Bitconnnneeeect
8.2K posts

Bitconnnneeeect
@Bitconnnneeeect
Calling out crypto scams and embarassing shills since 2017
Joined Nisan 2022
578 Following204 Followers

@MagnumPine @PopAndMags @Theta_Ron @Theta_Network @ashleymadison Magnum you can't afford an Ashley Madison account because you invested in #Theta
English

@Theta_Ron @Theta_Network @PopAndMags Damn. I guess I’ll have to get an @ashleymadison account now just like the rest of you icels and just like CEO of Theta Labs Mitch Liu…the same Mitch Liu being sued for sex discrimination and whistleblower retaliation.
Where are the Feds at? Market manipulation of POG coin?
English

@kturet @RodAlzmann Rod will be disappointed. He doesn't hold enough influence to get a personal buyout. There's a random guy on reddit who has 4 million shares that won't get the time of day so what's his 2 million shares going to do? Podcast appearances and whining on X doesn't move the needle.
English

@Bitconnnneeeect @RodAlzmann @RodAlzmann said he believes $MAPS, left alone, would run to $2.50.
He's trying to pressure insiders to buy him off and make him go away.
The remainder of the retail base are getting hosed. Perhaps we'll get a crack at compensation through a class action.
English

@RodAlzmann spent the last several years shilling $MAPS and now when his thesis blows up and everyone who listened to him got rekt, he disappears on X. This is why you don't take financial advice from any self-professed "expert" on social media.

English

@XPRTHETA Translation: someone please buy my bags. I've waited two cycles and I've reached rock bottom.
English

@XPRTHETA I know your portfolio is lightweight after investing in Theta and XPRT. Tell me something I don't already know.
English

@MagnumPine @THETA_ECOSYSTEM @CAVENDISH8888 @Larry63204614 @PopAndMags @URP_crypto @HumbertCrypto @fka_Sheriff Did he really make up the entire transcript? Lol
English

Guy whose username is @THETA_ECOSYSTEM (Theta underscore ecosystem) keeps saying he’s not a Theta Shill, shares a fake transcript from the Theta AMA for things that were not said at all.
He should be ashamed for posting lies. Watch the AMA yourself and compare it to this dogshit
GIF
English

@Corp_Raider99 @sykeone @kturet @RodAlzmann @mister_z999 @MrMojoRisinX Actually I have zero shares of $MAPS because I'm not dumb money. I never owned any $MAPS shares either. Thank you for your attention to this matter.
English

@Bitconnnneeeect @sykeone @kturet @RodAlzmann @mister_z999 @MrMojoRisinX he has real skin in the game .. you have 400 shares … stop crying and go back to work
English

I received several messages this morning on that other platform (subbbbbb.....st*ck) about ticker $MAPS.
I am not that familiar with this company/stock, but I have heard a pitch and recall the insiders attempting a management led buyout in the past. I am not involved and am very unlikely to get involved directly as I am pretty busy with some other mandates that involve constructively working with c-suites to effectuate change.
If I understand this correctly, $MAPS runs a two-sided cannabis technology platform. Weedmaps connects cannabis buyers to licensed dispensaries on the consumer side. WM Business sells SaaS tools including menu management, CRM, loyalty programs, and delivery logistics on the merchant side. Revenue comes from monthly listing subscriptions and advertising placements. Seems like there are potential buyers for this business ranging from DASH, UBER, GoPuff, perhaps even direct competitors like YELP, and then distressed PE who would likely restructure the business, clean it up, wait for rescheduling catalyst, and then flip to a strategic partner. Jack Dorsey and Block are also interesting here given Block's existing presence in the payments and POS space for small merchants, and cannabis dispensaries are exactly the kind of underserved merchant vertical that fits that thesis.
So today, MAPS surprised its holder base with not another take private proposal but instead announced it would voluntarily delist from Nasdaq and move to OTC markets. The company plans to file a Form 15, which terminates its SEC reporting obligations entirely, and the last day of Nasdaq trading is expected to be April 24, 2026. Btw $TOKE owns 800k shares and is also liquidating so they probably exited their position today in this 50% downdraft (12mn+shares have traded).
Again, I am new to this situation, but this looks coordinated and frankly well thought out. The MAPS board was almost entirely replaced in the months prior to this announcement. Three new directors were appointed between February and March 2026, all with ties to the founders or cannabis private deals. Scott Gordon, the most prominent independent voice and former CEO of the SPAC that took MAPS public, resigned one day before the delisting was announced. The company also switched auditors four days before the announcement.
Co-founders Doug Francis and Justin Hartfield control roughly 40% of the combined voting stock. Francis is now both CEO and Chairman. They previously attempted a take-private bid at $1.70 per share in late 2024 but withdrew it in June 2025 after a special committee was formed to evaluate it.
I want to be careful here, but this is how I see the alleged strategy. By delisting before making any formal bid, the founders avoid triggering Delaware's "Entire Fairness" review standard, which would require a fairness opinion from an investment bank that would almost certainly highlight the gap between the $62 million cash position and the market cap. Once the stock drifts to pennies on OTC with no institutional coverage and no SEC filings, they can make a lowball offer and claim they are paying a premium to the OTC price. They then wait for federal cannabis rescheduling or banking reform and sell to a strategic buyer at a massive multiple.
From there, a Nevada reincorporation becomes the logical next move for bad actors who want to finish the job, and I have written about this playbook before in tweets and Inside Mojo. Delaware allows lawsuits for breach of the duty of loyalty. Nevada requires proof of intentional misconduct or fraud, a much higher bar. With founders controlling 40% of the vote and institutional holders likely exiting, pushing through a reincorporation vote becomes realistic. If these guys are as calculated as this looks, that is likely already on the whiteboard.
Which is why anyone considering action needs to move with urgency. Once they go dark and reincorporate, the legal window closes pretty fast.
On what shareholders can actually do today: the most actionable path is social media pressure combined with finding a white knight who believes in this business and can move quickly. And critically, a legitimate acquirer does not need to go through this board. A formal tender offer goes directly to shareholders and requires public SEC filings, meaning an interested party could bypass the board entirely and take an offer straight to holders before April 24. Any bidder crossing 5% ownership also triggers a mandatory Schedule 13D filing, so this does not happen quietly. The window to make that move while MAPS is still listed on Nasdaq is two weeks. The legal paths, breach of fiduciary duty and securities fraud tied to the prior MAU misrepresentation, a matter they have already settled once, are real but slow and expensive. If a formal merger or squeeze-out eventually happens, Delaware appraisal rights allow dissenting shareholders to demand a judicial valuation, but that is a years-long process. The white knight angle is the one worth pursuing hard and fast.
Anyone seriously looking at this, feel free to reach out.
English

@1_adoy A lot of people resigned when the stock options became worthless due to the delisting. This is them replacing the people who are looking for greener pastures.
English

$maps
time for offense?
20 jobs posted last few days, many last few hrs
linkedin.com/company/weedma…
adoY^-1@1_adoy
"Sometimes you eat the bar, and sometimes, the bar, well, it eats you" well played by mgmt - strengthens biz and makes for easier takeover
English

@sykeone @kturet @RodAlzmann @mister_z999 @MrMojoRisinX He went online to pump his bags. It's a common occurrence in the world of crypto. A simple apology for being Shill Prime for $MAPS right before what will be a 90% drop in stock price would go a long way with his followers.
English

@kturet @RodAlzmann @Bitconnnneeeect @mister_z999 @MrMojoRisinX What do you want him to do? He's on a public platform just putting out his opinion and thoughts and reasoning why he doing what he is doing. Personally whether he is successful in his endeavor its been pretty educational on his process.
English

@MagnumPine Is he wearing a bullet proof vest like last time? Lol
English

Mitch answering a question about the lawsuits referring to Jerry and Andrea as “Disgruntled Ex Employees” while wearing a hairpiece.
#ThetaLawsuits #Scamville2 #MitchIsCooked
English

@RodAlzmann @Bitconnnneeeect @mister_z999 @MrMojoRisinX You need Virginia to legalize rec weed before you can find an attorney to seek an injunction or at the very least, mount a class action?
Mojo suggests $MAPS investors don't have the luxury of time.
English

@kturet @RodAlzmann @mister_z999 @MrMojoRisinX He may be worried about his own legal liability for shilling $MAPS so hard on X and YouTube.
English

@RodAlzmann @kturet @mister_z999 @MrMojoRisinX The irony is that because you went and shilled $MAPS so hard lately you may be the target of lawsuits from angry investors who just took a 50% haircut within 48 hours of you promoting $MAPS. I'm not a holder of the stock, I'm just here to be a fly on the wall of this trainwreck.
English

@mispricedrisk @RodAlzmann Um, the thesis was wrong. Even Stevie Wonder could see what management was planning to do since late 2024. You played with fire and got burnt.
English

@RodAlzmann The thesis wasn't wrong. Management action actually validates the thesis.
It's a travesty what's happening. Robbery in broad daylight $MAPS
GIF
English

@pcbarber @RodAlzmann He's probably too sick to post about it.
English




