Friday, November 20, 2020 10:34:35 AM
Bitcoin Generation Responds to SEC Trading Suspension
Bartlesville, Oklahoma, April 30, 2019 – Bitcoin Generation Inc. (OTC – BTGN) is responding to the SEC Trading Suspension, which occurred without notice on April 29, 2019 and has engaged attorneys at Cutler Law Group, P.C. to answer said suspension.
According to the Trading Suspension, the SEC is seeking information on several items, namely (1) BTGN's public statements regarding the viability and valuation of a bond that BTGN purportedly acquired from an entity based in the United Kingdom; (2) the amount of BTGN's outstanding common stock; (3) stock promotional activity relating to BTGN and the market impact of such promotional activity; and (4) the accuracy and adequacy of current public information regarding BTGN's financial condition.
It is the Company’s and Management’s intention and commitment to fully comply with the SEC’s request and the requests of any other regulatory agencies. The Company will provide the information requested to the SEC and will subsequently request to restore the trading of the Company’s stock on the OTC Markets. The Company and its Management intend on making all information provided to the SEC public through a supplemental information filing and/or through a press release as well as publish any and all information on its website.
“We are committed to providing shareholders the most accurate and transparent information. The ex parte decision by the SEC to suspend the trading is surprising and highly prejudicial” said Deniz Hadjiev, President and CEO of Bitcoin Generation, Inc.
If shareholders have any questions and or comments, you are asked to contact Deniz Hadjiev via electronic mail at the following address: deniz@bitcoingeneration.com
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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