Bit Brother Ltd (BETSF)

[LJ-Bodhi]

Why is this simple concept so difficult for you to understand? BETS makes nooooooooooooooooo money. They have an unprofitable specialty tea/boxed foods business. It loses millions. They have two crypto mining farms that require massive outlays of very real capital. That's called money. They offer newly printed shares to get money for operations. You know, things like maintaining that mining equipment, paying the electric bills, paying rent, paying for the equipment. All this dog of a company does is give new dilutive shares out for the very real money they need to support operations. They have no money to buyback anything. How do you fail to understand this very basic concept? Yes, they have a bitcoin wallet worth more than $5 million. However, they are not selling those bitcoin. When they run out of money from this latest $12 million offering to pay the bills, they will have another offering in about 3 months. It is all very clearly disclosed in their public filings while you post misinformation and less than half of the story. BETS makes nooooooooooooo money. They have massive overhead and debt that cancels out their bitcoin wallet.

What you keep referring to as the $70m in "pro forma" cash in the last prospectus is the FUTURE amount of cash they will raise with more offerings. The original shelf registration was for $200m. They have already given out shares for nearly $130m. ALL OF THAT CASH is gone!!! The $70m AVAILABLE will only come from more dilutive shares, driving the price down, down, down. This is day 3 of sub-penny so the RS is virtually guaranteed. GET A CLUE!!!!