Replies to post #19861 on First Bitcoin Capital Corp (BITCF)

[JohnCM]

Hindsight is 20/20, but this was a bad idea. Needed the TeslaCoin to mature and for the company to gain some feet in the marketplace before playing around with a "dividend".

First Bitcoin Capital Postpones Cryptocurrency Dividend; Dividend Declared and Will Accrue Pending Regulatory Approval
WRITTEN BY ON OCTOBER 3, 2017. POSTED IN COMPANY NEWS.

TEL AVIV, ISRAEL / ACCESSWIRE / October 4, 2017 / First Bitcoin Capital Corp. (OTC PINK: BITCF) (the “Company”) announced today that payment of TeslaCoil Coins as a dividend to holders of the Company’s common stock on the previously announced record date has been postponed pending finalization of a workable distribution plan and subject to receipt of required regulatory approval. On August 2, 2017, the Company announced that it would pay a dividend in the form of TeslaCoil Coins to shareholders and thereafter established a record date of September 12, 2017, with the payment of the dividend scheduled for September 29, 2017. However, the Company did not anticipate the complexity associated with developing a plan to ensure that payment of the cryptocurrency dividend is made available to all beneficial owners of the Company’s common stock as of the record date and is working on various procedural and logistical distribution issues. The Company hopes to have a comprehensive distribution plan in place within the near future and will announce further details as they become available.

During the interim, the TeslaCoil Coins payable as dividends have been declared and deposited by the Company in a separate Omni digital wallet owned and controlled by the Company and will be held for the benefit of shareholders entitled to payment of the dividend. The Omni wallet in which the TeslaCoil Coin dividends have been deposited may be viewed at:

omnichest.info/lookupadd.aspx?address=1GBDm1AbidQ3AVF24vTRSSZb1hUrrFp6Bh

The TeslaCoil Coins earmarked for distribution as dividends will be held by the Company in its new Omni wallet until a final dividend distribution plan is in place and regulatory approval has been obtained by the Company.