Frankestin
2年前
We anxiously and excitedly await some move...
What are they doing? Which side are they on?
If you want to close the position to record the minus but also want to leave a finger in the ass to these individuals who do and undo everything then hold at least one share!
Dear Board of Directors,
The ongoing silence from the company is increasingly troubling and raises serious questions about the intentions of the board towards its shareholders, particularly those of us with smaller holdings. The consistent lack of transparency, especially following the NASDAQ delisting, appears almost calculated to keep us uninformed and powerless.
As a shareholder, I cannot help but wonder if there is a deliberate attempt to disenfranchise smaller investors, potentially with the aim of driving down shareholder numbers below 300, effectively removing regulatory oversight and limiting accountability. This lack of communication not only undermines trust but creates a perception that the board may be acting in its own interest, rather than fulfilling its fiduciary duties.
If the board is committed to integrity, transparency, and the fair treatment of all shareholders, it is imperative that you provide immediate and clear communication regarding the company’s current status, its strategy moving forward, and any issues relating to the recent SEC inquiries.
I urge you to address these concerns without further delay, as continued silence only strengthens the suspicion that this lack of transparency is not in good faith.
Sincerely,
P.S.
This lack of transparency suggests an intent to withhold information from smaller shareholders, a move that damages not only the reputation of the company but casts a shadow on the professionalism expected of any responsible organization.
Such conduct from a publicly traded company, representing a nation renowned for its principles of integrity and commitment, does a disservice to China itself. The board's lack of action and communication does not reflect the standards of excellence and accountability that have come to symbolize Chinese industry on the global stage.
Frankestin
2年前
WOW, who is so powerful that can sell in OTC during pre market?
rude dude
The 2021 F-3 expires on June 8, 2024 and therefore, we are filing this registration statement as a new shelf registration statement, with unsold securities and fees paid under the “expiring” registration statement rolled over herein.
Outstanding Warrants
As of the date of this prospectus, January 16, 2024, there were 213,364 outstanding warrants to purchase Class A ordinary shares.
Come on, have a little mercy!
Frankestin
2年前
https://www.sec.gov/Archives/edgar/data/1543268/000107997323001768/shnf_13g.htm
61,538,461 here say that's 9.87%! December 5th
Then, in a month, they print shares up to 3,8 bil, January 8th.
https://www.msn.com/en-us/money/markets/whats-up-with-bit-brother-bets-stock/ar-AA1mPrep?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry= 1
I don't know where he found the data!
a few days later we are already at 4,285 bilion
https://www.sec.gov/Archives/edgar/data/1543268/000121390024003796/ea191610-f3_bitbrother.htm
We are authorized to issue an unlimited number of shares divided into the following classes of shares: (i) an unlimited number of Class A ordinary shares with no par value; (ii) 200,000,000 Class B ordinary shares with no par value; and (ii) 5,000,000 preferred shares, par value $0.0001 per share. As of January 16, 2024, 4,285,300 Class A ordinary shares and 881 Class B ordinary shares were outstanding. Each Class A ordinary share has the right to one vote at a meeting of shareholders or on any resolution of shareholders, the right to an equal share in any dividend paid by us, and the right to an equal share in the distribution of surplus assets. Each Class B ordinary share has the right to twenty votes at a meeting of shareholders or on any resolution of shareholders, the right to an equal share in any dividend paid by us, and the right to an equal share in the distribution of surplus assets. We may by a resolution of the Board of Directors redeem our shares for such consideration as the Board of Directors determines.
Then what happened?
ihub is the only serious one and does not indicate how much the MC is
Where do those who place an MC that does not exceed 400 thousand dollars to date get the data?
did they fix something?
Are there still assets that can be valued? What did they do with the money?
If it is a well-planned scam it must be led by someone who knows the market well and not the puppets we see
fine minds who like to spread shit?
Who knows, what game did Wu play? Hopefully Sun can help!
If they are going to go on the right path it will take time and I am in no hurry! hold on
Frankestin
2年前
Oh, IF!
if we knew how many shares they printed... Hold on
IF
If you can keep your head when all about you Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you, But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:
If you can dream - and not make dreams your master; If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two imposters just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ’em up with worn-out tools:
If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings And never breathe a word about your loss;
If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: “Hold on!”
If you can talk with crowds and keep your virtue, Or walk with Kings - nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And - which is more - you’ll be a Man, my son!
Rudyard Kipling (1910)
Frankestin
2年前
Sparkling and amusing!
LOL… but It's not nice to mock others.
They certainly didn't lift a finger to appeal but evidently there was little for the appeal, better save!
I hope I'm wrong but it could be a long wait before we know anything, maybe October, November!
This is in the worst case scenario, IMO.
The interest borrowing rate is high to wait a long time.
It could also be that they really want to redeem themselves!
The Chinese people, with their millennia-old culture, represent one of the oldest and most continuous civilizations in the world. Rooted in a history that spans dynasties and eras, the Chinese have made significant contributions to the cultural and scientific heritage of humanity. They are known for their industriousness, a distinctive trait that reflects in their work ethic and determination in pursuing long-term goals.
China is the birthplace of countless inventions that have transformed history, such as paper, the compass, gunpowder, and currency, showcasing an ingenuity oriented towards progress and innovation. Although they have historically adopted strategies of imitation to bridge technological and industrial gaps, this approach has often served as a springboard for independent developments and innovations, demonstrating the country's enormous potential.
Humility is another valued quality in Chinese culture, a virtue that manifests in respect for others and a willingness to learn and continually improve. This combination of humility, industriousness, and a deep reverence for tradition, coupled with an unceasing drive for innovation, makes the Chinese people a prominent player on the global stage!
Sun illumine us!
LJ-Bodhi
2年前
This is how a phone call from the SEC to Bit Brothers would probably go:
SEC: I would like to talk to the current CEO, can you tell me that person's name?
BB: Hu
SEC: The name of your current CEO
BB: Hu
SEC: That's what I'm trying to figure out. Who is the CEO?
BB: Yes
SEC: Yes, who is the CEO?
BB: Yes, Hu
SEC: Do we have a bad connection? You keep repeating what I say. Let's try something different. Who are you?
BB: Yu
SEC: What? Yu are not me
BB: I know, I am Yu
SEC: This is getting frustrating. Maybe you can tell me who runs accounting?
BB: Mi
SEC: Now we are getting somewhere. How long have you been running accounting?
BB: No, I am Yu. Mi is in charge of accounting.
SEC: Why won't you answer my questions in a forthright manner. I am from the United States SEC and you must answer my questions. Do you understand me?
BB: Look, I understand you. I am Yu. I would have you talk to Mi, but Mi not here. Hu is out of the country.
SEC: I'm the one asking the questions here and I don't care who is out of the country. I'm talking to Yu.
BB: Right
Endless comedy with Bit Brothers that Abbott & Costello would be proud of.
LJ-Bodhi
2年前
I personally do not believe/trust anonymous "email responses" to investors on public message boards, especially when the last Twitter/X communication from the company referenced "shareholders like Erik Riddle, Ignacio, Joonho Choi and Moe." One has to determine whether that X post (which is still there by the way) was from a spoofed/hacked account because Bit Brothers Ltd has disappeared into the wind, or whether some company representative actually thought it was a good idea and persuasive to identify shareholders like Ignacio and Moe. I have my opinion and respect anyone else to have their own.
Based on the clear written rules of Nasdaq listing requirements, the company is not even close to meeting those requirements and their egregious actions with free shares resulted in the delisting they deserved. The company is not interested in complying with any rules related to public company reporting. There was a press release stating site 2 would open in January 2024. Material events that would affect the stock price and shareholder sentiment must be publicly disclosed in press releases and/or real SEC filings. The referenced "email" contains material facts about construction delays that must be disclosed to all shareholders, not just some random person.
The removal of the website should be alarming, since you know, public company and whatnot. The utter lack of public communication since delisting should be alarming. The downward spiral in daily output from mine 1 should be alarming, if that link to an unidentified Bitcoin wallet can actually be trusted to belong to the company Bit Brothers Ltd connected to the stock symbol BETSF.
According to the last public annual report, the company had around $2m in revenues with a huge $90+m loss. How this stock even trades at 80 cents is inconceivable based on fundamentals. The interest in this stock died and it is interesting how more "updates" come from anonymous public message boards than the company itself. Fraudulent is another word, but again everyone is entitled to an opinion. Hope no one got burned to badly on this stock scam.
https://www.otcmarkets.com/filing/html?id=17473470&guid=O0Q-kFgG6XoFJth
Delisting Determination, The Nasdaq Stock Market, LLC, April 25, 2024, Bit Brother Limited.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove from listing the securities of Bit Brother Limited, effective at the opening of the trading session on May 6, 2024.
Based on review of information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Listing Rule 5550(a)(2).
The Company was notified of the Staff determination on November 10, 2023. The Company requested a hearing on November 17, 2023. On January 30, 2024, the Company received an additional delist determination pursuant to Listing Rule 5101. Also, on January 30, the Company deficiency under Rule 5550(a)(2) was declared moot. On March 5, 2024, upon review of the information provided by the Company, the Panel determined to deny the Company request to remain listed on the Exchange.
The Company securities were suspended on March 7, 2024.
The Company did not appeal the amended Decision to the Nasdaq Listing and Hearing Review Council (Council) and the Council did not call the matter for review. The Staff determination to delist the Company became final on April 19, 2024.
Remember, the company issued a public press release stating it planned to appeal the delisting notice. That was a material event. The company did not comply with reporting requirements when it chose not to issue a press release to advise on the decision not to appeal. Just facts. When a Chinese company operates out of a British Virgin Islands shell, this is what can be expected.
DesertEagle
2年前
Here is a response to a shareholders questions, posted this morning on another board...
Dear investors, thank you for your attention and support to the company, and reply to the relevant questions as follows:
The shareholders' joint letter was not accepted by Nasdaq because the number of signatures was not enough and did not meet the requirements, but the company is still seeking all available plans and methods with the help of the listed company's advisory law firm to return to the Nasdaq Capital market as soon as possible.
The operation of the Site2 has been delayed due to uncontrollable factors such as weather and transportation accidents, but it is expected to be put into operation by the end of next week.
The deal for Site3 is still under negotiation.
Thank you for your interest in our company and your investment in our stock. We understand your expectations and concerns regarding share buy-back.
However, the decision to buy back shares involves a number of factors such as the company's financial health, operating strategy, and long-term growth. We need to fully consider these factors in order to make decisions that are in the best interest of the company and all shareholders.
At present, we are actively studying and evaluating various possible strategies, as well as various ways of working on capital. We firmly believe that only the long-term and stable development of the company can bring greater benefits to shareholders. We will continue our efforts to improve the company's performance and improve shareholder returns. We look forward to your understanding and support in this process.
We will seriously consider your suggestions, and if there is a share buy-back plan in the later stage, we will make relevant announcements in a timely manner as required.
The stock price in the secondary market is affected by multiple factors such as the macroeconomic environment, industry policy adjustment, capital flow stage, financial market situation and the company's own fundamentals.
At present, the company's production and operation conditions are good, and the Bitcoin market is showing an amazing and stable development trend.
In the future, the Company will continue to do a good job in operation and management, strive to improve profitability and achieve sustainable development, in order to promote the steady growth of the company's value. The specific information is subject to the company's subsequent disclosure announcement, the company will strictly abide by the rules and regulations of information disclosure, timely and accurately fulfill the disclosure obligations.
The Antminer S-19k Pro uses a new generation of ASIC chips with up to 120T of hash-rate, which can process a large amount of data in a short period of time and improve mining efficiency, it is one of the most powerful mining machines on the market today. At the same time, it has a power consumption ratio of 23J/T, which has high energy efficiency.
LJ-Bodhi
2年前
You seem like a nice dedicated earnest person. No disrespect intended. There are some harsh truths to consider. The company website no longer exists. Many, many old press releases have been scrubbed from the internet. This egregious lie was posted on X about challenging delisting:
To all dear shareholders:
Recently, we have received a lot of concerns and feedback about Nasdaq's delisting decision from shareholders like Erik Riddle, Ignacio, Joonho Choi and Moe, who have been closely following the company's progress and even provided many useful…— Bit Brother Limited (@BitBrotherLtd) March 13, 2024
Nasdaq records prove they never appealed anything. It was always a stock scam created to print shares and fool retail. It is questionable if the Bitcoin wallet is even real. But, anyone can check it to see mining production has cratered for months. They projected 0.4 coins a day at full capacity. 12 a month. That dropped to 0.3, 0.2, and even lower before the halving in April. 0.2 should be the new output but it's as low as 0.05 some days. Either they can't pay the energy bills or the equipment is failing or the entire scam is made up gibberish.
There is no market for this 80 cent stock, just smoke and mirrors with "new management" who say nothing, no more press releases, no more website, and the last SEC filing was the Nasdaq removal.
If they go for another "re-brand" with a new company name.....fool me once, shame on you....fool me twice, three times, four times....so many names in the history of this stock scam. Beware
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