Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Republicans, for the past 75+ years have repeatedly run campaigns against Democrats by portraying them as Socialists or even Communists. While these charges have never been born out by more than isolated attacks against certain individual Democrats or cherry picked spin regarding some policy recommendations, isn't it now high time to examine whether Republicans have actually fully evolved into a Fascist party?
I don't disagree with you but it's not surprising given that they had no revenue and were trying to rebuild their business plan from scratch. Most of that was a paper loss that came from stock based compensation for the new management.
If these imaginary "partner companies" were subsidiaries, their income and expenses would be part of mCig/Bots' financials so again the independent auditor companies would have to be in on your imaginary scam. If they were partially owned by mCig/Bots, that would have to be disclosed to the auditors If they were independent companies they would also have to be disclosed as related party transactions if they benefitted mCig/Bots management.
Moreover, the latest 10-K includes the following statement...
Family owned businesses and relatives have to be included on the SEC forms. Several of Mike Hawkens Forms show beneficial family owners. Shifting funds from one company to another doesn't net you any personal profit and it's all recorded in the financials. Like wow, the company really enriched Paul by writing off his loans in exchange for the desert land mCig owned in California City.
So please explain to me exactly how this purported scam resulted in millions in personal gain to Paul which we haven't been able to find anywhere in the financials. Also, tell us how these hidden scam proceeds, that no one can explain, were greater than the losses Paul would have realized in the past week on the millions of shares he owns or the taxes he would have had to pay when he exercised warrants or reported his share awards?
I'm real tired of people screaming scam every time a company's share price goes down without ever having to explain precisely how they were "ripped off".
The stock actually is tradeable. It's quoted now by several different market makers. They just need to remove the CE (Caviat Emptor) designation. It is now trading in the Pink - Current Information Market...
OTC Markets - Caveat Emptor Policy
You're right cash. A lot of companies got their wings clipped by this rule change, but, ultimately, I think this is a good thing for the market. Investors will have more information to base their judgements on.
The Expert Market is a subset of the Over The Counter (OTC) market...
OTC Markets 15c2-11 Resource Center
They obviously intend to remove the CE designation and someday perhaps move to a major exchange. To have any hope of doing so they have to play by the rules and file all required reports.
The form is required by the SEC to publicly request an extension. They're just playing by the rules.
Thanks for the info cash. I saw it a couple months ago but when nothing happened on the 28th I forgot about it.
It looks like OTC Markets put it on the Expert Market because it's delinquent in its filings. However, that seems strange since they just caught up on their 10-K and they're currently only delinquent for one quarter. Usually that doesn't lead to this kind of penalty.
Moreover, my trade history on TD Ameritrade's ThinkOrSwim shows it currently trading at $.07.
I think most long term shareholders view the company like a startup since they restructured and overhauled their business plan in 2020. This was complicated by the Covid pandemic. I'm giving them a pass thru the rest of this year. I'm hoping we'll see some revenue by the 2FQ22 10-Q in December, but expect we'll start seeing a significant ramp up beginning in 3FQ22 (thru 1/31/22). However, if they win a royalty challenge in court, the pps could skyrocket very quickly.
I think you folks are reading too much into this filing. They filed their last Financial report for the period ending 6/30/21 on 7/29/21. This filing is simply a notice that the next report (thru 9/30/21), which would normally be due on 11/15/21, is going to be submitted late, but within the allowed extension period. I don't think it has much to do with removing the trading restrictions or that could have been done anytime since 7/29/21. They've been current on all their financial filings up to this point.
LOL The risk factors are mostly boilerplate language that's included on every one of their financial reports because it's required by the SEC. Check any company's financial statements and you'll find the same thing. The SEC requires that every company describe the worst things that can happen to the them on their financial reports as a warning to shareholders. I usually just skip over that section on a company's reports because there's risk involved with buying shares of any company and I don't need to be told that if they don't sell their product or service they will probably go out of business.
What's encouraging is that they've finally released the report and, so far at least, their pps hasn't tanked. Now they still have to submit their financials for 1FQ22 (thru 7/31/21) and 2FQ22 (thru 10/31/21). Their 1FQ22 financials would bring them current. Their 2FQ22 10-Q is due in mid December.
The annual 10-K for FY2021 (thru 4/30/2021) has finally been published. I've previously written, and I believe most shareholders expected, that there would be little to no revenue for the company to report for FY2021 due partially to Covid and to the fact that the company completely overhauled its business plan. The 10-K met this expectation. The bright spot was as expected, a growth in assets due to the acquisition of the company by First Bitcoin, from $915,934 in FY 2020 to $6,787,112.
BTZI FY 2021 10-K
I've never claimed to be infallible, however, we did see some price movement beginning near the end of that quarter (1FQ22 ended 7/31/21). The pps went from under $.04 to over $.08 before retreating a bit and then eventually going to over $.18 in October. So technically I wasn't wrong.
Based on the number of Crypto ATM's currently installed in the US (27,372), the potential revenue in the US alone is...
BOTS INCORPORATED COMPLETES I.P. PORTFOLIO OF BITCOIN ATM PATENTS; WILL PROCEED LICENSING TO THE INDUSTRY: PROJECTS $30 MILLION IN YEARLY REVENUES.
I don't recall predicting a specific target revenue date. I believe at one point I may have said that I didn't expect to see much revenue from the ATM patent until at least this fall because of how long it would take for any legal challenges to work through the system. 2FQ22 ended on October 31, 2021 but those financials aren't due until mid December. We might see some revenue from rig repair and mining in that quarter but I think there would have been an announcement if Bots were getting patent revenue by now.
I'm more hopeful that the 3FQ22 financials (thru 1/31/22 due in mid-March) will show some significant revenues. Shareholders have waited patiently this long, I don't think they're ready to abandon the company yet.
Folks, just a month ago BTZI was trading at roughly $.045/share, that's a 100% massive profit.
Enough said
*** This is not a recommendation to buy or sell. You should use your own judgement. Past appreciation/depreciation in price is not an indication of future performance. ***
Agreed, they just need to be able to sell it.
Nobody wakes up one morning an says I'm going to invent some new "woke" policy or cause. "Woke" is just a trope that Republicans are using just like "Critical Race Theory" as a catchall for anything the GOP wants to throw into it to rile up their base.
We can't stop individuals from saying or advocating for stupid things or democrats from coming up with unique new ideas. Republicans and the Fox Propaganda channel will always be able to come up with something they can point at as some new "woke" idea or policy. The fact is most of them never see the light of legislative enactment into law.
The problem for Democrats is messaging. While republicans have no problem endlessly repeating the same attack lines against democrats until they become internalized in the public consciousness, Democratic politicians are loath to go on the offensive. Too many still hold out hope that bipartisanship will come back into style when they should be going for the jugular and calling out blatant lies on a daily basis.
What Democrats need is a new slogan, something like "Democrats; solving problems not inventing them" which they repeat until it's internalized by the public. It would encapsulate the difference between the parties and allow candidates to then dig down into the details like what Build Back Better does for people. Moreover they could then contrast GOP non-issues like Critical Race Theory and Voter Fraud, even "Wokeness", which don't really exist with the problems they are addressing that affect real people. It labels the GOP as wasting their time and ineffective.
In any event, Democratic messaging isn't working right now and it needs a complete overhaul.
There's a new PR out today...
BOTS Incorporated Graduates Training Class of October 2021 Into Bitcoin Miners' Repairs Program
There was a PR last Friday...
LOL Not a good look buy hey, money is money.