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Read the freaking securities law blog post...
The SEC Has Adopted Final Amendments To Rule 15C2-11; Major Change For OTC Markets Companies - by Laura Anthony, Esq. on September 24, 2020
As of last September, OTC markets can re-instate companies after a suspension without getting approval from FINRA or filing a Form 211 or requiring an MM to file a Form 211. They simply have to determine that the company is current in its filings. THEY DON'T NEED FREAKEN APPROVAL FROM ANY OTHER REGULATOR TO RESUME NORMAL TRADING!!!
Read the freaking securities law blog post...
The SEC Has Adopted Final Amendments To Rule 15C2-11; Major Change For OTC Markets Companies - by Laura Anthony, Esq. on September 24, 2020
As of last September, OTC markets can re-instate companies after a suspension without getting approval from FINRA or filing a Form 211 or requiring an MM to file a Form 211. They simply have to determine that the company is current in its filings. THEY DON'T NEED FREAKEN APPROVAL FROM ANY OTHER REGULATOR TO RESUME NORMAL TRADING!!!
See my post # 17842...
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...
IMO, they won't find an MM to file a Form 211 in that time frame.
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...
ArKnetEnthusiast1's post #17820 is absolutely correct. Also, while the quote I posted indicates that reinstatement of suspended companies is rare, that doesn't mean they don't happen. It simply means that there are a lot of scam or barely functioning companies that are suspended and can't recover. In fact the statement ends by saying the new rules may make it easier for companies to do so. We've had a number of posts citing companies that have recovered from suspension and are currently trading (e.g. PHOT). In fact, if it's so rare, why is this linked company advertising for business from suspended companies that want to resume trading. They present a case study that sounds very similar to COUV, including a reverse merger with a grey market shell company and "bad actors" in the company management...
Case Study # 10: Resuming Trading on the OTC Following a Trading Halt
In late 2017 we were engaged by a client to assist with its resuming trading on the OTC. The Client had completed a reverse-merger with a non-trading, public company. Basically, the public company had the trading in its shares halted by the SEC. The management of the privately held company, not being very sophisticated, was convinced that merging with this company would easily and quickly allow them to become publicly traded. Unfortunately, this was not the case. As a result, we were called in to help.
The Client: A formerly publicly traded company that had the trading of its shares halted by the Securities Exchange Commission (SEC) in February of 2014 for lack of current public information. In October of 2017, the Company completed a reverse-merger which Trading Suspension - Solved - Coral Capitalbrought new business operations and management to the public company. Their shares were actively trading in the “Grey Market” portion of the Over-the-Counter Market (OTC Market). The new management was seeking to have a 15c2-11 disclosure application filed on its behalf in order to have a fully quoted market for the trading of its shares.
The Task: To address the issues related to the prior trading suspension and trading halt, as well as meet the current requirements for a 15c2-11 application filing.
Issues: The Client needed it satisfy the requirements for Rule 15c2-11, as well as locate a broker/dealer willing to file the 15c2-11 disclosure documents with FINRA. While the Company had competent securities counsel, it lacked the finance personnel to properly prepare its financial statements for an audit.
Secondary Issues: Members of the former management of the public company were deemed to be “Bad Actors” and FINRA would not approved the 15c2-11 if they remained shareholders.
Plan of Action: Coral Capital brought in its team members to prepare the financial statements for an audit by a PCAOB member audit firm. Our team members recommended a PCAOB member audit firm to perform the audit of the Client’s financial statements. One of our team members assisted in the drafting of a registration statement to address the current information requirements. During the process we advised the client on a fund raising structure that would allow for the Company to raise capital without any audit issues with respects to its registration statement.
When the issue of the shareholders who were deemed to be Bad Actors by the SEC was brought to our attention, we advised the Client on a legal strategy that allowed the Client to successfully remove those individuals as shareholders of the Company’s shares.
Finally, we assisted the Client with the preparation of the documents for the 15c2-11 submission.
Results: The Broker/Dealer’s 15c2-11 application was approved by FINRA, and the Company’s shares became fully quoted. Additionally, as a result of the approval of the 15c2-11 disclosure statement, the Company’s shares became piggyback qualified, and approximately 12 months later the Company had 12 market makers trading its shares.
my point, which is that MM's are not allowed to quote a formerly SEC suspended security
after a suspension for fraud is a different story, as the company does lose its piggy-back exception when that happens and it will require OTC Markets or a broker-dealer to stick their necks out.
The current 15c2-11 piggyback exception provides that if an OTC Markets security has been quoted during the past 30 calendar days, and during those 30 days the security was quoted for at least 12 days without more than a four-consecutive-day break in quotation, then a broker-dealer may “piggyback” off of prior broker-dealer information. As discussed, currently the piggyback exception lasts in perpetuity as long as a stock continues to be quoted. As a result of the piggyback exception, the current information required by Rule 15c2-11 may only actually be available in the marketplace at the time of the Form 211 application and not years later while the security continues to trade. Moreover, as the SEC notes, by continuing to quote securities with no available information, that are being manipulated or part of a pump-and-dump scheme, a broker is perpetuating the scheme.
There are two main current exceptions to Rule 15c2-11: the piggyback exception and the unsolicited quotation exception. The final rule, which contains a 60 page discussion on the piggyback exception, will amend the exception to: (i) require that information be current and publicly available (see below chart); (ii) require at least a one-way priced quotation (either bid or ask) – which is a modification from the proposal which would have required a two-way quotation; (iii) eliminate the current 30 calendar day window before the exception can be relied upon but retain the requirement that that no more than 4 days in succession can elapse without a quotation; (iv) eliminate the piggyback exception during the first 60 calendar days after the termination of a SEC trading suspension under Section 12(k) of the Exchange Act; (v) allow a period in which the exception can be relied upon for quotations of shell companies (modified from the rule proposal); and (vi) provide a conditional 15 day grace period to continue quotations when current information is no longer available (this provision was not in the rule proposal); and (vi) revise the frequency of quotation requirement.
Thanks for confirming the loosening of OTC rules for reinstating suspended companies...
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...
...The final rules: (i) require that information about the company and the security be current and publicly available in order to initiate or continue to quote a security; (ii) limit certain exceptions to the rule including the piggyback exception where a company’s information becomes unavailable to the public or is no longer current; (iii) reduce regulatory burdens to quote securities that may be less susceptible to potential fraud and manipulation; (iv) allow OTC Markets itself to evaluate and confirm eligibility to rely on the rule; and (v) streamline the rule and eliminate obsolete provisions...
...The new rule allows a qualified IDQS to comply with the information review requirements. As mentioned, in reality, the qualified IDQS is OTC Markets. 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...
...The initial rule proposal contained a provision that would have eliminated the piggyback exception altogether for shell companies. This provision received significant push-back and would have had a huge chilling effect on reverse merger transactions in the OTC Markets. In its rule proposal the SEC admitted that there are perfectly legal and valid reverse-merger transactions. My firm has worked on many reverse-merger transactions over the years...
...In response to the push back and the final rule allows for broker-dealers to rely on the piggyback exception to publish quotations for shell companies for a period of 18 months following the initial priced quotation on OTC Markets. In essence, a shell company is being granted 18 months to complete a reverse merger with an operating business, or in the alternative, to organically begin operations itself.
The requirement limiting the piggyback exception for the first 60 calendar days after a trading suspension will not likely have a market impact. A trading suspension over 5 days currently results in the loss of the piggyback exception and requirement to file a new Form 211. In practice, the SEC issues ten-day trading suspensions on OTC Securities, and there is no broker-dealer willing to file a new 15c2-11 within 60 days thereafter in any event. In fact, in reality, it is a rarity for a company to regain an active 211 after a trading suspension. Perhaps that will change with implementation of the new rules.
love helping to educate the investing public
I'm not worried about how low the pps goes on the grey market. It doesn't change the fundamentals. It only presents buying opportunities and is simply a reflection of sellers fears and buyers reluctance to buy on the grey market. As long as the company completes the merger and moves forward on it's business plan I'm willing to hold and buy more shares at lower prices.
As of their last financial report thru 1/30/2020, mcig was involved in only one lawsuit with a former JV partner. There were two other cases which involved former customers (not partners) of mCig's now defunct construction subsidiary, Grow Contractors. One was settled and the other went to arbitration and was expected to settle last year. Their breakup with BXXR was settled out of court when mCig decided to reverse direction and transitioned into Bots.
MCIG 3FQ20 10-Q
Except as set forth below we are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.
The Company subsidiary, Grow Contractors, Inc., along with the Company and its officers was sued by APEX Management, LLC and Apex Operations, LLC (the "Solaris" project) for the return of approximately $600,000 in cash paid for services they allege were never provided. We have countersued for the payment of approximately $425,000 in services provided that have not yet been paid for. In addition, we have sued both Michael Sassano and Ronald Sassano individually for their roles in the alleged actions. The cases were settled in August 2019, which results have been reflected in this annual filing. The case files were sealed by the state and federal courts for the protection of all parties.
The Company subsidiary, Grow Contractors, Inc., was sued for alleged faulty services provided in the state of Oregon. Grow Contractors alleges it has outstanding, unpaid invoices and services were stopped for lack of payment. The case has been sent to arbitration which is expected to be conducted within the next calendar year.
The company subsidiary, NYAcres, has filed a lawsuit against FarmOn! Foundation, Tessa Edick (our former NYACres CEO), and multiple FarmOn! Foundation board members. We are seeking enforcement of the agreement entered into by FarmOn! Foundation and Tessa Edick. The Company has invested approximately $900,000 into this venture and has harvested 28,000 hemp plants from approximately 13 acres of land. A condition to the agreement was that FarmOn! Foundation would obtain permission for both NYAcres and FarmOn! Foundation to grow Hemp through the New York state requirement process. FarmOn! Foundation obtain the license solely in their name. We have made massive improvement to the land, acquired equipment, and had various hemp seeds in inventory when FarmOn! Foundation removed NYAcres from the site. We believe FarmOn! Foundation has utilized our hemp seeds to plant its current crop in production. Recently the courts ruled in favor of NYAcres and dismissed the lawsuit due to the fact that FarmOn! Foundation maintains the license and NYAcres does not. We are appealing the findings.
Paul learned his lesson, nothing else in the US where people can drive to the buildings and see his fraudulent operations.
SAN JUAN, Puerto Rico, Feb. 23, 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 and manufacturing industry announced today the signing of a lease agreement for its planned Bitcoin mining farm. This follows the Company’s previously announced plans to develop a facility capable of housing 50,000 Bitcoin miners.
Coindesk.com reported recently that Bitcoin Miners Saw Revenue Rise 62% in January 2021 From December 2020. Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk. Around the world, bitcoin miners continue buying more mining machines and are beginning to receive and deploy the ASICs pre-ordered last year as they act on plans for continued expansion.
“In choosing the West Virginia location, BOTS INC will be able to secure access to some of the most competitively priced electrical energy worldwide,” -Paul Rosenberg, BOTS CEO said. “Bitcoin Mining is a great way to accumulate Bitcoins as a strategic asset for BTZI. With the correct mining center setup, and advanced mining rigs we will be able to mine Bitcoins in a very profitable way.”
FirstEnergy Corp., the power provider in West Virginia, recently announced that the company is investing about $200 million on distribution and transmission infrastructure projects to help enhance service reliability and meet future economic growth for its customers.
Fortune magazine reports that Bitcoin Mining companies are in a position to make money and create jobs in rural areas, while also ensuring more Bitcoins—which are becoming strategic assets—end up in American hands.
You're confusing the fiat ATM market with the cryptocurrency ATM market. The Crypto currency ATM market is growing. It consists of replacing or retrofitting all currently installed fiat currency ATM's. The current penetration of that market is less than %1.
In the meantime, fiat ATM's may not be growing like they used to but don't bet on them disappearing anytime soon. Bots can still collect a few billion in patent royalties in the next ten years. There's also a huge untapped market in unbanked and underbanked citizens who depend on high interest check cashing services who could use crypto ATM's that don't require a bank account. I doubt any of us will still be around when society is totally cashless and ATM's are a thing of the past...
The Future of Cash - Will It Disappear Or Become Obsolete?
The case in favor of cash
Though many believe a cashless society is inevitable, there are a few significant reasons why that may not be the case.
Cash remains the primary medium of exchange among the poor
Despite the popularity of electronic payment methods among middle income and wealthy households, the poor remain disproportionately dependent on cash.
A survey by the FDIC in 2015 revealed that 7% of US households, or about nine million households, had no banking relationship; these households are referred to as “unbanked”. The same survey reported an additional 19.9%—or 24.5 million households—are classified as “underbanked”. That means the household had a checking or savings account, but obtained financial products and services outside the banking system.
The problem for many of the poor is bank fees. This can be compounded by low or unsteady income and deposits, resulting in non-sufficient funds (NSF) fees and even account closures by banks.
But apart from banks, a study by the Pew Research Center found 11% of Americans don’t use the Internet. The percentage is even higher among the elderly and those who live in rural areas. Eliminating cash could potentially exclude this segment of the population from participating fully in the economy.
Cash is the best remedy for identity theft
A recent study indicated that 6.64% of consumers were victims of identity theft in 2017. That’s about one in every 16 people.
Identity theft is one of the fastest growing crimes in America. Naturally, it’s closely connected with the increasing use of electronic payment methods, as well as the storage of financial data online.
In certain financial transactions, perhaps even with certain businesses, the best protection against identity theft is the pay by cash.
Cash has the advantage of leaving no paper trail. While it’s true that might reduce the possibility of recovering on a defective or unsatisfactory product or service, cash virtually eliminates the possibility of identity theft because no information is left with the vendor or merchant.
But, we recognize that most people don’t use cash, so if you want to use credit and debit cards, consider signing up for Trans Union’s Credit Monitoring service, that will alert you to any false credit taken out in your name.
Privacy
The need or desire for privacy is a variable depending on individual preference. But there’s no doubt cash affords more privacy than electronic payment methods. The degree to which people value privacy will no doubt have an impact on the future of cash.
It’s one thing to primarily use electronic payment methods, but still having the option for privacy with cash. It’s another matter entirely when the cash option is off the table.
Tradition
This may sound incidental, but there are certain traditions in financial and economic activity. For example, while you may be perfectly comfortable making routine and major purchases through electronic payment methods, you may prefer to make small charges—say under $10 or $20—in cash.
Not only will that eliminate bookkeeping and tracking (who wants to get an NSF charge on a four-dollar coffee purchase?), but you may also want to remove the possibility of identity theft on very small charges.
Summary
Ultimately, cash may in fact disappear. But it’s mostly a question of where and when. While it may disappear in some countries, it might remain in others. And if it ultimately happens in 50 or 100 or more years, it won’t matter much to anyone who’s alive today.
In the meantime, take advantage of the best that cash and electronic payment methods have to offer. For my money, having both options is the best of all worlds.
Oh so if there was no crypto what would blockchain use?
There’s a co-dependency , crypto is useless without blockchain and blockchain is useless with you cryptos
New PR is out today...
BOTS INC Advances Robotic Automation Technological innovations Via Adding Dynamic Chief Technology Officer
SAN JUAN, Puerto Rico, March 04, 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 and manufacturing industry has expanded its leadership team - and today announced that Illia Pashkov has joined the executive team as Chief Technology Officer. Mr. Pashkov brings to the team more than a decade of experience working with enterprise companies, startups, digital and blockchain platforms as well as comprehensive technical expertise - with a background in Innovations, Technologies, Branding, Identity, Startups, New Business Development, Arts, Creative Direction, Product Design, User Interface, User Experience, Blockchain and Cryptology in advancing BTZI into its next phase of growth.
Mr. Pashkov has been a keynote speaker at international conferences including the Global Economy Forum in San Francisco, Consensus in New York, CoinAgenda in Las Vegas, World Blockchain Forum in Dubai and Miami, iBlockchain Summit in Shenzhen & Guangzhou, Satoshi United in Dubai, Blockchain Practitioner Conference in Shanghai just to name a few.
Prior to Bots Inc, Mr. Pashkov served as a Co-Founder of WISE, WizeBit, GhostDrive, LimeICO, Dowell. He was Chief Product Officer @ Player’s Health, Chief Creative Technologist @ Tradelize and Creative Director/Partner at Halo Lab.
CEO Paul Rosenberg commented, "We are thrilled to welcome Illia as CTO to our executive team. Illia’s advanced visionary mindset, combined with our platforms of innovative technology, will lead our team forward and further establish our commitment to creating world-leading solutions for the robotics automation, products and services Bots, Inc. is developing."
"The team, the vision and the opportunity to work at BTZI is great! I am looking forward to solving complex technological issues and develop new products that will help the company to deliver on its core mission with advanced robotics technologies. I'm looking forward to leading the technology team at Bots Inc.," commented Mr. Pashkov of his new appointment.
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, our 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:
Paul Rosenberg
CEO
paul@bots.bz
Source: Bots, Inc.
© 2021 GlobeNewswire, Inc.
The market is saturated with fiat money ATM's. Between people staying at home due to Covid and the growth of online banking of course fiat money ATM's aren't a growth industry. That has absolutely nothing to due with the growth of Cryptocurrency ATM's Currently there are 470,135 ATM's in the US, not including the numbers worldwide. Until every one of them is equipped with crypto capability, there is a market for BTZI's patent. Moreover, if Bots is successful in establishing their Crypto network, the market will expand worldwide.
there is no way this is with $1.4 billion market cap.
They are betting the cart on being patent trolls on atms lol!!
By that logic, why do ATM's exist at all. There's no more rational for ATM use with fiat currency than for crypto currency. Yet they're everywhere and are goldmines for their owners, franchisers and network owners.
You've got it backwards. Cryptocurrency is dependent on blockchain technology. Blockchain is a programing technique that's employed in tracking crypto coins so that no two people/entities can claim they own the same coin. That programming technique can be used in many different software applications that have nothing to do with crypto currency, e.g. tracking real estate transactions, plane reservations, vacation resort timeshare points. etc. Blockchain programming/consulting is not dependent on cryptocurrency.
You're the one that doesn't get it. Saying...
After the SEC suspends, it has up to five years to decide whether to bring formal charges or not.
The SEC takes its own time to decide whether there will be further actions taken against the company or its officers/insiders. They have those 5 years to decide whether to take them, and within those 5 years, market makers won't put their names on a 211. That's just the way it is.
There is no universe in which a viable EV battery technology winds up in the laps of the bagholders of a non-reporting stinky pink company.
I think their suspension had more to do with their announced acquisition of Medicevo. The company had made claims about destroying the Covid-19 virus with their new face mask. That combined with the rapid rise of the stock before the halt would have forced the SEC's hand. In reality, I don't think the price spike had anything to do with Medicevo masks but with excitement about their battery technology. COUV has since indicated that they will sell Medicevo back to it's owner.
The SEC suspended trading on COUV on February 10, 2021 thru February 24. It has now resumed trading and the company has indicated they don't agree with the suspension and intend to do everything necessary to resume trading on the OTC market or NASDAQ ASAP...
SEC Suspension
Corporate Universe Response to SEC Suspension
Corporate Universe Shareholder Update
Corporate Universe Updates
LOL I don't think most of the people invested in COUV do so because they have a safer battery.
Gagged TA's are a myth. Most TA's won't take calls from shareholders simply because it's a pain, it doesn't make them any money and they don't want to absorb the cost of dedicating a person to answering shareholder calls.
...Here's another company working with this technology...
Ultra-Fast Carbon Electrodes for Revolutionary EV Battery Performance - Oct 29 2020
Oxford-based ZapGo has previously exploited the first carbon-ion battery that combines the super-fast charging capabilities of a supercapacitor with a Lithium-ion battery's performance.
In 2014, Power Japan Plus revealed a new battery technology, Ryden dual carbon, focusing on medical devices and satellite applications, using carbon materials that last longer and charges 20 times faster than lithium.
NAWA’s new Vertically Aligned Carbon nanotube (VACNT) electrode for batteries is expected to increase battery capacity by a factor of up to three while reducing charging time down to minutes instead of hours.
“NAWA’s Ultra Fast Carbon Electrode will allow us to charge batteries faster, go further and for longer – and all with a product based on one of the world’s most abundant and green materials: carbon.”
Ulrik Grape, CEO, NAWA Technologies
NAWA officials have said a basic rendition of their new technology will likely be on the market by 2022, and a more fully realized ultra-fast carbon nanotube battery could be on the market in 2023. Bringing the technology to the market will be based on collaboration with lithium battery companies.
The French company has already been recognized for its ultracapacitor technology. It has announced that the new electrode technology currently being applied to its ultracapacitors can quickly adapt to modern lithium-ion batteries.
As groundbreaking as this technology may be for electric vehicles, it could also represent an enormous leap forward for aviation. Currently, the energy density, charging times, and lithium-ion batteries' weight are serious issues for the commercial feasibility of zero-emission aircraft.
The company has 70 patents that say the technology exists. It just needs to be commercialized. Here's a competitor working on the same technology...
New Dual Carbon Battery Charges 20x Faster Than Lithium Ion
Power Japan Plus has announced an innovative new battery that charges up to twenty times faster and lasts longer than high-end lithium ion batteries. The company boasts that electric vehicles with the ability to drive 300 miles (480 km) on a single charge may soon be a reality. The Ryden dual carbon new battery is cheaper, safer, and 100% recyclable, making it an attractive option that could bring high-performance electric cars to market more quickly.
“Power Japan Plus is a materials engineer for a new class of carbon material that balances economics, performance and sustainability in a world of constrained resources,” said Dou Kani, CEO of Power Japan Plus in a press release. “The Ryden dual carbon battery is the energy storage breakthrough needed to bring green technology like electric vehicles to mass market.”
The battery was developed in partnership with Kyushu University in Japan. The beauty of the battery is in its simplicity. The anode and the cathode of the battery are both made out of carbon with an organic electrolyte solution that allows for ion current to flow separately. This also does not require the use of any rare Earth metals or other rare metals, significantly cutting down on the price of each unit.
Thermal stability means that this battery will not heat up while in use or during charging, and removes the threat of thermal explosion and making for a safer battery. This also means that expensive cooling systems do not need to be used, also driving down the price. The battery is stable enough to be discharged completely without harming the longevity of the product. Currently, the Ryden battery is rated for 3,000 charge/discharge cycles before the function of the battery begins to diminish. To put that into perspective, current electric cars advertise 300-500 charge cycles before the owner needs to think about replacing the battery.
Eventually, Power Japan Plus hopes to expand this technology and create other batteries whose only active ingredient is organic carbon sourced from organically grown cotton. This will allow them to control the size of the carbon crystals, enhancing product performance.
The Ryden dual carbon battery will be on exhibit at the Electric Drive Transportation Association Conference & Annual Meeting on May 20 and 21. Production is set to begin soon, initially producing 500-5,000 batteries per month. The first batteries produced are slated to be used in satellites and medical devices, and will expand operations when the technology is licensed out for use in electric vehicles.
Late last year, research demonstrated that hemp batteries can be more powerful than commonly used lithium and graphene. Researcher and popular YouTuber Robert Murray Smith discusses the experiment at length in a recent video.
He began by observing a Volts by Amps curve of both the lithium and hemp batteries. Much to his surprise, the power beneath the hemp cell 31 times greater than that of the lithium cell. The use of hemp in batteries is not new. In 2014, researchers in the US discovered that unused fibers from hemp can be converted into “ultrafast” batteries that are “better than graphene.” Dr. David Mitlin of Clarkson University, New York led this experiment into hemp tech. Scientists ‘cooked’ waste bark fibers of hemp and transformed them into ‘carbon nanosheets.’
“We’re making graphene-like materials for a thousandth of the price – and we’re doing it with waste. The hemp we use is perfectly legal to grow. It has no THC in it at all – so there’s no overlap with any recreational activities.”
Dr. David Mitlin
I agree! Perhaps you misread my post. I was simply pointing out that every stock that goes down in price isn't scam. Some people seem to think if they lose money on an investment, it has to be a scam.
the SEC has five years to decide whether to bring formal charges or not.
It is possible for C-Ion to try to get a MM to file a Form 211 on their behalf. But that is very unlikely unless and until they file to become fully reporting.
This is what investors here were looking for IMO.
Im quite certain that those investors that purchased COUV shares at almost 90 cents recently and have lost 80% of the value would consider COUV a share selling scam.
Show me a government regulation that prohibits the government from contracting with a penny stock. Just more made up BS. If you can meet the requirements in a bid at a lower cost than the competition you win the bid. The government doesn't discriminate.
One of my insurance customers is a small government contractor. Government contracts can be and are quite lucrative.
New PR out...
BOTS INC Launches US Government Contracting Department- Enters B2G Category
SAN JUAN, Puerto Rico, Feb. 26, 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 and manufacturing industry announced today the launch of its US Government contracting department. The new B2G department (Business to Government) will engage in sales and marketing of goods and services to federal, state, and local agencies and will solicit State and Federal contracts focusing our core competency products and services lines: Robotic Automation, Cyber Security and Blockchain Supply Chain Management.
Government contracts are a tremendous financial opportunity for small public companies, especially in the new era of contactless robotic automation which is now required to fight current as well as avoid future pandemics.
The U.S. government is the largest customer in the world. It buys all types of products and services — in both large and small quantities — and it’s required by law to consider buying from small businesses.
The US government wants to buy from small businesses for several reasons, including: To ensure that large businesses do not “muscle out” small businesses, to gain access to the new ideas that small businesses provide and to support small businesses as engines of economic development and job creation.
Bloomberg Government published a report earlier this month about the landscape for federal contracts as 2021 began and the new Biden administration prepared to take over. This comes after civilian agencies’ contract spending hit a record high of $228 billion in fiscal 2020––an increase of 17% ($33.5 billion) from 2019––mainly due to the pandemic.
“Continued efforts to combat the COVID-19 pandemic are likely to drive increases in agency contract spending throughout fiscal 2021,” said the report. “While much of the current spending is related to vaccine development, fiscal 2021 could play out as a transition to production and deployment activities resulting from a potential vaccine,” the report continued. “In addition, legislators are considering future economic stimulus spending that could replenish disbursement to select agencies such as the Small Business Administration.”
In fiscal 2020, agencies that spent the most on the coronavirus were the Health and Human Services, Defense and Veterans Affairs departments.
Another economic stimulus package could affect agencies’ spending, according to Bloomberg. Since the report was published, Congress approved a $900 billion coronavirus relief bill combined with a $1.4 trillion omnibus spending package for fiscal 2021. In the relief package, Section 3610 from the $2.2 trillion CARES Act, which allows federal agencies to use their funds to give contractors sick or paid leave during the pandemic if they are not able to access their worksites or telework and was extended until March 31, 2021.
"We have been preparing to gain access into working for the US Government for some time now. We believe that launching a US Government sales department utilizing all our technology assets and human resources can produce exponential revenue growth. Our B2G team has been concentrating its efforts to apply and become a registered US Government vendor and we may be prepared to start bidding on contracts as early as next week," said Paul Rosenberg, Bots Inc’s CEO.
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, our 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:
Paul Rosenberg
CEO
paul@bots.bz
Source: Bots, Inc.
© 2021 GlobeNewswire, Inc.
SEC doesn’t have the manpower to check every PR about $4m purchase orders
will COUV stock be current and off the gray market before June when all OTC companies have to be pink current of be delisted.
if someone put in a buy order at 3$ wouldn't that jump the price there skipping all the sell orders in the middle since its on the greysheets ?
Some brokerages don't allow trades on the grey market. I'm not familiar with E-Trade's policies but they may be one of them.
You might try calling your broker. Perhaps that's they only way they allow a grey market trade.