Bots Inc (BTZI)

[lesgetrich]

The preferreds are the only shares that are convertible. Only one million shares have been converted so far into 10 million common shares. Six million of those are owned by Paul, and I'm sure he converted those to replenish his personal account of commons which he depleted over the past quarter with expenditures for mCig. All share compensation, apart from executive bonuses which won't be due until next April, is paid at current market prices.

While Paul may have benefited with a $75,000 payment for a URL he owned, he has taken no salary for three years. Instead, he gave back 50 million of his personal shares to the company which wiped out virtually all the dilution of the past year. He even paid mCig $20k to buy back spoiled inventory. He's repeatedly used his own shares during the past three years to pay company expenses. People are accusing him of scamming with absolutely no evidence but there's plenty of evidence to prove the contrary.

Paul's 50 million share return essentially gives mCig a fresh start. Going forward, the company is in much better shape than it was last quarter.