Bit Brother Ltd (BETSF)

[LJ-Bodhi]

I personally do not believe/trust anonymous "email responses" to investors on public message boards, especially when the last Twitter/X communication from the company referenced "shareholders like Erik Riddle, Ignacio, Joonho Choi and Moe." One has to determine whether that X post (which is still there by the way) was from a spoofed/hacked account because Bit Brothers Ltd has disappeared into the wind, or whether some company representative actually thought it was a good idea and persuasive to identify shareholders like Ignacio and Moe. I have my opinion and respect anyone else to have their own.

Based on the clear written rules of Nasdaq listing requirements, the company is not even close to meeting those requirements and their egregious actions with free shares resulted in the delisting they deserved. The company is not interested in complying with any rules related to public company reporting. There was a press release stating site 2 would open in January 2024. Material events that would affect the stock price and shareholder sentiment must be publicly disclosed in press releases and/or real SEC filings. The referenced "email" contains material facts about construction delays that must be disclosed to all shareholders, not just some random person.

The removal of the website should be alarming, since you know, public company and whatnot. The utter lack of public communication since delisting should be alarming. The downward spiral in daily output from mine 1 should be alarming, if that link to an unidentified Bitcoin wallet can actually be trusted to belong to the company Bit Brothers Ltd connected to the stock symbol BETSF.

According to the last public annual report, the company had around $2m in revenues with a huge $90+m loss. How this stock even trades at 80 cents is inconceivable based on fundamentals. The interest in this stock died and it is interesting how more "updates" come from anonymous public message boards than the company itself. Fraudulent is another word, but again everyone is entitled to an opinion. Hope no one got burned to badly on this stock scam.

https://www.otcmarkets.com/filing/html?id=17473470&guid=O0Q-kFgG6XoFJth

Delisting Determination, The Nasdaq Stock Market, LLC, April 25, 2024, Bit Brother Limited.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove from listing the securities of Bit Brother Limited, effective at the opening of the trading session on May 6, 2024.
Based on review of information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Listing Rule 5550(a)(2).
The Company was notified of the Staff determination on November 10, 2023. The Company requested a hearing on November 17, 2023. On January 30, 2024, the Company received an additional delist determination pursuant to Listing Rule 5101. Also, on January 30, the Company deficiency under Rule 5550(a)(2) was declared moot. On March 5, 2024, upon review of the information provided by the Company, the Panel determined to deny the Company request to remain listed on the Exchange.
The Company securities were suspended on March 7, 2024.
The Company did not appeal the amended Decision to the Nasdaq Listing and Hearing Review Council (Council) and the Council did not call the matter for review. The Staff determination to delist the Company became final on April 19, 2024.

Remember, the company issued a public press release stating it planned to appeal the delisting notice. That was a material event. The company did not comply with reporting requirements when it chose not to issue a press release to advise on the decision not to appeal. Just facts. When a Chinese company operates out of a British Virgin Islands shell, this is what can be expected.