rio the co-ceo and led lights?
Sounds like a lot of shareholders were unable to sell those 5s. So sad.
No. It's a fluff stock trying to look like a crypto play. That play is a little too late. All companies in this latest acquisition are garbage. One is on the greys after being halted by sec and the others are penny and sub penny. This is a joke.
Fact is bitcf is trading on the grey sheets because it was halted by the sec. That is not a good thing. Btzi is purchasing a company that was halted by the sec and is generating very little revenue. Seems like another scam by Paul and his crooked cronies.
This also doesn't look very good considering the purchase price.
The Nine Months Ending September 30, 2019; Nears Completion Of Filing Form 20-F
ACCESSWIRE - Thu Dec 19, 10:46AM CST
TEL AVIV, ISRAEL / ACCESSWIRE / December 19, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") is pleased to announce that it has released its financial results for the 9 months ending September 30 2019.
For the nine months ending September 30 2019, First Bitcoin's assets, compared to the year ending 2018, increased from US$365,352 to $660,313. Also in 2019 asset gains were partially a result of exchanging, for preferred convertible shares, 1,000,000,000 of the Company's mineable cryptocurrency First Bitcoin (COIN:BIT) which coin's history of trading can be followed via coinmarketcap.com
Just a heads up.
https://www.marketwatch.com/amp/story/sec-halts-trading-in-first-bitcoin-capital-shares-which-have-gained-more-than-6000-in-2017-2017-08-24
SEC halts trading in First Bitcoin Capital shares, which have gained more than 6,000% in 2017
Published: Aug. 26, 2017 at 10:46 a.m. ET
By Ciara Linnane
Regulator cites concerns about the accuracy and adequacy of public disclosures as motive for temporary suspension
The Securities and Exchange Commission on Thursday temporarily suspended trading in shares of First Bitcoin Capital Corp. because of concerns about the accuracy and adequacy of public information on the Canadian company.
The concerns relate to the value of the company’s BITCF assets and its capital structure, the SEC said in a statement
Nobody was prediction sub penny. You are mistaken. But yes I predicted sub $1. Like you said, holders should have sold as soon as they were tradable.