Investigation Overview
September 5, 2017 (Shareholders Foundation) - An investigation on behalf of investors of FIRST BITCOIN Capital Corp (OTCMKTS:BITCF) shares over potential securities laws violations by FIRST BITCOIN Capital Corp (OTCMKTS:BITCF and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of FIRST BITCOIN Capital Corp (OTCMKTS:BITCF) concerning whether a series of statements by FIRST BITCOIN Capital Corp (OTCMKTS:BITCF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 23, 2017, the U.S. Securities and Exchange Commission temporarily suspended trading in the securities of FIRST BITCOIN Capital Corp due to concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCFs assets and its capital structure.