Replies to post #21661 on First Bitcoin Capital Corp (BITCF)

[lesgetrich]

I imagine that since they are now managing BTZI, they may have some concern about dumping up to 100 million shares into the hands of BITCF shareholders who may want to just sell them to cash out. This could potentially put downward pressure on the BTZI pps. Until recently BTZI was trading under $.05/share. Now that it's up over $.20/share, people who receive dividend shares may not be as quick to cash out. BITCF shareholders may actually be lucky they didn't get the shares and sell them when they were trading around $.02/share.

In any event, timing is important and they may wait for BTZI to become current on their financials (which they claim will happen soon) before announcing details on any share dividend.

[Master-of-Disaster]

Were these shares ever distributed to BITCF share holders?

All Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall receive 1 share of BTZI common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp. upon a record date being set by First Bitcoin Capital Corp.