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.
so the Q2 fins only showed share structure and share information. For example with Q1 the first quartly report was share info the second quarterly was the fins. I think we are mainly waiting on the fins from Q2 to be posted. I was thinking you only need an atoury letter if your behing to go "current" not to stay current.
so do we know what this cooling system will look like by the way? Is it large enough that we can see on the exterior of the miners or racks? Or will it be hidden in with the miners and equipment?
Either way while I still would have liked to see more info I feel like this tweet was just to deal with the public out cry for an update. I feel like the meaty part will come out with the "official" update.
Side note: I would also like to see the remainder of Q2 fins and that yield sign to vanish again.
That I can agree with, I dont deal with electrical but I have only seen set ups like lat for large machinery or large buildings with a high volume of small machines.
Thanks, I speculate that Spencer released the statment that Q2 fins wouldnt be done in time to get the twitter update out. Hope to see the fins compleate and an oficial news update soon.
yup, integrated supplier at GE so we worked through as an essential company. That being said VA lifted the restrictions months ago. Now it could still be causing supplier problems, for example a lot of my suppliers are ruining behind and into delays due to being understaffed, mean it doesn't matter whether your allowed to run or not if half the plant gets sick you gotta shut down because you dont have the man power to run. Either way my post was mainly just a little disappointment because I wanted to see them running, still they are pushing forward. Genuinely happy for this one.
laser, first off thanks for sticking with us this long. As much as your post drive me nuts I can't deny you do tend to bring up the flags and issues and for my sake at least force me to double check and not run blindly.
That being said whats with the Appalachian power post, I see some people calling it out right fraud? From today's twitter post it looks like BFCH is pushing forward granted at a snails pace? Curious what your souce is for the info and credability
second, what do you mean missing info from the update? While I am a logistics specialiost I do not know the financial reporting standards? I am assuming when you mention 6/30 your talking about Q2 still missing the secoond half with the actual fins in it and not just the stock report?
happy to see the new tweet however its extreamly dissapointing to see they have only done this in the 5 months since the last update. That being said slow and steady, slow and steady and well get there
think we are still needing the second half of the Q2 financials first before BFCH releases the business update. That being said thet have been pushing pretty hard with the updates compared to how they did in the past so hopeful we'll see it all come through this week.
That being said whats with the day after updates on OTC? Feel like we would normally see the updates as soon as they post but the last two disclosures didn't show up until the day after?
mean they are current right now, pink current on OTC and are getting the Q2 financials posted soon per there last disclosure on OTC. recently they have been coming through on the updates so id hold off a few weeks before saying theirs no intention. Mean I dont see this as a big company that can move mountains over night. Let the financials get posted and judge them on the next PR update.
I mean, alot can happen if your starting a business do delay things, I feel they were definitely overestimating when they said they would be mining Q4 of 2019. Mean at that point they only had a building frame up. I have a hard time believing they would go this far and buy install the racks and wireing and buy miners just to not mine. That being said I would say this batch of financials and upcoming PR is the make or break. If they arnt mining by now or arnt ready to be mining soon they I may be switching sides. Mean its been 5 months since we got the PR showing the racks installed with the switches and miners on a pallet.
I feel like they are, last update was that they are working to get Q2 financials to us and I would expect the buissiness update after that
but guessin that means well be getting Q2 financials before the news. That bein said least it looks like there serius about staying current
https://backend.otcmarkets.com/otcapi/company/financial-report/255138/content
little odd tho. expexted date listed 8/17 so filing monday then?
nice, i can agree with this one completely. All riding on the next PR release. Regardless if we get it later today or some time in a week or two it definitely needs to show some meat.
so gunna throw this out there. I feel alot of people wanted an instant news realese once BFCH went current. My thoughts are, if they prioritised getting a quick report out it would be skimpy and probably look negitive without alot of info due to being a rush job. Since its taken so long I get the feeling there will be alot of meat to this report or at a minimum it should be a full news release rather than a twitter update.
They may be uploading to utube to link to the site for some reason. If thats the case the re upload could be part of MFCH getting ready for the next news release.
yup thats the one playing on BFCH website. However it went partialy down and Iv only been able to view it when going to there site on Mobile
I feel if not tomorrow for sure this week, feel like the crowds are waiting for that update to realy buy in. That said I am fine waiting a little on this update from Spence, if it contains everything thats hoped for then it should be quite the lengthy update. That being said we dont know yet if itll be a twitter update or global news wire update. If its twitter then for sure shouldnt take long. If its a full news release on News wire then it could take a while to write up
Not sure how quick we'll get the update. BFCH was finalizing the reports and they took a month.... I'm hopeful we'll see the update this week but if Spencer waited to start the update once he became current then it may be an update that takes a minute. On the positive side I say this because I am hopefully for quite the large update with a lot of new info. The more there is to it, running facility, purchased/mergered businesses like telisis and hopefully SPLR in the future all of that would take a decent while to get into a news release but deff worth the wait
How good a week will depend on Spencer and how soon/what info we get in the Business and facility update. However I will say I am anxious as hell for this update. Pink current, great structure with min dilution compared to others, BTC going up. The stars seemed to have aligned for this one just need the update from ole Spenc with a running facility and good news and we'll blast off beyond expectation. That being said I do feel Spencer/BFCH purposely held back reports/updates until BTC started to pick up, the timing was just to in-sync to be coincidence so hoping our CEO is playing his card right and continues to ride the wave.
I dont know what the expectations were for the Q1 financials, anyone who followed twitter or the reports could have seen that the facility only had racks up and was not running nor had power during the last facility update 3/31. Mean that pretty much was a gaurentee the financials for Q1 would be red with no profit. That being said that was 4+ months ago. I would expect Q2 reports when they come out or the facility/business update from Spenc to show some major progress since then.
it was a STOP sign before
otc updated to a yeild sign
so news and filings asside. in a month we went from .0125 to almost a .04 high and a 1.5 mil trade average to almost 20 mill. with hardly any news honestly just on hype and speculation with no running ware house. Still going up like crazy just off the reports that while not bad still dont show anything great at least to me. basically assuming after so long just a tweet/news release of the facility being running/almost running spiked it this much in a week.
I see a lot of people saying .23 but realistically with the build up any thoughts on this one possibly going wild and passing that?
kinda reminds me of the movie the perfect storem where the 3 hurricanes came together to make a super storm. Just in this case its the 3 different hing points of the company coming together to make a perfect bull run insted
agreed, i see 3 major points we were hinging on for a great run.
1. going pink current and having financials
- virtually done, need otc to update and maby Q2 to stay current but updates coming through like crazy.
2. Bit Coin price spiking to improve profit/get more public buy in.
- not a crazy bull run but on par to bit 15-20k end of year with demand growing higher
3. the facility update with running or ready to run miners
- the catalyst we are all waiting for,
one and 2 are basicly down so if we get the update then away we go
so I think it breaks down like this
9/30/19 - 167M outstanding
12/30/19 - 182m out standing
3/30/19 - 184m outstanding
current based off OTC - 199m outstanding
9/30-12/30/20 15 mill issued
12/30 - 3/30 2mill issued
3/30-current 15 mill
I see roughly 32 mill issued over time
also side note, not sure whats to surprising that there is no evidence of running miners in the q1 financial. the tweet with the pictures of the racks talked about earlier from March was just wired racks and a pallet of miners so wouldn't expect to see anything from that. would have been nice though.
I do agree with ya to a point, my thoughts are spencer got hit with some unexpected delays and was more idealistic than realistic with cost/time lines. The stock issued is not a massive amount and i believe it was mentioned in a news report to global news wire at some point about keeping it to a minimum ( id have to dig through the reports to find the link again ). Spencer leaves alot to desire on the info he gives out and dosnt seam to care about keeping people up to date. That being said I would not sink my fortune into this one without more to go one but it's still going, and basically the whole thing hinges on the next business/facility update they give. That should should about how much they actually care about being a running company. That said you can wait untill everything is clear and the info is there to be safe and buy in high or roll the dice when its all specualation and buy in cheep for a potential big win. It's pinks have fun
NEW QUARTERLY REPORT ADDED TO OTC LINK BELOW ( THIS HAS FINANCIALS )
https://backend.otcmarkets.com/otcapi/company/financial-report/253703/content
I mean if we get a current update and it looks the same I'd be pissed but I would expect Spencer and BFCH to have a lot more than that done. I was just thinking it was an update I had missed from today or yesterday. Thanks for the link though
thanks that is definitely an old post from back in march, just the racks getting put up and wired up with the switches
could you post a link? I am not able to find any of the pics with anything hooked up just the old post with the racks and initial wire ring.
could you post a link? Im looking on the twitter page and have been trying to find the pics but all I see are the ones from the last update when they had only finished installing the racks?
Ahh yea, so the miners aren't hooked up yet as far as we know. The pictures have the racks up with the wiring done done waiting for them to put the miners in and get them installed/running. The pallet of miners is just showing that they have them on a pallet ready to install. They have yet to actually hook the miners up and run them. Once they get current then we should be getting another update with new info on the mining facility and how they are progressing.
what picture with miners hooked up? asking cause I have yet to see any pictures of the miners other than on a pallet?
Just my speculation based off my experience of how corporate purchasing works, the rest just my limited knowledge of crypto mining. since there inst any info posted yet for a hard answer but hope this help a little.
1. How many miners did they order? All I can find is a "bulk order" a year ago.
- Based off of the financial report and assuming they are ant s9 miners 3000-5000 depending on what kind of discount for a bulk order, if they were the newer ant s19 model the 100-150 depending on discount ( assuming a 40-60% discount for a bulk order off retail price )
2. Did they buy enough to fill the warehouse?
- if its the s9 miner 3-5k miners would most likely fill the facility if its the s19 miners maby 1 racks worth
3. How much did they cost?
s9 retails at 95$ typical bulk business discount would be 40-60% off so 50$ range s19 is 2400$ so would assume a 1500$ price point
4. Now that they are a year old, how long before they need to be upgraded?
depends on the company hash rate/power consumption determines profability they can be profitable as long as crypto prices are high but new tech may be more profitable so depends on how BFCH looks at it. usually after about a year more efficient miners come out, most of the miners i see stay profitable for a couple years though.
5. What is the useful life of a miner?
depending on the miner usually 1-3 years, a lot depends on the difficulty rating of the crypto being mined vs the hash rate / power consumption of the miner.
up a penny on the open price in a hour. Keep it up BFCH
I have to say I like your thinking and 100% agree with that. Would be great to see now that we have the reports and letter posted.