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Kick I want to ask you a question about gbtc. I don't pay for iHub so I can't private message you. Would you private message me with your email address? If not no problem!
This guy doesn't know what he's talking about. He calls it an sec halt when it was a suspension, big difference. He also acts like it will come back into normal trading... I wish it would but history shows us it won't! I have thousands in this like everyone else here and would like nothing more to see this resume normal trading but it won't.
October 9th will be a big day for possible rules changes which would allow GBTC to move to NYSE!
I totally get that but again it should be a warning to digaf not to do an ICO. If they do it's time to run!
Initial coin offering
Sorry which stock do you think will be ok and not subject to an sec suspension? Thanks much!
I would hope that they would no longer pursue an ICO as that was mentioned in part as to why CIAO was suspended!!!
https://www.sec.gov/litigation/suspensions/2017/34-81367-o.pdf
Probably but the vague reason from the sec for suspending trading is what makes it just a guess and harder to make smart judgements on other plays!
Digaf gbtc
If you look at the latest pr's they put out and the reason for suspension it's pretty clear.
SEC Suspension of Trading
Aug 25, 2017
OTC Disclosure & News Service
Washington, D.C. -
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 814181 /August 24, 2017
The Securities and Exchange Commission ("Commission") announced the temporary suspension, pursuant to Section 12(k) of the Securities Act of 1934 (the "Exchange Act"), of trading in the securities of American Security Resources Corp. ("ARSC"), a Canadian corporation, at 9:30 a.m. EDT on August 25, 2017, and terminating at 11:59 a.m. on September 8, 2017.
The Commission temporarily suspended trading in the securities of ARSC because of questions that have arisen regarding publicly available information about the company in press releases on OTCMarkets.com, dated August 1, and August 8, 2017, concerning, among other things, the company's business transition to the cryptocurrency markets and early adoption of blockchain technology. This order was entered pursuant to Section 12(k) of the Exchange Act.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2 11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to ARSC's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker-dealer or other person has any information which may relate to this matter, contact Michael Paley, Assistant Regional Director, New York Regional Office, at (212) 336-0145, Sandeep Satwalekar, Assistant Regional Director, New York Regional Office, at 212 336-0161, or Tracy Sivitz, Senior Counsel, New York Regional Office, at (212) 336-0029. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
Copyright © 2017 OTC Markets. All Rights Reserved
I think some regulation is good and appreciate your comment. I just don't like the non specific, very vague reason to suspend a company. It makes it hard for me to look at others in the space and answer the question of "are they sec compliant or not"?
Very confusing in this new sector!
That would be key to compliance and future success! I believe in gahc but I don't feel the same about the sec. They have a ton of power and seem to not be held to the same accountability they expect from traded companies, lol!
Sorry that happened but with bit*f suspension and the 3 others in the past two week (the latest ARSC on Friday) it's undeniable that if a publicly traded company is in the crypto or block chain space they better play by the rules (which don't seem to be completely ironed out quite yet). I owned 250,000 of gahc but I got out Friday until this dust settles.
Yes some may call me weak hands or weak kneed but it's pretty scary in this space at the moment. I hope to get back in when things settle down. Cryptos are the future!
If they go through with an ICO I "THINK" (just my opinion) it would be the death of GAHC. It's very clear an ICO would get unwanted attention from the SEC as they have warned everyone back in July.
STBV CIAU BITCF ARSC
SEC HALTED TRADIN OF 4 BITCOIN / BLOCK CHAIN STOCKS!
STBV CIAU BITCF ARSC
All four of these Bitcoin/Block Chain plays have been HALTED by the SEC in the last couple of weeks with BITCF and ARSC on Thursday and Friday. I am only truly familiar with Bitcf and know a little bit about the others.
If you own a bitcoin blockchain play be very careful that it's not violating any SEC rules! They are coming down hard and fast!
STBV CIAU BITCF ARSC
All four of these Bitcoin/Block Chain plays have been HALTED by the SEC in the last couple of weeks with BITCF and ARSC on Thursday and Friday. I am only truly familiar with Bitcf and know a little bit about the others.
If you own a bitcoin blockchain play be very careful that it's not violating any SEC rules! They are coming down hard and fast!
Digaf and gbtc are both otcqb so they probably will be safe but I'm sitting on the sidelines with a pile of cash waiting for the dust to settle! Made a lot on those that I listed! . Seriously doubled my bottom line in less than 2 months. I love crypto stocks and they are the future for sure but the Sec has a lot of power and the government doesn't like citizens exchanging fiat to digital in my conspiracy theory mind! Ha ha
I sold all of my bitcoin plays today because 4 sec suspensions scares the hell out of me! Luckily I only got sort of bitten by one (bitcf). I sold a little less than half my shares at $1.65 after the CE. I bought at .33 so I still made over 100% even if the rest of my shares become worthless. The others I sold today were digaf (great company with low float), gbtc, gahc and sing.
ARSC was just suspended today as well! I didn't have any money in it but it's a huge sign of the times...
Many of us have both! Also, it's nice to use a small portion of our 401's on plays like this...
I'm just nervous about their motives and with the power the sec has and with any prodding by higher powers anything can happen. I try not to be a conspiracy theorist but the case could be made.
Thank you for your reply. I'm sitting out for a bit until the dust settles. Hoping (ha ha but won't happen) the SEC comes out with something that indicates those in this sector that are doing everything right and are not a concern, at the moment. I love this sector and won't to be in it so bad but adding this element on top of it all being otc is just too much to bear.
I've noticed that you seem to know your stuff and I'm impressed by your experience and knowledge. In your opinion is any of the bitcoin plays that won't be subjected to the latest sec moves of this sector? I jumped out of it all this morning but really believe in gbtc digaf sing and maybe gahc. Thoughts?
Thanks kairos! I really strongly believe in digaf so I'm very saddened to sit on the sidelines for a bit. I hope to be back after all this smoke clears!
It's getting to scary for me in this crypto bitcoin blockchain space! ARSC was just halted by the SEC this morning. Dang it I'm so bummed! My best wishes to all for mega fortunes but I just don't have the balls at the moment to continue. I'm out until this all settles!
https://www.otcmarkets.com/stock/ARSC/news/SEC-Suspension-of-Trading?id=168201&b=y
Just sold all my bitcoin plays! Sec suspended another one today! ARSC
Thanks for the info!
Only problem I see with ifan is the sec delinquent and stop sign with otc. What are the plans to become current?
As I said over on the bitcf board..... Where have you heard this!?!? LOL. I'm not sure how I would feel about that!
Digaf has been above board with everything and has done a great job staying within the lines and singular focused.
Bitcf on the other hand while very inventive is the polar opposite by pushing the envelope with ico's, using coins as assets, coins as dividends etc...it just doesn't sound like a match to me. It's clear management has two very different approaches and styles.
Just my opinion on your opinion that others will then voice their opinion on!
Where have you heard this!?!? LOL. I'm not sure how I would feel about that!
Digaf has been above board with everything and has done a great job staying within the lines and singular focused.
Bitcf on the other hand while very inventive is the polar opposite by pushing the envelope with ico's, using coins as assets, coins as dividends etc...it just doesn't sound like a match to me. It's clear management has two very different approaches and styles.
Just my opinion on your opinion that others will then voice their opinion on!
Thanks for posting! Very nicely written. Time will tell what happens.
Plus through the excitement people ask how to get on the bitcoin train and discover this opportunity! Ask yourself what brought you to this investment!
Don't think you'll get it below $700 anymore! Btc at $4350
It's already $4350 and with the CNBC report on bitcf it will perk new investors to come join the party! If it hits over 5g's this weekend look out dollar land!
True that! Just created a nice buy opportunity for me!
Well as most already know bitcf is halted by the sec until sept 6. Grrrrr! But at least I still made 100% on my total investment even after selling 45% at a low price of $1.65! Hope we come out of this thing and get back to normal trading but I'm not sure if that can happen at this point.
Added on the dip today! Woo Hoo
Obviously we have to hold as I'm in since .33 with selling a little less than half at 1.65. But that being said I still believe when the dust settles bitcf will be stronger for it and no what their boundaries are with the sec and otc. I still think we will be up in less than 6 months. I don't think the sec and otc quite know how to handles cutting edge bitcoin alt coin plays. Just my unprofessional opinion.
Thanks I will add that to my list to watch!
I would say yes to $10 by December if the stupid OTC stays out of the way!