Fake Press Release Forum

[Slojab]

This isn't a case of a fake pr but I'm having trouble understanding how the claim can be made of a $10M value, which in itself is questionable since the coin is illiquid at this time by the CEO's own admission, can now be stated as having a $75.9M value.

I just wanted to place these two quotes here to track developments.

According to Anthony K. Miller, CEO, "Today we announce that the Company has done what it reported in its December 14, 2021 press release, transferring $10 million dollars of its digital asset into position to be sold

https://www.otcmarkets.com/stock/BMCS/news/US-Energy-Initiatives-Deposits-Digital-Assets-for-Sale-and-Moves-Into-the-Metaverse?id=336916

According to Anthony K. Miller, CEO, "BMCS Sumcoin Index Fund Inc., formerly BioTech Medics, Inc., has a Delaware Statutory Trust that holds Sumcoin (SUM) on behalf of its shareholders. The investment objective of the Trust company is for the shares to reflect the value of the Sumcoins held by the Trust, determined by the Sumcoin Index value, less the Trust's expenses and other liabilities, divided by the I/O stock (the NAV total, as of today, is $.38 and our balance sheet now totals $75.9 million dollars of Sumcoin). Our current share value does not reflect this capital structure (the predicted P/E ratio)… and it is our hope that in the coming weeks our true value is realized.

https://www.otcmarkets.com/stock/BMCS/news/BMCS-Continues-to-Add-Digital-Assets-to-its-Balance-Sheet?id=337113

There's also the hope that the SEC will investigate the claims being made since there's an active 506c offering in the works.

BMCS has a fascinating business model that is patterned after other successful companies in this Digital Asset Marketplace. Our goal is to make Sumcoin as liquid as other currencies in this digital ecosystem. We have filed a Reg. D 506c offering with the SEC and we have started raising capital with this exemption. Capital raised ads to our balance sheet, also increases our share value.