You have posted endlessly about the Bitcoin halving - but I have never understood how it benefits CCTL shareholders.
"We are in crypto winter now. CORRECTION date below for halving. Next bitcoin halving is May 2024. It would have happened anyway with bitvoin 4 year cycles it's just the market sell off will make it a bargain over next few months.
Next bitcoin and Crypto surge to new highs will commence after the next halving in May 2024. Correction made here."
The halving directly affects Bitcoin miners by reducing their block rewards. Miners may respond to this reduction in revenue by adjusting their operations, potentially leading to changes in hash rate and network security.
Bitcoin halving, a technical event that
occurs every four years and cuts the reward for mining new Bitcoin by half.
The feature is important to understand how Bitcoin functions. In mid-April, the reward miners get for minting new Bitcoin will be cut in half, from 6.25 bitcoin to 3.125.
CCTL/Pillsworth doesn't own any mining equipment - and CCTL doesn't own 4 or 5 Bitcoin - although you have posted many times that CCTL owns about $500,000 in Bitcoin - but the financials don't support your pumping.
And the halving is next week.
But CCTL has so many problems - the CE has been in place for over 3 years. It is listed as a Shell Risk. Plus, the Company hasn't filed a 15c.
From the Annual Report:
"Intangibles, cryptocurrency - $16,395"
"Total Assets - $76,865" and $60,000 is supposed to be for a deposit to 2CRSi.
"Not withstanding the net loss for the year ended December 31, 2023, management believes that its current
cash, and intangible assets as of December 31, 2023 is sufficient to ensure continuation of the Company
as a going concern for at least one year from the date of this Annual Report."
Pillsworth has been busted for lying again. CCTL doesn't have $76,865 in Assets - it is $16,865 in total assets because 2CRSi supposedly has $60,000 from CCTL.
IG
The First Casualty of Emotion is Reason.
