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IMO, we need a strong push over .1325 before this gets some nice upward traction again.
So are they still flagged??
F**K!!!
Hmmm. Not sure. Up yours?
I was maybe a strong BTCS run to .40 or .50 in the next few days away from selling a portion and buying into Ripple, which was at around .25...until today. Up 69% (.42) and heading upward. FML Timing for me is so bad. I sometimes think I should stick with funds and move on with life.
"So what does this mean for tomorrow" is going to be the next question, so I'll ask it now. We had a "green" day, but not by much and the close was not great. I'm hoping it's a pause before our next leg up. .15 appears to be a pretty strong resistance (yeah whatever, FU Clay). Is even .14 a resistance tomorrow now? Or is this merely a blip? Intelligent answers only please. No hype or bashing.
Well, maybe some are experts at it. But not all. So telling investors to continue to sell and hope to get in cheaper and to repeat that cycle over and over is not sound advice IMO. To each their own.
Stop trying to predict the action and just hold. If you are trying to guess where this is headed by a matter of a half a penny either way in order to increase (or at least you hope) your stake by 3-5%, it's silly and a good way to end up chasing with less shares in the end.
I'll say it again....JUST HOLD YOUR POSITION. This will begin to head north quickly if more people would just sit tight and go watch a movie or something. Or work. :)
Seriously...enough!!
These "load up" "power hour" "beast mode", etc. comments are ridiculous!
It's diluting some good comments made by more seasoned traders that I see on here. Does anyone think their comments make a bit of difference? I'm not calling anyone out specifically, but c'mon. It's overdone with the cheerleading thing. Let's all be on board and see this climb north.
I'll also say it's easy to get excited when it's green, but some of us have been here through bad red days as well. Just tone it down...that's all I ask. We all want to win here.
Set mine at $50.00 :)
I knew Claytrader was going to f**king show up here today! Why doesn't this dude just go away? Literally every time he's charted a stock, it's gone down the next day. Maybe it's bad luck, but seriously every damn time! I hope this time is different. he only ever shows up when a stock is doing well. Everyone hold strong tomorrow and push this SOB out!!
Jidoe, GLTY as well! GLTA holding BTCS!!
It's so nice to be in the green on this stock now when a little over a week ago I was down over 30%. What a much needed day for my sanity and what a big day today. Hoping for a nice start in the morning and then we really start to roll tomorrow as many more eyes will be on this now and start to buy in. Go BTCS!!
I hope this can maintain above .12 until the next level breakout. It will be disappointing to see it retrace under .115. We need to get some momentum and then we'll see others begin to pick up on the green signals and buy in, then we really start seeing some upward daily movement. You know that many experienced in investors will monitor and get alerted to stocks based on high daily gains and strong buy signals and cryptos are at the top of the list these days. Let's go BTCS!!
Merger news would likely coincide with the shares changing hands, reallocation, etc. I could be wrong, but I think with any announcement of a merger there can't be a run up in price because the announcement of the merger would be as the new company. Maybe. Maybe there's a period from the time of the announcement to the origination of the "new" company that allows for an additional price run. I don't think so, but maybe...
If this begins to run up today, I think we can all expect some merger news early next week. I'm hoping that's precisely what happens later today.
TechnicalTitan, this is very similar to the message I sent Charles yesterday and even more blunt. Which is good. I agree that we deserve to know more and not be kept in the dark while we see this stock is manipulated back below .10 and see our assets dwindle and then potentially take a huge hit immediately upon a reverse merger IF that merger also coincides with a reverse split. I guess we'll see. I'm a little stuck with this stock right now and feel like I'm hoping and praying this happens. Not a great feeling, but I guess it's better than many other scenarios investors can find themselves in. Go BTCS. Make us happy.
I emailed Charles yesterday afternoon. I have not heard back from him yet. However, I am hoping to get some answers to my questions today and will share any details I get. He has been responsive in the past, so I hope that today is no different. I expect his response will be pretty vanilla in nature, but I just had some things that I wanted to find out. GLTA
I'm crossing fingers this begins to head north prior to any news. IMO, a move back over .12 or .13 would probably signal news is coming on the merger soon. We'll see.
H2004, one important thing...
If BCG gets 87% equity in the newly formed company and then simultaneously completes a reverse split, BTCS shareholders will not be further diluted from the completion of a reverse split. It's not something anyone really wants, and we'd all rather see our stock go up without a reverse merger.
But fact is if they do one, even though we would have less shares after the split the value is still the same to shareholders. It's not like they do a reverse split and our shares are valued less, It would just be equal value with less shares.
There are many unknowns. I think there is a calculated risk on BTCS. I do hope that Charles Allen has shareholder interests in mind, along with his own. I would be disappointed if somehow the merger only benefits management and BCG players and shafts all other BTCS shareholders.
It can happen. We've all seen it happen. But for me, this company and this potential merger and the timing of it and this cryptocurrency boom all has a different feel. Let's see if it's a different result as well. GLTY
Which the merger would provide.
You may be right and I would hope you are IF the merger does not somehow go through. But I think most of us are optimistic it will be completed this month, or the latest next month. If this drags on later than January 2018, I would have doubts. But that's a LONG way from now. GLTY
You can also say it was $504 a share in Jan of 2013. You can't compare those prices with the dilution of shares over the subsequent timeframe. What we place value on with current shares is BTCS' early entry into the market and the potential pending merger with a global giant.
IMO, I think these are the 2 reasons we are not seeing a spike in share price:
1. There is no guarantee of a merger going through (even though it appears more likely than not).
2. it remains to be seen HOW LARGE a piece in the new company BTCS shareholders get. If the final distribution doesn't give us the 13% (or approximately 1 share for every 7.5 shares we own in BTCS today), as I think most are expecting, and the distribution ends up being much less, that's a concern.
Until a merger is consummated, there is the continuing potential of dilution to BTCS shareholder value and also no merger. These are really the only possible things to worry about. I know folks say it's okay if the merger falls through. I don't think so. I think there's a mass exodus and the future of BTCS in in serious doubt if it doesn't go through.
That being said, with the closing of financing in late October, the LOI being in place and the addition of David Garrity to the BTCS board, I have to believe it is FAR more likely than not that the merger goes through. Therefore, my only true concern at this point is the value of our shares post-merger. What is our piece of the pie. That's about it.
Kathy Ireland is still hot!
So from the picture, it looks like you have to be about 15 years old to get a job there? LOL The youth of our world in a nutshell seen in that picture.
OKCStock, I did get that message from Charles as well. But this one was today "BTCS Inc would issue 87% of the outstanding equity in connection with the merger". Is it possible for BTCS to issue 87% of the outstanding equity w/o doing a reverse split and issuing more shares? I don't know the answer. I guess what is the difference in these statements , if any, and why? For me, I just don't want any ambiguity or bad surprises. For a change, a good surprise would be nice.
I am only going by what I was told verbatim from Charles. BCG owns 87% of the equity in the potential merged company. The value for BTCS shareholders is to get with a big player and hopefully see great value from that in share price. The value for BCG as a private company is to go public via the simplest, least cumbersome and least expensive way possible. This ends up probably being a win-win for BTCS shareholders in increased value as a company and BCG being able to go public immediately. GLTA Play it as you see it. :)
**Reasonable people respond only please**
So according to Charles, and as was apparently disclosed in a prior press release, "BTCS Inc would issue 87% of the outstanding equity in connection with a potential merger with BCG."
Does anyone have an answer on how that could fully affect us as shareholders? My take is that our shares are essentially diluted down to a value of 1 share in the "new" merged company per every 6.5 shares we own today. That means that barring any further dilution or crazy reverse split action following the completion of a potential merger (praying that does not occur), the price would be approx .75/ps (using current value of .115/ps) to equal the value we have currently have in BTCS.
Following a successful merger with BCG, does anyone think there is really any way this stays under $3.00 to 5.00 immediately following the announcement? I might be missing something, but to me this seems to be an incredible opportunity for all of us.
NOTE: This is also why the price per share isn't important for these types of reverse mergers and somewhat favors current BTCS shareholders if it stays lower. If we were at .50/ps, it would put us over $3.00/ps post-merger and there would be a little pressure to keeping the price at a certain level. Post-merger at .75 puts this thing high boiler alert and would probably explode soon thereafter. IMO only.
The last thing I will add is this....I would like to know if the 360 mil is the FINAL equity added to BTCS o/s share count or if there is more that can be added prior to completion of a possible merger? This would affect everything I mention above and the math. But if we are giving 87% equity on the o/s that have already been issued (or mostly issued) I think we are sitting pretty.
We got it. Play it as you see it. Thanks. Why do you care anyway?? Either you are in or you are cheering against others making money. You can't be stupid enough to short it.
Based on all we know, how does this ever see a dime again?? I can’t even fathom this not being between .15-.20 EOD tomorrow and up from there. We’ll see, but I think the secret is out and mainstream exposure in the Bitcoin marketplace to BTCS is becoming more apparent. David Garrity, probable BCG merger, Bitcoin momentum...only great things ahead. Congrats to all those in early on this one. Gonna be big.
Has anyone contacted the BCG IR folks to get their input as well? I would love to hear it.
Directly from Charles...
If the merger goes through BCG would be a 100% owned subsidiary of BTCS. Your shares would remain unchanged and the company should continue to trade. BTCS shareholders would not be issued any shares BCG would be issued equity in BTCS which would dilute BTCS shareholders. Also, please read our SEC filings in connection with an investment in the company. The recently filed S1, has the most up to date information. Further the company can provide no assurances or guarantees it will complete the merger.
I have a message to him asking him about the amount of “equity” we’re talking about and if there is any plan of a reverse split following the merger. Stay tuned. Waiting to hear back.
How long to get IR response?
I've emailed them twice earlier today regarding two separate questions and have yet to hear back. Ho long typically has it taken them to respond?
Perfect!! Thank you!!
The one thing I will say is that we are potentially getting into bed with one of the largest, if not THE largest, and most prominent blockchain companies out there. A deal with the BCG name alone should likely catapult us to another stratosphere. Again, it'a all about the terms of the deal for BTCS shareholders. If the deal is fair and reasonable for us, we will likely prosper exponentially from a financial standpoint. And quickly.
I don't doubt that can be the case. Can this also go to $10/ps even in a 1-to-10 reverse? Sure it can. Maybe much higher. Then we are still getting a diluted $1.00/ps on our current shares. That's pretty fantastic.
I just hope it's not a failure for us. I don't want something like 1-to-50, where we would need to reach or maintain $5.00 just to break even.
Again, maybe this merger revolutionizing the Bitcoin industry and the new company skyrockets to $40-$50/ps? So many unknowns still.
You state "I've heard other examples of reverses that were good for a company"....but can you please provide those examples? I'd love to research and verify that it can become a win-win for everyone. BTCS, BCG, current BTCS shareholders. Everyone.
I just received a spam email from the name C. Allen titled "Schedule Your Interview" Ha Ha. I kid you not. I don't know if I should consider that a good or bad omen. :)
Gotta laugh in the face of adversity sometimes.
I wasn't trying to be rude in my response and it wasn't directed necessarily at just you, but information for everyone to maybe give their thoughts to on the BTCS board. I was simply responding due to the fact that we don't have the facts on the actual terms of the merger. Below is likely how the merger would be constructed.
**NOTE: This is only an example**
BCG would acquire BTCS and change name to something like BCGL under a shell company created by BTCS and then issue 1 share of new common stock at $1.00 per share (assume 1-to-10 merge ratio @ .10/ps BTCS in this example). Then, if the BCGL price fell following the merger to say .20/ps weeks after (Is this likely? I don't know.) BGCL could go ahead and complete a reverse stock split to issue new shares, further the dilution and still pay their executives.
I don't know how this will all play out and with the Bitcoin thing being so different from any other reverse merger that has likely taken place, who really can predict it? However, I have yet to interpret or experience anything good when the word "reverse" is involved with a stock. If anyone has other experiences, let me know.
Potentially, but not necessarily.
https://finance.zacks.com/reverse-merger-mean-stocks-1096.html
Read the section on "Original Shareholders". This is precisely the scenario I am concerned about, and others with significant stakes in BTCS should be as well instead of hyping the merger and hoping. We need to get the facts prior to finalization. If the likelihood is strong we will receive less shares in the new company, we should be told. Has anyone been told? Not that I'm aware of, but apparently we all voted for a merger at some point as shareholders. WE NEED THE FACTS. None of us wants to lose money and these are important facts to have in order to make sure this doesn't happen.
Here is what I would like to know...
If and when the merger goes through, what will be the fate of current BTCS shareholders? If the dilution of shares is to provide shares to BCG and merge the comapnies straight up, it's a huge in for us.
What I don't want is some type of statement come out that says "for every 10 shares of BTCS owned, shareholders will receive 1 share of new common stock in the merged company". We all know we would be f**ked in that type of deal. That's really my biggest and only legitimate concern at this point.
Can ANYONE answer this or provide a reasonable and logical assessment, and I can't stress reasonable or logical enough, (not hype or bashing) regarding the outcome of this proposed merger for current BTCS shareholders?
My question on that article is about the person that wrote it...do they have any real credibility or knowledge?