Business
First Bitcoin Capital Corp Reports Earnings; Hires New Transfer Agency; Caveat Emptor Symbol Added
First Bitcoin Capital Corp Reports Earnings; Hires New Transfer Agency; Caveat Emptor Symbol Added.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"August 17, 2017 Vancouver BC, First Bitcoin Capital Corp (OTC:BITCF) announces that its second quarter net earnings exceeded projections coming it at $378,708.49. These earnings derive from some of the digital currencies earned during the period, including Tether (USDT) and Altcoin (ALT). USDT was received from the ICO proceeds of ALT and ALT was earned as a 10% fee from the ICO sales of Altcoin. USDT remains stable at $1 per coin while ALT substantially declined since the quarter ended. The company anticipates greater earning in the third quarter form its ICO of $WEED (COIN:WEED).Management determined that selecting a more modern, well established transfer agency would provide better services to the company and its shareholders and is proud to announce that Nevada Agency Transfer, which has been in business for more than 100 years and will allow the company 24/7 online access to its shareholder data.Before the market closed on Monday, we put out a news release warning the public that the demand for our shares was over exuberant and OTC Markets shortly thereafter added the Caveat Emptor symbol on its web site concerning our common stock. We expect to be moved from the Limited information status to current within days, however, the policy stated by OTC Markets is to wait 30 days before considering removal. While this may seem unfair to our loyal shareholders, and make it difficult at some firms for new shareholders to speculate in our future, this action may be necessary to keep our stock from reaching unsustainable new highs. We would like to reiterate that “while the company believes that it is the well established leader of all microcap public companies focused on the revolutionary blockchain technologies, and has achieved far greater progress above its pubco competitors, the exuberance for not only our common shares but for that of all in this space is far outpacing performance and realistic expectations. These expectations seem premature if not unjustified.”One factor that is greatly exaggerating the drive for cryptocurrency related stocks is the phenomenal performance of Bitcoin (COIN:BTC) with top firms calling it the best performing asset of 2017 even before it broke $4000 and recently reached $4400 per coin.The company asks all potential shareholders to carefully consider the high risks involved in speculating in o...