Bots Inc (BTZI)

[lesgetrich]

Asyp, pointed out that 47% of the VitaCig revenue in this case (they were going to keep 49% back then but I think 2% went to the new VCIG CEO and employees) would be reported by MCIG (see his post # 36445 and follow the threads) and that 100% would be reported by VitaCig. That 47% of VitaCig's earnings will also be included in MCIG's Earnings Per Share (EPS) calculation but will not be taxed as the taxes on 100% of the earnings will have been paid by VitaCig.

Consequently, not only does MCIG gain a new asset (247,000 VCIG shares) which will trade at it's own PE multiple pps, but it still get's to record 47% of VCIG's earnings and avoid the tax expense. For those asking why they split off VCIG, this provides plenty of justification. Seems brilliant to me

I'm not sure if the financials that are due next week will be reported this way since the effective statement came after the end of the quarter but it should apply to the following 10-Q in March.

BTW Asyp is a CPA