Bitech Technologies Corp (BTTC)

[tchauncy]

Let me first say, I am unaware of who or what is causing today's activity in SPIN's shares. What I do know is that it makes no sense that this is a "pump and dump" tied into anyone who is directly related to the Company.

SPIN is still a "fully SEC reporting Company" so any insider trading today would 1) be an SEC violation of insider trading "in the pre-earnings" blackout period and 2) if there was insider selling, it would have to be reported on a form 4 filing.

While I have not spoken to Dr. D in a few months, when I last spoke with him, after the last Earnings PR, I noted in the PR, he addressed that among other options, Management could be looking at a possible Merger and or acquisition. I told him at the time, if he wanted to go that route, let me know, as I did have some ideas of private companies in the same field, that could easily be shown that SPIN's value, particularly the Quad Video Halo, could be worth millions to a competing company who had plenty of access to cash to finance with. He said he understood where I was coming from and that was a viable option the Company would be looking at. And if they felt my services would be necessary, he would let me know.

I haven't pressed the issue in that I knew, shutting down the Company while it still had plenty of valuable assets was not an option the Company cared to consider. Note from the below screen captures that SPIN has at least .06 a share in positive stockholders equity. That does not include any significant value for the Quad which the Company spent some $2 million developing and over the past four years generated the Company $10-15 million in cash flow.

If you look at the actual capitalization of the company, True Insiders (BOD and Management) hold around half of the 20 million shares. Since this was a very old shell back in 2009 when SPIN started in it, I remember seeing a shareholders list a few years ago that seem to have some 2 million shares still in certificate form under the name of old predecessor companies. So realistically, that is two million lost shares that will likely never resurrect. So what we have free trading is a bit over 8 million shares and I know where just a handful of investors have a couple of million of those shares.

Bottom line, I don't know if the Company has anything going or not right now, but I do know SPIN would make a great vehicle for any company in its industry to go public with. With no options, warrants or converts outstanding, and some $4 million in receivables, a real gem that one day could get at least half of the $1.87 a share Dr. D paid for 550,000 shares in 2012.

So if they need help, they know who to call.

JMHO