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From Bots April 22, 2021 PR...
BOTS INCORPORATED COMPLETES I.P. PORTFOLIO OF BITCOIN ATM PATENTS; WILL PROCEED LICENSING TO THE INDUSTRY: PROJECTS $30 MILLION IN YEARLY REVENUES.
Don't twist my words. My point is I don't care that you don't think I've answered you claims.
I answered all the questions (doubts) you raised. I see no response from you other than that you don't believe. LOL Ask me if I care.
Debunked Again!
No one is disagreeing that BTZI had no income thru 1/31/21. Shareholders were expecting that and it's been priced into the pps. However, they show over $71 million in assets on the books. I don't think shareholders expect much revenue in the FYE2021 10-K (thru 4/30/21) either. Going forward we'll see. People are betting that they have a solid long term business plan that will eventually make them and us very profitable.
BTZI will collect $0.00 for patent enforcement based on this statement in this PR
The company has acquired Bitcoin ATM patent and other patent pending from First Bitcoin Capital Corp (OTC : BITCF) and is planning to develop Global Bitcoin ATM network utilizing open source software platform as a Joint Venture with First Bitcoin Capital.
You can say that this will be debunked, but will it? Only time will tell, tick tock tick tock....
This always seems to be the case "Being the only provider of" when Rosenberg is involved or is in the background somewhere. Has "Being the only provider of" ever worked out?
Bot's closed up 13.18% today while OBTX was up 33.96%. I don't think shareholders are worried about legal expenses.
That article was from last June. Any bills Congress was considering back then are now dead since a new Congress took office in January.
However, there are a lot of goodies for electric vehicles in the Biden infrastructure proposals Congress is now considering.
I expect to see significant revenue by calendar year end 2021
LMAO I was quoting you. You said they would have to sell assets and I pointed out that that wouldn't be a problem since they have over $71 million in assets. Do you think they need more than that to win a lawsuit?? Good luck with that argument.
BOTS just proved that they have no revenue to spend big money of patent enforcement unless they sell off some assets.
The 1st company BOTS slaps with IP licensing, they are going to end up in court with no money.
Total Assets... $ 71,674,947
Your post makes no sense. The proof that there's a market for BTZI's ATM patent is the fact that there are now over 17,000 bitcoin ATM's deployed in the US and 20,000 deployed worldwide. All of them are subject to patent enforcement and royalty collection by BTZI.
Bitcoin ATM Map
When does the next financial need to be filed?
We might see some revenue but I'm not expecting a lot just yet. However, I could be pleasantly surprised. We'll see. I expect we'll see a lot more by year end.
I don't see them either. I assume they've submitted the financials but there could be a timing issue with when the 10-Q is actually publicly posted. I suspect they'll show up anytime within the next 24 hours. JMO
There's a new PR out and BTZI is now current in it's financial reporting...
BOTS INC ANNOUNCES IP LICENSING GUIDELINES FOR BITCOIN ATM MANUFACTURERS AND OPERATORS NATIONWIDE; RETURNS TO CURRENT ISSUER SEC REPORTING STATUS
SAN JUAN, Puerto Rico, May 17, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today release of Intellectual Property (I.P.) licensing guidelines for the Bitcoin ATM operators and manufacturers. Copies of the guidelines are available upon request from the Company. These Intellectual-Property Guidelines are designed to help Bitcoin ATM operators implement practical, internal licensing compliance policies consistent with our patents together with the related I.P. laws and to reduce the business risks associated with counterfeiting, piracy, and transaction cybersecurity.
Bitcoin ATM companies, large and small, increasingly use and rely on intellectual property—the copyright, trademark, patents, trade secrets, and other intangible rights that underlie many products and services in the cryptocurrency ATM industry today. The "intellectual capital" embodied in inventions and creative content can be crucial to economic growth and business development as traditional capital, goods, and services.
I.P. protections provide the incentives and returns on investments for intellectual capital necessary to produce a continuous stream of innovations in crypto and blockchain economies. These make individual companies, industry sectors, and national economies more competitive.
These Intellectual-Property Bitcoin ATM IP Guidelines are designed to be helpful to a wide range of businesses involved in the Bitcoin ATM industry, including ATM manufacturers, banks, and non-bank Bitcoin ATM operators and are suitable to be tailored to deal more specifically with particular segments of the Bitcoin ATM supply chain.
These guidelines may be used directly as a basis for a Bitcoin ATM company to create or improve internal I.P. compliance, company policies, or employee manuals. The terms of these Guidelines can also be included in contracts between BOTS Inc and suppliers, such as ATM kiosk manufacturers.
They are also suitable for adoption as the basis of an I.P. compliance certification, whether voluntary or mandatory, in the Bitcoin ATM industry.
Also, these Guidelines are intended to be a "living document" capable of evolving to respond to the challenges of new technologies and globalization, and political and economic trade pressures. Like the intellectual property system more generally, these Guidelines are intended as a balanced approach that respects the legitimate interests of I.P. rights owners, other stakeholders as well as the Bitcoin ATM business community.
Our I.P. guidelines are compliant with U.S. Antitrust Laws and regulations.
Research published by Statista.com indicates that the number of Bitcoin ATMs worldwide grew by every passing month since 2015, reaching new highs in 2021. As of January 1, 2021, there were nearly 14,000 Bitcoin ATMs worldwide. As far as Bitcoin ATMs are concerned, there are two main types of such ATMs: the basic ones, allowing the users only to purchase Bitcoins, and more complex ones, enabling the users both to buy and sell the virtual money. In the case of complex ATMs, only the members of a particular ATM producer can use the ATM. As of July 2020, the leading manufacturers of the Bitcoin ATMs were Genesis Coin and General Bytes, with 34.6 percent and 30.3 percent of the market share, respectively. The highest number of Bitcoin ATMs was recorded in the United States as of July 2020. In total, approximately 83 percent of global ATMs were concentrated in North America.
In the USA, as of May 2021, the number grew to 17,000, with 19,500 Bitcoin ATMs installed and operational word-wide.
A recent article published in BankingDive.com mentioned that a Virginia-based bank provides Bitcoin access at ATMs. "Anyone can use the bank's ATMs to buy and sell Bitcoin as long as their ATM card is accepted," BluePoint ATM Solutions CEO Wade Zirkle told the Richmond Times-Dispatch on Thursday.
"The bank's dual capability of servicing cash and Bitcoin transactions at its ATMs is unique," said David Tente, executive director of the U.S., Canada, and Americas for the ATM Industry Association.
"There are many that perform traditional cash transactions, as well as electronic Bitcoin transactions, but not both," he told the Times-Dispatch.
Zirkle said in a statement that his Company predicts more community banks and credit unions will demand similar "innovative fintech solutions" in their branches.
"This is a major milestone in terms of the adoption of Bitcoin as a fungible currency," Stephen Mathai-Davis, co-founder and CEO of quantitative investment research and analytics company Q.ai, said in an email. "The true challenge for digital assets, in my opinion, remains the custody process. How do I save my digital assets in a location that I can trust and will offer true transparency into its value? The decision by Blue Ridge offers this solution while also offering the ability for users to begin converting Bitcoin into U.S. dollars in the same way many of us would go to a bank to convert foreign currencies."
Blue Ridge's announcement comes as larger banks and payment networks move into the cryptocurrency space.
BNY Mellon, the largest custody bank in the U.S., said Thursday it will hold, transfer and issue cryptocurrencies on behalf of its asset-management clients. Mastercard said a day earlier that it would support certain digital assets on its network this year. JPMorgan Chase announced last spring it would extend banking services to cryptocurrency exchanges Gemini and Coinbase.
The Office of the Comptroller of the Currency (OCC) has issued several crypto-related statements in recent months, including an interpretive letter in January clarifying that banks can use stablecoins to facilitate payment transactions for customers on an independent node verification network. That followed guidance from July is specifying that national banks could provide cryptocurrency custody services and hold unique cryptographic "keys" associated with cryptocurrencies on behalf of customers.
The integration of cryptocurrencies into major financial institutions has pathed the way for exponential expansion of Bitcoin into the more than 3.5 million ATMs across the world, opening up potential patent-related revenues streams for Bots of staggering proportions.
Returning to Current SEC Reporting Status
The Company returning to current SEC reporting status is a major step that allows a far broader range of investors to acquire Bots' shares, adding liquidity and greater upside to our large and growing shareholders base, which also is an important step to up-listing on a major stock market.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).
Bots, Inc. I.P. portfolio includes licensing agreement for patent US 10,332,205 B1 (Bitcoin kiosk/ATM device and system and method of using the same) and Patent No. 9,135,787 - "Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same." Known as the "Bitcoin ATM Patent," this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash, debit, or credit cards.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.
Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Oleksandr Gordieiev
CEO
info@bots.bz
Source: Bots, Inc.
© 2021 GlobeNewswire, Inc.
Walk us through the use of one of these ATM's please. Is there any indication of patent numbers
Parents are easy to get around.
That's 7 months October 2020 to April 30, 2020 of BTZI collecting some of that $30 MILLION_ANNUAL_REVS from ATM patents.
Here's more info relevant to the 5/11/21 PR...
Is Binance Smart Chain an Ethereum killer?
The Binance Smart Chain is a fork of Ethereum. However, BSC transactions are much faster and cheaper than Ethereum. As a result, it is onboarding millions of users at an eye-watering pace. Brave New Coin’s Aditya Das joins Andy to answer the question - Is Binance Smart Chain an Ethereum killer?
Bots announced a while back that they were no longer planning on changing the name of BIT to Basic Income Token. It's in one of their PR's. I assume that means they are not planning on distributing BIT as a dividend at this time.
The CEO, not Paul, has direct responsibility for the operations of the company. The Board of directors determines corporate strategy but it's up to the CEO and corporate management to execute it. Before the merger with First Bitcoin. Paul Rosenberg held all of those positions. he still has influence but now he has to answer the the full Board of Directors and share authority with the CEO. No matter how you look at it he has stepped back and others have taken on a bigger role in corporate management.
Despite your constant criticism, unlike a number of startups that fell by the wayside, Paul has held the company together for the past seven years with periodic infusions of his own cash and stock and practically zero debt.
There's a new PR out today...
BOTS Inc.’s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets
SAN JUAN, Puerto Rico, May 11, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (www.beadswap.org). Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets.
The company recently announced the purchase of 50% ownership in the Ethereum based Beadswap and a related 50% interest in 8.1 trillion Beadswap coins (crypto:BEAD) generated on the Ethereum blockchain and listed on Beadswap.me. These coins will now be exchangeable between the Ethereum and Binance based protocols.
“We were attracted to the carefully designed Beadswap knowing that similar decentralized exchanges such as Uniswap enjoy a market cap of more than 10 billion USD with smaller upstart competitors to Uniswap quickly reaching more than 1 billion in market cap after launching as well as the plan to expand Beadswap to include the Binance Smart Chain which now, as a result also competes with the ($6 billion market cap) Pancakeswap.
About Binance Smart Chain
According to Werner Vermaak
“Binance Smart Chain is a new platform that aims to lower transaction costs and provide a space to create DApps and other DeFi products — how does it work? Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
“Furthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications like MetaMask.
“The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity.
“Binance Smart Chain has made immense traction in early 2021 so far partly thanks to Ethereum’s congestion and gas fee issues, which has caused developers and staking investors to look for other options. The BSC community made the network even more appealing to new users as a cost-effective and stable alternative, by lowering its gas fee from 15 Gwei to 10 Gwei to counter Binance Coin (BNB)’s insane price jump to over $300 in February.
“Here are some of the attributes of BSC:
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“Independent Blockchain
“While it runs in parallel with BC, Binance Smart Chain is a standalone blockchain. This means that even if BC stops operating, BSC will continue to run its technical and business functions.
“Ethereum-Compatible
“Smart contracts, which are Ethereum-compatible, are supported by BSC. Through this feature, developers can build or migrate DApps, tools and other ecosystem components on the BSC network without much friction.
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“Supports Staking and Community-Based Governance
“The platform runs on a proof-of-stake (PoS) consensus model, specifically, proof-of-staked-authority. BSC’s native token, the Binance Coin (BNB), can be staked to contribute to network security and vote on community governance protocols. Its PoS model also enables it to process transactions faster, putting it above networks that still implement full proof-of-work (PoW) systems.
“Native Interoperability:
“BC and BSC can freely communicate with each other without friction, despite BSC not being a layer 2 solution (as it is an independent blockchain, parallel to Binance Chain). This makes it seamless for users to move their cryptocurrencies between BC and BSC.
“Proof-of-Staked-Authority
“BSC combines both delegated PoS and proof-of-authority (PoA) to achieve network consensus and maintain blockchain security. PoA is known for its capacity to thwart 51% attacks, as well as its tolerance for Byzantine attacks.
“In this model, there are elected validators who take turns in confirming transactions on the network and are tasked to produce the blocks in a PoA manner, which puts the amount of their stake and their reputation in the community into consideration. To become a validator, a user has to stake BNB.
“This consensus model allows BSC to achieve around three-second block times. If a block proposed by the validator gets added to the chain, they receive the transaction fees incurred in that block as their reward.
“Validator Quorum
“A validator quorum is required to secure the BSC network. The blockchain has 21 validators that are elected by BNB stakers every 24 hours. Anyone can be a candidate for election as a validator, but only those who belong to the top 21 highest-staked nodes will be chosen for the next validator set.
“There is an “epoch” period for the platform, where validator sets can update the BSC network as needed. Every epoch period consists of 240 blocks, which is around 20 minutes.
“BSC also implements “slashing” to disincentivize malicious actors from validating inaccurate transactions or double signing. Slashing is designed to expose an attacker and make their attempts extremely expensive to execute.
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“Binance Coin (BNB)
“BNB is the Binance ecosystem’s native utility token, which can be used both for BSC and BC. BNB is mainly used to pay for transaction fees on the BC and Binance DEX platform, staking and asset transfers. BNB can also be used to run smart contracts on BSC.
“For those who want to participate in network security or earn additional BNB rewards, BNB can be staked on a smart contract. And should users wish to, they can delegate their stake to a BSC validator of their choice and earn proportional rewards.
“Furthermore, validators have the power to decide how much of the BNB they collected from gas fees gets to be redistributed to their delegators.
“Other Supported Tokens
“BEP2 and the upcoming BEP8 standards are both BC and BSC-supported tokens. ERC-20 tokens, or BEP2E tokens, as they are called in the network, are supported on the BSC blockchain. There are ways to further “enhance” ERC-20 tokens on the platform just by adding more identifiers on an asset, such as token denomination, owner address and decimal precision definition, among others. This process is called “token binding.”
“If you look into the BC platform, you’ll see tokens launched that are pegged to a counterpart native token (also called “peggy coins”). These tokens are also supported on the BSC network. This allows developers to launch DApps that can facilitate cross-chain exchange trustlessly, just like what PancakeSwap was able to achieve on its platform.
“The ascent of BSC in 2021 cannot be described properly without mentioning the PancakeSwap exchange. The BSC-based decentralized exchange has seen remarkable growth in 2021, both for trading volume as well as its governance token CAKE, with total value locked on the exchange surging from $150m on Jan. 23 to $2.5 billion as of the beginning of March 2021. PancakeSwap has become the second most popular DEX after Ethereum’s UniSwap as of publication time.
“Staking
“Staking involves BNB holders placing their “bonded” tokens in a staking pool. Then, they can delegate their tokens to a chosen validator or candidate. They can re-delegate their tokens to another validator as soon as the election for the next validator set begins.
“Elected validators have the power to distribute their blocking reward to their delegators.
“In order to remain compatible with Ethereum, BSC implements its staking logic on BC to support this feature. This means that token bonding or delegation happens on top of the BC network, not BSC.
“Binance Smart Chain Concluding Thoughts
“The Binance Smart Chain is a speedy and low-cost DApp platform for crypto users to enjoy. It’s no surprise that the number of daily unique active wallets has surged to 50,000 as of Feb. 9, 2021 and that its total transaction volume had reached $15 billion in January 2021.
“As long as the most popular smart contract-based blockchain, Ethereum, continues to struggle with congestion, slow transaction speeds and exorbitant transaction fees, we can expect to see the increased adoption of more affordable alternatives like BSC, Polkadot and Cardano continue.
“About Beadswap
“Beadswap.me is a decentralized exchange built on the Ethereum network. Users can swap, create markets, add liquidity, and stake Ethereum-based tokens without the use of an intermediary. Unlike traditional, centralized market making, Beadswap uses an automated market maker (AMM) protocol to facilitate decentralized trading, so that prices are determined algorithmically instead of through an order book. Shang He, Vice President of Equity Art Online, commented, “The total value locked in DeFi platforms grew from around $1 billion a year ago to over $60 billion currently. We are excited to bring this groundbreaking new technology to help revolutionize the art and tourism sectors.”
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.
Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Oleksandr Gordieiev
CEO
info@bots.bz
Source: Bots, Inc.
© 2021 GlobeNewswire, Inc.
Got it. My bad.
Those securities are unregistered and subject to SEC rule 144 which requires that they be held for 6 months before they can be resold. It's more likely some current shareholders panicked at the potential dilution and rushed to sell.
Recent Tweet from Bots...
Bots, Inc.
@Bots_bz
·
May 3
We are waiting to receive a final Ok to file the financials for 3rd Qtr. No Stop sign very soon.
Anyone have any idea of when the Jazz shares and cash will be distributed to GWPH shareholders?
There's a new PR out today. Note that the ATM Network is now included in the description of the company...
BOTS INC ANNOUNCES INDUSTRY'S FIRST COMBINED HASHING POWER AND BITCOIN MINERS' PRODUCT WARRANTY
SAN JUAN, May 04, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), ("The Company") a vertical integrator and an emerging innovator of products, I.P. licensing, commercialization of technologies, services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today the industry's first combined hashing power and bitcoin miners' product warranty.
The warranty covers labor on all components of the bitcoin mining rig, including the availability of remote monitoring services, mining rig hardware coverage, and racking systems.
This new BOTS Inc "MinerGuard™" extended warranty applies to labor in addition to the product, original equipment manufacturer, Bitmain – the world's leading producer of cryptocurrency mining hardware when installed by a Bitmain authorized installers. Coverage under the MinerGuard™ warranty is now available to all Bitmain mining rigs, new and used.
"The MinerGuard™ full-comprehensive warranty ensures bitcoin mining farm operators have complete peace-of-mind while making managing mining operations easier and more efficient," said Simon Rubin, Chairman of Bots Inc. "Bots Inc listens closely to industry trends, customers feedback and is always trying to create products and solutions that meet the market's needs. The initial response to our bitcoin miners warranty programs is very positive from the warranty coverage introduction, and it became clear that there is a need to offer this type of extended warranty to the Bitcoin mining industry."
Bots will additionally offer a hashing Power Warranty that Guarantees stable bitcoin hashing Production throughout the Life of the bitcoin mining farm. The Company plans to utilize an advanced A.I. engine that optimizes extended warranty offers.
The extended miner warranty program will initially be covering Bitmain manufactured miners, and soon, BTZI will add coverage for Canaan Inc miners, MicroBT Whatsminer, and other leading bitcoin miner manufacturers.
The Company announced earlier the availability of bitcoin mining repairs through an authorized national bitcoin miners' repair center, which is now fully operational.
As reported by Coindesk recently: The U.S. and Canada currently account for less than 10% of global crypto mining hash power. There are around 15 large-scale bitcoin mining facilities operating in North America.
Around 3,000,000 bitcoin miners are in operation in the U.S. and about 2,000,000 in Canada.
BTZI estimates the extended bitcoin miners' warranty market size to exceed $1.2 billion in the U.S.
Being the only provider of the extended warranty for the bitcoin miners; BOTS Inc is now positioned to capture this unserved market. The Company plans to quickly expand this service to Canada and then worldwide.
Research and Markets estimate the extended warranty segment will reach a staggering $50.2 billion by 2026.
We plan to announce the completion of our warranty website this week, but for now, interested parties may contact us via info@Bots.BZ
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).
BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering, buying, or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.
Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/
Follow BTZI news on Twitter @Bots_bz www.Twitter.com/Bots_bz
Find BTZI news at http://www.bots.bz
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.
For more information, visit http://www.bots.bz
Visit BTZI on Facebook
https://www.facebook.com/Bots.Bz/
Follow BTZI on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Oleksandr Gordieiev
CEO
info@bots.bz
Source: Bots, Inc.
© 2021 GlobeNewswire, Inc.
We all knew that there was little to no revenue coming in last year while the company transitioned it's business plan. What we didn't know, until now, was the value of the crypto assets. SMHL
The 1FQ21 10-Q lists $68,891,589 in cryptocurrencies as "Infinite Lived Intangible Assets" (i.e. not subject to normal depreciation/amortization). This is the dollar value of the cryptocurrency assets acquired from First Bitcoin as a result of the merger as of the end of the quarter. The Balance Sheets show over $71 million in Total Assets.
An amended FY20 10-K, 1FQ21 & 2FQ21 10-Q's have been filed and can be viewed on OTC Markets...
SEC Filings
There was another PR today...
OBITX Acquires Render Payment for $1.2 Million
Fleming Island, Florida, April 28, 2021 (GLOBE NEWSWIRE) -- OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today that it has settled the debt owed to the Company in exchange for the ownership of Render Payment, LLC. The Company gains $400,000 in assets and approximately $800,000 in intellectual property rights. Over the past four years Render Payment has averaged $1.6M in revenue with $600,000 in net profit through the buying and selling of cryptocurrencies. OBITX intends to repurpose the use of Render Payment’s intellectual property, specifically its developed and functional software application utilizing the blockchain. Render Payment was originally designed to act as a third-party payment collaborator bridging the gap between FIAT currency and cryptocurrencies. OBITX intends to utilize portions of the protocols established with the proprietary software in the development of a blockchain certificate of deposit and rewards program it intends to launch in the near future.
Eric Jaffe, OBITX CEO stated, “It’s always a good thing when you can clean up historical issues and it has a positive effect on the future. The settlement of an outstanding receivable that was written off years ago shortens the length of time to complete the development of our anticipated new product line, a rewards program based in the use of blockchain technology.”
OBITX will not carry the intellectual property value on its books. The purpose of the acquisition was to gain access to specific code developed by industry experts that would reduce the time to market for key software developments in research and development. Mr Adams, the Company’s CTO went on to state, “We will be dissecting the software developed by Render Payment where we will utilize elements of its innovative coding in a new product we are developing and looking to roll out during the second quarter this year. We intend to file for patent protection before the release of the product to the general public.”
About OBITX:
Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCMKTS: OBTX) is a consulting and services organization specializing in blockchain technologies and decentralized processing.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Eric Jaffe
info@obitx.com
Source: OBITX, Inc.
© 2021 GlobeNewswire, Inc.
The company still needs the Form 211. The difference is that it will be submitted to OTC Markets, not the SEC or FINRA, for evaluation and acceptance. If COUV's trading was halted due to false and misleading claims from their recently acquired mask making subsidiary about the masks effectiveness against COVID, then there wouldn't be anything standing in the way of reinstating COUV if they've divested themselves of that subsidiary as they have claimed they would. I'd say that goes a long way toward healing any mistrust.
Correction: My post incorrectly included the following quote from my source...
Among other changes to the securities laws, the NDAA amends the Securities Exchange Act of 1934 to codify the SEC’s authority to seek disgorgement from persons who receive unjust enrichment. It also extends to ten years the statute of limitations applicable to disgorgement claims arising from violations of the anti-fraud provisions of the securities laws, including Section 10(b) of the Exchange Act and Section 17(a)(1) of the Securities Act of 1933. But while the new legislation formalizes certain aspects of the SEC’s disgorgement authority, it freezes, and in some cases scales back, the SEC’s ability to seek other remedies...
No problem! I tried looking up CE on Google and couldn't find it. When Google can't figure it out you know it needs more explanation LOL.
And if the company doesn't need a market maker to process a form 211, why'd they say they did?
Among other changes to the securities laws, the NDAA amends the Securities Exchange Act of 1934 to codify the SEC’s authority to seek disgorgement from persons who receive unjust enrichment. It also extends to ten years the statute of limitations applicable to disgorgement claims arising from violations of the anti-fraud provisions of the securities laws, including Section 10(b) of the Exchange Act and Section 17(a)(1) of the Securities Act of 1933. But while the new legislation formalizes certain aspects of the SEC’s disgorgement authority, it freezes, and in some cases scales back, the SEC’s ability to seek other remedies...
...As discussed below, although the amended rule continues to require that a broker-dealer have a reasonable basis to believe information is accurate and from a reliable source, the revamped structure itself may help shift the burden back to the broker-dealer, where it belongs, and reduce FINRA’s overlapping merit review. Importantly as discussed, OTC Markets will not be required to submit a Form 211 but rather its determination of compliance with the rules will be self-effectuating, and a broker-dealer relying on OTC Markets review, will also not be required to submit a Form 211 to FINRA. This alone will make a tremendous difference in the process...
... In complying with the information review requirements under Rule 15c2-11, OTC Markets will be subject to the same review, responsibility and record keeping requirements of a broker-dealer and must have reasonably designed written policies and procedures associated with the rule’s compliance. OTC Markets would then “make known” to the public that it has completed a review and that a broker-dealer can quote or resume quoting the securities, and be in compliance with Rule 15c2-11. Likewise, OTC Markets can make a determination that a company qualifies for an exception to the 211 rule requirements and a broker-dealer can rely on that determination.
A broker-dealer can rely on the OTC Markets determination of the availability of the rule or an exception to quote a security without conducting an independent review. Keeping the rule’s current 3 business day requirement, a broker-dealer’s quotation must be published or submitted within three business days after the qualified IDQS (OTC Markets) makes a publicly available determination.
Importantly, the new rule specifically does not require that OTC Markets comply with FINRA Rule 6432 and does not require OTC Markets or broker-dealers relying on OTC Markets’ publicly available determination that an exception applies, to file Forms 211 with FINRA. I believe that the system will evolve such that OTC Markets completes the vast majority of 211 compliance reviews...
...Interestingly, the SEC release specifies that a deep-dive due diligence is not necessary in the absence of red flags and that FINRA, OTC Markets or a broker-dealer can rely solely on the publicly available information, again, unless a red flag is present. Currently, the broker-dealer that submits the majority of Form 211 applications does a complete a deep-dive due diligence, and FINRA then does so as well upon submittal of the application. I suspect that upon implementation of the new rule, OTC Markets itself will complete the vast majority of 15c2-11 rule compliance reviews and broker-dealers will rely on that review rather than submitting a Form 211 application to FINRA and separately complying with the information review requirements.
There's no reason for delisting this company. They stopped being current about a year ago shortly after announcing that they were changing their name and abandoning the Cannabis Industry so that they could refocus their business plan on blockchain programming, crypto-currency and robotics. They then did a reverse merger with First Bitcoin Inc. in a stock exchange for First Bitcoin's crypto assets and corporate equity (ownership shares in subsidiaries). Since then, it's been assumed that they had little to no revenue as they've been rebuilding their business plan with completely new revenue sources, including crypto currency mining and rig repair and enforcement of a patent affecting all cryptocurrency ATM's. They announced last week that they expect to file their last three quarterly financials this week and be current by the end of this month followed by a management update. Stay tuned!
As discussed before, the SEC can bring an action at any time for any reason. There is no requirement for OTC markets to wait five years for any action. Under the new rules, OTC Markets can make the sole determination of when to re-list a security. See my post #17842 from 3/7/21...
COUV Post # 17842
The new rules allow OTC markets to reinstate them without a Form 211 or a FINRA review or an MM. All they really need is to bring their financial information current...
The SEC Has Adopted Final Amendments To Rule 15C2-11; Major Change For OTC Markets Companies
will add new exceptions for lower risk securities; and add the ability of OTC Markets itself to confirm that the requirements of Rule 15c2-11 or an exception have been met, and allow for broker-dealer to rely on that confirmation. Importantly the new rule will not require OTC Markets to submit a Form 211 application or otherwise have FINRA review its determination that a broker-dealer can quote a security, prior to the quotation by a broker-dealer...
OTC Markets can make a determination that a company qualifies for an exception to the 211 rule requirements and a broker-dealer can rely on that determination.
A broker-dealer can rely on the OTC Markets determination of the availability of the rule or an exception to quote a security without conducting an independent review. Keeping the rule’s current 3 business day requirement, a broker-dealer’s quotation must be published or submitted within three business days after the qualified IDQS (OTC Markets) makes a publicly available determination.
Importantly, the new rule specifically does not require that OTC Markets comply with FINRA Rule 6432 and does not require OTC Markets or broker-dealers relying on OTC Markets’ publicly available determination that an exception applies, to file Forms 211 with FINRA. I believe that the system will evolve such that OTC Markets completes the vast majority of 211 compliance reviews...
Thank you! I try to give the long version of any abbreviation the first time I use it in a post. I've had a securities license for over 15 years and I've never seen that abbreviation used. There are a lot of newbies on this board that I'm sure would appreciate more clarity.
Anyway, here's the OTC Market policy that controls that designation...
When Does Caveat Emptor Get Removed?
When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.
OTC Markets Group segments Pink companies based on the information they provide to investors into Current, Limited or No Information. Companies can make disclosure available pursuant to one of the following Reporting Standards:
Filing required reports with the SEC, U.S. Bank Regulatory Authority, or home country if listed on a Qualified Foreign Exchange
Companies that do not meet one of the above standards can provide disclosure to investors directly to www.otcmarkets.com via the Alternative Reporting Standard