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  4. Bit Brother Limited (BETSF) Message Board

Company Responses To Shareholder Questions - May 9

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Post# of 1001
(Total Views: 258)
Posted On: 05/09/2024 11:37:09 AM
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Posted By: AJH92
Company Responses To Shareholder Questions - May 9, 2024

"Dear investors, thank you for your attention and support to the company, and reply to the relevant questions as follows:

The shareholders' joint letter was not accepted by Nasdaq because the number of signatures was not enough and did not meet the requirements, but the company is still seeking all available plans and methods with the help of the listed company's advisory law firm to return to the Nasdaq Capital market as soon as possible.

The operation of the Site2 has been delayed due to uncontrollable factors such as weather and transportation accidents, but it is expected to be put into operation by the end of next week.

The deal for Site3 is still under negotiation.

Thank you for your interest in our company and your investment in our stock.

We understand your expectations and concerns regarding share buy-back. However, the decision to buy back shares involves a number of factors such as the company's financial health, operating strategy, and long-term growth. We need to fully consider these factors in order to make decisions that are in the best interest of the company and all shareholders.

At present, we are actively studying and evaluating various possible strategies, as well as various ways of working on capital. We firmly believe that only the long-term and stable development of the company can bring greater benefits to shareholders. We will continue our efforts to improve the company's performance and improve shareholder returns.

We look forward to your understanding and support in this process.

We will seriously consider your suggestions, and if there is a share buy-back plan in the later stage, we will make relevant announcements in a timely manner as required.

The stock price in the secondary market is affected by multiple factors such as the macroeconomic environment, industry policy adjustment, capital flow stage, financial market situation and the company's own fundamentals.

At present, the company's production and operation conditions are good, and the Bitcoin market is showing an amazing and stable development trend.
In the future, the Company will continue to do a good job in operation and management, strive to improve profitability and achieve sustainable development, in order to promote the steady growth of the company's value.

The specific information is subject to the company's subsequent disclosure announcement, the company will strictly abide by the rules and regulations of information disclosure, timely and accurately fulfill the disclosure obligations.

The Antminer S-19k Pro uses a new generation of ASIC chips with up to 120T of hash-rate, which can process a large amount of data in a short period of time and improve mining efficiency, it is one of the most powerful mining machines on the market today. At the same time, it has a power consumption ratio of 23J/T, which has high energy efficiency."


Above found by another trader on a $BETSF-specific forum & originally copied to iHub May 9, 2024


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