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Yes if not they will halt trading until it’s fulfilled
Yeah another one bites the dust
/C O R R E C T I O N -- Bit Brother Limited/
Source: PR Newswire (US)
In the news release, Bit Brother Announces 1 for 1,000 Reverse Share Split, issued 08-Jan-2024 by Bit Brother Limited over PR Newswire, we are advised by the company that the stock ticker should be "NASDAQ: BETS" rather than "NASDAQ: BTB" as originally issued inadvertently. The complete, corrected release follows:
Bit Brother Announces 1 for 1,000 Reverse Share Split
CHANGSHA, China, Jan. 8, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BETS), today announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024.
Upon the effectiveness of the reverse share split, Bit Brother shareholders will receive one new Class A ordinary share of Bit Brother for every thousand shares they hold. Bit Brother's Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on January 10, 2024.
The reverse share split is expected to lead Bit Brother's Class A ordinary shares to trade at approximately one thousand times the price per share at which it trades prior to the effectiveness of the reverse share split. Bit Brother, however, cannot assure that the price of its Class A ordinary shares after the reverse split will reflect the 1 for 1,000 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.
There will be no changes to Bit Brother's Amended and Restated Articles and Memorandum of Association in connection with the reverse share split. As of January 8, 2024, there were approximately 3.8 Billion of Bit Brother's Class A ordinary shares outstanding. Effecting the 1 for 1,000 reverse split will reduce that amount to approximately 3.8 Million Class A ordinary shares outstanding.
Treatment of Stock Options and Restricted Shares
The number of ordinary shares into which Bit Brother's outstanding stock options and restricted shares as well as the options' relevant exercise price per share will be proportionally adjusted to reflect the reverse split. The number of shares authorized for issuance under Bit Brother's equity incentive plans will also be proportionally reduced to reflect the reverse split.
Fractional Shares
Any fractional shares that would have resulted because of the Reverse Split will be rounded up to the nearest whole share.
New Ordinary Share Certificates
Bit Brother will adopt a new share certificate in connection with the implementation of the reverse share split. Bit Brother's transfer agent, VStock Transfer LLC, will manage the exchange of share certificates. Shareholders of record will receive a letter of transmittal providing instructions for the exchange of their old certificates as soon as practicable following the effectiveness of the reverse split. Shareholders should not send in their old stock certificates until they receive a letter of transmittal from VStock Transfer LLC. Shareholders who hold their shares through a securities broker or nominee (i.e., in "street name") will be contacted by their brokers or nominees with any instructions.
For more information, shareholders and securities brokers should contact VStock Transfer LLC at 212-828-8436.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company has successfully expanded two mining ventures and is committed to further growth. For more information, please visit: www.bitbrother.com.
Forward-Looking Statements Disclaimer
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
Cision View original content:https://www.prnewswire.com/news-releases/bit-brother-announces-1-for-1-000-reverse-share-split-302028676.html
SOURCE Bit Brother Limited
The symbol BTB IS ALREADY THERE LOOK IT UP
Unless it’s posted after hours
But they need an 8k informing traders which I don’t see
ANGSHA, China, Jan. 8, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), today announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024.
R/S is effective tomorrow read the fillings
Short interest is the volume of Bit Brother shares that have been sold short but have not yet been covered or closed out. As of August 15th, traders have sold 486,600 shares of BTB short. 4.69% of Bit Brother's shares are currently sold short
True I’ve seen it also
Agree
So many people here have different opinions when I see it Il believe it g/l
Hope so
To be @ 13 we have to raise this past .013
Looks thin here
Looks like 4,s coming Owell
But not moving lol
Good News!!!!
This was @ $104 why did it go down
Nice !!!!!$$$$$
According to Fintel, the short interest of GOEV stands at 12.47% of its float. Also, according to the data aggregator’s proprietary Short Squeeze Score, it hits 71.77 out of 100. Higher numbers indicate a greater risk of a short squeeze materializing.
Shorts need to close their positions
Proposed but not approved
Saw that but no date
All this buying why is it going down
CHANGSHA, China, Jan. 8, 2024 /PRNewswire/ -- Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BTB), today announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024.
Upon the effectiveness of the reverse share split, Bit Brother shareholders will receive one new Class A ordinary share of Bit Brother for every thousand shares they hold. Bit Brother's Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on January 10, 2024.
The reverse share split is expected to lead Bit Brother's Class A ordinary shares to trade at approximately one thousand times the price per share at which it trades prior to the effectiveness of the reverse share split. Bit Brother, however, cannot assure that the price of its Class A ordinary shares after the reverse split will reflect the 1 for 1,000 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.
There will be no changes to Bit Brother's Amended and Restated Articles and Memorandum of Association in connection with the reverse share split. As of January 8, 2024, there were approximately 3.8 Billion of Bit Brother's Class A ordinary shares outstanding. Effecting the 1 for 1,000 reverse split will reduce that amount to approximately 3.8 Million Class A ordinary shares outstanding.
Treatment of Stock Options and Restricted Shares
The number of ordinary shares into which Bit Brother's outstanding stock options and restricted shares as well as the options' relevant exercise price per share will be proportionally adjusted to reflect the reverse split. The number of shares authorized for issuance under Bit Brother's equity incentive plans will also be proportionally reduced to reflect the reverse split.
Fractional Shares
Any fractional shares that would have resulted because of the Reverse Split will be rounded up to the nearest whole share.
New Ordinary Share Certificates
Bit Brother will adopt a new share certificate in connection with the implementation of the reverse share split. Bit Brother's transfer agent, VStock Transfer LLC, will manage the exchange of share certificates. Shareholders of record will receive a letter of transmittal providing instructions for the exchange of their old certificates as soon as practicable following the effectiveness of the reverse split. Shareholders should not send in their old stock certificates until they receive a letter of transmittal from VStock Transfer LLC. Shareholders who hold their shares through a securities broker or nominee (i.e., in "street name") will be contacted by their brokers or nominees with any instructions.
For more information, shareholders and securities brokers should contact VStock Transfer LLC at 212-828-8436.
About Bit Brother Limited
Bit Brother Ltd is a multifaceted corporation with operations spanning business management in China and blockchain and cryptocurrency ventures in the United States. Within the U.S. jurisdiction, the company strategically manages and integrates cryptocurrency mining facilities. With a dedicated team of specialists, company has successfully expanded two mining ventures and is committed to further growth. For more information, please visit: www.bitbrother.com.
Forward-Looking Statements Disclaimer
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE Bit Brother Limited
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It’s thin $$$
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As of 01/05/2024
OPEN
$0.0095
DAY RANGE
0.0073 - 0.0095
52 WEEK RANGE
0.0038 - 11.9999
MARKET CAP
$4.81M
SHARES OUTSTANDING
623.26M
PUBLIC FLOAT
576.66M
BETA
1.09
REV. PER EMPLOYEE
$25.29K
P/E RATIO
N/A
EPS
-$1.2395
YIELD
N/A
DIVIDEND
N/A
EX-DIVIDEND DATE
N/A
SHORT INTEREST
3.37M 12/15/23
% OF FLOAT SHORTED
0.58%
AVERAGE VOLUME
342.47M
Lol ok
Market Cap
1.620M
Headquarters
Zhenjiang, Jiangsu, China (Mainland)
Industry
Paint and Coating Manufacturing
Last Split
2017-03-141for100reverse
BETS Stats
Avg. Vol. 10 Day
2,050,669,774
Avg. Vol. 30 Day
889,242,612
Market Cap
1,619,924
Shares Out.
210,379,804
On/Off Exchange
58%/42%
6 Month Beta
1.90
52 Week Low
0.00
52 Week High
12.00
SMA50
0.02
SMA200
0.38
1 Week
-27.36%
1 Month
-76.74%
3 Month
-98.55%
6 Month
-98.70
Relax