XTRA Bitcoin Inc (CBTC)

[MoneyForNuthin]

CBTC is light years ahead of that other ticker (referring to PCLI, for which Paul Knudson is CEO also). We have known this here on the CBTC board for quite some time.

Having finally (as is being reported on the message board) established control over the other ticker, Knudson could potentially begin the process that he has already completed with CBTC.

(Note that the "huge new development" on that other ticker is that Paul Knudson's name actually appears on OTC Markets as the CEO/CFO for the company, whereas his name has appeared on OTC Markets for CBTC - f.k.a. TCEL - for many months now.)

Knudson already chose - many months ago - to reverse merge XTRA Bitcoin, Inc. into CBTC (fka TCEL) after he had problems moving forward with the other ticker.

Yes, it's unlikely that he's going to just let the other one sit there. If/when he can justify the cost and resource investment, he'll likely find a way to get some value out of it. This could be immediate, or he may work at whatever pace is convenient. He may effectively sell it via a reverse merger to someone else with a business and plan, or he could merge a business of his own into it and develop it similar to what he's doing with XTRA Bitcoin, Inc. (CBTC).

Knudson recently completed all of the filings with the SEC for CBTC to fill the gap of records prior to the Form 15 filing on 3/1/2012. The Form 15 (in 2012) suspended the company's duty to file reports to the SEC. Under SEC rules, a company has the perpetual obligation to file financial reports until such time that they may file a Form 15 "CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 -OR- SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934." That perpetual obligation does not go away - anything that was required BEFORE that Form 15 was filed must eventually be filed. Knudson has COMPLETED those filings for CBTC, and FINRA approved the name from Therapy Cells to XTRA Bitcoin, Inc., and ticker change from TCEL to CBTC.

The same thing will need to be done with the other ticker, because FINRA will demand it before allowing/approving any corporate action in their purview (e.g. company name change, ticker change, stock split, etc.). That other ticker has a gap in SEC filings from the 10KSB on 12/31/2007 until the 12/3/2010 filing of the Form 15. They will be REQUIRED to file AT LEAST all of the quarterly and annual reports for 2008, 2009 and the Q1-Q3 reports for 2010. Once that is completed, that other ticker will be close to where CBTC is today... except that CBTC has also:

• completed the reverse merger with XTRA Bitcoin, Inc. (which has secured megawatts of power for the crypto mining operation),
• executed a consulting agreement with a high-profile finance specialist in Asia, David Chua, who is "Head of Expansion Capital" (https://www.sec.gov/Archives/edgar/data/1429859/000168316819003201/therapy_8k-1001.htm),
• changed the company name to XTRA Bitcoin, Inc.,
• changed the ticker (from TCEL) to CBTC,
• ...and much more (yes, light years ahead of that other ticker).

CBTC's pending next step is to now submit the filings for recent years to OTC Markets, and we are expecting to see this begin within the next few days:

@xtrabitcoin:

$CBTC has completed FINRA interview and submitted new OTCIQ order forms today with requested documents to setup account to allow filings to bring current. OTC review is typically 3 to 5 days. We believe that OTC will allow CBTC to make filings next week.

10:25 AM - 15 Nov 2019

$CBTC has completed FINRA interview and submitted new OTCIQ order forms today with requested documents to setup account to allow filings to bring current. OTC review is typically 3 to 5 days. We believe that OTC will allow CBTC to make filings next week.

— xtrabitcoin $CBTC (@xtrabitcoin) November 15, 2019