Bots Inc (BTZI)

[lesgetrich]

At 1:15 of Robert Kressa's CC transcript, he mentioned a backlog of $7 million. He only mentioned Sin City and Green Leaf by name. And, he confirmed MCIG is only managing Solaris (at 0:40)

Another example of misinformation and misdirection. Yes, Robert Kressa, speaking as CEO of mCig's Grow Contractors subsidiary, says that they currently have a backlog of approximately $7 million in contracts. The $10 million in order/contract backlog is in reference to the entire mCig corporation which includes VitaCig and other products and services. VitaCig alone has over $2.2 million under contract for each of the next three years. There's another $700,000 which one of their largest customers (probably JCP wholesale) had left on their contract and has now agreed to honor after they were threatened with legal action. This was alluded to in a previous CC and confirmed to me by Paul.

As for only being paid to "manage" Solaris, this is one of the most ludicrous charges of all. Listen to the CC tape again carefully. Kressa, in introducing himself to shareholders and describing his current and past experience says "I've owned and operated my own grow facility...and I'm currently contracted to staff and manage the Solaris project" presumably once it's operational. I think we can safely assume that this will now be done as an employee of Grow Contractors and means additional revenue for mCig.

As I've repeatedly pointed out, anyone familiar with the construction industry knows that general contractors are project managers. They estimate costs, tack on a profit and submit bids to build the facility. All construction costs flow through the general contractor who hires and pays sub-contractors where needed. mCig is the general contractor and project manager for Solaris and all of it's other projects. Grow Contractors is their subsidiary and sub-contractor. The contracts are all between the customer and mCig. mCig says they are being paid a guaranteed 10% profit on all construction and will realize additional revenues from consulting, staffing, operations management and other services. All construction costs are paid in advance by the customer on a monthly basis so there is little to no risk to mCig. The first phase of Solaris begins this month and is estimated to have a value of over $3 million for construction alone.

There is absolutely NO MENTION of MCIG negotiating for a NV MME Certificate in any of the 3 CC recordings by Kressa (construction), James (vitacig), and Southard (CBD).

So what? That's completely irrelevant. Paul decided to release that info a few days later in the PR...

mCig On Track For Best Quarter In Its History

- MCIG in negotiations to acquire Medical Marijuana Establishment ("MME") licenses in Nevada...

- MCIG model considers acquiring, growing, incubating, operations in the cannabis space, with the ultimate intention to spin-off as it did with VitaCig, now Omni Health, Inc.

Looks like 3 of 6 construction projects are DEAD. No revenues from 3 DEAD construction projects.

Absolutely zero evidence for this. Even if you somehow managed to find evidence of some cancelled project it's totally irrelevant in light of the fact that they now have $7 million in current signed construction contracts.

Green Leaf is a trade for marketing services only.

Total fantasy. That contract provision only covered consulting services on phase one of Green Leaf and not the construction itself. In any event, the contract was rewritten when PNTV got further funding and expanded the scope of the project. There is no longer any trade for services.

Rollie's MJ Cigarettes is CURRENTLY DEAD - and, it is so unlikely that any MME Certificate will be purchased. MCIG would be required to take on debt and/or dilute. FACT.

Rollies is alive and well and will be a major component of mCig's revenues by the end of this year. Release of the product and services was delayed when the machine they were planning to use last summer couldn't do the job. A new machine is currently in testing and, if the tests are successful, we'll see a release shortly. In the meantime, the appreciation of mCig's pps since last summer makes it more attractive for mCig to purchase a Nevada MME license. While they have the option to use their Omni shares, it may make more sense to just issue additional mCig shares.

Shareholders must keep in mind that not all share issues are dilutive. If a company issues $10 million worth of it's shares to buy another company that's worth $12 million, it actually adds $2,000,000 to the value of the company. This is called accretion as opposed to dilution and increases the value of each share. If a company issues shares to do a merger or acquisition that brings in more value than the value of the shares issued, then it is not dilution but accretion of shares. The value of each of your shares increases. For example, if you buy a million dollar home at auction for $600,000 cash, you've actually increased your net worth by $400,000, but if you pay $1.2 million your net worth would go down by $200,000. It's the same principle with your shares.