Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I feel like this is a hold or buy at the low. Everything is so new in the EFT approval plus halving coming up, who knows. Someone had posted a YouTube by Sebastian and I started following him. Love the detailed data he dives into. Guess I'll check out what he has to say in his next post.
I literally don't know how to do pump... I'm just excited and hopeful and thought I would share the cheer. Don't be a grouch
I'll do what I want.
You're probably like the other person that can't read. My guess is you stock shelves at the dollar store.
Here little buddy, here's two reads that maybe some will be nice enough to read to you.
https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp
https://www.finra.org/investors/investing/investment-products/stocks/stock-splits
Hey jackass, this isn't a Big Boy stock 🤣🤣🤣🤣🤣🤣🤣🤣🤣.
Again, I guess reading isn't your thing. Maybe you were hoping to get rich off a failing company forced to RS...? Such a bitter little person. Posting there's been no filing is actual fact, posting the 6-k verbiage, also fact, saying this is headed toward OTC is what's called an opinion, you know, like all the crap you spew.
I saw the press release dumba$$. I was looking for the filing. Why don't you go sit in the corner with all the other special people. Oh wait, that implies you're special not "special". They had to RS, day 5 trading under .01, or do you not know how to read? Awwww, poor little fella. Maybe back to Pre-K for you??
I hope (fingers crossed) EFT approval goes and everyone on here has a reason to smile. Also, GO CIPHER! Your growth plans are going to be achieved!
I hope (fingers crossed) EFT approval goes and everyone on here has a reason to smile. Also, GO CIPHER! Your growth plans are going to be achieved!
Hope everyone has a GREAT day tomorrow! EFT approval (fingers crossed) hope brings everyone here a reason to smile
🙂
Hope everyone has a GREAT day tomorrow! EFT approval, I hope brings everyone here a reason to smile
🙂
https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts
The t1 code means the company is about file/announce major news that may create large volatility. The hault stays in place until the public who may hold interest have time to digest the news before trading resumes. I think today was day 4 of trading below .001, so they have to RS. We'll probably see the filing on SEC tomorrow.
https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts
The t1 code means the company is about file/announce major news that may create large volatility. The hault stays in place until the public who may hold interest have time to digest the news before trading resumes. I think today was day 4 of trading below .001, so they have to RS. We'll probably see the filing on SEC tomorrow.
I'm learning, but I learn fast. I have money in other mining companies, when @helterSkelter was completely rude and told another poster he was incorrect about liabilities or the # of shares don't matter, then I understood how fake this one was. I do have to say, some of the posts are pretty good, then there's the...ohhhhhhhh noooooooo. Either way, they'll be delisted. Sometimes, the OTC isn't horrible.
It's a scam that got reported then. I bought at the low because of what I was seeing in terms of percentage increase on the day I bought so losing money on this won't cause me any pain, but F them. It's it's truly a scam, then bye-bye with BETS. May you be rolled in glass.
That makes wayyyyyyy more sense than anything else. All of the other posts are just links back to the same press release. All public traded companies are subject to reporting requirements, including major decisions like a reverse stock split. I put in a call to the SEC to get more info.
Publicly Traded Companies: If the company is publicly traded in the United States, it is generally required to file with the SEC. Public companies are subject to SEC reporting requirements, including disclosures about significant corporate actions like reverse stock splits.
Thanks, the filings for that were all in 2020. Again, just trying to understand why there are no filings.
there's another site to get info Investor.gov
When a company completes a reverse stock split, each outstanding share of the company is converted into a fraction of a share. For example, if a company declares a one for ten reverse stock split, every ten shares that you own will be converted into a single share. If you owned 10,000 shares of the company before the reverse stock split, you will own a total of 1,000 shares after the reverse stock split.
A company may declare a reverse stock split in an effort to increase the trading price of its shares – for example, when it believes the trading price is too low to attract investors to purchase shares, or in an attempt to regain compliance with minimum bid price requirements of an exchange on which its shares trade. In some reverse stock splits, small shareholders are "cashed out" (receiving a proportionate amount of cash in lieu of partial shares) so that they no longer own the company’s shares. Investors may lose money as a result of fluctuations in trading prices following reverse stock splits.
Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws generally govern the company’s ability to declare a reverse stock split and whether shareholder approval is required.
If a company is required to file reports with the SEC, it may notify its shareholders of a reverse stock split on Forms 8-K, 10-Q or 10-K. Depending on the particular facts, companies pursuing a reverse stock split may also be required to file a proxy statement on Schedule 14A, if shareholder approval is required, or a Schedule 13E-3, if the reverse stock split will result in the company “going private.” Corporate filings can be found on EDGAR.”
I understand that's from NSADAQ, but look at the filings for every one of those companies, all of the others listed have the filings except BETS or BTB. Can anyone on here give a logic reason why not one of the filings contain the SEC required filings?
BETS from EDGAR: https://www.sec.gov/edgar/browse/?CIK=1543268
BTB from EDGAR: https://www.sec.gov/edgar/search/#/dateRange=all&entityName=BTB
Unless nothing is posted, there's no RS filed with the SEC. The article had stated the board voted in November, but a company has to file the paperwork within 4 days of the vote.
Before a company proceeds with a reverse stock split, there are several forms and filings that must be submitted to the U.S. Securities and Exchange Commission (SEC). The key forms include:
Preliminary Proxy Statement (Schedule 14A): This is required if the reverse stock split needs to be approved by the company's shareholders. The Schedule 14A proxy statement provides shareholders with information necessary to make informed decisions about matters to be brought to a vote, like a reverse stock split.
Definitive Proxy Statement (Schedule 14A): Once the preliminary version is reviewed and comments from the SEC are addressed, the definitive proxy statement is filed. This document is distributed to shareholders, who will vote on the proposal.
Form 8-K: This form is used to report major events that shareholders should know about, including the decision to undertake a reverse stock split. It must be filed within four business days of the decision.
Form PRE 14A or DEF 14A: These are pre-amendment and definitive proxy statements, respectively, and are used when companies seek shareholder approval for corporate actions, including reverse stock splits.
Amendments to Articles of Incorporation: While not a form filed with the SEC, most companies will need to amend their articles of incorporation to effectuate the reverse stock split. This amendment is typically filed with the state in which the company is incorporated and may be referenced in SEC filings.
These filings ensure transparency and compliance with federal securities laws, providing investors and regulators with necessary information about the company's actions. It's important for companies to consult with legal and financial advisors to ensure all regulatory requirements are met in the process.
There's no filing with the SEC about this RS unless it's not yet posted to EDGAR...not K-8, 14A, amendment to articles of incorporation etc...So, without those filings, this was just a press release but they can't RS without those filings.
Pretty much all of the other mining companies saw gains today except a few, this being one of them. It hits .005, I'll buy more and ride the wave of a RS or an increase in price again, then I'll put it with the stronger balanced miners.
I wasn't calling you lazy I was calling people that didn't read the SEC filings lazy, but what'evs. The other person was correct though, if it's in parentheses it is a liability. That's not coming from me, that's coming from an actual CPA that I had to show that post to because I thought it was funny. I also thought both of you were arguing over nothing. I feel like it's probably best not to post anything else on this site. Everybody on here is sensitive about everything. Money is a passionate subject, good luck to you guys. I'll read the post because they're amusing.
I just wanted to say one more thing. I am definitely not poo-pooing this stock or this company. I think, if people don't look at what had happened in 2021- 2023, then you're flying blind. Like I said for those of you that read my post and said dump the stock, I say you're crazy. It's held at over .001 for the majority, they're in the middle of spending a lot of capital to bring on a second site, they sold shares to raise capital to bring on a third site. If you look back at their highs at 2021, you'll see the exact same pattern. This company sold off its therapeutics brands and changed its company's direction, it takes capital to do that. So again to be clear if you read this post and you say I'm crazy then I say you're lazy go read the SEC filings.
That one is as of June of 2023. Since then there's been significant change with the company.
But if you look at it their cash is down substantially from 2022, liabilities our way up, equity is down substantially. But what I was trying to say, is you have to keep in mind that you can look at a balance sheet and that tells you what happened.. that doesn't tell you what's happening.
The performer pretty much looks like a copy straight across the board minus some changes. The main thing I want to point out is there's nothing published yet, I got to go look, that shows the substantial amount of investment that they've made in their company since June of 2023. That's what everybody seems to be overlooking. Well, everybody that says it's a shit company and not to buy this stock blah blah blah. When a company invest in growth you're going to see a balance sheet that looks like that. I'm not saying it's a bad thing I'm just saying don't overlook it for all those naysayers out there.
S-Bees-Bumblebee, I don't think we're going to see two cents plus today, but when the second site is online and producing, I think that's when we're going to start seeing gains. Like I said in a different post I like data analytics, check out the chart... For the life of me I can't figure out why I can't post a screenshot, probably because I'm using my phone, but the 50-day moving average and 10-day moving average along with the price average are all at intersect today.
I worked for the casinos doing data analytics... I can tell you no one wins at the casino. Everybody knows you have to play the long game, unless you're just in it for the short-term gains, and it's us what you want to do... That's up to you boo boo
I understand this doesn't look good, but I bought at the 52 week low so I basically make money no matter what. I was curious as to why the shares dropped back in 21. After I read through the SEC filing, it all makes sense now. A company in the middle of a growth phase with only one operating site is going to look like shit, which this one does. This one is a give it some time. I have a crap ton of weed stock too. When weed is federalized, and institutional investors can come in, those stocks are not going to be worth tiny amounts. Some of this is about the long game. I play the short game too, but sometimes patience is what's needed.
Did anyone else read through the SEC filings? I read from the filings at the high in February 2021 to current. The high was the company selling off their prior business, lots of shares/ warrants sold to raise capital. The filings state the company can sell 200M shares at any one time (multiple times) which they did. It diluted that shares (obviously), but they did this exact same thing in 2021. The latest selling on 12/15 raised capital for the 3rd site, site #2 should be coming online. I know this freaks people out, but I'm going to hold. This company is in the middle of starting a new business. Balance sheet does look horrible, understanding a proforma is extremely important (someone on here said it didn't matter, but it does but you also have to understand dynamics too).
From reading, it's country dependant but no global bitcoin currency is regulated globally. America, and other developmented countries recognize bit coin trading but not institutionally. We'd be the first. Like I said, if this passes, we'll see the beginning of decentralized banking. I double about you all, but I bought more stock in another mining company. If America passes the EFT, the stock is then bound to not just investors, but institutional investment. That changes this game.
In researching the history of why bitcoin EFT hadn'tbeen approved prior, I found several references to Fincen (financial crimes) and the lack of coordinating and reporting. There's a lot to explain and I won't bore you to death, but overall, it seems like passing this EFTis likely as the company participations in a newly created monitoring and reporting system. It's not backward looking, but upon approval, crypto trades are to monitored and reported to Fincen to address the major concern that crypo supports criminal activity, money laundering etc....My guess is they addressed it, this EFT will go through, and we're about to witness something never before...unbacked currency exchanging. This will change financial institutionalism. Mining, and the recent reported shortages of available coins may drive significant value to miners. Long story short, miners are going to play a significant roll in what's about to happen. The timing of thus new facility is one hell of a coincidence... 🤔
So, if the SEC allows for the Bitcoin EFT, how do you feel that would impact a mining company's position? If you think mining one coin a day or gosh, any at all, wouldn't that be somewhere near the equivalent of mining for gold nowadays? I'm new to all this but, I found that interesting. I'm curious to see about the SEC in terms of allowing for an Bitcoin EFT, and what that's going to do with the entire industry overall, because it will legitimize cryptocurrency as a form of institutionally backed payment methods.
Hi there! I am extremely new to all of this, and I happened on this stock a few days ago, and was lucky enough to come across it listed at $0.0033 per share. After I read about BETS opening a Bitcoin mining operation in Texas with the servers to be delivered by the end of December I was intrigued so I I bought the stock. I have read what I feel like is every acronym that everybody says on here and trying to understand everything about the charts and why people are saying it's so positive, and the volume is incredible... I think it's all interesting sounding but could somebody explain to me like I'm 5 years old what all of this means. A lot of stuff I'm starting to understand now which I'm grateful for but I feel like there's so much to learn and I bought this stock just because it looked like it was about to go off. Am I misunderstanding things? Is there things that I need to understand that I just don't? I feel like a complete idiot and I'm sure people are going to make fun of me, I don't really care. I'm just hoping someone's kind enough to explain things on a low level.