CCTL is listed as a shell risk.
"Shell Risk
The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.
In limited circumstances, OTC Markets will consider removal of a company’s shell risk designation upon written request by a company. Please be advised that such requests will only be considered when there has been a material change in financial condition since the most recent fiscal year-end that is reflected in publicly available interim financial statements."
Obviously, the OTCM doesn't believe what Pillsworth has filed in the financials.
Marathon has already released their Q3 financial information - can't wait for the CCTL Q3.
From Marathon:
"Produced 1,252.4 new minted bitcoins during Q3 2021, increasing production by 91% quarter-over-quarter
Produced 340.6 new minted bitcoins during September 2021, increasing total bitcoin holdings to approximately 7,035 with a fair market value of approximately $336.3 million
Cash on hand was approximately $32.9 million and total liquidity, defined as cash and bitcoin holdings, was approximately $369.1 million
Received approximately 26,960 top-tier ASIC miners from Bitmain year to date with an additional 8,459 ASIC miners currently in transit
Existing mining fleet consists of 25,272 active miners producing approximately 2.7 EH/s"
Remember that for Q3 CCTL owes 2CRSi over $500,000. The revenue for 2020 was only $19k. Odd how Marathon can provide financial information for Q3 but CCTL will wait until the last day to file the financials.
IG
The First Casualty of Emotion is Reason.
