A press release (first in years) was released this morning. The news (visible below article) announces a new CEO named Gary McHenry and a new law/accounting firm. “In the coming weeks, investors can look forward to updates on MCTC additional filings, updated status information, as well as news about the new direction the company is headed.” Leads us to believe much more shall be revealed about the company, but what’s more exciting is when you go to their website http://mctc.co and see a big “BITCOIN” background.
Investors want in anything related to cryptocurrency, especially Bitcoin or Litecoin these days. They are treating this one as a gamble or LOTTO type play because there is so little info but, could be a huge reward–sorta like a surprise?
Due to the lack of info OTCMarkets has them with the “CE” and wear the skull and cross bones, but this is not scaring away investors. OTCMarkets is NOT the only financial website to get a price quote and its not like its on the grey sheets and can see a bid/ask on level 2. Filings are supposedly coming and that will help with the negative current status.
So what else do we know? An ihub board member did reach the company (CEO) and did confirm, bitcoin was involved, and the share structure. The AS is 300 mil, the OS is 53.8 mil and the float is 15.6 mil.
So, for investors, the excitement lies in just what they are holding. Will MCTC be in the blockchain business? Mining bitcoin like INTV and MGTI? Will they be consulting? Are they the next BTSC or DIGF? We will have to wait to find out and at $0.0312 (+1200%) on the day, investors are praying for something good..anything good! Even at .03 and 50+ mil OS… their market cap is only $1.5-1.6 million… which is very low for this sector if in fact they have a solid business plan and assets.
Here is today’s news:
Microchannel Technologies (OTC PINK: MCTC) Announces Gary McHenry as New CEO
FORT LAUDERDALE, FL / ACCESSWIRE / December 12, 2017 / Microchannel Technologies (OTC PINK: MCTC) is pleased to announce Gary McHenry as the new CEO, and Boyle CPA, LLC (“Boyle”), of Bayville, New Jersey, as the new independent registered public accounting firm. It is the stated intention of the company to proceed with the necessary steps to bring Microchannel Technologies fully current with its filings and bring news of its progress and other changes to shareholders.
In the coming weeks, investors can look forward to updates on MCTC additional filings, updated status information, as well as news about the new direction the company is headed.
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company’s current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Visit our website at http://mctc.co/.
For more information, contact Investor Relations:
954-551-7701
SOURCE: Microchannel Technologies
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