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Same result...
Companies looking to ride the cryptocurrency wave are drawing a stern warning from the top U.S. securities regulator: You better do more than change your name.
The Securities and Exchange Commission will be watching firms taking on new names and business models to make sure they’re not just trying lure investors eager to jump on the blockchain bandwagon, Chairman Jay Clayton said Monday in comments prepared for a conference in Coronado, California.
https://www.bloomberg.com/news/articles/2018-01-22/what-s-in-a-blockchain-name-sec-demands-more-than-investor-bait
Dead link, though nothing new.
https://techcrunch.com/2018/01/25/sec-warns-against-public-companies-adding-blockchain-to-their-name/
LOL!
‘Blockchain-R-Us’. Maybe he can get the ticker BCRU.
Do you have a link to anything this CEO has said that has "panned out"?
And I don't mean things like issueing PR's, changing names, hiring spokesman,etc... You know, things that "pan out" and make money.
By the way, you just described a P + D....
Making money on a loser is nothing to be proud of. Maybe invest in an armored car heist or even a common pickpocket to climb the social ladder. I'm glad you were able to sell in that very short lived pump and dump. Gotta be quick...
Everyone has an opinion. You state this as fact, " Making money....". Unfortunately there is no link to back up this BS. So maybe you could edit in, "losing money" real quick...
Looks like they are working another scam now. One's even in jail...
SuperPacMan Member Level Thursday, 01/18/18 12:30:53 PM
Re: None
Post #
118654
of 118672 Go
Ihub Jail? Oh well..
SEC to Scrutinize ‘Blockchain-R-Us’ Schemes
Before moving on to other matters, however, Clayton expressed concern at the growing number of public companies that have allegedly sought to artificially inflate their share prices by associating themselves with blockchain technology.
As CCN has reported, companies as diverse as biotech firms, beverage companies, and even sports bra producers have announced abrupt forays into the blockchain space, rebrands which have led to soaring share prices and — more often than not — a new securities offering.
Clayton said that the agency is “looking closely” at such “Blockchain-R-Us” schemes to determine whether they violate securities regulations.
https://www.ccn.com/sec-on-high-alert-for-icos-that-violate-federal-securities-laws-says-agency-chairman/
This is hilarious! Major news! 2 PR's in 5 days!
https://www.facebook.com/brandon.romanek.5
Brandon Romanek
3 hrs ·
Breaking News on Millennium BlockChain...
After only 5 days Millennium BlockChain has our 2nd PR
I'd tend to listen to this guy instead of the "ass clown"....
"Jay Clayton, chairman of the US Securities and Exchange Commission, yesterday issued a public statement on cryptocurrencies and initial coin offerings. In it he reacts to the current development in the crypto market and gives personal assessments of the situation as well as behavioral advice for investors."
https://www.sec.gov/news/speech/speech-clayton-012218
https://www.sec.gov/news/speech/speech-clayton-012218
"Before I move on to the next topic I want to raise one more narrow, distributed ledger or "blockchain"-related legal issue by means of a hypothetical. I doubt anyone in this audience thinks it would be acceptable for a public company with no meaningful track record in pursuing the commercialization of distributed ledger or blockchain technology to (1) start to dabble in blockchain activities, (2) change its name to something like "Blockchain-R-Us," and (3) immediately offer securities, without providing adequate disclosure to Main Street investors about those changes and the risks involved. The SEC is looking closely at the disclosures of public companies that shift their business models to capitalize on the perceived promise of distributed ledger technology and whether the disclosures comply with the securities laws, particularly in the case of an offering."
SEC Cracks Down On "Overnight Blockchain" Companies
One month after the addition of "blockchain" to a company's name - or business model - became a joke in financial circles, not to mention a shortcut to soaring market cap for countless micro-cap companies, the SEC is finally getting involved.
As Reuters reports, the SEC is scrutinizing public companies that change their name or business model overnight in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday. As we discussed last month, dozens of little-known companies - and not so little-known in the case of Kodak and its infamous KodakCoin - across the globe saw their share prices surge higher in recent months after unveiling plans to enter the bitcoin industry or that of its underlying distributed ledger blockchain technology.
https://www.zerohedge.com/news/2018-01-22/sec-cracks-down-overnight-blockchain-companies
Have you been able to get out yet? Volume and price are trending downwards. Maybe some short covering will present an opportunity to liquidate.
I'm surprised this has traded over a $1.00 all day. If they release some more fluff next week it could stay above $1.00, but I'd doubt it. One day pump...
Pretty good day. It's back to where it was about a year ago. Once the low level promoters/traders leave, watch out below...
" holders of the Series A Preferred Stock are entitled at their option to convert their preferred shares
into common stock at a conversion rate of one hundred (100) shares of common stock for every one (1) share of Series A Preferred Stock."
You must've missed the 2,000,000+ preferred shares issued that convert to 200,000,000 common
As of October 31, 2017, and July 31, 2017, the Company had 118,785,391 and 118,778,391 shares of common stock issued and
outstanding, respectively.
As of October 31, 2017, and July 31, 2017, the Company had 2,000,000 and 2,000,000 shares of Series A Preferred Stock issued and
outstanding, respectively.
As of October 31, 2017, and July 31, 2017, the Company had 165,000 and 165,000 shares of Series B Preferred Stock issued and
outstanding, respectively.
On January 23, 2017, the Company increased its number of authorized shares of common stock from 100,000,000 to 500,000,000, and
authorized 10,000,000 shares of preferred stock, with the Company’s board of directors having authority to designate the rights and
preferences of each series of preferred stock.
https://www.otcmarkets.com/financialReportViewer?symbol=THCT&id=184671
This overpriced shell has market cap of over $120,000,000. If it goes up much further every short seller that is alerted will be licking their chops. The low level promoters touting this crap have a long history of failure. Your better off playing the Lotto...
Looks like they failed in the mj industry and are now touting the next "hot" sector. Pretty typical of a pink sheet stock promotion. I wonder how many shares this villan character received?
I wonder if the FSNR CEO will follow all the ex FSNR losers to GXXM? I see the chicken man has joined in.
"GEX Management, Inc. (OTCQB:GXXM) is proud to announce the addition of Gerald Johnston, Former CFO and Board Member of Tyson Foods, and Leandre Johns, External Affairs Director or Uber Technologies in Texas, to its Board of Advisors. The addition of Mr. Johnston and Mr. Johns represent the continuing mission of GEX to build a Professional Employer Organization (PEO) that focuses on the unique needs, complexities and opportunities that exist in industries that utilize PEO services."
Overpriced penny stock...
Isn't Carter still holding millions of shares here? These grifters just move from one penny promotion to the next. The company he moved to didn't look that bad though.
"I see Clayton has found a new company to run into the ground (if only from the CFO role).
The investors in FSNR can enjoy his last success."
here's a few from the latest fluff piece....
"which will be"
"intends to"
" build on"
"will be"
" I believe"
"I truly believe"
This stuff belongs in the Jon...
A lot of naive penny longs don't know the difference between news and PR fluff. News reports what has happened, PR fluff is what will, might, should, expects to, is in the progress of....
I'd say you are wrong, very wrong. Multiply .8038 by 120,000,000 if you want a reality check.
My guess would be close to zero. Have to check the next filing, it could be a negative number.
Of course he has, just like most the pink sheet stock promoters have. Nothing unusual if you know the true value of this promotion.
Unfortunately there is nothing out there pertaining to bitcoin and fluffy the a c.
So let me get this straight. The ass clown is somehow going to get bitcoins out of the dehydrator while floating at the spa? Maybe he will get paid in bitcoins for setting up the tables and chairs.
What does this co. have to do with bitcoin?
Volume 1100 Shares
Closing bid.045
Interest negligible
Any updates from the lone shareholder meeting? It seems the CEO has nothing generating revenues. Is the float place dead? No info about that on the site.
Wow, the s/p is tanking after that shareholder meeting. Were you able to view the float tanks?
Unfortunately, a few minutes of DD confirms the opinion of the majority. Is the shareholder meeting on for tonight? Free floats for all?
Barcharts is for morons. The only way to make money here is to flip it quick.
Smokin the hopium never pans out in pinky land.
"Per the terms of this agreement, SPO will facilitate the identification of National and International organizations to participate in this program."
Looks like more bad news today. When do you think someone will actually buy one of these gizmos?
This is all I could find-
Trading Ideas?
@MomoPicks
22h22 hours ago
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$THCT I’m 100% sure it’s running a promotional campaign.. not sure how long it will last but I already sold some of my .30s. Glta. Just riding free shares at this point
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@MomoPicks
Dec 11
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Lol $THCT is being promoted and has no volume coming in. Ouch. I’ll keep watch for a later round of emails to be sent out.
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https://twitter.com/search?f=tweets&vertical=default&q=%24thct&src=tyah
Interesting. I wonder what group/organization is playing with this? I read there was an email campaign, but couldn't find any pump outlet promoting this.
Wow! Sounds like a lawsuit against these grifters is VERY possible. Listen from 1.20.00 on. I think those 2 representing NNVC should've taken the fifth. Barry didn't sound happy...