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Good point. The holiday may delay a release, if they were going to let us know who bidders are prior to actual bids being received. Yes, I have read through the link provided before regarding DIP. That should be a good indicator of what the Judge feels about the company's balance sheet. Thanks
That's what I was figuring, but hoping it will be made public sooner than later. At that point, any doubt some of these folks have, should be answered. Thanks
Thanks again to you QTRADER and others for all the wonderful DD that has been provided here. I am still suprised that we are not at .10+ already, especially with the news of multiple bidders. The qualified bidders are supposed to be notified today. Anyone know when this information will be made public, or will be in PWC records?
Several of us have been innvested in Q stocks that have done really well. Think this is another one due to their assets v. liabilities.
Thanks!
I know. This is ridiculous.! I am not giving my shares away, then watch it run up to where it should be trading. A lot of great developments here.
Bargain for sure. Will not be surprised to see us hit post BK highs today.
Yes, it disappeared quickly. Heading back up, but on a lot less shares...
Yep, manipulation is pitiful. This is ridiculous. We know its not dilution, because the Authorized Shares Structure cannot be changed while in BK. Never thought they would drop it this far.
Yes, but I"m not taking a chance by flipping, with what I think is to come. They will have to make it off someone else.
Agree, looks like they are manipulating it to try to get people to sell. Just a matter of time, and they will have to change their strategy. Hopefully it's sooner, but when SISP info comes in, they won't be able to hold it down, IMO.
Thank you. Still don't understand it trading at these levels. Great opportunity. Patience will pay off. Have a Great Day!
Appreciate it. See they submitted the 8-K confirming what we already knew. Great opportunity here, IMO. More positives coming. Have a Great Day!
Yes, I was in CEMJQ for over a year. To the best of my memory, and I know I am very close, it went from approximately $0.03 to a high of over $1.70. Very similar situation to BIOAQ. Their assets were much higher than their liabilities, and they reported financials every month per the court, and they continued to have a successful operation. We had down days as well on the way to the $1.70's, and it didn't finish there due to some shenanigans by the debtor's attorneys and the judge being ready to close the case. Even so, there was many opportunities to make life changing money along the way. You named several other Q's that made unreal gains because of similar situations. Sometimes companies file voluntary BK to re-organize and shed some debt, not because they are insolvent. I believe that is the case here. If we realize JUST 50% of the book value, IMO I think it will be more, then it will well be worth the investment. Sounds like they already have several outside bidders that are interested, which will help reach a truer valuation.
I don't understand why we traded like we did yesterday, with all the positive news plus financials that put the book value was above where we are trading. It does seem almost criminal, however, I don't believe they can hold it down forever, as more and more positives come out.
This is a NO BRAINER, Imo. A lot of very good DD to review and digest, and a lot of gains to yet be made. These yahoos who say the commons always get cancelled or do 99% of the time don't understand what the heck they are talking about and will miss out on many great opportunities, or they are working for the MM's, who are finding themselves in a serious bind, if they are truly NSS. There have been some questionable large quantities of shares to hit the ask during moves up, which a normal trader probably wouldn't do. Think it was obvious someone wanted to cool off the run up.
Thanks to everyone who is providing the excellent DD. BIOAQ has already shown how fast it can move just from where it came from in about the last 10 days. Looking forward to the next moves, which are imminent, IMO.
I will be optimistic for something like that also.....
Very interesting. No one really knows what's going to happen. Like you stated, the folks saying "it's done", or "it's NEVER coming back", don't know either. Many don't do well, but that is not an absolute.
The crypto currencies have been increasing since the suspension, so a minimal loss or even a gain is not out of the question, IMO. If management were honest with their post-suspension statement, then we may be ok. Hopefully, they will put more info out about what has transpired in past 2 weeks.
Really appreciate your posts and the link to the the other situation you were in. Everyone needs to make their OWN decision, as you very astutely pointed out.
I choose to be cautiously optimistic....
Very reasonable and excellent post of what to expect. Thanks for breaking it down. Like you stated, "God only knows what it will do at the open". However, I won't be surprised to see it trade up as day goes on. I know I am not giving mine away in a panic, that's for sure, and it should be interesting to say the least. All IMO.
Thanks again, and GLTA.
Appreciate all your insight to this situation. What impact do you think this trading of BITCF on the crypto currency market will have on the pps when BITCF opens for trading on Friday? I feel like if folks dump for anything they can get, they will regret it in a very short period of time. In their letter to the shareholders, they stated they would still be working to increase their value even though their stock was suspended on the otc.
https://coinmarketcap.com/assets/first-bitcoin-capital/
Appreciate any opinion you may have.
Absolutely, all we can do along with get prepared as best we can by keeping abreast of any new developments.
I know history is against us, but I can hold out hope, can't i? Something unprecedented may happen. I would think you would too with the funds you have tied up.
Best of luck to you!
Thanks, hopefully we will have some positive news/activity this week. Looks like you will be on top of it. I will monitor your posts. Thanks.
Ok, but I think I found it on another one of your posts. You are fighting and making a case. Just hope someone is listening. It is odd that the Canadian sec is taking a different view.
Know I have stated this several times already, but I would really like to know just what the heck BITCF did or didn't do to create this mess......other than be involved with these crypto currencies.
Thanks
We are in agreement there. Hopefully we find out sooner than later.
Well, that is the stance the company takes as well, and like you said, doesn't have a billion OS. I hope they can prove that they are legit. What is the T you refer to, where I can find the full scoop?
Very frustrating to say the least. If the company isn't fraudelaunt, then the shareholders are getting a raw deal. If they are fraudelaunt, give them what they deserve. Just seems if they were a fraud, they would shut them down, instead of just a suspension, which is typically a big blow to pps. Why let them continue?? Just like to know for sure.
Ok, hopefully won't have to try that route anyway. Agree that it most likely would be pretty illiquid. Thanks
Yes, but at this point, I would consider anything that would help liquidate the funds somehow, and I say that without understanding how this Omni coin could be converted from shares, then back into USD. I saw something like this mentioned in their letter, but again, do. not know how it would work.
Yep, not saying it's not justified. Company denying it is, so I am holding out hope and trying to understand. All I can do at this point along with venting about why this one, and not those others.
Wrong place, wrong time. Definitely!!!
If they have legitimate cause, then they need to get them all. I agree, it was very risky, but I don't know that suspension was justified until we see what this specific company has actually done. Of course, I am speaking from someone who is stuck in the suspension.
If not, suspend them all and get it over with, and protect everyone from the rest of them. Guess what I'm trying to say is, "I get it , if they are guilty", but they need to be sure, because this is a big blow to shareholders. Difficult for me to say I deserve it, if suspension isn't justified. That's where I think we will only know for sure in time.
Yes, more specificity would help us who are caught in the suspension understand. Like I stated earlier, if they are fraudulent, then give them what they deserve, but if not, they have hurt investors just because we invested in a "crypto" stock.
Ok. Actually, all stock purchases are caveat emptor in reality, if you think about it.. Just the presence of the actual CE does deter some folks, or prevents some brokerages from opening positions. Be interested to know how, why BITCF got SEC's attention. Maybe it was the percentage increase in pps, but makes me wonder if some folks that have a vested interest in the decline of the pps notified them.
I have fidelity, it still has value in mine.
Don't really understand why the CE couldn't have been enough......we, as investors could make our own decision to buy or sale based on the warning. By suspending, we can't do anything but wait, while our funds are tied up. Company had already filed 2Q earnings, which were very positive by the way, on August 15, and actually coin desk has BC @ $ 4,460.00 as I type this. All positive!!
I originally bought on 8/11 and 8/14. Then the CE hit that evening AH. know I made the decision not to sell since, but based on the info I found, and the pps coming back, I thought it was still ok. I use fidelity, and knew I couldn't re-purchase once sold, another factor in my decision. I was just trying to recoup as the pps recovered.
I know it is on me, but some folks don't understand that this is a serious blow to some of us like me. I know the CE was there, but that doesn't always mean imminent suspension, delisting, etcetera. Some will say you should have cut losses, and got out. The stock had regained 50-60% from post CE lows, and 2 green days in a row. So, why not ride it to see where it goes. I figured I could sell, if need be.
The suspension changed that. I know it typically doesn't bode well, but hopefully the company was being honest in their statement. If so, we still have a chance of recovering and exceeding where it was suspended, considering what the crypto currency markets are doing.
No need for anyone to post how stupid or delusional I am, I can still hope for the best, since that's all I can do at this point. Just wanted to give everyone a little perspective of someone that got caught in this.
Main thing I am having trouble coming to terms with is, why BITCF, and why now. Someone mentioned several other companies yesterday, including DRYS, and another is GBSN, who reverse split and dilute mercilessly, but guess what???? They are allowed to continue to trade and investors can make their own decision to buy or sell, even without a CE. Know there are many others also, just frustrating. If BITCF is guilty of fraud, then by all means, charge them and arrest them, but what if they are not..........then the shareholders get punished anyway. Only time will tell.
This actually has a lot of good news in the statement, and the results are very positive. The only negative I found is the CE sign which was apparently assigned as a precaution after the company's cautionary statement on Monday. Sounds like they are moving in the right direction, and the Bitcoin price is moving up again.
Won't be surprised to see the share price test $ 2.00 to $3.00 again very, very soon. They are making $'s even if they act like they don't want to, LOL.
All in IMO.
Yes. Ready to start next leg up. Eom.
Up 28% on 222,000 shares. Think shorts are getting nervous? Who is going to start the covering and screw their group partners......and take this back to $1.00 +.
Yep. Went from .75 to $1.00 in 45 minutes on Monday.
Thanks for the info. Not surprised. Someone fixing to get busted when this starts moving back up, it can move so quickly.
Obviously a group of shorters targeted TMPS. Going to be interesting to see if they will stick together when this starts moving back up, which it will, IMO, or if they will screw one another and start covering on their own.... This trades so thinly, they could lose thousands in just a few minutes, and some of the price targets mentioned on here .03, .14, are laughable. Who in their right mind is going believe such crap?? They are just trying to scare folks out of their shares.
Read the DD yourselves. Really smart guys with industry knowledge and experience invested and running the company here. GOLDEN OPPORTUNITY IMO! Let's see who blinks first today..... to protect their short profits. When this starts going back toward $$'s, let's see who is still holding out for .03, LOL.
Glad you see it too, and you make a great point, oil has remained at MUCH higher valuation in filings. Sounds like someone is trying to screw the shareholders and steal the company.
Good, glad to see you see that as well. Don't know how Judge can ignore that, and it's a FAR cry from .06, but nothing is guaranteed where BK is involved. At least there is an EC involved to try to protect shareholder interest.
If I read the Operating report correctly, does it not still show $562,755,000 of equity?