Replies to post #40190 on BitFrontier Capital Holdings Inc (BFCH)

[CoderTrader]

$50K on bid….

[sdmuttley]

Thanks for the details really apperciate it...
i was kind looking at some other companies and comparing those companies past filings and Promissory notes. They all appear to have pro's and cons to the structuring. Example INTV when they had notes out they had it at a 75% discount. there float is a lot higher.
I guess it comes down to what will they do with that money and can they start making some money from mining. only time will tell.

[sdmuttley]

can i ask another question? looking at the report i dont see where they say notes can be converted in 6 months? I just see the Maturity data as being 2 years from issued on most notes?

[Chummingtoamerica]

It clearly states on Financials what the maturity date of each loan is. Every single one of them are 2 year loans except the 1st 2 that are 1 year loans and the 2 that Jeff Mutual bought that are no longer listed from 2018. The only loan coming due is dated 12/6/2019 for $52k. If converted in to shares at 50% the lowest of the last 10 days (this is only if they didn't pay this one off) Let's just say the current share price is what the share price will be in DEC. Then 50% of ~.09 is .045. Then $52k/$.045=~1.15 million shares.

Where did you pull 12 million shares from? I'm assuming you did your math using faulty numbers. Probably under the assumption that these loans were 6 month loans.