In response to my inquiry to btcs investor relations here’s their response as promised just got it a few min ago
Michael,
Thank you for the email. In October we closed on $1.1m of new funding which has allowed us to settle all of our liabilities (excluding derivative liabilities associated with outstanding warrants and preferred stock). Subject to additional financing, we plan to expand our portfolio of digital assets including bitcoin and other “protocol tokens” to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. On November 28, 2017 we had a portfolio of 4 digital assets see table below. With respect to the announced merger with Blockchain Global (BCG) we have satisfied all of the conditions on the BTCS side to move forward. However, we can provide no assurances, or guarantees we'll be successful in our efforts to close the merger, if we are we'll communicate it with our shareholders. We can also provide no date or guidance on when we will close the merger if ever. Further as we disclosed in our recently filed S1/A we have had delays in receiving information from BCG. I encourage you to review our SEC filings, including our recently filed S1, in connection with a potential investment in BTCS and ask the company for clarity on any questions you may have. You can also set up an RSS feed at SEC.gov and get alerts when we have updates.
The financials you are referring to in your email are for the period ending 9/30/2017 and we closed our last financing after the end of the period in October hence why it is not shown. Below is an excerpt from our Recently filed S1/A which has a table of our digital assets. Based on today’s prices which are publicly available the value of those assets is approximately $900k.
We have gone to great lengths to ensure we have clear disclosure so our investors have an accurate picture of the business. Feel free to reach out if you have specific follow up questions.
Charles
Again, please familiar yourself with our SEC filings so you have a complete picture of our company and ask questions if you require clarity.
BTCS Inc. (ticker: BTCS)
Blockchain Technology Consumer Solutions
phone: 202-430-6576
e-mail: ir@btcs.com
www.btcs.com
This email outlines matters for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of BTCS Inc. (“BTCS”, “we” or “us”). While I believe the information provided herein is reliable, as of the date hereof, neither BTCS nor any of its affiliates, subsidiaries, directors, officers, employees, agents or consultants (i) makes any representation or warranty as to the accuracy or completene
