Bitech Technologies Corp (BTTC)

[tchauncy]

As a dozen year supporter and significant shareholder of SPIN, I have not a clue how "high" the stock can go. Particularly in this Crypto sector, but as I posted here ten days ago, what I can attest to is that this is not, and cannot be a "pump and dump", at least not in the next 81 days. Why?

1. SPIN is, and has been for the last dozen years a fully reporting SEC registered company. What this means is that without a public registration statement filed, none of the new owners can sell a single share for at least a year.

2. Additionally, the old Insiders who make up some 8.5 million shares have agreed to a 91-day "lock-up" of their shares. (can't sell for 91 days)

3. The new Bitech owners recently placed over a million in cash at around $.35 a share as per their SEC filing.

Recent Financing Transactions

During the year ended December 31, 2021, Bitech issued the following shares of its common stock: 3,301,250 shares for an aggregate of $1,164,500 in cash

4. They obviously need to raise more cash and are likely intending to do it for Stock within the next 80 days. This would be the only logical reason why they locked up the old insiders for 91 days. And, I would think they intend to do it at a higher price than the last financing.

5. A thing that did impress me was their website. It is obvious from this (and the CV's of the whole team as experienced Tech innovators) they know what they are doing re start-ups. Just look at the investor section of their website. Normally, it would take a month or more for that section to be populated after a deal is closed, in their case, it looked as if they were fully prepared to set this company up for a future NASDAQ listing. https://www.btcmcorp.com/

6. And lastly, from what we saw in the 10K, the two parties have been working on this since December. And after speaking with the key SPIN Directors who all have a cost base between $.40 and $1.00,, after the deal was announced, ALL of them have liked this deal from the start. Something that could not be said about the half dozen or so of all the other deals the company looked at over the past two years.

JMHO