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Not all BITCF's coins have giant market caps and recall that BTC once had little volume.
Endless supply? What endless supply? They have 500 million authorized shares with 301 million issued and outstanding. Worthless? What makes them worthless?
And more than 10,000 followers on Seeking Alpha plus on LinkedIn Greg Rubin as CEO of First Bitcoin Capital has more than 12,000 followers.
This went back up to $2 in the grey market and can do it again. You had a chance to cover at .20 and .40 already. Why didn't you take those opportunities? Wonder what's going to happen if you wake up one day and this is listed on a Canadian stock exchange with a giant gap up, after they get their audits completed?
They file with Canada version of SEC where they are headquartered and OTCQX. It looks like they should have revenues from their recent developments. Your next comment about selling stock through consortium doesn't make sense.
Unfortunately it's not so easy to get otcm to remove skull and that $500,000,000 entry on the balance sheet maybe a big factor.
BITCF way ahead of you on this as they registered with FINCEN years ago.
Big news for BITCF as Federal Court rules Bitcoin and similar cryptos are commodities https://news.bitcoin.com/bitcoin-cryptocurrencies-commodities-federal-court-rules/
Did you short BITCF's partner PQEFF when you analysed it to be worth less than zero? If not then, why not now?
Same argument shorts made when CANN was working to uplist.
Means that short sellers will have a HARD TIME covering their shorts which is an unhealthy financial position to be in when you are short.
The SEC didn't suspend Bc of delinquent filing or fraud because the SEC only said they suspended over "concerns" which may have already been alleviated since they proved up their 4 major wallets.
The current mgmt has highly qualified background for crypo industry and was not just a mining penny stock a short time ago but charged into Cryptos in late 2013 and officially changed their name to First Bitcoin in BC in early 2014.
The auditor they use qualifies them for listing on major stock exchanges in USA, Canada, etc.
Most suspended stocks never relist however, they also typically give up after suspension like Sunshine Capital and don't hire PCAOB auditor or top law firm to achieve uplisting after suspension nor do they have as strong a trading history as BITCF post suspension.
They do not only have one digital wallet that is full of low volume, no utility, no use tokens, and not only do they own 4 major wallets, they also own wallets where they keep their utility token BIT. So it’s not like they don't have any real value, and because they do, they trade better than any post suspended stock in history. If you can find a better trading pattern of another one please show it to us.
Not all cryptos are securities. And if governments make new laws, the 100+ unique cryptos created by BITCF may all be grandfathered -positioning BITCF in an enviable place in history. First Bitcoin started getting into this all the way back in late 2013 and has probably gained a lot of respect from SEC after proving up ownership of their 4 major wallets.
Even heavily discounted BITCF is trading at a substantial discount from those not so liquid assets. $PRES however traded more than $1,000,000 over the past month and $WEED had a $500,000 day. The current management has no concerning background. Auditor is in good standing with PCAOB and volume goes up and down like the shares creating lots of buying and selling opportunities. Since resuming in the Other OTC, there were opportunities to make up to 1000% return if buying at panic bottom of $.20 and reselling at the post suspension top of $2.00
Source? Local psychic tarot card reader?
What "fraud?" There is no reference to fraud anywhere in the SEC's suspension and you can point to no SEC rule that prohibits SEC from suspending for anything but fraud or delinquency. The fact is that they do not need to even investigate, but rather only need to have "questions" or "concerns" which could result from short sellers filing complaints of their own concerns which they might frame as allegations when complaining even when unfounded.
Please back your "facts" up with some real evidence not just your assumption. Assumptions are not facts.
While PHOT went from the Grey's to unsolicited Pinks it then was approved by FINRA and is full Pink, piggy back qualified, now. Because I only pointed out two making it off the greys doesn't mean there were only 2 or 3 in history lol. You have no evidence of any SEC investigation and no response to the fact that 99 percent of all suspensions for "concerns" never result in further action by the SEC.
Why did suspension of PHOT and CANN not deter market makers from submitting and gaining approval of 15c11s to trade these stocks if what you are saying is universally true?
$CANN has done well after being relisted and PHOT made it solicited after being unsolicited which could be that BITCF first gets unsolicited before solicited.
Many come back from Grey after suspension and $CANN and $PHOT are just two that come to mind and they were punished apparently for the similar reason, SEC wanted to cool off an over the top hot market. Also, BITCF has done a lot to ready themselves for listing higher than Other OTC, e.g. hiring auditor, top lawyers, and demonstrating ownership of their massive assets which were likely doubted by SEC and cause of their "concerns."
I agree this is very important news with BITCF's BIT currently #39 on this list if it can be used in the same way Siacoin is used for decentralized storage that is huge: https://coinmarketcap.com/coins/views/market-cap-by-total-supply/
That is only your opinion which is not fact based. The word fraud would have to be mentioned for it to be "confirmed."
The SEC is not shy to say "fraud" when that is their position in their suspension orders.
The lack of the word "fraud" means they haven't arrived at that conclusion and 99% of suspension result in no further action from the SEC so this is just speculation on your part.
What evidence is there that the CEO is trying to hide?
What investigation, the one by the ambulance chasers that amounted to nothing?
Can you please show us the word "fraud" anywhere in the temporary suspension last year?
I don't see any logic in the argument that the auditor's other clients has anything to do the with quality or potential success of a new client. And their client PQEFF's strength also has very little to do with the future success of BITCF when BITCF has 100x more going for it than PQEFF. The fact is that Sherlock Hay and Dr. Watson's audit will qualify BITCF for any American or Canadian stock exchange as well as some foreign exchanges.
Good indication that not as hard as others make it seem.
Sounds like wishful thinking. Can't wish good luck because that would be wishing longs bad luck.
The reason they all could (the real ones) last forever is that they are decentralized. Only a tiny fraction of thousands have been shut down and those were shut down because they were obvious frauds.
Longs that got in below today's price are in the green especially those that got in at the sell off down to .20
How many shares of BITCF are you short now?
There is enormous profit potential for $BITCF.
Their web sites seem better than 99% of what I've seen on the WWW, but how is it incomplete? You have to log in to use the exchange which apparently is designed for institutional participants and seems to be forever in beta. It actually works pretty good and allows trading against many various cryptos and fiats which I haven't seen so many options in other exchanges. They are registered with FINCEN, which may give them more credibility than the average exchange out there.
They hired an auditor and some high powered lawyers to uplist from the Other OTC, however, you can easily trade it in the greys. It can generally be assumed that the high of the day is the ask or near that level and the low trade of the day can be assumed to be the bid. Some brokerage firms will call a market maker and get a verbal quote at your request, generally from NITE. Contrary to popular opinion market makers can make a verbal market in the greys and indicate retail orders providing bids and asks as long as they don't publish those bids/asks when they are their own market. They can actually publish unsolicited quotes as long as they indicate unsolicited by placing a U next to their MM ID.
You can see it increased two times post grey here: http://www.otcmarkets.com/stock/BITCF/short-sales
They created the BIT blockchain which is superior to Litecoin technology.
Trump has his own commemorative coin which seems less popular than BITCF's $PRES. Your arguments don't hold water. The blockchain should be hot for at least 2 more years. If greys can't be shorted why did the amount short on FINRA's OTC bi-weekly short interest reports increase recently?
$PRES is top two gainers today which is not helping the shorts to cover.
https://coinmarketcap.com/gainers-losers/
How can its value be worth negative amount of $ when the company has more assets on paper than any other OTC in the world and almost debt free?
Commemorative coins need no sign off but if she did endorse it that would make it an instant success. If $PRES can trade over $1 million in a day so can $Oprah. And $PRES has an added value now that it can be used to buy $Oprah from a crowdsale. Got to love this stuff.
Weren't you saying this would drop below .20 immediately after resumption of trading and then very quickly if not immediately go sub penny? Must be frustrating being short this long. Why not take your 75% profit instead of waiting for a forced short cover?
President Oprah Winfrey commemorative digital coin launched by BITCF
#pennystock news First Bitcoin Capital Corp. (BITCF: Grey Market) | PRESIDENT WINFREY (COIN:OPRAH) CROWDSALE AS ACTIVE ICO OFFERING FOR PRESIDENT TRUMP (COIN: PRES) LAUNCHED ON THE BITCOIN BLOCKCHAIN https://t.co/EQXZ9fQ9fx
— TwoFox (@twofoxteam) February 5, 2018
$PRES is not a penny stock and has never been delisted. Nor have any of the other coins generated by BITCF.
$PRES (created by BITCF) is established on the Bitcoin Blockchain, the world's most recognized blockchain utilizing the well established Omni protocols which see billions of dollars worth of trading daily on this safe and proven eco system.