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Looking at B's tweet from the 1st I agree. My opinion only but looked like his plans are to spend the week putting together info for what kinda sounts like a update timeline? 30 day action plan to include all of the crucial details. Hoping it'll be kinda a running weekly update
that I can agree with 100%.
behind as crap but technically like 2 months since the first week of April. Spencer's habitual issues aside I saw a post the other week I mentioned in another comment on here that said someone called OTC/SEC and they said they were roughly 8 weeks behind on filings that had been submitted. I have no clue to how valid the statement was but made it seem like they could have submitted everything and it would be 8 weeks before submissions was posted or even acknowledged. Not saying I have any faith in spencer or anything but I do have 100% faith in any goverment or regulatory agency getting behind with paperwork and messing things up when the new regs came out.
curious if anyone can share there thoughts on this
I saw a post on stocktwits where someone stated they called OTC/SEC about the new guide lines and they were told that due to the rush caused by the new guide lines they were about 8 weeks behind getting to submissions. Wondering if there is any validity to this?
I have wondered the same thing. I don't think they had a CFO before and it was a role Spencer had untill the new higher. That said if the CEO had been trying to fill the CFO role there could be alot the new CFO needs to fix. For example if Spencer thought everything was ready to go, highered the new CFO and the new guy had to re do it all from scratch. Hoping he didnt quit tho. A good finance person can make a hell of a diferance
thats the odd thing, for some one who seems to never be current or timely getting financials out they seem to hold back on PR or at least avoid PR's like the plague unless they are current.
I have to wonder if Spencer gave up on PR and just accepted that he sucks at it and his investors are better at it than he could ever be. Swear Between the group on here and on Stocktwits I'v seen more due diligence, investigating and people coming to gether to figure this place out than I thought possible.
truth be told we seem to be green on the bad days for bit and red on the good days more often than not
id like to add that its wild we have not heard any more about the Telesis it division. Like Telesis seems its been doing well so why not PR it alongside the struggling crypto ware house. Mean they have revenue coming in from there so just yea baffling.
so question, if BFCH submits fillings do we see them posted instantly? or is there a lag between a company submitting and when we see it posted to OTC? I haven't found a strait official answer and have heard everything from it being instant to taking 30-45 days from submitting on other boards.
probably not, at the rate he goes it would all be to soggy and less he just likes the mushy messes he makes for him self
So anyone think theres more news to come this week? I've only been watching/invested for about a month. Looked like they anticipated releasing the financials Aprill 30th so that update came earlier than expected. Least compared to the other OTC companies I have seen. Wondering if they still have more to post because of this or if thats probably it?
So been wondering this for a while
My opinion only but anyone think they could have gotten the miners running and are waiting till they have q1 fins ready for this year to update the filings all at once so they can show bit coin/revenu from the miners? Would make sense it mite take a little longer that way? Not saying its ok to miss a deadline and not say anything but a thought.
I stuck up for BFCH for a long time. Theres alot that can be said but I can 100% agree with ya this time.
depends on who you ask, if your asking Spencer it'll probably be over sometime in May. If you ask an actualy manager it ended 4/9/2021. Love the potential here and think itll happen for BFCH but yea, they missed the hell out of this anticipated date
Quetsion for ya, is there anywhere for a company to upload filings that wouldnt show on the otc or SEC site? I have seen some other OTC/penny stock companies listed as Pink current that dont show any fillings on the sec website or OTC for a year or two which seems impossible? Im no stock expert or filling expert but was curious. Also link below to the SEC website for BFCH if you or anyone wants it to follow. Seen the fillings update there a few times before seeing them on OTC page
https://sec.report/otc/company/BFCH
I agree with ya on that. In the past whenever they talked about whats to come and gave time lines it was always left in a grey area or alot was open to interpritation. This time it was a hard time line linked directly to the fillings being uploaded and posted. Hoping and expecting them to follow through due to that. Last time they went current I link it was like 2-3 days before the Stop sign and everything updated to Pink current.
agreed first week of Aprill end tomorrow, I wont say I expect something early morning but end of day at least. Knowing BFCH it will be after market close or the weekend though. Just hope they stick to it since they gave themselvs an undiniable dead line this time. That said i wouldnt expect to see them considered current untill a day or two after posting. Last time they got current it took some time after everything was uploaded before the signs were removed and OTC had them showing Pink current.
only time frame i have seen was the last twitter from BFCH saying they would have all the info posted to get current by the end of the first week in April. That would be end of this week so hoping to see the fins posted by end of this week like said on twitter. Past that we haven't seen to much in terms of a PR from them so just an assumption/hope on my part that they are holding back on a big PR until the fins are posted
Well, think it couldn't be lined up any better to explode. Hoping to see some filings posted soon and for BFCH to follow through on there deadline to get current and hopfully some good PR to follow once current
yup, honestly was surprised when they put the tweet out. BFCH always seemed to leave things vague as possible with a lot of grey area. Seeing them give a deadline like that along with being so specific there's 0 leeway and its undeniable if they screw it up this time.
I would expect to see some updates before the 9th at least. They gave the timeline for having all info completed and updated to be current. That's multiple quarters of financials, year end reporting i believe along with an autourny letter. Hopeful to see it happen, but would also expect it to be done over the course of a week or two not all at once on the last day. They set the bar high on themselves so guess we'll see
Curious to see if they hit it. This is the first time I have seen them actually give a date and a hard time line saying we will do this by this time. Every time line i have seen before has been vague and gray, using words like in coming weeks or soon and wording in a way to let people purposefully misinterpret everything.
looks like it was posted earlier but new tweet showing all the coolant and update that CFO expects to be current by the end of the first week of April.
https://twitter.com/BitFrontierInc/status/1375520728829726722
- first actually hard date I have ever seen in an update from BFCH that wasn't just some vague time line like in coming weeks, curious if they hit it
- still not update on current hash rate or miners online
* assuming they cant run all the miners while installing the immersion cooling system and would rather stay quiet until its all done rather than give crappy specs mid process. Curious what everyone thoughts are, personally thinking this would be a bad move.
So as one who defends BFCH a lot and spencer I'll say at least as far as I'm concerned I don't disagree with you. It depends on what your investing for though. For me if Im looking into a pink sheet or otc I assume there will be issues with deadlines, reporting, and plans will be revised. Thats what keeps them pink and low pps. I tend to go more off of the industry there in and my own assumption of if thell pull through or not and how the PPS mite swing not so much due to company performance but more public/investor actions since most pinks/ots company's take forever to follow through. That's why i have no issue with Spencer or BFCH, its going just as expected, a little news here and there to show there alive and progressing. The news rockets the PPS and then its drops again when the updates lag. Eventually i feel they will be mining and will follow through and itll be in dollar land and then some. with all they said, until then its been an insanely good flipper. But this is just how I look at pinks and otc stocks and penny investments and my own opinion. Just mite help anwser why theres alott of defense for the company and people talking positively. All about what your going for and wanting, its perfect for some and trash for others.
I can second that, I noticed the OS jump around when laser was calling everything out a while and i think it was a week or two before the updates about the land purchase and new CFO. I mean with there stock worth a bit more and getting ready to green light I don't blame them. Sell a few million shares off, get a bit of working capitol. With BTC where its at they can afford to increase the OS like that if it means being able to get a decent team together, expand, and bring in some extra help hopefully to get it going a little faster.
yupp, I get the feeling that its a new website project that probably got shelved or put on the back burner once more focus turned to the facility. Not sure how acurate it is but the twitter feed they have on it stays updated so maby the'll bring it up to speed and replace the old website once they get all the other stuff handled.
I saw two different sites. One the BFCH site with there video tied to the main URL https://bitfrontiercapitalholdings.com/ . The new one with all of the extra details I believe is one that is under construction and is under a different URL http://slgis4me.com/ . I'm not a techi so not 100% sure but but think sometimes rather than instantly bring a new site to the main URL the company making the site/hosting/desgining keeps it under a different url adress untill it compleate and ready to go live. Not 100% sure so just my own opinion but think thats the case here. That way any bugs or issues can get fixed so they dont update to a broken website (even if it is better than what they have now)
no offence but i hope your gut is wrong and your off by a digit. By July looking at recent progress and assuming they are currently mining even without being at full capacity for facility 1 I feel it should be double or tripple those estimates. But ehh I'm just a dreamer
so they said they had miners running and temporary internet through there other company Telesis IT. Not sure why your saying they have no internet and making it sound like its a empty metal building? From the way the last pr and everything sounded its not the best situation but it gets them internet and allows them to run the mines until Comcast gets them hooked up with there permanent solution. Not sure if you have heard something else or something so just double checking incase im missing something
I wouldnt say the Bit coin price is irelavent here. My opinion only here. But I would say due to the potential there are alot of flippers trying to build there holdings or shorting to try and get more cheep. That due to the same thing those that arnt flipping are holding tight. Mean there a few that lost faith and went elsware to make a buck quicker but think its mostly everyone doing what they thinks the best way to make the most when this one launches. Mean everythings down to the wire and anymoment and Operational update or fillings to bring them current could send this one
I'll look through, I have been watching the filings but didnt start paying atention to there staffing untill recently. But that would explain a lot. The company got crappy on PR and updates it seams towards the end of 2019.Wonder how much that had to do with it but we'll probably never know
side note: havent heard anyone talk about this. But we started with 3 people in BFCH Spencer/Andrew/George. My opinion only, but with that report showing they hired a CFO and updates about bringing the team to 3 people. It sounds like they had some changeups in staffing. If they couldn't talk about it for HR/legal reasons and they lost one of the tech oriended guys then I could also see why the deadlines were missed and they fell behind the way they did. Sounds like Spence gave/is giving ideal time lines but reality kicked his ass so its taking a lot longer. Just my opinion
Idk I used to think that. But think they are holding on the operational updates untill they have more finished or least till they have permenent internet. Think there pushing on the financials with the new team member being added but idk I have a gut feeling the bigest thing holding the update back is there not happy with where there at. I mean just looking at the previous PR it's anoying, but rather than reading it as "we will be updating you with pictures and everything next week " it read to me more like " this is where were at and well be updating you next time with pictures and info when we get to this point that we hope will be soon". Anoying and I dont like it but way to used to seeing this in corprate talk
So in that last PR they said they were waiting for permanent internet from Comcast pushing dates back but that they did get a temorary fix by bringing in there subsidary Telisis to get the net going. No details but would assume they are able to run just not as cost effective as doing it through comcast ( my opinion ).
http://slgis4me.com/
there getting a new website up
Sums up my take as well lol.
I would also note that they did just release the update that Spencer is stepping down from the CFO duties and Highering a new CFO to handle the financial side while he focuses on the CEO duties. This should go a good ways into getting us some updated financial info and staying current. All said it does make sense to when you add up what you said with the above that they would also increase the OS count to generate some much needed capitol now that they arnt hanging around at a .01 pps anymore.
thanks for the pictures, nice to see backing up the post and PR from the main company
Oh yea, my thoughts exactly. They havent performed as a company looking to make it rich quick in my opinion. The didnt over load the OS count, didnt burn time on PR's just did it themselvs slow and steady for better or worse and stuck to there buissiness plans even if it ment pissing off the share holders. Now there increasing the OS count a bit but in my opinion with the new facility going up its a good call so they can have a bit of capitol for new employees, staying current, and getting facility 1 finished compleatly and #2 done in a much faster manner now that they have the mony to do so. They running like someone who wants to be around for a while not just a quick buck
https://backend.otcmarkets.com/otcapi/company/financial-report/272209/content
looks like there bringing on an extra hand as CFO now