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Home Cryptocurrency

BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) Announces the Formal Court Complaint has Been Filed to Cancel Over 12 Billion Shares of the Company’s Common Stock

by admin
September 27, 2018
in Cryptocurrency, Sponsored
0
BitFrontier Capital Holdings Share Cancellation Court Documents Filed News

BitFrontier Capital Holdings Share Cancellation Court Documents Filed News

Fredericksburg, VA, Sept. 27, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — BitFrontier Capital Holdings, Inc. (OTC PINK: BFCH) is pleased to announce it has filed a Petition for Declaratory Judgment and Injunctive Relief in the district court of Laramie, Wyoming; Docket No. 190-380.

The complaint seeks to cancel 12,260,000,000 (12.26 Billion) shares of Common Stock, 2 shares of Series A Preferred Stock, and 14,000,000 (14 Million) shares of Preferred B Stock, making up almost 99% of BitFrontier’s issued and outstanding shares of Common Stock, and 100% of the issued and outstanding Series A Preferred Stock and Series B Preferred Stock classes.

These shares were issued by former management to five individuals/corporations and were valued at $260,002,572,404,000 (260 Trillion Dollars) collectively when issued, which they provided no consideration and acquired immediately before abandoning the company.

All of the shares named in the Complaint have had an Administrative Stop Order placed on them through our transfer agent as the case progresses through the courts so that they may not be sold or transferred. In addition, we have asked the courts for both a temporary and permanent injunctive relief, freezing and preventing any market or transfer of the shares discussed above during the pendency of this action and thereafter preventing any marketing or transfer of the shares after they are cancelled. With these stop orders in place, our current tradeable float held at the DTC is 150,066,853 (150 Million) shares of Common Stock.

As seen on page 9 of the court complaint, if successful, the new outstanding share count of the Company will be 151,278,844 (151 Million) shares of Common Stock. A copy of the court complaint has been uploaded to OTC Markets.

In other news, the Company is pleased to announce it has received approval from The Depository Trust Company (“DTC”) of New York, NY to become DTC electronic (DWAC/FAST) eligible.

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 Company’s reports and filings at https://www.otcmarkets.com/

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated four thousand dollars worth of restricted common stock for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com//disclosures/

Tags: BFCHBitcoinBitcoin miningBitFrontier Capital holdingsblockchaincommon stockcourt documentscryptocrypto minerCryptocurrencycryptominingcryptonewscryptotraderdigital currencyemerging growthEthereuminvestinginvestmentmicrocap stocksnewsotc marketspublic companyservicesshare cancellationsmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstradingWyoming
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