Bots Inc (BTZI)

[lesgetrich]

Sorry Cash, I wasn't trying to single you out but it was meant as a more general comment about all the complaints we've been seeing. However, your statement...

They can't afford to hire employees, and have to make accommodations with shares, but yet have no problem racking up thousands in late penalties.

...needs to be challenged. I've researched this before (post # 70221) and couldn't find anything about any monetary late penalties. In fact I couldn't find any penalties at all other than the potential delisting of the company. Check the following link...

Frequently Asked Questions About Periodic Reporting Requirements For US Issuers Overview

Does the failure to file periodic and current reports on
time or at all subject the issuer to liability?

Yes. The failure by a Reporting Company to file a
required annual, quarterly or current report constitutes
a violation of Section 13(a) or Section 15, as applicable,
of the Exchange Act and subjects the issuer to potential
liability. The SEC could institute administrative
proceedings against the late filer seeking revocation of
its registration under the Exchange Act. These
proceedings by the SEC are uncommon though,
and typically aimed at recurring and egregious violations.

..."administrative proceedings" typically means something other than cash penalties. Other liabilities include restrictions on the ability to file certain other reports, such as registration of stock based employee compensation, which are all cured once the 10-Q is filed. There is nothing there that would have any immediate or long term effect on MCIG of VTCQ