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So I was wondering. Do you think that they mite be moving the HQ location to the new facility hence the lag in a PR update? Would seem to make since if they were renting the suite in Fredriks burg?
So was just thinking. What are the chances that they got the elec hooked up and got internet and moved the HQ to the new facility? Was just thinking that if I was in spencers place I would defiantly have done that. The Fredriks burg location is a suite so sure there's a hefty rental price. Thinking that could explain the lagg in the update. Mite be a First facility operational so make it the new HQ then a full grand open PR kinda thing?
fair point, didn't think of that and with the few pr's we get defiantly wouldn't want to waste any of the effect
man what the "hell" with that kind of trade
Curious what you mean? Not to familure about this side of things but would it be better for BFCH and the PPS then if they hold off on the update untill after or on the 1st?
jumped in on this one as a cheep roll of the dice on a crypto company based off the below PR i saw. Looking through the website it looks like there was a old management/new management dispute over coins that were held and lost or were never there to begin with? wondering if this may be why no 2020 fins have posted? Links below but just bought in today so feel free to fill me in an any info i may be missing
https://www.marketscreener.com/quote/stock/2CRSI-44358422/news/2CRSi-supplies-computing-power-to-fintech-specialist-Coin-Citadel-for-close-to-6m-32078547/
https://coincitadel.net/financials
If spencer does a PR I wouldn't be supersized for a 1$ spike. Hoping that we will either get a PR or see the fins start being updated before the 1st. If we can get the "Golden egg PR" with all of the info mentioned in the last PR + updated financials to get us current so we don't have a yield sign I would expect to see a 1$= in a relatively short time frame.
how do we know this is spence trading? just curious,
So i'll just say, even if this should be higher ( thanks lack of update/info } ill take a 10-15 percent gain daily till the news comes out any day
Verry true, that being said I would love some of what the guys at BFCH must be smoking to have not given a PR or and news yet
I have to wonder if there's any trouble getting the internet running. I know the town is small and I have to wonder what the requirements are internet wise to runn all of the miners. That's one side of Bit mining I haven't looked into so I have no clue myself. If the data requirements are substantial it could be that the internet provider is having to upgrade equipment and run new lines from there hub. I had a massive issue when we did an upgrade at GE to bring in fiber lines for better net speeds. AT&T took forever, they had to upgrade there main hub, lay the line, put in additional boxes leading to the plat ( don't know the technical name of them ) and then after that they ran the cable from the road side into the plant and wired the plant from there. Long story short it took an additional month and a half for them to upgrade and run the lines before they started on the plant itself. Spencer mite be fighting the same issue
Hoping that the share count update means other updates are soon to follow. COuldnt be set up better now just need the news
oh oh, maby fins on the way then? not used to seeing the counts updated without supporting docs so may be worth being a little hope full
still waiting on that update. We know we have the electricity and based on the last PR they were starting to install the miners and get it all hoked up while scheduling/and having the internet installed and turned on so they could get it all configured and running. So just waiting on that next PR to confirm or tell us when it'll happen
Ok I normaly have more paicients but considering the volume over the last hour is higher than all of last week I think.
Yea lets go, definatly need a PR by the end of the week. Like it would be insanity not to say something
Ok I normaly have more paicients but considering the volume over the last hour is higher than all of last week I think.
Yea lets go, definatly need a PR by the end of the week. Like it would be insanity not to say something
Ok with all of the attention on Bit and the volume/price increase on BFCH I would hope that Spencer or who ever handles the PR realizes that something needs to be said. Hears to hoping for some sort of info by the end of the week
hoping that even spence realizes that regardless of how far they are that right now would be a hella time to give an update. Mean any forward progress would do wonders for the PPS with it already spiking.
The exact reason I chose to put my investment in BFCH. The companies that are purely mining will have to switch gears eventually. when bit runs out they will have to switch to another crypto or find a revenue stream. Same if the crypto currency's ever lose value. With the business plan BFCH has ( even if they have taken forever and outright suck and PR ) is a good one short and long term. They mine bit with a setup that could jump to alternate crypto if necessary ( seen other companies like this ) but also have the plan to acquire other companies/business to add to there portfolio. These companies don't need to be mining BTC but just in the tech field ( Telesis IT is one of them ). This sets them up long term to continue making profits and hopefully generate enough extra revenue for the "Javi favorite" dividends
so anyone notice there website looks different. Just checked and first time i have seen the company logo across the top? maby a sign
I saw some post of BFCH being in acquisition talks from early December. Maby there waiting till they get further or hash that out before they give an update?
I would think its BFCH buying another company myself. BN Mellon is a investment company, im not aware of them actually ever buying out another company out right like this. I have seen them make massive investments in companies similar to any other investment company when they think they can turn a profit out of it. My take is that BFCH has a deal in the works to acquire some company, needed to secure the funding, released shares/made a deal or what not (not sure how it works exactly) with BN Mellon so they could buy a stake/shares and BFCH could secure the needed funding. This all being based off of the twitter post being true of course. Other wise it would make no sense for BFCH to o out of there way to post the PR from November and to post about the power being turned on. Usually when I see a company bought out the company goes dark completely until the buyout is complete.
I'm hoping it plays out that spencer is /has found another big investor/stake holder in BN mellon as they are a investment company and would make sense why they'd want to heavily invest in an up and coming crypto mining company and that the acquisition talks are BFCH acquiring another company not them being bought out.
haha I see my coment in the screen shot on this one lol. Not sure if BFCH is the one being bout out or if they are making a push to buy out some one else. only future updates will tell.
Looking at the source the news is 50/50 on reliability. That said based on the time line that volume picked up and trade history I would assume Spencer issued/sold out shares to the company in some manner. A partnership would be nice and would love to see my shares turn into a 40$ stock but dont think that would be the case.
That said from some of the recent twitter post:
one post about BFCH CEO in "secret" aquisition talks.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159977788
Then the post I just posted the link to about BN Mellon taking a stake in BFCH from the 25th.
seems like the two are definatly related some how. Wheather its BK taking over BFCH or BFCH generating funds for an "aquisition" of an unamed company. IDK but looks like some big things kicknig around in the back ground.
So heres a tid bit I just found, may speak to why we saw such heavy volume and then dead/selling. post from Nov 25th
https://twitter.com/FlyOnTheWallHQ/status/1331737829932560385
we just need updates and info at the end of the day. Hopeful that once this gets turned on and we get some news that things will come back to life. Sadly the company kinda made a habit of a few good updates and then months of nothing so hard not to expect the same this time. Would love to see us get some good news and to see the comnay start putting out regular updates and to get the financials back up to date
I would say people have lost faith or ran out of time waiting. Its a cheep stock that has alot of potential. Probably a mixture of people tired of waiting for that "green light" and then people who have held on but just need to sell to either move to less risk or need the money.
I was wondering about this when that new realeas phrased it with "multiple updates to come". I'll freely admit I chose to invest years ago due to the potion of the b-plan to aquire companies to add to there revenue stream past the mining operation. To me that sets the company apart from the rest the most. Due to lack of updates I admit I had mixed feelings and never said to much but hoping its the case. Would love to see this one anounce news of aquiring another company and go operational. Realy need that push to get the faith back
I dont think we will see the initial price jump we would have if it wasnt for all of the info black outs from spencer. I think once they are operational if they update and stay updated on the financials we will se a big spike then. Right now so much is based on faith that the company has ruined but once they are generating profits and its not a faith based gamble any more we should see the big jump. I have faith that they will get operational and do extremely well and the price will get there just slower than expected. Were almost there now.
I see plenty of reason to be optimistic on this. With power turned on the remainder of the work is minimal. I would think 1-2 weeks to get internet and miners racked and running. Most of the trouble spots ( electrical, building the facility, ect.. ) have been done now so shouldn't see any more info black outs like before as long as they keep at it. Hoping for an update by the end of the week showing progress and would expect operational news/updates/official launch before Christmas. Or at least thats my take on it
They have to have the internet up and running to. electrical + internet to run the miners. I would expect it to be done by now but they mentioned in the last PR they did still need the net
to this I would say Spence has one hell of a "CEO" business mind but no clue about PR. Most COE's I have worked with are this way. They are Geniuses with business and driving a successful company but have no idea about PR. Honestly BFCH really needs a PR specialist on board as well. That said if he is bringing more companies under the umbrella then maybe we are behind on financials because of the acquisitions as well? I have no experience with the acquisition side but can imagine it would be hell on paperwork and would massively impact the financial reporting side.
That was what I was thinking. I'll be interested to see what news we get over the next month. Mean covid blitz alot of companies. For better or worse this would have given Spence a great opportunity to "bail out" and acquire them in a way that it would benefit BFCH and would offer a better explanation for why the company was so lax on PR. If the CEO switched his focus from getting the facility running to acquiring other companies due to power company trouble I wouldn't blame him for keeping quiet. Depending on the nature of the deals he could have worried it would mess up the deal or scare off investors. But just saying if by chance were were to get news of the mine going operational along with a "we also have more companies and will be paying div's to share holders" on a pr the run would be insane.
I know what ya mean, I try to see both sides. Just trying to show that yes, BFCH has had it's stuggles and failed in certain areas but those areas are being fixed and can easly be turned around once we are running. That being said I am currious about the last PR and what they mean by having servral important updates. Like ok, financials is one, and being operational is another obviously but what else is there? Curious what they are meaning since the PR made it sound like theres more than just this fist facility going operational on the table.
Fair point, I was lumping in filings under PR. As far as the shares and business plan I kinda expected it so for myself that wasn't a big issue but I can see why it could kill trust. I'm to used to seeing alot of the larger corporations I work with fail there own plans and come with new ones so often it dosn't flag to hard as long as the issues are able to be "recovered" from. Hopefully we will see them hold to plan here on out. A reliable volume of PR/News, no more dilution after this QTR ( I assume when fins get updated we'll see more since they have not been operational ), and that we'll see them get and stay current.
at todays price yes, but thats since Bit took off. earlier this year bit was in the trash. To each there own, just saying that they failed more on the PR side and keeping investors informed than anything else. I mean whos to say how much debt or how many shares would have been issued or taken out to pay a full contract crew to build the place and get it operational in a hurry. We can speculate on it all day one option gets them running faster but with more debt over head and more share out there, the other takes forever but keeps the share count and debt as low as possible. Both have pros and cons. If your looking for a quick flip then going operational is better, price would spike sooner. If your in it long term and want the highest price per share a couple years from now then keeping debt low and share count low would be best ( my opinion only )
I have to partialy agree on that one. I think it was a great idea that they decided to build themselfs and keep cost low. Had they = gone the other rout Covid could have potentialy impacted alot worse. That said the bigest fault would be in the PR department. The company made a choice to go the slow rout to save money but knowing it would push things out and be longer to get operational. They should have kept up better with the financials and more than anything they should have given more info and news. Had they kept up with the tweets and updates even if it was crummy news or bad news it would have put alot more faith in the company and keept people tuned in and on board. The fluster of PR and going dark for months killed the faith. Now we gotta get past that and launch. (forgive the spelling, typing in a hurry)
so pretty sure we were current with financials and all when we hit .04 and the pics came out with the service panals. Having the yeild sign up is probably holding a lot back. That said operational PR and getting the fins updated would send it
send it, huge gains in the last 10 minutes, watched us jump 10% plus whiles calling a freind to tell them to check it out