Replies to post #28879 on BTCS Inc (BTCS)

[Bmd713]

You kind of renewed my hope with that response. Its not hurting me to hold my shares. Just been hearing hearing hearing merger and i have no idea how long these deals take so impatience is normal

[AW104]

Thanks for your intuitive post. I’m not all that familiar with mergers but my assumption is that they don’t take this long. My company (currently sitting @ 1b+) just signed an agreement to purchase another company (valued at 1b). The announcement took place in early December and the anticipated close is by the end of January. That’s just under 60 days to close on a major deal. Maybe we have more lawyers but this makes me wonder why this supposed deal is taking so long? I’m long in Btcs and have stacked my chips @.13 but I’m beginning to wonder what exactly is going on.

[Singatoka2010]

Thanks for the insight. My layperson insight is why in the hell would any entity, person, group (BCG)etc. give 1mil in bitcoin and cash in Oct 2017 only to abandon their goal of merging two/three months later.
IMO talk of non-merger is BS at this point.

[caloosa]

Very good post , lot of common sense and substance , thank you T echnicalTitan ...

[investor2004]

Spot on except for one fact...the 44m in debt is gone. That was part of the LOI and was stated as completed before the 1m in new financing. The last 10q also outlined a ton of debt for equity swaps and other creative debt removal acts that removed all of the debt less the legacy, which at this point I am guessing has been dealt with also.

That said, the debt is fully removed per the LOI requirement but IMHO the write offs are not and can be used against future revenues after the BCG RM.(worth millions) Other then that, the rest of what you said is spot on and accurate. This is a rare one. Been saying that for months. Just a matter of patience considering this is not some Chinese fly by night scam shell RM that happened in droves in the 2000s. This is the real deal, low debt, massive growth solid company and will truly be a golden goose for sure once they get it completed. GLTAL.