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So what? What's your point? That you did some good DD and were able to sell early? That Paul should have made this public, even if he didn't know all the facts because FarmOn wouldn't let them on the property to confirm your DD? Maybe then no one would have gotten out before the price drop, you included.
Paul did nothing illegal. FarmOn didn't live up to their agreement to share the crop with mCig. We still don't know the details of why. Did the crop die because they neglected it? Were they afraid to level with mCig because they thought they'd get sued? Did they lie about how many acres were planted? In any event, you're beating a dead horse. This all happened years ago and has no relevance to today's company.
Lawsuits??? Please name any current lawsuits besides FarmOn which we've indicated is not going anywhere. All other past lawsuits have been dismissed or settled out of court.
On the other hand, I hope Paul doesn't shy away from bringing lawsuits on the Bitcoin Patent. Oooowe, you used a big bad word. Call him a troll all you like. If he brings a few hundred million $$$ into the company I'll be happy to call him anything you want while I laugh my way to the bank. BTW, the company he got the patent from, First Bitcoin, now owns the majority of Bot's stock so ownership has only changed internally. Please prove that First Bitcoin ever tried to enforce the patent. Where's your proof that they failed or even tried?
As for consultants, name a single company that publicly lists all the vendors they've ever paid. Total nonsense.
Regarding Malecon/Omni/OMHE revenue, my mistake. They claimed to have roughly $10 million/yr revenue at the time of their merger. The following year, their 10-K revenues were closer to $5 million. Nevertheless, this was about $5 million more revenue than Vitacig shareholders ever saw. Moreover, as I said, once the merger was completed, Paul had little say over what happened to the company no matter how much some always disgruntled shareholders cried foul about it.
As for Paul's compensation, there were several years when he took zero salary. As I pointed out before, the company's assets grew from a few hundred thousand dollars when he took over to more than $5 million on the last published financials. Paul has of course profited from the increase in the company's share price as he deserves. If you have proof that he did something illegal, take him to court. Otherwise stop dealing in your innuendo.
Too bad.
What a bunch of innuendo!
If Jack Dorsey believes what he says he should buy the patent from Bots and donate it to his "Crypto Open Patent Alliance". A few hundred million might do the trick. I'm sure he could afford it.
Not taking it wrong at all. I agree with you.
Another PR out today...
OBITX Announces Robert Adams as Chief Technology Officer
You're coming full circle on your argument. We've already covered this. Rule 15c2-11 was modified last September. OTC Markets can confirm that the requirements of Rule 15c2-11 have been met without requiring a Form 211 from a Market Maker...
The SEC Has Adopted Final Amendments To Rule 15C2-11; Major Change For OTC Markets Companies
LMAO There is no reason that a Market Maker would refuse to quote any of those tickers, however, higher tiers may require a sponsoring market maker...
SEC.GOV Over-the-Counter Market
Thanks!
None of those lawsuits involved a Joint Venture (JV). They all involved former customers of mCig's defunct Grow Contractors subsidiary. Most were due to the fact that the company ordered greenhouses from China which were found to be defective (i.e. they didn't meet US construction standards). As you pointed out, they were all dismissed or settled out of court.
When mCig ran to $.92/share in 2014 it was the height of the MJ bubble. A slew of MJ companies ran way beyond any reasonable valuation (e.g. PHOT, TRTC, etc.). That wasn't the fault of mCig Management but greedy investors.
VitaCig on the other hand seemed really promising. It was a unique product at the time and received rave reviews from people who tried it, myself included. It's still sold in a number of countries. Unfortunately, since it was non-addictive unlike tobacco products, the novelty wore off and repeat sales couldn't hold.
Any penny OTC stock carries more risk than a stock on a major exchange and will probably experience extreme volatility. Consequently, there is extreme risk but it also carries the promise of potential extreme rewards. While the OTC Market does have a high number of scam operators, not every ticker that rides excitement to a new high before it settles back to a more realistic valuation is a scam, despite what some folks would have you believe. That said, realistic valuations do require eventual confirmation from financials. Hopefully, we'll see that sometime this year from Bots.
More misinformation. The only JV lawsuit was FarmOn Foundation, and they were the ones that broke their agreement with mCig/BTZI when they locked mCig off their property and refused to allow verification of what happened to their hemp crop. We sued them then they countersued.
Nice find! Could you send a source link for future reference?
Ancient posts full of misinformation and debunked assumptions all taken out of context that are totally irrelevant to the current company and its business plan.
PPS gapped up overnight on news of $86.8 million BARDA grant. PPS is now closing the gap. It should turn around somewhere near $6.35/share or sooner. We'll see.
Well said!
They have nothing but innuendos that were debunked ages ago.
Hey Heed! Good to see you again.
This is no different than a group of investors getting together to start a company and each of them putting up several thousand dollars for startup costs. Depending on their contributions they each get several million shares at a very low pps, usually at a fraction of a penny per share. Essentially, that's what happened here. The only difference is that they were starting operations with a shell public company. I would not be surprised if most of these early investors came from Carbon Ion management and were looking for a way to take the company public. In any case, there is no toxic debt here. The shares would have been sold at fair market value at the time.
So there's no evidence either way except for the actions of the company and it's investors while there's no evidence at all of your claim that it's years and millions of dollars away from commercialization. I'll take that bet based on the history of ZapGo.
We will see economic growth this summer like no other time in our lives. People taking vacations will be spending money and adding to that growth. I don't expect people on vacation will be ignoring the markets this year.
Not sure we'll see any summer doldrums this year. Most of the population expects to be vaccinated by June. I think we might see a huge spike in economic activity this summer that will drive the market to new highs and drag along a lot of OTC stocks. We'll see. JMO.
That's merely your opinion. It's just as likely that people reacted to the sudden uptick and change in market direction and started taking profit. The fact that several tickers defied the reverse in direction is normal in any market move. It's also not unusual that after months of being down, folks were anxious to sell some shares while they were in the green.
It's not as easy as you seem to think for major shareholders to dump their shares on a price spike or to single handedly drive the price down.
The entire market has been down since roughly 2/19/21 when BTZI reached its high of $.37/share. The NASDAQ Composite index went from a high of 13985 on 2/19 to a low of 12397 last Friday, a loss of over 11%. On the 19th, BTZI's pps went from a low of $.1641 to a high of $.379 on news that the company would spend $4,000,000 on crypto mining equipment. It was confirmation that the company had considerable financial resources available. The following day, it went back down to a low of $.17 as the market started going down and people who had ridden the spike collected profits.
Back last November 5, I estimated in one of my posts that, based on their ATM patent alone, BTZI had a potential rational pps range of $.22 to $1.00/share...
BTZI Post # 106934
...This was further confirmed by revenue estimates in a BTZI PR on November 8th...
BOTS INC ACCELERATES DEVELOPMENT OF WORLD'S FIRST BITCOIN ATM CONSORTIUM AND UPDATES POTENTIAL REVENUE PROJECTIONS FOR 2021
...and my updated post on 01/03/21...
BTZI Post # 107665
We'll just have to wait to see if/when the financials catch up to the predictions, but the spike and current price range were not unexpected or unreasonable.
Check ACCR's financials. They haven't filed them since at least 2008. That's why they're still on greys. It has nothing to do with whether OTC Markets has the power to reinstate them. They do! Once they become current and OTC markets is satisfied that they have made full disclosure.