The downgrade is true but understandable. They are reconciling their financials with the merger etc. to combine both companies and then will catch up with SEC once the merger is complete. This happens alot of times in a process like this. I am personally not worried about it at all and believe this does not affect the situation here at all. But then again, each person has to make their own decisions.
Just like, for example, when a dead stock overnight goes QB or QX with a RM and a company with audited financials and disclosures all brought up to date. Beauty of this one though is they will not dilute IMHO any more the first year with the lock up if this goes through. We are safe IMHO because of the equity lock ups during that time and the shares authorized where I think we will be close to that. But either way, on the drop to pinks in the process makes sense to me because why file for just BTCS? Would make no sense so they will be late due to the the timing.
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