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This article seems oddly too close to the article written here by another Michael:
https://moneymorning.com/2018/04/10/urgent-bitcoin-is-not-dead/
For one, if I do, with the current bids, I will lose half my investment. And you lose money when you sell. So if there is even a slight chance of the price recovering, I will wait it out.
I am not sure how you are not frustrated with this. You are defending it tooth and nail, with BFCH showing nothing in return. As an investor, I would like to know what is going on, instead of sitting in the dark.
Unless you know more than what we know so far, do let us know, until then, I am entitled to my frustrations, along with others who invested their money.
You are a moderator, feel free to block me out of this board.
This just favors my opinion that this is a big scam. The only info we have on this is what they want us to have. There is no outside firm that can confirm any of this. They completely missed the mark on their road map milestones.
"We anticipate starting to generate revenue during this quarter from our cryptocurrency mining operations." Let's see their revenue.
I did a quick google nothing. Once I get home I’ll look Draper. About to start spamming their twitter.
Something needs to happen, and happen quick. It hit .0033 this morning.
I am glad to see some movement here. Volume is nearly nil, however couple of percent gains a day moves it into the right direction.
Yup, so basically if they were issued illegally, then they are trying to cancel them without the buyback. Hence in the email earlier in the thread they stated they are working with lawyers. Makes sense
Not sure why you are getting so defensive when trying to have a decent discussion. There are certain things that just do not make sense here.
You are saying that people lack understanding and not doing proper DD, or "confused". The DD is there, I'm sure most of us, as investors have done our DD, that's why we are holding shares. And it looks like you have done a great deal of it, as it's posted above.
As a shareholder, I would love nothing better than to see the share price go up.
If you see that myself, or someone else stated something that is inaccurate, feel free to correct, instead of not "truly engage because it's a waste of my time". At the end of the day, the more people are "engaged" in this, it's better for the rest of us.
Either way, this board had more activity today based on the "discussion" than it did past two weeks.
I just re-read that message you received, and also re-read their timeline. Based on the timeline provided, they are saying that by March 31st they should be reaping profits from mining. Now correct me if I'm wrong, so far we don't know the following:
1. has the land been bought?
2. Has the construction started?
3. Has all equipment been purchased.
I am in construction industry as a project manager. In order to build a facility like that, you will definitely need a lot of time. Permits alone can take months to acquire. And we have 30 days based on their timeline to reap benefits from mining.
My point is, we have a month left, and we don't even know if above has even started. (Unless I'm missing something).
Wouldn't they want the shareholders to know that the land is there? Construction has started? Etc.. etc.. I think that will qualify as good news and instill confidence in the current shareholders and attract new?
Cancellation of shares will definitely drive the price per share, and will lower the float.
But correct me if I am wrong. In order for an organization to cancel shares, they must first buy them back at the current market price. If there are 12 billion shares that are being cancelled, that's about $100mil worth of shares to buy back.
However, if these are outstanding shares, then I'm not sure how that works.
Thank you! That response puts a bit of an ease on this situation.
Listen, I'm invested into this like yourself and others. But I am trying to find an excuse to stay in longer and wait it out.
What are your thoughts as to why YOU are so confident in this? Is it based on the chart? Are you playing BTC with understanding that BFCH will rise along with it?
What is your motivation that you feel so confident in this? In addition, why do you believe that most if not everything I said is inaccurate?
Not trying to be an A$$, but want to have a thoughtful discussion about our investments.
Something's off here.
1. Their website looks like it was thrown together by a 15 year old.
2. I checked out the Web Designer who did their website, even their website is not working properly.
3. Every other blockchain company provides constant updates. They don't.
4. How does a mineral company get involved with block chain. There's absolutely no correlation, unless they were jumping on the BlockChain hype.
5. Chart looks terrible. Keeps hitting lower and lower close.
6. Absolutely no volume.
7. What's happening with the shares they are supposed to dump?
8. Name change did absolutely nothing for price movement.
To me, personally, it comes off as some sort of scam.
I'm holding shares here since December because I bought into the hype, but starting to regret it.
Damascus, I know you stick up for this ticker. What is your thoughts on my opinion?
Unless something massive happens (IE: ZN), this is not going any where. Just look at the spread. It's massive. We kept holding above .01 for 3 weeks straight, now we can barely make it to .01
Basically, unless BFCH goes to the moon and finds gold, this ain't moving anywhere.
The spread is terrible! .007 - .0099. No buying power here what so ever. Level II not looking good. But at least I don't see massive asks.
Probably most volume we had for some time, this early on.
Look at that, we finally hit .01, maybe we can close above it? So far we have been trending down.
So we are supposed to have news that will help the share price move. Name change did absolutely nothing, we have 12 Billion shares still, but what are the odds it will make the price move?
There is just not much interest in this company. It can't even reach .02 and hold. Might give this one more month and i'm getting out.
any one else having trouble seeing the quote? My TD account is not updating and neither on here
That would be nice. I would like to see us break this .0120 that we are stuck in. We need volume, and a lot, 20mil plus to get this thing really moving.
I believe it is relevant, as the sentiment for blockchain / crypto is not there. On TD the name change news haven't showed up yet.
The bids on Level II area bout the same as it was weeks prior today. Nothing has changed so far yet.
Don't get me wrong, i'm invested into this and hoping it will take off, but I don't believe sentiment is just not there. And bitcoin dropped even more since I checked it this morning.
Not sure the outcome we expected at the bell.
Since this is related to blockchain, and with Crypto dropping, what are you feelings about the price going up? I noticed a lot of block chain stocks have been dropping along with BitCoin drop.
02/05 Name change
I believe this has to do with Crypto dropping. I'm in DPW since yesterday, had great 8K, and yet the price dropped 13%.