BTCS Inc (BTCS)

[FreezeThese]

There it is ... the kiss of death

In the past week...

49,841,033 shares issued for the conversion of $597,409

For a fair market value of $0.011 and it gets [no] better...

As a result of the Note conversions, the Company became obligated to issue, subject to certain limitations, the following additional securities: (i) issue 321,964,110 shares of Common Stock pursuant to “favored nations” provisions in certain common stockholder subscription agreements; and (ii) issue warrants to purchase 755,828,694 shares of Common Stock pursuant to both the terms of the warrants issued on December 16, 2016, and under the “favored nations” provisions in certain common stockholder subscription agreements. The Company must also lower the conversion price of the Company’s outstanding junior and senior convertible notes to $0.00822. The Company does not currently have sufficient authorized and unreserved shares to fulfill its obligations with respect to the issuance of new shares of Common Stock. While no assurances can be made, the Company intends to seek shareholder approval to adjust the Company’s capitalization or to seek releases from reservations of shares from certain investors.

Sell before 7/1 seems logical... A/S at 975M and they've issued, or may be obligated to issue, +1B additional common shares. So much for Nasdaq uplisting and Charlie's big bonus. The past four sessions have seen an astonishing 84% of the volume dumped on the float.

If there were more shareholders I'd suspect a class action lawsuit being filed. Certified POS