Replies to post #20042 on Bitcoin Generation Inc. (BTGN)

[gdolphin]

If this be the case, it is interesting that OTC Markets and their website does not denote these changes. I thought the SEC always required that the public be notified of such changes.

[Slojab]

Obviously, if they've raised the A/S to 5B, it can be assumed they anticipate issuing more than the 150,000,000 they can under the old A/S limit. At the current sp of $3, the market cap would be pushing $500,000,000. This, for a company that as yet has no sales or revenue.

Red flag....

According to the terms of the agreement, Inolife has issued a convertible debenture in the amount of $500,000 U.S. and said debenture converts at any time during the term at a price of $1.00 per share. The convertible debenture is repayable on October 20, 2020 or before at the option of the company and shall pay an interest of 8% per annum to the holder. The interest is payable in common shares of the company at a price of $1.00 per share