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First Bitcoin Capital Issues Letter to New York Law Firms; Demands That Improper Communications to the Public and its Shareholders Cease
First Bitcoin Capital Issues Letter to New York Law Firms; Demands That Improper Communications to the Public and its Shareholders Cease.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"September 6, 2017, Vancouver BC, First Bitcoin Capital Corp (OTC:BITCF) (the “Company”) wishes to report to its shareholders that today it sent a letter to three New York law firms in response to their recent dissemination to the public, using public media, of certain advertising and solicitation material concerning the SEC’s recent temporary suspension of its common shares. Dear Shareholders: Today the Company sent a letter to three New York law firms that recently published “lawyer advertising or solicitation” material announcing that, based on the SEC’s August 24, 2017 10-day suspension of trading in the Company’s stock, investigations were being conducted into whether the Company had violated the antifraud provisions of the Securities Exchange Act of 1934 and encouraging shareholders to contact them. Our letter to the New York firms informs them that, in the view of the Company, their advertising and solicitation material is “deceptive and misleading,” may violate the rights and interests of the Company and its shareholders, and does not appear to comply with the lawyer advertising and client solicitation rules that have been adopted by New York and other states to protect the public. In our letter to these firms, the Company has demanded that they withdraw their recent communications in the public media concerning the Company and cease and desist from attempting to communicate with shareholders of the Company. A copy of our letter is attached to this release for your review. We will continue to examine closely and respond appropriately to any advertising or client solicitation material published by lawyers and law firms in the public media that is improper, deceptive or misleading or that may harm the interests of the Company and its shareholders. Sincerely, Management About First Bitcoin Capital Corp. First Bitcoin Capital Corp. is engaged in developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com. We see this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies, developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company (with shares...