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Just to be clear, for myself and others, TFVR, now, has nothing to do with Hypatia and VR.
Those assets and interests were sold to the old TFVR staff.
It is curious that the website is still up, under TFVR, and still has information on TFVR, the VR company.
This just sort of lends credence to the thought that there is more going on behind the scenes and that changing the website and the ticker are not necessary as a front line problem. All that will be done in the companies next major "development".
If it were a stop sign operation they would quickly change the website and throw all the usual buzzwords on there; BlockChain, ETH, Dapps and etc.
They have not b/c those issues pale in comparison to what else is going on.
IMO.
I would think that if an institutional investor like Hudson Bay feels that TFVR is worthy of attention, then that cannot be a bad thing.
Someone said those shares were already sold. I don't think this 13G addresses that. Only that HB had some kind of convertible security that, if exercised, would give HB 9.99% ownership of TFVR a/o 31 December 2017. They would own 9.99% if they combined the shares they already hold (404,885 on the books) and exercised options that could give them another 4,796,543 shares, for a total of 5,201,428.
Not a coincidence that in early Jan 2018, TFVR changes direction.
Anyway, something is brewing. We will see.
Nice.
The experience that the old Hypatia staff has, who are still there, and the comms blackout just seem eerie. Like something is up.
J Read has M & A directorships, so it would not be off the wall.
Occam's Razor, easiest explanation.
Maybe valued at $0.20 - 0.50 per share?
Copy.
Thank you!
BcG?
Boston Consulting Group?
That's all I get is a 25% discount..........
Lawyer speak?
Maybe a name change between short and cover situation?
And, not filling a buy order placed above the Ask.
TFVR still has their website up hawking Hypatia.
The Investors section has the Jan 09 2018 GlobalNewsWire release about ETH and etc.
Their front facing side still looks like VR is the companies thing.
When I talked to Scott at FINRA he confirmed the "like kind and quantity" language in 203 as discussed earlier.
That is, Shorts must buy THE SAME security to cover; A = A, as we discussed previously.
He also intimated that TFVR was now on their radar for the Bid/Ask spread issues and those 203 violations.
We will see where that gets us.
Thanks for looking in to this at the next level.
Outstanding observation. Of course! Your insight is just taking the game to it's next logical level, that we all should have thought of! Buying and selling real estate (land and buildings and houses) in a virtual world with Dapps as the basis for non-repudiated contracts between anonymous users with ETH as the currency.
Something like that has been rolling around in my head for a couple of weeks and you put it into words.
A corollary to that would be gambling apps that allow users to exchange ETH for payment.
Here's to hoping those young, killer coders fueled by Monster on all night binges are on to that at TFVR in Scottsdale!
Something like that may be the reason TFVR is not so quick on the trigger to execute a name change with "xx-BlockChain-something" in the new name.
Copy.
For business reasons, my wife and I drive through Scottsdale, AZ quite often; 3 or 4 times a month spending a few hours in the area. I'm thinking Mr Read lives in that area; most of the neighborhoods are pretty darn nice. Reputation means a lot for these people. I am leaning to thinking he would not want to become a social pariah in that 'hood by looting his neighbors and having that rep follow him for life. He is still a young guy!
Nothing I have seen in his background leads me to think he is conducting anything nefarious with TFVR. He!!, TFVR was over $1.00 when they were developing and selling Hypatia VR; they have folks who know there way around computers and networks. Listed as having 30 +/- full-time employees. His BTCS experience certainly qualifies him for the job.
Read's annual compensation is listed as 84k, hardly a large sum. TFVR filings show him with a 15 mil option @ 0.03/share. Seems fair to me. Gary Smith with a 1 mill option @ 0.03 exercising on or after 22 April 2018. Seems reasonable.
I'm watching, but over the daily hype. Stepped Sell's GTC in @ a very reasonable px. I like the valuation another post said about a 50 mill market cap and $0.45/share px. Clean balance sheet.
I was a little disillusioned when the PR from 09 Jan said Dapps and ETH was their focus now. Upon further DD, it seems Blockchain and Dapps IS a huge future arena, beyond cryptocurrency and simply mining.
Standing by and waiting for > than $1.00/share on TFVR.
TFVR.
I just spoke to Scott.
He indicated the same.
A does not equal B. A must be covered with A.
Marlene at FINRA said TFVR is subject to Rule 203, not 4320.
I.e., they must close out at 13 days and etc.
She is researching "like kind and quantity" (our initial question) and will get back to me.
Interesting.
Who decides what is a "like kind" company?
Put your shares out on a GTC at a price you feel appropriate. They buy them only. Cannot be "borrowed".
Of course.
If not well known, the Amazon brand would make it well known. Does not matter what it's called, just has to work.
Related, aren't these folks working on a tickr change?
Imagine a TFVR world where Amazon chooses TFVR as one of it's acquisitions to implement it's cryptocurrency business model.
It may be that TFVR would have to switch it's crypto focus from ETH to XRP. XRP has a faster transaction time.
With TFVR being so quiet with PR, very tight-lipped, who knows what may be going on. Read's connections, as others have posted, could be a deal to have TFVR acquired for such a venture.
Amazon has purchased URL's they may need in the future; "amazonethereum.com, amazoncryptocurrency.com". Here: https://www.investopedia.com/news/why-did-amazon-buy-cryptocurrency-urls/
I guess will see what the TFVR future holds.
Same. What a POS this issue is. nothing to 185 back to nothing. should have stayed on ifxy. at least that was a fun ride.
3:44:49 pm ET
I bot TFVR when they were announcing their upgrades to Hypatia; their VR product. It sat for months as a dead issue on my portfolio.
Then Jan 2018 they announce reorg to chase ETH and Block Chain related products.
AFA DD goes, I see 30 +/- employees @ TFVR who obviously know their way around a computer. Their filings are encouraging.
If KODK can move +300 % in one day by announcing at the LV CES they are buying BTC-specific mining machines, then TFVR should be able to transition that way.
Did it.
SEC page on Form D says if the first sale date is a Sat, Sun or Holiday, the beginning date is moved to the next business day. Does not describe subsequent "days" as having to be business days. Jan 4 2018 was a regular business Thursday.
Any word on name change?