Sunday, June 02, 2019 9:34:08 AM
BFCH has been in the process of voiding the 12 Billion shares for over a year because they were fraudulently issued by previous management of the old buisness, and the Judge just ordered them to cancelled. New OS will be roughly 167 million equaling an MC of just under $6 million based on the current PPS of .035.
The 12 billion shares are GONE. So, once the share structure is updated by the transfer agent in the next couple days the MC will reflect the TRUE value. Traders bid this up in lieu of the share cancellation, and thus knew the Current OTC MC would not be accurate if BFHC prevailed in court.
Now BFHC management is going to substantially reduce the AS from 17.5 billion because they KNOW that traders will not want to buy the stock in fear of dilutive financing.
The pre-manufactured mining facility is onsite and should be up and running very soon.
If you read their filings, they do not plan on effecting an RS now or in the foreseeable future, or dilutive financing because they are going to use the profits from the first mining facility to finance the second, third, fourth, and potentially fith facility.
Bottom line...this is going to bounce around between the current $6 million MC and $25 million MC until they crank up the mining operations. Once that happens, and BTC continues its upward run, this will explode.
Just look @ N$dn that just ran to $30 million MC a week ago and compare them to BFHC.
BFHC has spent a year setting the table for what's to come!
99% of OTC stocks are basically share selling machines... We just might have a bird of a different feather here.
Buckle up and trade wisely!!
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