{"id":8096,"date":"2016-06-17T15:02:04","date_gmt":"2016-06-17T15:02:04","guid":{"rendered":"\/?p=8096"},"modified":"2016-06-17T15:14:42","modified_gmt":"2016-06-17T15:14:42","slug":"btcs-inc-otcmktsbtcs-fails-to-recover","status":"publish","type":"post","link":"\/articles\/btcs-inc-otcmktsbtcs-fails-to-recover\/","title":{"rendered":"BTCS Inc (OTCMKTS:BTCS) Fails To Recover"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93746\/btcs_6m_450x350.png\" border=\"0\" \/>After going up and down the charts throughout the first half of this year we saw <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a> Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a>)&rsquo;s stock take a more firm direction. Unfortunately for some, the direction that the company stock took was downward and it was rather steep.<\/p>\n<p>&nbsp;<\/p>\n<p>Meanwhile, volumes increased as investors were trying to get out and shorters were having a blast. The negative sentiment towards <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a><\/strong> wasn&rsquo;t that surrounding when you consider all the red flags surrounding the company. Let&rsquo;s start with a quick recap of the numbers that were contained in the financial report for the first quarter of the year.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $63 thousand<\/li>\n<li>current assets: $127 thousand<\/li>\n<li>current liabilities: $5.4 million<\/li>\n<li>revenues: $199 thousand<\/li>\n<li>net loss: $2 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>While those numbers look pretty terrible there are still other things that are disturbing. Some time ago it turned out that a district court in Beersheva, Israel has appointed a temporary liquidator for Spondoolies, a company that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a><\/strong> has been having plans of merging with, even putting 12 million shares in escrow.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a><\/strong> has also lowered the exercise price of an impressive amount of warrants, a matter which we discussed in more detail in our previous article. These things are exactly the reason for which it doesn&rsquo;t surprise us that the ticker dropped another 12.31%, closing at $0.057 per share yesterday, even after it started off rather well, climbing 5.71% in early trading.<\/p>\n<p>&nbsp;<\/p>\n<p>Considering all this and doing your own due diligence should precede any trades involving <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BTCS\">BTCS<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After going up and down the charts throughout the first half of this year we saw BTCS Inc (OTCMKTS:BTCS)&rsquo;s stock take a more firm direction. Unfortunately for some, the direction that the company stock&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1292],"class_list":["post-8096","post","type-post","status-publish","format-standard","hentry","category-news","tag-btcs"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=8096"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8096\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}