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FDA approval and this thing just tanks. Praying that we can get back down to $1.40 so I can dump my straddle. What a total POS. I feel bad for everyone who got super bullish on this. Try again next time, I guess.
BTCS has no crypto holdings! They sold all of their Bitcoin and put it in their pockets. Total scam. Just another day on the OTC.
"On March 31, 2019, we had current assets of approximately $80,000 and current liabilities of approximately $0.4 million, rendering a negative working capital of approximately $0.3 million. As of May 6, 2019, we had approximately $35,133 of cash and no Digital Assets."
https://www.sec.gov/Archives/edgar/data/1436229/000149315219006566/form10-q.htm
BTCS is trying to hide the truth on Wikipedia by deleting information. Below is the text that they removed, because they don't want you to know how badly they failed:
In April 2015, according to company releases, its shares were valued at 0.30 USD or more.[5] In July 2016, the price had dropped to 0.001 USD.[6] In August 2017 It was reported that BTCS has signed a non-binding letter of intent with Blockchain Global Limited.[7]
On 1 February 2018, BTCS Inc. notified Blockchain Global Ltd. that BTCS was terminating the planned merger due to delays in Blockchain Global's delivery of financial statements necessary for SEC approval of a merger. [8]
The January 2018 form S-1/A BTCS SEC filing states that, "We anticipate that we will incur operating losses for the foreseeable future. Our cash burn rate is approximately $80,000 per month. As of January 16, 2018, we had $231,000 in available cash and approximately $620,587 of Digital Assets. The price of the Digital Assets [bitcoins] are subject to wide fluctuations. Our available cash and Digital Assets as of the date of this prospectus are expected to be only sufficient to last through December 2018 . We require additional funds for our anticipated operations. If we are not successful in securing additional financing, we may be required to delay significantly, reduce the scope of or eliminate our business activities, downsize our general and administrative infrastructure, or seek alternative measures to avoid bankruptcy." [9]
A 4 January 2018 article from Emerging Growth said that, "BTCS invested in a North Carolina mining facility and a 200 ton cooling system. However, BTCS CEO, Charles Allen, admits in company reports that the cooling system refused to cooperate in 2016.[10] Moreover, there was a burglary at the North Carolina facility [in which 165 mining computers were stolen].[11] The company has since discontinued mining." [12]
https://en.wikipedia.org/w/index.php?title=BTCS_(company)&diff=899037062&oldid=879954870
Is this thing dead? From $30 to $.90...What's going on?
Sure, if I see a ton of open interest come in on the options chain. Until then, I'll look elsewhere.
Just look at the options chain for REMX. It's totally dead. No volume and no open interest, even 201 days out on the 2/21/20 options.
This is exactly what I thought when I saw that. I really want to buy some OTM calls, but there are too many sellers to believe this hype is real.
2 more months for BTCS then it's "lights out" time...i.e., when they run out of cash from the very little bitcoin they still have left. Better be out by end of November with what little you can still take home.
Got out of my 4 million shares with a loss, but still glad I got out. Took more than a month for the order to fill! This stock is a total scam. Stay away!
So I started doing some calling. Apparently Jawea Ice Cream was a legitimate product at one point. I don't think it is being carried by as many stores as is claimed on this map.
https://www.eatjawea.com/findastore
The actual number is much smaller I think. Anyone else want to call more stores? The two questions I asked were:
1. Do you carry Jawea Ice Cream?
2. Have you ever carried Jawea Ice Cream?
Store
Phone
Product in stock?
Whole Foods Market 1551 3rd Ave New York
646-891-3888
No
Bread & Butter 303 5th Ave. New York NY 10001
212-448-0444
No never carried according to employee
Commodities Natural Market 165 1st Ave, New York, New York 10003
212-260-2600
No answer/Call back
East Village Fruit And Vegetable 229 Avenue B, New York, NY 10009
646-767-0036
No answer
Aden Food Market
351 Bedford Ave, Brooklyn, NY 11211" 718-388-4868
No answer
Mr. Piña
219 Havemeyer St, Brooklyn, NY 11211
347-689-9001
No never carried according to employee
Pioneer Supermarket
191-199 Parkside Ave, Brooklyn, NY 11225
718-941-2777
Incompetent Employees/No info/Call back
DeCiccos 17 Maple Ave, Armonk, NY 10504
914-499-1100
No do not have any now. Yes carried it before.
Old Nelson Food Company 129 S 30th St, Philadelphia, PA 19104
215-382-1061
Yes has it in stock, but the lady could not spell, somewhat suspect.
Actually, the lowest hosting service on wpengine.com is $35/mo. The sales rep (David Spears) said you get 16 days notice after failing to pay your bill before they cancel your account outright.
"This domain is successfully pointed at WP Engine, but is not configured for an account on our platform." So basically they didn't pay their bill on time and got their account canceled as the domain name settings are still the same....?
What little hope I had for ABVG is pretty much gone now. Keeping a website online and in working order requires about $12 a year in domain fees and maybe $10-$20 a month in hosting fees. It requires the most basic competency level you can imagine. If they can't even do that, or don't care enough to have a production and development server separated, then this is obviously a sham. Sorry guys.
The website is 404'd. I think that is what he was referring to. Check out http://www.affinitybeverage.com and see for yourself.
Official, "j/k guys!!"
Was it possible that the short QVC spot we saw was a numbers test/demo to determine whether there was any actual audience interest in the product/CEO?
So we've all agreed then? If QVC doesn't pan out everyone involved is going to prison?
SREH, huh? Sorry, that you got burned in the past Ascottt, but your posts seem to conflate two different companies. Strategic Rare Earth Metals Inc and Affinity Beverage Group Inc are two completely different companies.
Can you provide any info about investors, or management, that would suggest that anyone from SREH is involved with ABVG? Your research is appreciated. Otherwise, your comments amount to unfounded bashing. Either way please let us know.
BTCS is hanging on by a thread. They have been burning 80k/month since January (at which point they had 231k in cash). That means they have one month left before they have to start selling their 53 bitcoins to survive. If bitcoin stays at $8,000 that means they have 5 months left before they can no longer keep the lights on.
https://seekingalpha.com/filing/3835632
Do you guys think someone is just waiting for them to become bankrupt before getting the ticker, or is this really more of a "won't touch it with a ten foot pole" type situation? We'll find out soon...
Lol, "make payroll." What do they even do that merits a salary? They produce nothing, do nothing, and service nothing.
Allen gets $245,000/year.
Handerhan gets $190,000/year.
At least the other crypto projects out there have some kind of vision for what they are trying to accomplish. These guys have nothing but a ticker. There is zero vision or creativity.
They are clearly building out a base of publicity and potential buyers with these news items. E-trade is good news. All of this suggests that when QVC hits, retail money will flood in a lot easier...seems pretty smart to me.
I think Cardano is a good long term play. The founder lays out the global vision here:
Well, I'm out.
If Allen pulls a rabbit out of his hat and manages to get someone to buy this turd then I think it might be worth looking at again, but only if he is forced to leave the company; I wouldn't touch anything he or his associates are involved with again; I think he's a scammer.
Anyway, good luck to everyone who still has faith. Anything could happen.
Yeah okay this is a scam.
I can hear these guys talking now in my imagination: "This turd is still floating in the toilet. I think we both deserve a bonus! And after that let's plan another bonus! BONUS BONUS BONUS!"
"$175,000 and $75,000 ... not conditioned upon the continued service of either Mr. Allen or Mr. Handerhan."
Hahaha this is absolutely hilarious at this point. Their jobs at this point are essentially thinking of ways to create new bonuses for themselves without doing any additional work. Imagine all the shame they have to live with for the rest of their lives after this thing goes belly up.
Time to dump this Monday, at the open....
No product, no service. BTCS does nothing at the moment. Allen was in it just for the money I think. That's why they originally targeted mining and a "bitcoin shop" as their business "model" (i.e., let's go straight for the money and provide nothing of value to anyone).
That's how myopic and small minded these guys were; they had a head start on the most transformative tech on the planet and all they could come up with was a "shop"/storefront to buy stuff with your bitcoin. The lack of creativity is astounding especially when you look at all the really amazing projects out there being created right now.
Okay I should stop ragging on them. It's possible they will be rescued in the future for their ticker and I think that is what we are all betting on at this point.
First blockchain pure play? More like pure disappointment. We all better pray for a miracle, because that's what we need to get this POS off the ground. Blockchain is one of the most innovative technologies and what has BTCS created? I hate this position, but maybe there is still hope......
What is BMIC?
Guys, relax. Once we are on QVC and profits start rolling in then yeah this is guaranteed to go north. No need to get impatient. It will move. Don't worry.
So does this mean that we all just got burned? I still think ABVG is going up, but this split is kind of sour...
Guess my post was deleted as off topic? http://wht-wrks.com/ is run by Martin and it is legitimate for people to know about it. You can watch the videos yourself. Guess I will keep my comments about it to myself.
I already got 4+ million at .0002. I want everyone to succeed and I believe this will pop and long term there is value here...just exploring the different information that is out there is all.
Looks dead to me.
Website has been offline for more than a year. Doesn't cost much to host a website these days.
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