OTC Markets Adds Caveat Emptor Symbol to its Publication of Quotes on BITCF
VANCOUVER, BC / ACCESSWIRE / April, 19, 2017 / First Bitcoin Capital Corp. (OTC PINK: BITCF), the most prolific cryptographic creator of tokens on the Bitcoin Blockchain, received notice from OTC Markets of unusual market activities in its common shares.
Skull and Bones
The Company received notice yesterday from OTC Markets that the publication of quotations in BITCF will include a caveat emptor due to:
“Public Interest Concern – OTC Markets Group has determined that there is a public interest concern regarding the security. There is unusual or unexplained trading activity in your security.”
“The Caveat Emptor symbol (a Skull and Crossbones icon) will remain on your company profile until OTC Markets Group believes there is no longer a public interest concern. The Company must continue to qualify for OTC Pink Current Information or OTCQB by doing the following:
“Non-SEC Reporting companies must use the OTC
Disclosure and News Service to make adequate current information available pursuant to the OTC Pink Basic Disclosure Guidelines and publish an Attorney Letter pursuant to the Attorney Letter Guidelines. The attorney letter must include responses to Exhibit B, Items 14 & 15. Non-SEC Reporting companies must also verify their company profile on www.otcmarkets.com.”
The Company recognizes that the demand for its shares has been over exuberant, which brought about the needed warning to investors. We believe this exuberance has been caused due to the markets recognizing that BITCF is emerging as the foremost public company in the Bitcoin space compounded by the upward momentum in the cryptocurrency’s growing popularity.
According to a call to OTC Markets, filing an opinion letter from SEC counsel will not immediately remove the warning icon as it will remain for at least 30 days as a matter of policy, however, the company has retained competent SEC counsel and expects to file the required opinion letter this week and meet all of other OTC Markets’ disclosure and compliance requirements.
About the Company:
First Bitcoin Capital 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 both traded in the US OTC Markets as [BITCF] and as [BIT] in crypto exchanges), we want to provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. At this time, the Company owns and operates the following digital assets:
- www.CoinQX.com cryptocurrency exchange, registered with FINCEN.
- www.iCoiNEWS.com real time cryptocurrency and bitcoin news site.
- www.BITminer.cc providing mining pool management services.
- www.2016coin.org online daily election coverage and home page for $PRES, $HILL, $GARY& $BURN – commemorative presidential election coins.
- www.bitcannpay.com Open Loop merchant services for dispensaries.
List of Omni protocol coins issued on the Bitcoin Blockchain owned by the Company: http://omnichest.info/lookupadd.aspx?address=1FwADyEvdvaLNxjN1v3q6tNJCgHEBuABrS
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release .Such forward-looking statements are risks that are detailed in the Company’s filings, which are on file at www.OTCMarkets.com.
SOURCE: First Bitcoin Capital Corp.