Blue Hat Interactive Entertainment Technology (BHAT) Noticias

Blue Hat was formerly a provider of communication services, as well as a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China. Leveraging years of technological accumulation and unique patented technology, Blue Hat is expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

think the haircut is done.

REVERSE SPLIT 1-100 effective march 17
time to unload before another 50%-99% haircut

1-100 wipeout again :( how does nasdaq keep allowing these POS to get away with this?

down she goes

that SUX

RS news-- 3/17-- 1 for 100

8m late day sell

late day sell-off

flipping continues-- desperate traders for beer money.

not going to move up today

couple bigger last minute closing trades-- good sign! IMO we are still going to move tomorrow! GN

moved up some before a/h close. maybe she…..

…

spikes nicely tomorrow? we shall soon see.

yup, very good. i found ……


….


this on bar charts and really like it.

lets do this!

and its larger trades- good sign

broke .041

its trying to move up now.

ask looks thin-- no large sell trades showing.

its down on low volume, any buying will move it up.

looks like 17% day traders taking gains-- did not see anything else.

what happened??????????????? looking for new info- will post if anything is found

this was brought down on low…..

…


volume compared to earlier. lets see a bounce today or tomorrow.

break time- wow what a morning!

largest vol for a month

mid-day churn! would like to see mid .06X for 100%

Hi GMS and all. Past runs show…..

…..

that this one keeps going so im hopeful for new highs today or tomorrow.

morning churn before the next leg up

time to jump back in-- lets do it again

huge volume - nice gains...will take a break but will uptrend imo but i could be wrong

may hit .07 today-- tapped .06- triggered sells

big pump on X

The pump?? 30% so far

interesting close- almost even for the day

still hold a few- got most out at even-- think it will pop before the rs-- many have risen just before its implemented

did you get out whole?

not posted yet== date or ratio

when will r/s take place?

agree

Pretty much indicating it could be at any time....but perhaps they might want to get the price up for a better split over a dollar as much as possible or so they won't have to split as much scenario.
the ratio has not been released - nor the date: https://dilutiontracker.com/app/reverse-split

the ratio has not been released - nor the date: https://dilutiontracker.com/app/reverse-split

agree- many have done that before the RS

They might run it up for you prior to announcing split....more so of what they already have.

had a power outage- looking now

Watching.
anyone still here?

yes- obviously insiders knew on Friday. this is BS. IMO the bottom has already passed- up from here.

Guess the price told us this was coming 

AS increase and RS APPROVED-
On February 28, 2025, the Company held a 2025 Extraordinary General Meeting of Shareholders (the “Meeting”) for discussion and approval of two proposals. A quorum was present at the Meeting as required by the Second Amended and Restated Memorandum and Articles of Association of the Company. The final voting results for each proposal submitted to a vote of shareholders at the Meeting are as follows.



1. A proposal to approve the share capital of the Company increase from “US$5,000,000 divided into 500,000,000 ordinary shares of US$0.01 par value each” to “US$500,000,000 divided into 50,000,000,000 ordinary shares of US$0.01 par value each by the creation of an additional 49,500,000,000 ordinary shares of a par value of US$0.01 each to rank pari passu in all respects with the existing ordinary shares of the Company with immediate effect (the “Authorized Share Capital Increase”).


For Against Abstain
259,053,995 7,546,611 322,646


2. A proposal to approve a share consolidation of the Company’s ordinary shares, par value US$0.01 each in the authorized share capital of the Company (including issued and unissued share capital) at a ratio of 50-1 or 100-1, with the exact ratio to be selected at the sole discretion of the Company’s board of directors, at the time when it deems in the best interests of the Company and its shareholders, which shall be on or before a date that is in compliance with the Cayman law (the “Share Consolidation”).


The following resolutions was put to the shareholders to consider and to vote upon at the Meeting:



“IT IS RESOLVED THAT immediately following the Authorized Share Capital Increase, the following resolutions shall be approved as ordinary resolutions of the Company, and subject to and conditional upon that the Board determining which of the below resolutions is to be effective:



(A) Every 50 ordinary shares of par value of US$0.01 each in the authorized share capital of the Company (including issued and unissued share capital) be consolidated into 1 ordinary share of par value of US$0.5 each, and following such consolidation the authorized share capital of the Company is US$500,000,000 divided into 1,000,000,000 ordinary shares of par value of US$0.5 each, with such consolidation to be effective on such date as determined by the Directors which date must be on or before a date that is in compliance with Cayman law; or


(B) Every 100 ordinary shares of par value of US$0.01 each in the authorized share capital of the Company (including issued and unissued share capital) be consolidated into 1 ordinary share of par value of US$1 each, and following such consolidation the authorized share capital of the Company is US$500,000,000 divided into 500,000,000 ordinary shares of par value of US$1 each, with such consolidation to be effective on such date as determined by the Directors which date must be on or before a date that is in compliance with Cayman law.”


For Against Abstain
259,996,680 6,709,101 217,472


Pursuant to the foregoing votes the Company has obtained the shareholders’ approvals to effect both the Authorized Share Capital Increase and Share Consolidation.

Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), today announced that on January 24, 2025, it has received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying that the Company is not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days from January 8, 2025 through January 23, 2025. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market (the “Delisting Determination”).
As previously reported, on September 6, 2024, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until March 5, 2025, to regain compliance with this rule. The Delisting Determination ended the aforementioned compliance period before its expiration because the Company’s stock prices have triggered the Low Priced Stocks Rule. The Company was provided until January 31, 2025 to request an appeal of the Delisting Determination to the hearing panel.

The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market.

If the Company fails to request an appeal of the Delisting Determination by January 31, 2025, trading of the Company’s ordinary shares will be suspended at the opening of business on February 4, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including seeking shareholders’ approval for a reverse stock split.

did I interpret the delisting report wrong-- do they have until 3/5 to regain a PPS of $1 or get removed from the nasdaq?