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you misread it as i was referring to the success of LTC which is not in a public company so that negates your arguments that there were better public company opportunities four years ago than BITCF and oh by the way if you listened to the experts back then you missed the opportunity to make millions of dollars of off a small investment in BITCF.
The SEC is never shy to use the word fraud in their suspension orders and the proof is they did not in this case only the word "concerns" and that never automatically equates to fraud. Just because you assume something it does not automatically make it true.
There are actually many reason they can and do suspend and in this case it was clearly only "concerns." They did the same thing to a few MJ companies back when those where overheating and they wanted to slow things down. Two of those already made it out of the greys and are doing well now, PHOT and CANN.
What -you are not aware they have created and own more than 100 various cryptocurrencies and not just TeslaCoilCoin? There is no public company that crated those successful coins you mentioned so why the comparison? Not all coins created in this new world are immediately successful. Look at KLC which they own 1 billion of how it is finally starting to show some life. The asset they book at $360k is now worth around $10m on paper. Looks like a smart move to me.
Sounds like wishful thinking. BITCF has more substance than any public company in this space that I can find and moved into Blockchain and cryptocurrencies 4 years ago unlike all those newbies trying to ride on their success.
Actually the SEC only said "concerns" with the word fraud never mentioned.
Also the company put out press releases where they demonstrated ownership of their 3 main wallets. That is proof of their reality.
Not fake, look at this http://bitcoincapitalcorp.com/projects/kiosk/ and I called the first one listed which they confirmed it in their store. Also, BITCF segregated enough TESLAcoilCoin to hold till they work out the dividend here: http://omnichest.info/lookupadd.aspx?address=1GBDm1AbidQ3AVF24vTRSSZb1hUrrFp6Bh
Wrong about what? Meant that those issues you raised should have no impact of the future of the company. There is nothing fake about attempting to do something that has never been done before then running into snags. There is no evidence of nefarious acts by the current management. At least you are honest about your motives in discouraging people from owning this stock, which is quite unusual and you deserve to a medal of honor for that.
Facts that have you impact on this ticker's future.
BITCF is actively trading on the "Other OTC" market, just need to put in limit orders through brokers that allow trading. You can get idea where to place orders based on high, low and last trade as well as previous close. Someone here said they place their orders 1 penny above the last recorded trade.
Helps to have real time trading data. GTC low ball bids and high offers sometimes pay off as well with the wild swings.
Since OTCQX only requires audits and not necessary to be reporting, like GBTC, it could get there faster than if they don't wait to file their form 20F which might cause delays getting an effective date.
My guess is it will take at least a few months to get audits from their new PCAOB auditor.
BITCF owns 1b of that so if the volume and price per coin keeps growing could be giant windfall and worth a lot more than that mining claim in Venezuela they traded for klc.
Good try, what bout Kilocoin $KLC https://www.coinexchange.io/market/KLC/BTC
$BITCF world's hottest Other OTC today both in terms of dollar volume, percentage gains and number of trades.
Doesn't need intrinsic value just needs to be what it is: The world's first border free currency. Most currencies, including USD, have no intrinsic value but Buffet doesn't mind holding dollars in his portfolio. Imagine how much wealthier he and his shareholders would be if he converted all of his USD to BTC when he first denounced Bitcoin.
If the cryptocurrency bull run continues till stock market opens, some crypto stocks like $RIOT could reach new highs Tuesday, especially the most seasoned ones like $BITCF.
$BITCF's Altcoin $ALT is one of the few cryptos in the green today and BITCF is the first crypto stock to recover from sell off today.
https://www.cryptopia.co.nz/Exchange/?market=ALT_BTC
Yes remote but $CANN and $PHOT made it back which were similarly targeted based on being in hot new industry. BITCF moved into this industry all the way back in 2013 and changed its name in early 2014 to First Bitcoin but took years to get FINRA to recognize that name change.
With audits it would qualify for OTCQX and several exchanges around the world. The way this trades $8 is not impossible and may actually occur in the "Other OTC" market considering it is usually the most active Grey in terms of number of daily trades as well as the highest dollar volume out of thousand of Greys which include major foreign listed companies that only trade in the USA in the "Other OTC" market.
“We are pleased to welcome PetroBLOQ to the Hyperledger family,” said Brian Behlendorf, Executive Director of Hyperledger. “We are constantly seeking diverse industry and thought leaders to join our efforts to advance enterprise grade, open source distributed ledger frameworks to support an increasing variety of critical applications.”
http://www.military-technologies.net/2017/12/20/first-bitcoin-capital-corp-bitcf-grey-market-petroteq-energy-subsidiary-petrobloq-announces-membership-in-hyperledger/
So you are saying form 20F as registration statement shouldn't include the last two years of audited annual financials reports?
Sounds to me like you are splitting hairs and certainly their over qualified legal team and PCAOB auditor will prepare what is needed to file and not the guys running the blockchain side of the business.
The initial filing of form 20F substitutes for a registration statement just as Form 10 substitutes for an S1 when no shares are being offered to the public.
BITCF again being the top traded (trades) of all grey market stocks, including major foreign listed companies trading Grey says it all:
Symbol Price % Chg $ Volume Share Vol Trades
BITCF 1.50 +43.52 3,288,091 2,119,473 952
BKLLF 0.219 -0.32 216,773 990,660 272
HMLSF 11.7849 -1.10 592,371 49,960 232
HRVOF 0.9208 -4.75 119,954 129,551 182
National Law Review on BITCF
Blockchain Technology Being Deployed to Optimize the Oil and Gas Industry
As blockchain technology continues to gain ground, more and more companies are exploring how the technology can be used to optimize existing industries. One such company is Petroteq, an oil and gas producer that recently announced the development of a blockchain platform aimed to address problems that the company identified while trying to develop oil processing and refining facilities around the world.
According to a recent press release, the Petroteq blockchain platform (referred to as Petrobloq) is being designed in partnership with First Bitcoin Capital Corp. as a supply chain management platform intended to exclusively serve oil and gas industry supply chain needs. The Petrobloq platform aims to streamline existing processes and reduce transaction costs for oil and gas industry participants doing business in the global markets, allowing platform users to realize cost savings and gain a competitive advantage in the industry during a period of price volatility and changing production levels.
Blockchain may be able to improve other areas of the oil and gas industry, including: (1) facilitating the exchange of information with both regulators and joint venture partners, (2) reducing the risk of hacking and tampering, and (3) providing increased transparency in connection with company audits and due diligence.
With development moving forward, Petroteq also recently joined the Enterprise Ethereum Alliance, the world’s largest open-source blockchain initiative. According to the company’s press release, Petroteq views its membership as an important step towards developing transformative blockchain-powered solutions for the oil and gas industry.
https://www.natlawreview.com/article/blockchain-energizer-volume-19-december-14-2017
$BITCF Number 1 traded (trades) Other OTC stock in the world!!!
Symbol Price % Chg $ Volume Share Vol Trades
BITCF 0.91 +30.94 167,621 214,182 108
HYYDF 3.202 +0.77 113,164 35,404 87
BKLLF 0.22 -3.64 36,933 163,873 81
Although it could take months to get relisted with this trading pattern it may not be needed.
Especially as most trades of ALL Other OTC stocks today!!!
Symbol Price % Chg $Volume Vol Trades
BITCF 0.628 +8.28 349,387 572,671 188
HMLSF 11.9969 -0.59 586,364 48,955 186
BKLLF 0.25 +0.85 116,358 456,344 186
HYYDF 3.5077 +9.72 252,118 72,173 153
$BITCF 2nd most active in number of trades of ALL grey market stocks which includes ALL major companies listed on foreign exchanges that also trade greg and there are thousands of grey market stocks trading in the USA:
Symbol Price % Chg $ Volume Share Vol Trades
HMLSF 12.0675 +2.67 1,566,105 131,408 348
BITCF 0.60 +16.00 380,579 696,941 273
BKLLF 0.2479 -0.48 173,219 685,505 266
Let's see a link to this less than $0.00 on balance sheet. On this link you can see nearly $30 million dollars in assets and more than
$700,000 in current assets.
http://www.otcmarkets.com/financialReportViewer?symbol=PQEFF&id=176651
And what is the relevance of a 2010 deficiency that was corrected 7 years ago since they are currently in good standing with PCAOB and audit many public companies?
$Riot Short interest for 11/30/17 880,370 shares http://www.nasdaq.com/symbol/riot/short-interest
Must be far greater now.
Market watch has delayed info but showing only PUBLIC FLOAT
4.32M https://www.marketwatch.com/investing/stock/riot
In comparison Mara showing 1.8 million short for 11/30/17 http://www.nasdaq.com/symbol/mara/short-interest
They hired a PCAOB auditor (read last press release) so will need the audits completed next. Probably take a few months.
Where is this fraud list? Did you look at BITCF's latest quarters?
What makes BITCF a fraud company? Having been suspended 10 days for "concerns" does not qualify for such a category. BTSC has less than 1% of BITCF in substance and achievements.
I don't wish anyone suffering but short sellers have a special place in hell in my book when they do it without borrowing or to destroy a market just to make a profit.
They could win or lose on this bet as it is probably the most unpredictable play in history.
Bitcoin's advantage is that it is the first borderless currency and therefore makes owning it accessible to the masses in every nation so if the demands continues to grow, shorts will lose.
There will be plenty of opportunities for shorting on big run ups which has become fairly predictable.
BITCF is not your typical grey as it is usually the top 5 traded grey each day in number of daily trades. Similar to the suspension of $CANN and $PHOT (which did get out of the greys) the SEC seems to have acted to slow down the excitement over the crazy demand of Cannabis stocks then and Bitcoin stocks now. Check the news today, BITCF hired a qualified auditor. The press releases are easy to verify and not a farse, for example, they have demonstrated ownership of their main wallets for the public to witness.
Trades in the Grey Market where bids and asks are only verbally indicated between market makers.
Breaks $13000 for first time. What's next?
Once again you are mixing up two unrelated companies. But there are simultaneously 3 symbols since Petroteq trades in 3 different countries now, Canada, USA and Germany.
If you bothered to distinguish between Petroteq and Petrotech we wouldn't be having this debate. Look at their regulatory filings in Canada and oh by the way, the cash isn't $0.00 even before the $2,000,000 infusion.
If you read the last PQEFF letter to shareholders, you will learn that they have always been a tech company and in the filings after their last financials filed, you will learn that they raised $2,000,000 from their major shareholder interest free which should show up in their next financial audited report.
Check out Dr. R. Gerald "Jerry" Bailey, P.E. to see the qualify of their leadership:
https://petrobloq.com/dr.-r.-gerald-bailey
If you understood the link provided, you realized that the company received at least $120,000 worth of USDT from its ALT ICO. That is not assumptions.
USDT traded $800 million USD equivalents in BTC etc today, so I assume you will admit that is very liquid?
This, from their 2nd Quarter is also not assumption.
Cash and Cash Equivalents
Cash and cash equivalents consist of cash and short term deposits with original maturities of three months or
less when purchased. As June 30, 2017, cash and cash equivalents consists of cash, digital cash and cash in
trust. Digital cash for June 30 2017 is made up of Altcoin (COIN: ALT), Tether (COIN: USDT) and Bitcoin
(COIN:BTC) but does not include the vast majority of various coins created by the company due to their low
cost bases and illiquidity.
The leader of all these blockchain plays owns large stakes in some of the top coins on this list https://coinmarketcap.com/tokens/views/market-cap-by-total-supply/
Do you know which leader that is?
The likes of RIOT and MARA would be smart to make deals with their leader.