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Nothing is wrong, i'll be happy either way. I'm happy where i am. I'm already over 400% on this, so i'm happy, but will be happier if it hits $2 lol
My concern is the book value. They currently don't have much assets, unless you count the company they just bought it. But I doubt they have enough assets at this time.
Ladies and gents, I want to throw something out:
If the market cap remains after this cancellation, then we are looking at about $2 a share.
Now consider this:
If this event will somehow cause the market to evaluate this company lower, then we may not reach $2.
But if their book value is pretty close to market cap then we are set.
end of day sell if is expected IMO. not sure many people will want to hold over the weekend.
yes, you're good. I have mine through TD as well. Cancellation will not effect you in a negative way. Only the people outlined in the court document.
He is right, in a typical share cancellation, they will need to be bought back, this is not typical, therefore, once the market updates, those shares no longer existed, no one owned them, etc.
100%. The court document even outlines how much and to whom the shares belong.
Under current circumstances you can. If they want to buy mine out, they are more than welcome at $2 a share ;)
Need more volume to push this further.
someone offloading 1 million shares
They were illegal
can't seem to break through .0329
some really big bids coming in...
I doubt anything been posted yet due to how late the hearing was. I'll keep following up every 20 minutes today. Hope it's posted.
How can it move in PM? I've never seen it do it before. I thought OTC can only be traded 9:30-4?
Hard to guess, but can put us between .05-.10
The spread is tightening, i think volume is coming in soon.
That would be ideal, before market opens, or early on after it opens. If they announce tonight, then it will be tough to gain momentum tomorrow
So the hearing is set to start at 4PM Easter Time, right after the markets close. We won't see any actions on this until tomorrow.
My prediction it's going to go up on the news, hope to see reach .10, however, this is the chance to cash out, there will probably a significant drop shortly after the news. I hope I'm wrong, but seen this many times.
Yes sir, it's the final hearing. The defendants didn't show the first time around. Doubt the clerk will get the paperwork in on time tomorrow, so hopefully Friday.
Agreed, can't wait until tomorrow. I have been waiting for this moment for a year and a half now.
BitFrontier Capital Holdings, Inc. (OTC: $BFCH) Completes Foundation and Begins Construction of its First Cryptomining Facility https://www.otcmarkets.com/stock/BFCH/news/story?e&id=1366148 …
Never been through one. What was the result of the one you went through? Was it an OTC?
Not sure why people are selling since the final hearing is set a week from today. I don't mind cheaper shares, but I think it's unreasonable to sell at this point.
As previously stated, the final hearing for the share cancellation has been set for May 30th at 2:00pm Mountain Standard Time. The complaint seeks to cancel 12,260,000,000 (12.26 Billion) shares of Common Stock, 2 shares of Series A Preferred Stock, and 14,000,000 (14 Million) shares of Preferred B Stock, making up almost 99% of BitFrontier's issued and outstanding shares of Common Stock, and 100% of the issued and outstanding Series A Preferred Stock and Series B Preferred Stock classes.
Get them while they are cheap.
unfortunately my loan won't come through until the 20th of this month, and construction starts in July, but i'll come back and post a picture of me lounging in it, whether BFCH pays for it or not lol
yes sir! I'm not taking anything less than .10. I was skeptical at first too, but that was when the price was .005. Now it's .03, and I'm happy I held on to it.
Once this hits .10, it will pay off my pool that i'm currently building, if it goes more, then put a nice chunk into my principal of my house.
wow! those 900k shares are being sold off like hot cakes, I was wrong
930k shares ask! Dang it! Need more volume to break through it. It's setting up a wall... MAGA
let's see that .03 today
what a good open today
a high chance, but right after it, it may. How soon, don't know.
That's why I watch it every single day, and have alerts set every .005 lol
It's hard to say, the market may have adjusted based on the news of potential cancellation I've seen several times where news pops of potential mergers, FDA approvals, etc and stock price goes up, however, once the event actually takes place the price drops or stays the same because the market already adjusted.
This stock still being a bit of unknown to the majority of the market, it may have a small window of when it goes up drastically, but then will fall hard. That's what I am afraid of.
Can it go higher? I'm sure it can break over .03, in fact, I think it can go to .05, but to say it will go even higher, who knows. The float will be so low that it will become super volatile.
In the past blockchain companies exploded with high gains, but since then it has settled down.
In short... who the f knows.
what a great close! My investment keeps growing.
very good close today
Big volume rolled in earlier, and it stalled now.... hope it makes another push past .0230. It will be really awesome to see .03
BAM!! record high!
almost at 52 week high, hope we get past that.