Bots Inc (BTZI)

[lesgetrich]

Paul had to move quickly to acquire 420Cloud. Cloud and Big Data technology are the hottest items in computing today as more and more companies are moving into adoption. Google and other companies are investing millions in this area. The MegaUpload team could have easily found a place with a larger company.

In the meantime, Paul was getting multiple offers from cultivation facilities for partnerships and/or acquisitions. He came very close to signing a deal back in February. He held back because of uncertainty about Attorney General Sessions' intentions. Any acquisition will more likely involve stock rather than cash just like the 420Cloud deal, so arguing about where he should have spent money is ridiculous. Paul is being very careful in making sure that any acquisition will have to add more value and/or revenue than the value of stock issued or exchanged so it will end up being accretive rather than dilutive.

Doing DD on acquisition targets takes time and sometimes, the negatives you find outweigh the positives. Contracts also take time to negotiate and close, in the meantime business conditions can change. If Paul acquires or partners with a cultivation facility it will probably be mCig's biggest investment to date. I'd rather they take their time and do it right than rush into something that could drain their profits for the next several years. JMO