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BitFrontier Capital Holdings, Inc. (OTC: BFCH) Announces 12,260,000,000 Common Shares Have Been Retired From Its Outstanding Share Count
BitFrontier Capital Holdings, Inc. (OTC: BFCH) Announces 12,260,000,000 Common Shares Have Been Retired From Its Outstanding Share Count.
About this update from Bitfrontier Capital Holdings, Inc.
[{"type":"text","content":"\nFredericksburg, VA, June 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BitFrontier Capital Holdings, Inc. (OTC: BFCH) announced today that its transfer agent has processed the share cancellation announced last week. \n The Company has posted a supplemental filing to OTC Markets showing the shares that were cancelled, which can be found at: https://backend.otcmarkets.com/otcapi/company/financial-report/223003/content The Company’s new share structure is 167,145,701 Common Shares outstanding with a float of 164,073,146. These changes have been submitted to OTC Markets by our Transfer Agent and should be reflected very soon. The Company can proceed with a substantial Authorized Share reduction once its share structure updates on OTC Markets. Additionally, the Company plans to become fully SEC Reporting and has begun the application process to up list to the OTCQB. Among other requirements, this entails obtaining a 2-year audit. We will continue to post updates on our twitter account at https://twitter.com/BitFrontierInc About BitFrontier Capital Holdings, Inc. BitFrontier Capital Holdings business plan is to concentrate on cryptocurrency related investments and development opportunities through cryptocurrency mining, investments in private and/or public entities, joint ventures and acquisitions of blockchain related companies. BitFrontier Capital Holdings has two wholly owned operating subsidiaries, BitFrontier Capital Investments, Inc. and BitFrontier Technologies, Inc. Through the Company's wholly owned subsidiary, BitFrontier Technologies, Inc., the Company plans to build a warehouse specifically designed for hosting cryptocurrency mining equipment. Cryptocurrency mining (e.g. bitcoin mining) entails running ASIC (application-specific integrated circuit) servers or other specialized servers which solve a set of prescribed complex mathematical calculations in order to add a block to a blockchain and thereby confirm digital asset transactions. A party which is successful in adding a block to the blockchain is awarded a fixed number of digital assets in return. NOTES ABOUT FORWARD-LOOKING STATEMENTS Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Comp...