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Terra Wreck about to strike. This stock never does more than double. Stick a fork in it. Thats why the insiders were dumping last week.
Will never catch big boys unless we uplist. Time to move from the kiddie table to the Toronto Stock exchange where the big money is. Tell investor relations it is time:
investorrelations@organigram.ca
No pictures, no proof. They will complete construction in 2020. They have a history of lying about breaking ground. They broke ground on 3 dates. All delayed.
VWAP broke. This run is over. Insiders were selling for a reason. They have sucked all profits out. I would love to see how much cash is skimmed out of this biz and who owns the bldgs that they are gouged for rent.
Aurora Sky Construction standstill. This facility won't be completed for years. Arctic blasts will keep coming all winter long. May be completed in 2020. There is no work being done in winter. They have the shell up but that is it. Show me any pictures now of construction going on.
Why is Organigram the Rodney Dangerfield of Canada LPs? No respect.
Ask was showing .004 yet mm were filling .0039. WTF? head fake.
Big as Netflix. So, it is trading at 100X revenue (40 mil) with market cap of 4 billion. So if they get 800 mil in revenue x 100 they will have market cap (80 billion) as big as Netflix. Sounds reasonable.
100 x revenue. LOL. What a bargain.
No deadline means they can pretend the merger might happen for a long time until people realize it aint gonna happen.
No, they announced, which then cause a volatility halt.
FINRA needs to investigate. There are press releases from Traders Resource that says BTCS has merged and this is not correct. BTCS says they know nothing about Traders Resource and while this may be true, I believe they have an affirmative duty to correct any press releases that are issued about their company that is incorrect.
Fake News. Is BTCS behind the latest fake news article from Traders Resource that says the merger is done? As it is not any closer then it was on 10/24/17. This is pure manipulation and will be reported to FINRA. Hope that BTCS did not hire these guys to put out this release as it is not true that there has been a merger, only an non binding intent to merger.
https://finance.yahoo.com/news/btcs-inc-blockchain-company-trading-131000453.html
FINRA states that companies are to ask for a halt prior to material news being released. Apparently, NXT-ID doesn't feel the need to comply with the law. Im sure FINRA will not do anything about it as they and the SEC are a bunch of lazy fucks who let companies get away with all kinds of BS.
Why did they announce in middle of day? The SEC should have made them announce pre or post market. Total BS.
Basement Traders Con Shareholders BTCS
Initilal BTC cos. 2 employees left. Wow, they really have crushed it. So, they were one of the first companies in Bitcoin and all they have is debt, 2 employees and a merger that isn't happening and wouldn't get approved by the SEC anyway as Regulation S has not been complied with? LOL
Fin completed 10/24. No comments from BCG for 4 weeks and then BCG fails to send BTCS audited books. Then BCG failed to comply with regulation S. When this merger was accounted in August Bitcoin was trading at 4K. The price has quadrupled and BCG has no more need for stock shell to get financing. BTCS will not tell you the truth and keep leading you on but the Merger is DEAD. SANP 2.0
No docs from BCG. Merger dead. 2 guys in a basement. No employees, no assets. Sure, Buy. LOL
BCG not attempting to comply with Regulation S. This merger won't be approved. Look at the 11/29/17 filing where it states:
Although we have been advised by the Australian company that they have raised money from offshore investors, they have not attempted to comply with Regulation S under the Securities Act which has a stricter standard.
CASH OUT - Deal is Dead. Blockchain Global is not providing docs. Once BTCS is forced to admit that the deal is dead, this POS goes to 0.
The merger is subject to execution of a definitive agreement, due diligence by each party and our approval of BCG’s US GAAP audit upon delivery. Although we submitted a definitive agreement in October to BCG, we did not receive comments until November 21 st . Further, BCG has not delivered documents necessary to complete due diligence. Ninety-one days following closing all existing anti-dilution and price protection provisions of our securities will expire. There can be no assurances that the closing conditions including our approval of the audit and preparation and execution of a definition agreement will occur.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12405432
P. 34. read it and tell me why I'm wrong.
MERGER IS DEAD. Read latest S-1 filed on 11/29/2017. P. 34 reads as follows:
The merger is subject to execution of a definitive agreement, due diligence by each party and our approval of BCG’s US GAAP audit upon delivery. Although we submitted a definitive agreement in October to BCG, we did not receive comments until November 21 st . Further, BCG has not delivered documents necessary to complete due diligence. Ninety-one days following closing all existing anti-dilution and price protection provisions of our securities will expire. There can be no assurances that the closing conditions including our approval of the audit and preparation and execution of a definition agreement will occur.
Blockchain Global is not providing documents as they don't care about this POS shell. They signed LOI in August when Bitcoin was at $4000. It is now trading just below 16K. They don't need the shell anymore and all investors have dumped common shares. Im done with this POS.
Dilution has stopped. Have called transfer agent in last 2 days and outstanding shares are stable at 353 million and change. It is weak hands and some shorts holding market back. But no more million share dilution days.
Called Transfer Agent. Still at 353 million. No shares diluted in last 2 days. Looks like investors may keep 7 million C-series shares.
News won't be posted until S-1 is registered by SEC. The S-1 will clean up anti dilution for warrants and Series C-1 shares. After that, we should have news. How long it takes for S-1 to be registered, I don't know.
7,118,600 Series C Preferred shares to go before they are out of Series C preferred. Probably by Thursday they will be done with series c shares added to market outstanding.
Outstanding shares now up to 353,157,122. Investors are still selling their Series C shares. About 17 million left. Sent e-mail to investor relations asking if the investors had any information that us common shareholder do not as that would be a violation of SEC rules. How would BTCS present the investors with option to waive anti dilution without giving them more information than what we have. Tell IR that we demand the same information. I did. ir@btcs.com
Transfer Agent still has outstanding at 348,158,273. No more dilution. Weak hands out. Shorts exposed. Here we go.
Transfer Agent Phone is: (212) 575-5757
No dilution so far today. Usually, the investors would dump on the pop but I called TA and the outstanding share count stands at 348158273, which is the same as Friday. I think the dilution is over. Next up, merger.
5 days Tic Toc. DP may be doing the Perp walk when RF amendment not included in budget. Stock will trade trip 0s.
Called Transfer Agent on Friday and outstanding shares now at 348 million.
BTCS new shares # out. Just called transfer agent and outstanding now up to 348 million. They have blown through the series B and they are now selling the series C and C-1 shares. The series C an C-1 had anti-dilution protection but they are dumping. The good news is that there are only 11 mill. Series C and 12 million Series C-1 to go before they are out of shares to sell. Now, they can convert the warrants but they will have to pay to exercise those warrants.
BTCS is acquiring Blockchain Global and BGL will become a subsidiary of BTCS. BGL gets 75% of outstanding shares. The recent S-1 was filed in exchange for the investors to sign the anti dilution waiver. The series B shares had no anti dilution protection and so that is why they were dumped on the market. However, those shares are almost entirely gone now. 8 million left and thats it. No more dumping. Any questions?
This is not a reverse merger. Here is e-mail from investor relations.
There would be no new company if we merge. BTCS Inc. would exchange newly issued equity of BTCS in exchange for 100% of the target company and they would become a wholly owned subsidiary.
BTCS Inc. (ticker: BTCS)
Blockchain Technology Consumer Solutions
phone: 202-430-6576
e-mail: ir@btcs.com
80 X Sales. LOL.
Outstanding shares now up to 330 million. Called transfer agent. Since Nov. 10K BTCS so called "investors" have dumped 80 million shares. Are they almost out of shares?
On Nov 27, 2017, at 12:12 PM, Investor Relations <ir@btcs.com> wrote:
In order for us to get a fairness opinion we need to provide the valuation firm audited financials for BCG so the order doesn't work that way.
Charles
BTCS Inc. (ticker: BTCS)
Blockchain Technology Consumer Solutions
phone: 202-430-6576
e-mail: ir@btcs.com
www.btcs.com
All of the merger issues should have been ironed out and contingent on financials. Allen sitting on his ass. Been over a month since financials completed. So, are we looking at months of just waiting or board , anti dilution etc?