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Thanks.
March 25 Nasdaq Marketsite exclusive interview still coming, and the pre-hype will be big!
17 trading days before the big day.
Agreed. Looks like Clay and his goons are done shorting this for now.
Once this runs up again, then you know Clay will be back at it again...
Overall this is a great growth company if you are willing to wait months (not days), and in a year or two this could be 50x to 100x your money. People always overestimate the short term and underestimate the long term by a lot.
GLTA.
Amazing that this went from 14.5 to 18.0 with a 110,000 share purchase this am.
Makes you wonder what will happen when some really good news comes out next (and you know it's coming).
I am looking forward to March 25 and beyond.
Naked short sellers have to cover before the close (3 day cover rule).
What company would acquire this do you think?
Remember the Feb 14 news:
"...This new agreement allows for existing cash flow to meet the payment requirements so as to avoid further dilution or the share reserve being used.”
“With our recent revenue generating SMS asset acquisition and subsequent JV formation, QGlobal SMS, we look forward to 2020 being a strong growth year across all our brands and wish to thank Labrys Fund for working with us to secure this refinance,” continued Mr. Iglesias, the Company’s CEO.
No TV show is coming. It would have been aired by now.
I believe the CEO has run out of cash and cannot finish the job. And, he cannot get a traditional bank loan since no bank sees mining as a long term profitable venture. And he cannot dilute more to get cash. And the naked shorts are just simply attacking this day after day.
I really see no hope in sight.
Until the CEO shows me the beef, then I am not believing anything plans of "hope" here. Transparency is gone, dark and defunct.
They never respond back when I contacted them in the past.
Good idea to contact the town to find out nothing is going on.
It will be a roller coaster onto new highs as the months go by. Perhaps this company is even bought out.
This is usually when the shorts cover during the last hour of the day. They don't like to hold positions overnight.
Slap the ask now.
I added more too.
This stock is under attack and the CEO does nothing to defend it. A great PR would do wonders, but nothing comes out instead.
This naked short selling stuff may be skewing your chart, and also might explain why as soon as someone buys at the "ask" price, then then next "ask" price goes lower, not higher.
Nothing to prevent a naked short seller from shorting shares and then buying in again in 3 days, only to immediately short short again for another 3 days, etc....
From:
https://nakedshortreport.com/what-is-naked-short-selling
---------
What is Naked Short Selling?
Before we get into Naked Short Selling let’s understand the basic premises around short selling.
Short selling is the sale of a security that is not owned by the seller.
The motivation for short selling is an investor's belief that a stock's price will decline, enabling the short seller to buy the stock back in the future at a lower price and make a profit.
Normally, when one short sells a stock, their broker will lend them the shares to sell. The loaned stock will come from the broker's own inventory, from another one of the firm's customers, or from another brokerage firm. The shares are sold and the proceeds are credited to the short seller's account.
As payment for borrowing the shares, the short seller is charged a fee, quoted as an annualized percentage of the value of the loaned securities - i.e. a borrower of a stock with a 5% stock borrow rate will be charged $5 per year for every $100 of stock borrowed. Stock borrow rates change daily based in large part on the supply and demand to borrow that particular stock.
If the number of shares available to borrow is in short supply and/or great demand (which is often the case in highly shorted stocks), finding shares to borrow can be difficult and expensive.
A frequently asked question and outlined in our FAQ’s but let’s look at naked short selling from various perspectives.
How does naked short selling effect the stock market?
When a seller "naked short sells a stock" they do not own the shares they are selling and therefore are selling artificial shares. This is like counterfeiting a stock. This process creates an obvious unfair advantage to the seller and an imbalance in the market as the sell side is now increased with more shares – many of which are counterfeit. There is a time limit on how long the seller can sell these shares and be naked on the trade and the time limit is 3 days. This is where the RegSho rules come in and the data we track. If the sellers broker-dealer has not located a borrow to cover this short trade within 3 days they will need to purchase back the shares they have sold on the open market. This process is referred to as a "Buy In".
"When it comes to illicit short selling, the shorts win over 90% of the time"
Naked Short – A license to steal?
Naked short selling is yet another creation of the securities industry and is in essence nothing more than a license to create counterfeit shares. When you are inflating the amount of stock that is outstanding in a company, this is considered counterfeiting. The rules justify the practice by saying it helps create smooth, efficient and orderly markets. Same stuff we have heard countless times around high-frequency trading, but in reality we believe this practice leads to shady characters creating unlimited supplies of counterfeit stocks which in turn results in your investment continuing to decline and you wondering why?
I am sure you here because you are a shareholder in a company that just continues to go down, and you have no idea why. Nothing material has happened but the trading doesn’t make any sense. We hear it all the times. Most CEO’s don’t even understand, and are baffled. The worst part is, good luck getting anyone to listen! There is a major epidemic going on right now with naked short selling right now.
It's funny when we hear CEO's say , I will just buy all the shares up and own the whole O/S and they wont be able to short me anymore. Really?
Read about: Global Links Corporation and see what happened when Robert Simpson purchased 100% of Global Link’s 1,158,064 shares. Then you will truly understand how the system is rigged. Back to counterfeiting…
Perhaps your accumulation chart is skewed since it does not account for the naked shorts that are distributing to the so-called accumulators.
Yeah. Bitcoin going down too only makes the BFCH issues even worse.
Wait a few more days/weeks and you will see even lower prices.
Chance to buy more Wednesday am.
Ok. Whatever you want to believe. Right now I just want the CEO to prove anything right now.
Nothing is coming. CEO gave up, or so it seems. Also, no money, no tv show, nothing.....
$1.30/sh value per the company itself. Wow!
Should be a fun ride over the next 4 weeks waiting for the March 25 event and uplist too.
21 trading days left before March 25 Nasdaq Marketplace interview and announcement of uplisting.
GLTA.
What an exciting way to break even on all your trades
Looks like this is going to $3.00 - $4.00 range before March 25 Interview and uplisting.
Check again. The yield sign is gone. Stop sign is there now.
https://www.otcmarkets.com/stock/BFCH/overview
Why isn't this CEO defending his stock price?
You know, all this negativity can be resolved by one good solid PR. This thing traded to a new 52 week low below one penny. I am really hoping that such a PR will happen, but unfortunately "hope" is not a plan.
Per your YouTube video link, if all goes well in May and beyond BTC could double or triple. Then it makes more sense to buy GBTC and get a double or more by May.
As for BFCH, I am not throwing good money after bad on a chance. This is now "Dark or Defunct". Perhaps it gets delisted to the grey sheets by then. No thanks. Need proof that there is still a heartbeat.
----
Grey Sheets Trading
Should be Avoided
Grey Sheets, also spelled "Gray Sheets," and also known as the "Gray Market" is another category of OTC stocks that is completely separate from Pink Sheets and the OTCBB.
The differences are as follows . . .
Unlike other financial markets,
• No recent bid or ask quotes are available because no market makers share data or quote such stocks. There is no quoting system available to record and settle trades.
All Grey sheet trading is moderated by a broker and done between consenting individuals at a price they agree on. The only documentation that can be publicly found regarding the trades is when the last trade took place.
• No SEC registration and little SEC regulation. Regulation of Grey Sheet stocks takes place mainly on a state level. Unlike Pink Sheets, these stocks have no SEC registration to possess a stock symbol or to possess shares, or trade shares, of that stock.
• Such penny stocks, similar to Pink Sheets, are not required to file SEC (Securities and Exchange Commission) financial and business reports.
• These stocks may not be solicited or advertised to the public unless a certain number of shares are qualified to be traded publicly under 504 of Regulation D.
• Extremely Illiquid. Gray sheet trading is infrequent, and for good reason... Difficult to trade, not advertised, difficult to follow the price, the least regulation possible, hard to find any information on the stock, very small market cap, little history, and most such stocks do not yet offer public shares; so shares of such stocks are commonly privately held.
The lack of information (bids, history, financial reports) alone causes most investors to be very skeptical of Gray Sheets and avoid them altogether. Grey sheets trading is rarely made by Extraordinary Investors.
• Shares of such penny stocks are privately held and restricted from being sold publicly unless such company files a 504 of Regulation D and meets basic qualifications; for instance, have a concrete plan of operation, and a certain number of private stocks being held for at least one year, and a planned sale of shares worth no more than $1 million. The benefit of the public offering of stock is to raise capital for operations.
Not touching this one at all until they get their house back in order. Right now this is an utter shambles.
Also, May 2020 is coming soon, and if bitcoin price does not double from here, then the halving event will definitely prove to be a loss for mining companies, especially to those who are running obsolete mining machines.
Not long with this one. Currently into iqst.
I left long ago, but still watch it for any signs of life.
See OTC page link below.
BFCH is now:
STOP sign
Dark or Defunct
Shell Risk
https://www.otcmarkets.com/stock/BFCH/overview
Warning! This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
Looks like this CC happened on Feb 20. The presentation is already on the company website.
Thank you :)
Is there a conference call? If so, what day/time?
Thanks in advance.
It means something for people holding shares without PR's coming out. Just goes to show the CEO doesn't really care anymore.
The CEO cannot do an update since there is no progress and thus no update. I still believe they are just out of cash. I also have doubts if that TV show will ever be shown.
Remember- Yield sign and shell risk too on the OTC page.
Great news.