We hope to add some new members to our team from the Southeast Asia/China region and will keep shareholders updated on the events as they progress. XTRA is engaged in negotiating terms, hoping to secure growth funding, financial stability, and long-term shareholder value. Most of these investors are from China, Singapore, Malaysia and Korea. We have had many outside investors contact us regarding investing and working with us developing bitcoin mining. Bringing filings current and removal of the OTC STOP sign is important to lenders and investors who want to participate in funding our bitcoin mining business. Management is confident that the FINRA requested documentation and audited financials can be provided in the next 30 to 60 days and has therefore opened financing discussions with several investors and leased additional electrical capacity to bring our project from 2.5MW to 10MW. After FINRA, bringing filings current on OTC to remove the STOP sign is a prerequisite condition to obtaining funding. Complying with the FINRA requests is the required first step towards bringing our filings current. (OTC PINK:TCEL) XTRA’s management is assembling the documentation requested by FINRA in response to our corporate action notification regarding merger and name change. We will be communicating thru OTC Market filings, Press Releases, our website and on Twitter.XTRA Bitcoin Inc Opens Financing Negotiations, Increases MW Capacity 400% and Continues Documentation Process with FINRA to Bring Filings CurrentįRUITLAND, ID / ACCESSWIRE / Aug/ XTRA Bitcoin Inc. Our priorities are profitable operations, increasing shareholder equity and growing our PPS. We are actively seeking expansion funding to build-out XTRA’s bitcoin mining capacity, with goal to qualify for an OTCQB or possibly NASDAQ future listing.
XTRA is positioned for long term growth mining on the bitcoin blockchain. Management is working diligently to establish open lines of communication with our loyal shareholders during our transition into a bitcoin mining company and bringing our filings current on OTC Markets. President’s message: Change is always disruptive. XTRA increased its leased capacity from 2 to 2.5MW.
#Tcel xtra bitcoin series#
XTRA Bitcoin Inc (TCEL) as the Surviving Corporation will issue a total of 100,156,560 (2,503,914 times 40) freely trading common shares (valued at $0.00025 at time of merger) to the minority old XTRA equity shareholders, and 276,050 (6,901,253 times 40/1000) shares of restricted Series E Preferred stock to various old XTRA equity holders controlled by Surviving Entity director/president Paul Knudson, and 193,236 (4,830,888 times 40/1000) shares of restricted Series E Preferred stock to old XTRA equity holder controlled by Surviving Entity officer Mary A Veatch. Therefore, Section 2 Conversion of Shares, Section 2.2 is hereby amended in its entirety to read: 2.2 XTRA Bitcoin Inc (TCEL) common stock. The old XTRA Bitcoin shareholders have 14,236,055 shares at $0.01 valuation at time of merger in the form of 2,503,914 freely trading shares held by minority shareholders, 6,901,253 restricted shares controlled by Paul Knudson, and 4,830,888 restricted shares controlled by Mary A Veatch. Therefore, the old XTRA Bitcoin Inc shareholders and the new XTRA Bitcoin Inc (TCEL) Board of Directors have agreed and determined that it is in the best interests of XTRA Bitcoin Inc (TCEL) to cancel the Reverse Split described in Section 2.1 and instead, consummate the merger by issuing 40 shares of TCEL common stock for each share of the old XTRA Bitcoin Inc. Therefore, the proper formula for Conversion of Shares will be to conform the shares of the old XTRA Bitcoin Inc to the valuation of common shares of Therapy Cells Inc, as the surviving corporate structure without conducting a Reverse Split of TCEL common shares. Upon further review, management has concluded that this is a mistake as Therapy Cells Inc is the surviving corporate structure. The terms of Exhibit “A” of the Agreement and Plan of Merger under 2.1 provided a formula for Conversion of Shares “to facilitate a merger of equals” that described a Reverse Split of Therapy Cells’ issued and outstanding common shares to match the $0.01 valuation of the old XTRA Bitcoin share structure. Under the Articles of Merger filed Jwith WY Secretary of State, Therapy Cells, Inc is the surviving corporation and was re-named XTRA Bitcoin Inc.
Therapy Cells Inc (OTC PINK: TCEL) has successfully merged with XTRA Bitcoin Inc and changed its name to XTRA Bitcoin Inc (OTC PINK: TCEL). REGISTERED in WYOMING as XTRA Bitcoin Inc. Therapy Cells Inc is the surviving entity and has changed its name to XTRA Bitcoin Inc (OTC PINK: TCEL) has successfully merged with XTRA Bitcoin Inc. Name Change, Merger Complete, Cancel Reverse Split, Officer Change, TwitterĬHEYENNE, WY / ACCESSWIRE / J/ Great news shareholders of $TCEL and $XTRA.
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