BitFrontier Capital Holdings Inc (BFCH)

[Damascus]

$PURO .0107 UPDATED BIG DD - OTC Pink Current Information


Authorized: 17,500,000,000
Outstanding: 12,400,263,104
Restricted: 12,000,189,958
Unrestricted: 400,073,146
Float: 400,073,146

Approx. 97% of the OS is Restricted and held by old management.


Reinstated in Wyoming on 12/14/2017 :


https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=092220102197043084188042092211078181116022252140

New company: BitFrontier Capital Holdings - http://bitfrontiercapitalinvestments.com???


About BitFrontier Capital:     "BitFrontier Capital Holdings is a blockchain-oriented company focused on the cryptocurrency markets. We plan on expanding operations in the Bitcoin mining industry, and see great potential in this rapidly expanding sector. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new Bitcoins are released."

?Last filing before reinstatement was in August of 2010

18 filings in December 2017 on OTCM : https://www.otcmarkets.com/stock/PURO/filings


???Filing on Merger released 12/20/2017:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=184709
 


"On December 13, 2017, the Company acquired all of the issued and outstanding shares of BitFrontier Capital Investments, Inc. All references in the accompanying financial statements and the number of Common Shares issued have been restated to reflect the acquisition."
 

 "Section 7.01 PURIO Name Change, Ticker Change, A/S Decrease, and Par Value Change

Highlights:??? "BitFrontier Capital Investments is a blockchain - oriented company focused on the cryptocurrency markets. The Company is planning to build a data - center type warehouse to host/maintain cryptocurrency mining equipment, also known as transaction verification services. The Company also plans to invest in both private/public companies in the blockchain industry through the use of convertible notes and other debentures."


"Once the Company has built its cryptocurrency mining warehouse, we will be verifying blocks on the blockchain and in return will be paid a piece of the block that the Company successfully solves in the form of cryptocurrency."

 
"Of our 12,400,263,104 outstanding shares of Common Stock, 12,000,189,958 bear a restricted legend substantially in the following form “The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended and may not be sold or transferred without registration under said Act or an exemption therefrom”.   

——— The AUTHORIZED is being reduced from 49.88B to 17.55B. THIS is a 32 BILLION SHARE DECREASE.  Additionally, 12 Billion shares are restriced of the new 17.55B AS and 12.40B OS.

—————
"At or prior to the Closing Date, PURIO shall change its corporate name to BitFrontier Capital Holdings, Inc., change its ticker to BITF or if not available BTCF , amend its certificate of incorporation to decrease its authorized capital to 17,550,000,000 shares. "



1/2/18 - First tweet ever by BitFrontier Capital:

“$PURO We have received our new CUSIP number from the TA. The issuer notification form was filed with FINRA today with a tentative date for the ticker change and name change set for January 12th subject to FINRA approval.”

>>> So symbol and name change should happen on Friday, Jan 12th. BITF or BTCF



$PURO 1/3/18 PR Highlights:

https://www.otcmarkets.com/stock/PURO/news/Purio--Inc---PURO--Provides-Corporate-Update-on-Recent-Restructuring-and-Closes-on-Merger?id=179453&b=y

" The company also intends to appoint two more officers to the positions of COO and CTO. These two individuals have extensive knowledge of this industry, and will manage the company’s cryptocurrency mining warehouse." ---- this was announced today, 1/5/18

"In addition, the company has closed on its first merger with BitFrontier Capital Investments, Inc. and is in negotiations for substantial funding, which will allow the company to implement its cryptocurrency mining business plan aggressively and in a time efficient manner"

"We are in the final stages of closing on our second merger with BitFrontier Technologies, Inc., and will upload the necessary documents to OTC Markets once the transaction is finalized." --- this completed on 1/5/2018


Read closely ——— “We plan to deploy an array of both ASIC and GPU miners. These miners will position the company to mine the cryptocurrencies with the greatest profitability, and minimize the downtime when switching servers to other algorithms that are used to mine different cryptocurrencies. Once our first warehouse is built, we also plan to implement a strategic model where we can host outside miners owned by either individuals or other companies and take a management/hosting fee from each outside miner we host. Providing this service will allow the company to become a leader in the cryptocurrency space, as many companies are interested in entering this industry, but don't actually have the resources or knowledge to deploy and maintain the necessary servers and mining equipment. The Company will go into greater detail when it releases its 2018 road map, which will establish a timeline for when our first facility will be up and running. This road map will also outline how many miners we are able to host per warehouse, as well as the hashing power and electrical consumption per facility."



"Restructuring Highlights:

1. The Company has no intentions to implement a Reverse Stock Split now, or in the foreseeable future.

2. The Company recently reduced its authorized capital stock by over 32 billion shares
, and is exploring options to reduce it further."

"The Company is currently working on ways to improve its current share structure, including an administrative stop order placed on the 12,000,127,987 shares of Common Stock held by previous officers and control persons. "

Important -- "Additionally, the company has been working with several large funds to obtain the necessary funding for the complete build-out of the cryptocurrency mining operations, which will be beneficial to both the company and shareholders."


1/5/18 - "second merger" filing out which includes 2 New Company Officers:

"Directors and Executive Officers of Surviving Corporation
Spencer B. Payne - President, CEO, CFO, Secretary and Director
Andrew E. Karras - COO
George N. Storm - CTO"






You can follow them on Twitter:
https://twitter.com/BitFrontierInc



COMPANY PROFILE ON OTC MARKETS :   
https://www.otcmarkets.com/stock/PURO/profile