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You cited my post from 9/03/2020. Another quarter or two from that date would put us to about now, not the financials from 4/30/2020. The results I was referring to would start showing up in the FYE2021 (thru 4/30/2021) financials which will be due out the end of July. There was nothing magical about my prediction it was just my opinion. It's looking like I may have been correct and they're turning the corner but I'm willing to give them one more quarter to show some significant revenue. We should have a better idea where things stand after the rest of the financials are released this week, the company becomes current and we get the management update.
Still no clue. What is a CE stock? I wish people wouldn't use abbreviations and assume everyone knows what they're talking about. The only thing I could come up with was Canadian Exchange.
What is the significance of May 25? Where did this come from???
It's only been more than two quarters if you're counting backwards. Those financials were from a year ago. SMHLMAO
Bots only announced their entry into crypto mining on February 18, 2021, with the order of 1,000 mining rigs for $4 million. A few days later, on February 23, they announced the leasing of the facility in West Virginia. It's only been about two months so I wouldn't expect too much yet. Hopefully we'll get an update in the next week or two.
A new PR was released yesterday. The company now has a dealer network. This is a pretty big deal...
ev Transportation Services Announces Premier Dealer Network Appointments
If we're talking about the same tweet, the exact quote is
For someone to take them to court on the patent, the other party would have to find a flaw that would except them from licensing. Otherwise, they'd be wasting time and legal fees. I doubt that anyone could design a bitcoin ATM that would escape the patent. I think third parties will find the offer of joining the only Bitcoin ATM Network attractive enough that they may just acquiesce rather than put up a costly fight as long as the royalty terms are reasonable.
Correction: After reviewing the actual patent wording, it appears that the new patent was an earlier version of the patent that Bots acquired in the merger. It was filed by the same people in 2013 whereas BTZI's patent was an improved, more complete version, filed in 2014.
2013 Patent - Bitcoin kiosk/ATM device and system and method of using the same
2014 Patent - Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same
It appears the second patent includes the enrollment protocols.
There seem to be two separate interesting claims here...
1.
That's actually an entirely rational prediction. Today's PR estimates that the annual income from their patent alone would amount to $20 to $35 million/year. There should be very little cost to enforcing the patent once a customer signs a licensing agreement. Let's assume that they can earn roughly $30 million/yr at the upper end...
$30,000,000/775,874,596 shares OS = $.03866/share = Earnings Per Share (EPS)
$
$.03866 EPS x 40 PE = $1.55 /share
This doesn't include revenues from their crypto mining operation, cybersecurity products or software development. Nor does it include asset growth from crypto holdings and subsidiary investments.
I agree with you. We've known for over a year that this 10-K was coming with close to zero revenue. We've been patient waiting for the makeover of their business plan to take hold. I've suspected that Paul didn't want to release the financials until there was some significant new revenue to report. The next six to 12 months will tell the story of whether or not we were right. I think holders will be pleasantly surprised.
LMAO You know by now that that's standard language on financials for companies that aren't currently making a profit. Nice try but it won't fly.
It might be a good time to ask where BTZI is getting the funds to buy $4 million in mining equipment and acquire 50% of Beadswap. They haven't issued any new shares. I wonder how much their cryptocurrency assets are worth?? Hmmmm
I think those might be dummy transactions for the beta version of Beadswap, however it does show how valuable owning 50% of 8.1 trillion coins/tokens can be once BEAD starts live trading. The value will be determined by the market for art and tourism and Equity Art Group seems like a major Chinese player with lots of assets in that regard.
The link to their beta Beadswap platform shows 1,500 BEAD worth .01301 ETH 8 hours ago. If that's true, BTZI's investment here which includes 8.1 trillion BEAD coins would be worth over $78 billion at today's value of ETH.
This is big news. Here's the PR...
BOTS Inc. Acquiring 50% Stake in Decentralized Exchange, Beadswap
I'm not expecting much from the 2020 10-K & 1FQ2021 & 2FQ2021 financials due out next week. I don't think the company realized much revenue during that period as it transitioned its business to a new strategy and products. We might get a better indication of the value and amount of crypto currencies the company acquired from the merger. So I'll be looking for some asset growth. The real impact will come before the end of the month when we get the 3FQ21 results (thru 1/31/21) and the company's update. Going forward, I think that the company has enormous potential and is currently undervalued based on the Crypto ATM patent alone. JMO
There's a new PR out today...
OBITX Agrees to Acquire IT Professional Group - Implements Cryptocurrency Mining Operation Strategy
It was clear when they merged with First Bitcoin that First Bitcoin would eventually gain controlling interest in the company. It shouldn't be a surprise that they'd eventually want to put in their own CEO. We'll just have to wait and see whether this is a good move or not. It does wipe the slate clean for all those folks who've been complaining about Paul for the last seven years. They can no longer complain about five year old questionable decisions. Note that it's been a year since the merger. This may have been planned all along. JMO
Paul Rosenberg is stepping down as CEO. New PR out today...
BOTS INC APPOINTS IT-INDUSTRY LEADER Dr. OLEKSANDR GORDIEIEV AS NEW CEO
Jared Kushner must have released the stash he'd been hording.
There's nothing in that link that indicates that Willow is way ahead of InMed. They claim they can produce CBG on a commercial scale using yeast fermentation. Inmed claims that using E-coli makes the process more efficient and faster. To my knowledge, there isn't much of a market for CBG at this time yet their only unique claim is that they can produce it on a commercial scale. At this point, we don't really know that InMed can't do the same. The question is, could they sell it on a commercial scale.
Yes folks, just months ago BTZI was trading at $.0215/share. Now its at $.1350/share.
Massive, just massive profits here. LMAO
Sorry but the fact that the technology is installed and used anywhere is new news (proof of concept).
Sorry but the fact that the technology is installed and used anywhere is new news (proof of concept).
Aegis Capital is maintaining their buy rating on SOLO and raising their target from $4 to $7/share
There's a new PR out today. I think it makes sense in light of the PR from 12/22/20 where they purchased a check cashing operation from Kronos. If they're planning on deploying Cryptocurrency ATM's, they would need a stash of Bitcoin inventory. JMO
OBITX Expands Cryptocurrency Assets by Acquiring Bitcoin
From Cryptonomicon1's Post # 107099...
I ask people to note that you haven't documented a single claim in that post.