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So if they don't release the 10q tomorrow this will be Grey and worthless come Monday?
Any idea when they run the risk of turning grey?
There is none lol, other then the slim chance it might rebound by some miracle
Do they need to file the nt 10-q to have the extension to March 22nd? If so aren't they currently late, meaning they should be in the grey?
Does anyone know When is the absolute deadline for them to file this 10q?
Thank you
Thank you for the detailed replies. Any idea how.long they have to file this new OTC filing before they would get tossed to the grey market?
So in your opinion how long until this is grey market again?
The new compliance requirements being they have to submit the excel sheet to OTCM? Also what are the cons of not having a market maker?
This is from Investopedia,
SEC Form 15 is a voluntary filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by companies to revoke their registrations as publicly-traded corporations.
Form 15 is typically used by small companies with a limited number of shareholders who decide that the expense and reporting requirements of remaining a publicly-traded corporation are too onerous. The company's shares will cease trading, while its remaining owners may retain or sell their shares privately.
It says the shares will cease trading, not sure how the selling privately part is done. But no way you can say this is good. They don't even have the money to file so they are doing this which indicates those business ideas didn't work out
Won't BTZI become delisted and no.longer be able to be traded publicly? If so how do we trade our shares, and how long until they are delisted?
Different bots inc not btzi
Well that isn't good either
Probably time to jump ship aye? That new form can't be anything good
I would imagine they would sell seeing they have no money lol
Thank you, wouldn't it be in btzi best interest to convert those preferred shares and then sell them? I think it would be. And how long do they have to file before they would hit the grey market again?
When is the next financial report due? And when did you say btzi can sell there obtx shares, April?
The website does look bad.This has to be their what 10th website? You think by now these websites that they crank out would be much more solid looking.
I see they still have a hard time with the English language. First sentence you see on the website is awful. It says " Solutions bases on the blockchain basics using existing and new" yikes. Yes they did update the website but they still have the old CEO as the current CEO.
I remember Les saying they can't sell OBTX until the end of April though, so that wouldn't be the reason why the price is up. I like to call BTZI "ole can't hold a gain" lol. Let's see if it does, I hope so
I hope they sold obtx, that would be over 10million on the books they could use to fund the company. I believe that would be more money then they have ever had before. I honestly think it is nothing, just a little movement, the stock is historically volatile.
If OBTX doesn't sink too badly. I would cash out and make 16million for bots to use. I'm sure they have a better understanding though seeing that they are more heavily invested then I in OBTX lol
So they could convert those shares this April/May if they still have them and make like 16million? That is of course if the current OBTX pps holds. That would be great, if they do not do that or those shares are no longer around you have to admit that is a huge blunder.
Les, how long until btzi can sell their shares of OBTX? I didn't see anything about those shares in the recent filing, hopefully they still have them.
Yes I am not thrilled at all about Simon Rubin, he needs to go ASAP
Let me guess the new 10q shows... No revenue. Pretty sure I saw something about a $250 cash on hand increase lmao. Is Btzi management working at McDonald's part time now? please tell me that I'm wrong and that they actually made some.money
6- 7months is still a long time to not bring up the patent that they toted would bring in around 30million annually. Of course I can't be sure, but to me it seems like they realized that's a fight they can't win.
Yeah realizing revenue and then having that revenue be realized more then one time would be great.
We haven't heard anything about that patent or it being enforced in almost a year no? That can't be a good sign
Not the first time they have projected 20-30million revenue and produced under 1 million. Think it will be different this time?
I wouldn't be surprised if they don't learn their lesson and end up deliquent again. Also you did say you expected significant movement on the 10q ended July, they had zero revenue again... Lol. I'm glad they are off the grey market though, but that was definitely a show of crap management.
I had thought the same about the typo. But still that loss of 8million is bad too
Just Google btzi on Google chrome. There are three tabs, click the one that says financials, there it shows a net income of -64million. I took a screenshot but I'm not sure how to share it here
Being a start up company again at this stage is pathetic, and what is up with that net income of minus 64 million displayed on googles financial section for BTZI? How the hell can they come back from that kind of a loss, let alone lose that much money?
Whatever it is I don't see how it can be anything but bad
Do they get taken off of expert market once they are up to date with filings? The stock is currently at .008
Me too, can't even buy anymore
Did this stock just really go to .003?
Odds of that are probably slim no? Of course it would be nice though. And if they fall flat again this year? It would be safe to deduct that they just can't conduct proper business. Also wth is up with the 3employees, what kind of company is that?
Lol yeah I see your point. But honestly how many more times can they miss revenue projections or produce no revenue at all until you're fed up? It must get tiresome defending them when that is more often the case then not no? And I'm not bashing you here, I want their business endeavors to succeed, but c'mon man they are doing the same crap, putting out promising PRS but producing little to no results. Until they produce good results it is not wrong for the few on this board who call the company a sham to do so. Because quite frankly it looks like a sham.