BCII Enterprises Inc. (BCII)

[Throwingawaymoney]

Hmm bithumb sheds 50 percent of workforce. This could be seen in two ways here.
1) company is shedding employees to increase its profitability and book value before closing of the reverse merger.
Or
2) crypto is in dire straits and this merger doesnt look like it will be completed.

I would like to lean towards option one as I noticed that blockchain exchange alliance already held a funding round for a reverse merger recently. They also placed one million dollars into escrow before holding this funding round. Also bcii hired the heavy hitters to get this deal closed for 50 million dollars or more. I believe the funding round that BXA sought for reverse merger was around 100 million. Wish we had more info on this publicly available but all parties involved seem to be keeping a tight lip on the process. Imo