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There's going to be a long wait until the Form 10 is filed. Until then there will be people needing to sell their shares for various reasons. I expect the price will be all over the place during that time. MM's main function is to try to keep the trading orderly. Without them, we'll probably see a lot of volatility.
just because they were granted a patent doesn't mean there are not ways around that patent.
The SEC takes information disclosed in PR's as seriously as 8-K's. If you don't believe me, have your company try claiming your CBD oil cures cancer in a PR and see what happens. BTZI has been including the following disclaimer in all of their PR's for the past year or so...
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
LOL My bad. (I was thinking 12 PM)
Well, it's 15 minutes past 11:59 EST so I tried to place a test sell order for 100 shares and it was rejected. The message said it was due to suspension. I guess we wait until tomorrow.
It may be that the trading systems may still have COUV blocked but that it could be possible for large (qualified) investors to place paper trades.
I imagine that since they are now managing BTZI, they may have some concern about dumping up to 100 million shares into the hands of BITCF shareholders who may want to just sell them to cash out. This could potentially put downward pressure on the BTZI pps. Until recently BTZI was trading under $.05/share. Now that it's up over $.20/share, people who receive dividend shares may not be as quick to cash out. BITCF shareholders may actually be lucky they didn't get the shares and sell them when they were trading around $.02/share.
In any event, timing is important and they may wait for BTZI to become current on their financials (which they claim will happen soon) before announcing details on any share dividend.
The patent was granted by the USPTO in 2014. It's enforceable. It covers the basic operation of an ATM that deals in Bitcoin. Most commonly used cryptocurrencies are indexed to bitcoin. The advantage to cryptocurrency ATM's is that you don't need a bank account. There is a vast market for Crypto ATM's which replace check cashing businesses that charge outrageous fees and interest rates. There are currently over 13,000 Crypto ATM's in the US, up from around 2,500+ in 2019. Why would there be such growth if there was no market for these ATM's. The profitability of these machines is posted at Coinatmradar. The ROI for a machine varies from 3 months to 2 years depending on location. Here's one example...
insert-text-here
Cottonwood Vending bitcoin ATM in NYC
The following article on Bloomberg contains some valuable information about volume that bitcoin ATM’s bring to operators. CoinBTM (Cottonwood Vending) operates bitcoin machines in NYC area solely. At the end of 2018 there are roughly 90 machines in operations. The company applied for Bitlicense and provided operational details. From the linked aritcle it follows that:
It has 13 employees and gross annual revenue exceeding $35 million—about $385,000 in cash per machine, according to court records.
So on average one ATM brings $32K in gross revenue per month. This is pretty close to estimation that was obtain during a survey in the past, when on average bitcoin ATM was reportedly bringing $20-30K in revenue per month.
Same article claims that company charges 19% or more from customers (actually the fee size is tiered from 6% for large amounts to 20% for small amounts). If average of 13% is taken, it results in roughly $4000 gross profit per ATM per month, which for the network of 90 ATM’s is roughly a $4.3 million in gross profit per year.
The company pays $500 to one of the locations for renting space for ATM’s per month.
Robert William Kearns (March 10, 1927 – February 9, 2005) was an American engineer, educator and inventor who invented the most common intermittent windshield wiper systems used on most automobiles from 1969 to the present. His first patent for the invention was filed on December 1, 1964, after a few previous designs by other inventors had failed to gain any traction in manufacturing.
Kearns won one of the best known patent infringement cases against Ford Motor Company (1978–1990) and a case against Chrysler Corporation (1982–1992). Having invented and patented the intermittent windshield wiper mechanism, which was useful in light rain or mist, he tried to interest the "Big Three" auto makers (General Motors, Ford, and Chrysler) in licensing the technology. Each rejected his proposal, yet began to install electronic intermittent wipers based on Kearns's design in their cars, beginning in 1969, when Ford rolled out the feature to its Mercury line.
I suspect that the people backing COUV and the people backing Carbon Ion may be the same people or were at least planning this arrangement together several months before the merger/acquisition was set in motion. MM's are money driven like any business. I don't think they'll have any trouble finding an MM. JMO
Apparently they have some funding or they couldn't have ordered the mining rigs. 50,000 additional rigs would cost another $250,000,000. Paul has to have something up his sleeve to entertain that thought.
Back in January, I estimated that a pps of $.22 to $1.00/share was rational based on the earnings from the ATM patent alone. See my post # 107665...
BTZI Post # 107665
That was based on 9000 Bitcoin ATMs installed in the US. This country now has 13,305 installations with 15,770 worldwide. The estimated share price also doesn't factor in bitcoin mining or any of the other potential revenue producing products and services announced by Bots over the past few months.
Bot's tweeted last night that 3rd quarter financials (through 1/31/21) have been forwarded to the auditors and we should see the company become current soon. They should give us some solid answers. Stay tuned.
You indicated recently that you thought the purchase order PR from Bots regarding the purchase of 1,000 state of the art mining rigs for $4,000,000 was just planned and that they would be able to cancel the order. I argued that the purchase order triggers a sale and build order at the manufacturer. I wanted to say it would require a deposit but didn't have anything in the PR to back it up. Here are details of a similar PO issued by Marathon Patent Group from their 8-K on 12/23/2020...
Marathon Patent Group 8-K
On December 23, 2020, Marathon Patent Group (the “Company”) executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered in July 2021, and the remaining 63,000 units to be delivered in December 2021. The purchase price is $167,763,451.93. The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021.
Bitcoin is becoming increasingly difficult for amateurs to mine and almost impossible using conventional PC's or desktops. Bots will be purchasing 1,000 new state of the art rigs and potentially adding 50,000 more over time. In the meantime, they plan to join a massive mining pool which will increase their odds of successfully getting their share of new coins. Here's more info on the pool...
MARATHON PATENT GROUP AND DMG BLOCKCHAIN SOLUTIONS TO FORM THE DIGITAL CURRENCY MINERS OF NORTH AMERICA (DCMNA) AND LAUNCH NORTH AMERICA’S FIRST COOPERATIVE MINING POOL - JANUARY 05, 2021
VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group Inc. (NASDAQ: MARA), (“Marathon”) and DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTC US) (FRANKFURT: 6AX) (“DMG”) have entered into a non-binding memorandum of understanding to form Digital Currency Miners of North America (“DCMNA”), which will be a U.S.-based non-profit entity whose mission is to create a better mining environment for North American miners, to help improve their financial performance, and to create North America’s first cooperative mining pool.
Marathon Patent Group and DMG’s U.S. subsidiary, Blockseer, are working together to establish DCMNA, a non-profit entity focused on North American digital currency opportunities, including decentralizing the Bitcoin hashrate and providing more transparency for North American miners. DCMNA’s principal initiative is to create North America’s first cooperative mining pool by licensing Blockseer’s mining pool to all DCMNA members in a cooperative structure. Mining partners who are members will receive rebates based on the hash rate they contribute to the overall pool, thus improving the mining profitability of DCMNA members.
As a founding member of DCMNA and one of North America’s largest enterprise Bitcoin mining companies, Marathon will put all of its mining hashrate (equivalent to 10.36 EH/s, or 7.6% of the total Bitcoin network’s hashrate, if all miners were deployed today at current levels) into the pool.
Benefits of the mining pool include, but are not limited to:
* Profit sharing, whereby miners receive rebates based on their contributed hashrate
* Increased transparency as all financial information will be audited by a third-party U.S.-based financial audit firm
* Lobbying efforts to improve the policies and regulatory environment in North America for miners
* “Clean block mining” that adheres to the Office of Foreign Asset Control’s (OFAC’s) compliance standards and reduces the risk of mining blocks that include transactions linked to nefarious activities
DCMNA is focused on increasing transparency, trust, and accountability in the emerging mining industry, particularly as more institutions embrace Bitcoin as a store of value. Unlike other Bitcoin mining pools, Blockseer’s pool will be audited by an independent auditing firm, ensuring that the miners receive accurate rewards and that auditors and regulators can trust the data provided. Using DMG’s proprietary patent pending technologies, the pool will also create transaction blocks that specifically omit any transactions deemed risky by Walletscore, and which may not meet OFAC standards. As a result, North American miners who are DCMNA members will reduce the risk of the blocks they mine containing transactions tied to criminal or terrorist-related activities.
DCMNA will also act as unified group to lobby government bodies and regulators on behalf of its membership
Just profit taking after a 160% one day run last friday.
also
12:21 PM EST, 02/22/2021 (MT Newswires) -- Riot Blockchain (RIOT) shares fell 8.1%, Marathon Patent Group (MARA) plunged more than 11% and several other companies dropped Monday after bitcoin declined on concerns about the cryptocurrency's recent jump to a record and a selloff in global markets.
Shares of the currency fell as low as $47,780.75 Monday after recording an all-time high of $58,354 on Sunday, according to data from Coindesk
Who said they changed the deal? The company COUV didnt say they changed the deal!
The December 16th PR put out by this scam clearly says they have a definitive letter of intent TO ACQUIRE Carbon Ion Energy Storage Inc
So now they say its A MERGER! What a knee slapper.
The company COUV didnt say they changed the deal!
This is deception and manipulation of a public entity for personal gain.
The end result is the same but there are accounting considerations that would favor a merger over an acquisition or vice versa. From the Journal of Accountancy...
Difference Between Mergers and Acquisitions
IN A MERGER, THE PARTIES NEGOTIATE how relative value will translate into the amount of ownership each party will have in the new company. In an acquisition, the parties negotiate how the relative value contributed to the new enterprise will translate into the purchase price.
TWO GOOD REASON FOR PARTIES TO MERGE rather than treat the combination as an acquisition are that a merger does not require cash and may in some cases be accomplished tax-free for both businesses.
TWO ADVANTAGES OF A STOCK ACQUISITION are that it’s a faster and easier transaction than an asset purchase and the buyer does not experience the dilution of ownership that occurs in a merger.
Nothing in the pr is factual
They do not have these hardwares in place
Planning to develop
Potentially expanding
As a result, BTZI is now planning to develop a large bitcoin mining farm in West Virginia, potentially expanding to 50,000 Bitcoin mining rigs once initial tests show promising results.
Most of the crypto mining articles I've read point to mining pools (combining multiple mining operations) as being the most profitable and efficient way to mine crypto in the future...
Bots Inc issues purchase order to acquire one thousand next generation bitcoin miners for four million dollars expanding further into lucrative bitcoin mining business
BTZI is planning to join the Digital Currency Miners of North America (DCMNA) and North America’s First Cooperative Mining Pool formed by NASDAQ listed Marathon Patent Group Inc., and TSX listed DMG Blockchain Solutions Inc.
Let's hope we can duplicate their success with BTZI.
Here are two of BTZI's main competitors in Bitcoin Mining...
RIOT - Riot Blockchain - Current pps = $73.50 - OS = 50,927,171 shares
HVBTF - Hive Blockchain - Current pps = $5.53 - OS = 346,929,218 shares
Both company's share prices have been skyrocketing the past few weeks. Looks like it's BTZI's turn to fly.
I share a lot of your concerns but I think your wrong here. When someone places a $4 million purchase order for hardware, it triggers the vendor to start building the machines (in this case 1,000 of them) and the vendor records a sale. Paul could have said they issued a letter of intent if he were just trying to pump. This looks solid.
PS. This has nothing to do with ATM's. See my last post.
Rosenberg's Bitcoin miner ATMs vs Cryptocurrency ATMs...So why does he need to buy new ATM's if he already has ATM's that he never did anything with?
KEY TAKEAWAYS
* By mining, you can earn cryptocurrency without having to put down money for it.
* Bitcoin miners receive Bitcoin as a reward for completing "blocks" of verified transactions which are added to the blockchain.
* Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
* You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
...Miners are getting paid for their work as auditors. They are doing the work of verifying the legitimacy of Bitcoin transactions. This convention is meant to keep Bitcoin users honest and was conceived by bitcoin's founder, Satoshi Nakamoto. By verifying transactions, miners are helping to prevent the "double-spending problem."
Double spending is a scenario in which a bitcoin owner illicitly spends the same bitcoin twice. With physical currency, this isn't an issue: once you hand someone a $20 bill to buy a bottle of vodka, you no longer have it, so there's no danger you could use that same $20 bill to buy lotto tickets next door. While there is the possibility of counterfeit cash being made, it is not exactly the same as literally spending the same dollar twice. With digital currency, however, as the Investopedia dictionary explains, "there is a risk that the holder could make a copy of the digital token and send it to a merchant or another party while retaining the original."...
...Once miners have verified 1 MB (megabyte) worth of bitcoin transactions, known as a "block," those miners are eligible to be rewarded with a quantity of bitcoin...
..."So after all that work of verifying transactions, I might still not get any bitcoin for it?"
That is correct.
To earn bitcoins, you need to meet two conditions. One is a matter of effort; one is a matter of luck.
1) You have to verify ~1MB worth of transactions. This is the easy part.
2) You have to be the first miner to arrive at the right answer, or closest answer, to a numeric problem. This process is also known as proof of work...
..."What do you mean, 'the right answer to a numeric problem'?"
The good news: No advanced math or computation is involved. You may have heard that miners are solving difficult mathematical problems—that's not exactly true. What they're actually doing is trying to be the first miner to come up with a 64-digit hexadecimal number (a "hash") that is less than or equal to the target hash. It's basically guesswork.
The bad news: It's guesswork, but with the total number of possible guesses for each of these problems being on the order of trillions, it's incredibly arduous work. In order to solve a problem first, miners need a lot of computing power. To mine successfully, you need to have a high "hash rate," which is measured in terms of megahashes per second (MH/s), gigahashes per second (GH/s), and terahashes per second (TH/s).
That is a great many hashes.
If you want to estimate how much bitcoin you could mine with your mining rig's hash rate, the site Cryptocompare offers a helpful calculator...
... There will eventually come a time when Bitcoin mining ends; per the Bitcoin Protocol, the total number of bitcoins will be capped at 21 million.2? However, because the rate of bitcoin "mined" is reduced over time, the final bitcoin won't be circulated until around the year 2140. This does not mean that transactions will cease to be verified. Miners will continue to verify transactions and will be paid in fees for doing so in order to keep the integrity of Bitcoin's network...
...The rewards for bitcoin mining are reduced by half every four years. When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC. In November of 2020, the price of Bitcoin was about $17,900 per Bitcoin, which means you'd earn $111,875 (6.25 x 17,900) for completing a block.3? Not a bad incentive to solve that complex hash problem detailed above, it might seem...
..."How do I maximize my chances of guessing the target hash before anyone else does?"
You'd have to get a fast mining rig, or, more realistically, join a mining pool—a group of coin miners who combine their computing power and split the mined bitcoin. Mining pools are comparable to those Powerball clubs whose members buy lottery tickets en masse and agree to share any winnings. A disproportionately large number of blocks are mined by pools rather than by individual miners...
...The site Cryptocompare offers a helpful calculator that allows you to plug in numbers such as your hash speed and electricity costs to estimate the costs and benefits.
There is some substance here. You don't issue a $4 million purchase order unless you can come up with $4 million. This is the first hint we've seen of the company's financial position in months.
"No further action" letters are not automatically issued. They are requested...
No action letters
A letter from the SEC stating that it will seek no civil or criminal penalties for a given activity. The SEC sends no-action letters in response to inquiries from organizations regulated by it. For example, if a company wishes to take a certain action but is uncertain as to its legality, it requests clarification from the SEC. Receiving a no-action letter equates to permission to take the action in question.
...no mm will sponsor a 211 until either the 5 year statute of limitations runs out or the sec issues a no further action letter.
I don't know where you keep coming up with this continuing enforcement action. When a company is halted by the SEC/FINRA, the regulatory bodies have already made a determination that a lack of information or business practices of the company pose a risk to investors. From that point on it's up to the company to restore the SEC's and the publics faith in it's legitimacy.
On the major exchanges, companies simply resume operations immediately after the 10 day halt expires. The company's share price takes a hit due to public confidence and will recover based on the companies future actions.
On the OTC, it becomes more complicated since companies are downgraded to the grey market and must complete the Form filing process to be reinstated to pink or better status. Again, it's up to the companies to prove to a market maker that they have resolved the issues identified by the SEC. Unless the SEC has referred a criminal investigation to the FBI or new information has been brought to the SEC's attention, there is no continuing enforcement action other than the normal oversight the SEC performs with every other company.
As for the timeline, it typically takes three months to prepare and file a Form 10. The Form 10 then automatically becomes effective after another 60 days. The good news is that the main time consuming portion of the Form 10 is the audit. COUV engaged their audit firm and legal counsel back on January 20 so they have about a one month head start. Nevertheless, we are probably looking at 5 or six months to get the stock situation in order. On the other hand, I'm not sure it wouldn't have taken about the same amount of time, even without the SEC halt, for the company to become current in it's financial reporting. The halt only makes it more critical for them to do so.
In the meantime, there's no reason that the merger, the technology and potential sales contracts couldn't move forward, even if the shares are only trading on the grey market.
PR today...
05:56 AM EST, 02/16/2021 (MT Newswires) -- Ideanomics (IDEX) shareholders may sell from time to time up to 12.6 million common shares, according to a registration statement filed with the Securities and Exchange Commission late Friday.
The selling securityholders named in this prospectus may use this prospectus to offer and resell from time to time up to 12,589,350 shares (the “Shares”) of our common stock, par value $0.0001 per share (“Common Stock”). As previously disclosed on our Current Report on Form 8-K filed with the Commission on January 19, 2021, on January 15, 2021, the Company acquired 100% of privately held Wireless Advanced Vehicle Electrification, Inc. (“WAVE”) for an aggregate purchase price of $50,000,000 in a combination of $15,000,000 of cash and $35,000,000 worth of Ideanomics Common Stock as consideration (such $35,000,000 worth of Ideanomics Common Stock, the “WAVE Transaction Consideration Common Stock”), subject to customary purchase price adjustments. WAVE is a provider of wireless charging solutions for medium and heavy-duty electric vehicles. The WAVE Transaction Consideration Common Stock was issued to the former stockholders of WAVE (the “Selling Securityholders”) in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Company has since agreed with the Selling Securityholders to register the WAVE Transaction Consideration Common Stock under the Securities Act. We will receive no proceeds from any sale by the Selling Securityholders of the shares of Common Stock offered by this prospectus and any prospectus supplement, but we have agreed to pay certain registration expenses.
We will not receive any of the proceeds from the sale of the Shares by the selling securityholders.
Virus apocalypse. LOL
LOL I think with Bill Gates' billions, he would simply slap a few million on COUV to cover his bets. Unlikely he's losing any sleep over COUV.
Moderators can only remove/change content that they themselves posted. But I agree, 1vman also needs to also remove the outdated mCig content.
The Bitcoin ATM patent is real. The question is whether it will be challenged in court and how long any litigation could tie up enforcement. Bots' offer to create a global ATM network was a brilliant move and could make it worthwhile for defendants to skip litigation and just accept the patent as a way to join the network.
An announcement of progress on enforcing the Bitcoin Patent could drive this higher.
Yeah grorate. I agree as well. I'd like to see more solid info on revenues. But like you said. The company is still here and virtually debt free. While Paul Rosenberg has made some bad decisions and the company has had it's share of bad luck over the years, Paul has done a good job of keeping the company afloat with minimum dilution. Hopefully, this pps movement will last and we'll be seeing some real news on revenues shortly.
The currently contemplated deal between COUV and Carbon Ion pretty much mimicked a SPAC deal. I'm not sure that creating a formal SPAC under COUV at this point would buy shareholders much. We're still owners of COUV and until COUV shares can start trading again we're stuck even if COUV owns millions in assets. We'd have to be offered dividend shares in a new post SPAC company and that would take time, assuming Carbon Ion were even still interested in consummating a deal.
I'm not familiar with the PSAC deal. It seems though that they did pretty much what Carbon Ion was trying to do with COUV. COUV is just a shell. Carbon Ion was looking for a quick way to go public and that's what a merger with COUV would have done for them.
If COUV were able to relatively quickly respond to the SEC halt and start trading again the deal could still possibly go through. But, unless Carbon Ion was the reason for the halt, they are holding all the cards including the law firm and auditor connections that could help resolve the issues.
It will be interesting to see what COUV discloses on Monday. If they are transparent and can explain the SEC's concerns and defend their actions there still may be hope for shareholders to recover. On the other hand we might find the SEC's charges to be more serious than we thought. Right now we just don't know enough about why they were suspended to draw any conclusions.
New PR is out...
BOTS, Inc. Announces Blockchain and Robotics Based Initiative to Optimize Supply Chain Management for the Legal Cannabis Industry
San Juan, Puerto Rico, Feb. 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOTS, Inc. (OTC MARKETS: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing cyber-security, digital robotics automation and A.I. for the manufacturing industry, announced today its initiative on building a global supply chain platform based on advanced blockchain technology with a focus on the legal cannabis industry. Cannabis companies will benefit from blockchain technology for a range of applications, from optimizing efficiency to transparency in business transactions, to securely storing and monitoring inventory, financial and regulatory data on the blockchain involving a concept known as "Seed-to-Sale."
Technology executives in the Cannabis Industry are considering the following key benefits in determining whether and how blockchain technology will serve their Companies:
Transparency and Compliance
Blockchain, by design, enables greater transparency and efficiency. Sharing digital blockchain information in joint-operating agreements reduces, if not eliminates, the need for reconciliations between companies and data hubs controlled by third parties. This completely disrupts the current processes for balloting partners on new projects, performing joint interest billing, and reporting production revenue.
Smart Contracts
The size and volume of contracts and transactions necessary to execute projects in the $22 Billion Cannabis Industry have historically caused significant reconciliation and tracking issues among contractors, subcontractors, suppliers, and regulators. These also pose significant challenges in managing logistics for supplies, tracking costs, and deploying inventory. Companies utilizing our blockchain solutions, however, generate cascading purchase orders, change orders, receipts, and other trade-related documentation and data on inventory by following specific codified rules. Drafting agreements that afford new tracking, bookkeeping, and automation methodologies create a more efficient supply chain, improving capital project spend analytics, and simplifies contractual obligations. Simply put, this game-changing technology provides knowledge of who gets paid and how much, as well as insight into whom along the chain is performing as explicitly and contractually mandated.
Trading and Third-party Impacts
Blockchain technologies are disrupting many industries including legal cannabis markets. Blockchain-enabled applications can also address issues such as reduced costs, reducing fraud, error, and otherwise compromised transactions, and limiting credit risk and transaction finance requirements. By trading cannabis raw materials and finished products on a blockchain solution, market participants benefit from increased exchange speed, improved availability of data, and enhanced reliability and suitability as transactions are verified in real-time. Ultimately, this could result in minimizing transaction errors and overall costs.
Total USA Cannabis sales could rise as high as $37 billion by 2024 according to exclusive projections from MJBizConNEXT Direct published recently.
According to the Cannabis Industry Overview Statistics published by Atheneum Collective:
67% of Americans believe marijuana should be legalized.
87% of the total sales revenue came from the black market.
As of 2020, there are 243,700 legal, full-time cannabis industry jobs.
U.S. cannabis workers report a 10.7% higher median salary than the national average salary.
Thirty-four states have approved marijuana for medical uses (while federal legalization seems inevitable).
Legal marijuana sales are projected to reach $22 billion by 2022 (without federal legalization).
Cannabis sales are expected to top medical sales within the next two years.
The cannabis market will be worth $73.6 billion by 2027.
"As a robotics and A.I. company focused on the development and implementation of proprietary technologies for different industries, we understand the importance of developing new technologies, especially blockchain and A.I.-based innovations, to help companies in the legal cannabis industry to get a competitive advantage and cost efficiency," says Paul Rosenberg, CEO of BTZI.
BOTS Inc reached out to its technology and finance partners and cannabis industry executives, including major licensed producers, regulated quality testing labs, retail distributors, dispensaries, and government regulators. This advanced blockchain initiative is a collaboration among the whole verticals in the cannabis industry. It will be designed to meet industry and specific regulatory requirements. Our BTZI Blockchain and Robotics initiative intend to onboard significant industry participants as we launch our cannabis supply chain solution.
ABOUT BOTS, INC.
Headquartered in San Juan, Puerto Rico, BOTS, Inc., a publicly traded OTC Markets innovator trading under the symbol (BTZI) - is a diversified company developing and servicing blockchain 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, Cyber Security, 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.
Paul Rosenberg
CEO
paul@bots.bz
Source: BOTS, Inc.
© 2021 GlobeNewswire, Inc.
Corporate Universe is a shell corporation and has no revenue until it completes the mergers with Carbon Ion and Medicevo. This is information that was previously disclosed by the company. Until then, all it needs is a mailing address.
LOL Not sure what your driving at...
this might help you out some. see part 3 (b)(2)
Has the Issuer or its predecessor (if any) been subject to a trading suspension order issued by the SEC during the past 12 months? If a trading suspension order has been issued, provide a copy of the order or of the SEC’s public release announcing the trading suspension order.
Check the appropriate box: Trading suspension order or release enclosed. Not applicable
mm's do not sponsor companies that may be facing further enforcement action
Securities trading on national exchanges, such as the NYSE or NASDAQ, can immediately resume trading when a suspension is lifted. When it comes to over-the-counter securities, broker-dealers cannot solicit investors to buy or sell previously-suspended securities until certain requirements are met, but unsolicited trading is permitted.
In particular, broker-dealers must fill out Form 211 with FINRA representing that they have satisfied all applicable requirements of Rule 15c2-11 and FINRA Rule 6432. These rules make sure that broker-dealers have reason to believe that its financial statements and other documents are accurate.
Often times, the price of securities move sharply lower following a suspension since there may be a lack of confidence in management. The price may quickly recover, however, if the issues are deemed to have been resolved.
No broker-dealer may solicit or recommend that an investor buy an OTC stock that has been subject to a trading suspension unless and until FINRA has approved a Form 211 relating to the stock. If there are continuing regulatory concerns about the company, its disclosures, or other factors, such as a pending regulatory investigation, a Form 211 application may not be approved...
...For stocks that are quoted in the OTC market (e.g. stocks quoted on DBOT ATS, Global OTC ATS, and OTC Link ATS, among other venues), quoting does not automatically resume when a ten-day suspension ends. Before OTC stock quoting can resume after a suspension period, SEC regulations require a broker-dealer to review specific information about the company in accordance with Exchange Act Rule 15c2-11 and FINRA Rule 6432. If a broker-dealer does not have confidence that a company's financial statements are reasonably current and accurate in all material respects, especially in light of the questions that may have been raised by the SEC suspension action, then a broker-dealer may not publish a quote for the company's stock. The OTC markets function through dealer systems where only broker-dealers may quote and facilitate trading in OTC stocks.