Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You got me. I misspoke. To your comment that "they don't need to respond" I should have said...
they don't need to respond if they want to stay on the grey market
...and...
However, if they want to trade on a major exchange they have to have a market maker sponsor them with a Form 211 response.
nothing has been asked of the company and nothing is required.
the sec only suspends for one of two reasons, delinquency or suspected fraud.
LMAO There's no comparison between what the SEC has publicly charged against COUV and what your link claims was charged against SCIE. They were essentially claiming that SCIE was a scam. They've only raised questions about COUV's information.
no mm will sponsor a 211 submission while there is a possibility that the sec will bring further enforcement action.
When a stock is halted, SEC Rule 15c2-11 requires that market makers are forbidden to trade the stock until the company finds a sponsoring market maker who will file a form 211 application to FINRA. From the SEC halt order...
COUV Suspension of Trading
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to COUV's securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation that is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information that may relate to this matter, they should immediately contact Scott A. Thompson, Acting Co-Regional Director, at (215) 597-2553, or Kingdon Kase, Assistant Regional Director, at (215) 597-0794. The Commission appreciates the assistance of the Financial Industry Regulatory Authority.
Rule 15c2-11 under the Securities and Exchange Act of 1934 (Exchange Act) governs the submission and publication of quotations by brokers and dealers for OTC equity securities. Specifically, the rule applies to a broker-dealer’s initiation or resumption of quotations for such securities. Pursuant to the Rule, brokers and dealers are required to review and maintain specified information about the issuer of the security before publishing a quotation for that security. Rule 15c2-11 requires specified disclosures be submitted to the Financial Industry Regulatory Authority (“FINRA”) by the issuer’s sponsoring market maker on Form 211 before initiating quotations of a security. Any company seeking quotation of its securities should consult with a qualified going public attorney to discuss FINRA’s disclosure requirements.
Sponsoring Market Makers
In order to use Rule 15c2-11 in a going public transaction, the private company must locate a sponsoring market maker to submit the Form 211 application to FINRA on its behalf. FINRA may render comments to the Form 211 application which the sponsoring market maker and private company must respond to.
Rule 15c2-11 requires that the company have current public information available before the market maker can quote the security. The information required in the Form 211 satisfies the current public information requirement of Rule 15c2-11...
This seems to fit Trump and the Republican aka GQP aka DAFT (Deranged American Fascist Trumpian) party to a T. (N.B. My comments are in italics)...
Wikipedia Definitions of Fascism
A significant number of scholars agree that a "fascist regime" is foremost an authoritarian form of government, although not all authoritarian regimes are fascist. Authoritarianism is thus a defining characteristic, but most scholars will say that more distinguishing traits are needed to make an authoritarian regime fascist....
...In his 1995 essay "Ur-Fascism", cultural theorist Umberto Eco lists fourteen general properties of fascist ideology.[19] He argues that it is not possible to organise these into a coherent system, but that "it is enough that one of them be present to allow fascism to coagulate around it". He uses the term "Ur-fascism" as a generic description of different historical forms of fascism. The fourteen properties are as follows:
1.) "The Cult of Tradition", characterized by cultural syncretism, even at the risk of internal contradiction. When all truth has already been revealed by Tradition, no new learning can occur, only further interpretation and refinement. (e.g. Conservative doctrine of Constitutional Originalism)
2.) "The Rejection of modernism", which views the rationalistic development of Western culture since the Enlightenment as a descent into depravity. Eco distinguishes this from a rejection of superficial technological advancement, as many fascist regimes cite their industrial potency as proof of the vitality of their system. (e.g. GOP efforts to maintain the death penalty and anti-pornography laws and oppose legal abortions)
3.) "The Cult of Action for Action's Sake", which dictates that action is of value in itself, and should be taken without intellectual reflection. This, says Eco, is connected with anti-intellectualism and irrationalism, and often manifests in attacks on modern culture and science. (e.g. Trumps advocacy of quack treatments for Covid-19)
4.) "Disagreement Is Treason" – Fascism devalues intellectual discourse and critical reasoning as barriers to action, as well as out of fear that such analysis will expose the contradictions embodied in a syncretistic faith. (e.g. Trump's attack on the press and elected officials who disagree with him as "enemies of the people")
5.) "Fear of Difference", which fascism seeks to exploit and exacerbate, often in the form of racism or an appeal against foreigners and immigrants. (e.g. Muslim ban, Immigrant deportations and separating children from their parents)
6.) "Appeal to a Frustrated Middle Class", fearing economic pressure from the demands and aspirations of lower social groups. (e.g. Voter suppression laws)
7.) "Obsession with a Plot" and the hyping-up of an enemy threat. This often combines an appeal to xenophobia with a fear of disloyalty and sabotage from marginalized groups living within the society (such as the German elite's 'fear' of the 1930s Jewish populace's businesses and well-doings; see also anti-Semitism). Eco also cites Pat Robertson's book The New World Order as a prominent example of a plot obsession. (e.g. Stop the Steal, immigrant caravan, every democratic program is a plot to make the country into a scocialist state, Qanon)
8.) Fascist societies rhetorically cast their enemies as "at the same time too strong and too weak." On the one hand, fascists play up the power of certain disfavored elites to encourage in their followers a sense of grievance and humiliation. On the other hand, fascist leaders point to the decadence of those elites as proof of their ultimate feebleness in the face of an overwhelming popular will. (e.g. Liberal elites)
9.) "Pacifism is Trafficking with the Enemy" because "Life is Permanent Warfare" – there must always be an enemy to fight. Both fascist Germany under Hitler and Italy under Mussolini worked first to organize and clean up their respective countries and then build the war machines that they later intended to and did use, despite Germany being under restrictions of the Versailles treaty to not build a military force. This principle leads to a fundamental contradiction within fascism: the incompatibility of ultimate triumph with perpetual war. (e.g. Republicans have an enemy in every election, gays, liberals, socialists, communists, immigrants etc.)
10.) "Contempt for the Weak", which is uncomfortably married to a chauvinistic popular elitism, in which every member of society is superior to outsiders by virtue of belonging to the in-group. Eco sees in these attitudes the root of a deep tension in the fundamentally hierarchical structure of fascist polities, as they encourage leaders to despise their underlings, up to the ultimate Leader who holds the whole country in contempt for having allowed him to overtake it by force. (e.g. Trump only idolizes dictators and betrays everyone who supports him )
11.) "Everybody is Educated to Become a Hero", which leads to the embrace of a cult of death. As Eco observes, "[t]he Ur-Fascist hero is impatient to die. In his impatience, he more frequently sends other people to death." (e.g. Trump repeatedly incited his supporters to violence with no regard to their safety - one died on Jan 6 others are facing long prison terms)
12.) "Machismo", which sublimates the difficult work of permanent war and heroism into the sexual sphere. Fascists thus hold "both disdain for women and intolerance and condemnation of nonstandard sexual habits, from chastity to homosexuality." (e.g. Banning Transgenders from the military, opposition to abortion rights)
13.) "Selective Populism" – The People, conceived monolithically, have a Common Will, distinct from and superior to the viewpoint of any individual. As no mass of people can ever be truly unanimous, the Leader holds himself out as the interpreter of the popular will (though truly he dictates it). Fascists use this concept to delegitimize democratic institutions they accuse of "no longer represent[ing] the Voice of the People." (e.g. Delegitimizing the 2020 election and using Russian help to get elected in 2016, corrupting all government institutions for four years)
14.) "Newspeak" – Fascism employs and promotes an impoverished vocabulary in order to limit critical reasoning. (e.g. Trump has been described as using third grade vocabulary in all his speeches)
Looks like MM's are desperately trying to keep today's pps in the red.
I agree with all your points. I was just countering the notion that Nikola abandoned ZapGo because of faulty technology. There was no such finding in the legal brief terminating their LOI.
I read through the legal brief and nothing in it would indicate that the technology isn't real or can eventually perform as claimed. Nikola walked away because they felt that ZapGo management had misrepresented the state of the company and the current status of the technology - it would take more time and cost another $8 million to produce Gen4 and another generation GenX would be needed to get the full results they had promised in the LOI. Surprise, it would take longer than claimed in the LOI and they needed more money to complete development (LMAO what development effort gets done exactly on schedule and budget). It seems the primary reason for the termination of the LOI was that Nikola lost trust in ZapGo's management...
Nikola Corporation vs ZapGo, LTD., STEPHEN VOLLER, CHARLES R. RESNICK, TIM WALDER,
10. Nikola continued to fund ZapGo’s development of the Gen4 storage technology while in parallel confirming the status of the development and the required development efforts and required budget. Finally, ZapGo provided Nikola on 14 February 2020 a detailed timeline and development plan whereby ZapGo could only demonstrate a 25% improvement from the Gen3 technology by Jan 2021. ZapGo also referenced the initial ten cells to be provided according to the LOI on the same date as “check to box” samples” rather than the desired proof of concepts contemplated. Roycht confronted ZapGo over the minimal improvement in ZapGo’s technology. ZapGo responded that it needed at least another year and $8 million more to produce the required “Proof of Concept” development originally contemplated within the LOI. Furthermore, the documented requirements of the Gen4 Cell were found to not be the basis of the financial plan presented by ZapGo, rather a secondary improvement referred to the “GenX” C-ion cell, was required only 2 years after start of production to achieve the competitive cell figures represented in the ZapGo representations.
11. Nikola was shocked because ZapGo had told Nikola that the Gen4 cell with a 36 Wh/L (a measure of energy density) would be ready by May 2020 and because ZapGo had never indicated a second design improvement would be required by 2025, which made the Gen4 cell obsolete only two years after introduction.
12. Roycht did additional research and discovered that ZapGo was on the brink of bankruptcy even though ZapGo postured itself as a $4 billion company and an “equal” to Nikola.
13. Based on ZapGo’s failure to produce a workable Gen4 C-ion cell, Resnick’s indictment for fraud, and ZapGo’s poor financial condition, Nikola decided not to acquire ZapGo, and instead opted for the roughly $2.2 million previously paid in development costs to be converted into ZapGo equity.
Apparently it had little to nothing to do with the technology. ZapGo lied about their finances. They were on the verge of bankruptcy due to poor management. When the Nikola deal fell through they went BK...
What really happened at ZapGo?
To understand what happened at ZapGo we need to start with the central figure: founder and CEO Stephen Voller. He was the public face of ZapGo, which attracted $25m investment on the back of claims that its technology would be able to charge electric vehicles in five minutes.
The $25m was broken down into $5m of grants, $6m in equity and $14m in debt – and it was the 12-15 per cent interest charges on servicing the debt that Mr Voller said forced the company into administration.
The 61-year-old added: “Technology businesses [like ours] don’t fail because the tech does not work – they fail due to a lack of funding.
“As we moved into the Covid crisis in February and March, when we were anticipating closing a funding round, it brought that to a halt – that’s the long and the short of it.”
However ZapGo’s investors give a different version of events and lay the blame firmly at the door of Mr Voller...
...It was about this time that the story took a dramatic twist when ZapGo came onto the radar of Trevor Milton, founder of Arizona-based Nikola Corporation, which was set up to manufacture alternative fuel vehicles and has a multi-billion–dollar valuation.
Exactly what happened next is laid out in papers filed by Nikola in the US District Court for the District of Delaware in March 2020 against ZapGo, Mr Voller, Mr Resnick and chief financial officer Tim Walder.
According to the court documents Mr Milton reached out to ZapGo and Mr Voller touted his expertise as “an experienced business leader and recognised authority on energy storage technologies”.
BusinessCloud contacted Nikola Corporation for a comment and was told: “As a matter of company policy, we do not comment on pending legal proceedings.”
Nikola’s version of events is laid out in the court documents.
The paperwork alleges: “ZapGo, Voller, Resnick and Walder told Milton that if Nikola invested $8m in ZapGo that ZapGo could develop a Generation 4 (Gen4) C-Ion cell (doubling the energy storage over Gen3) in a few months.”
According to Mr Milton, ZapGo claimed that its C-Ion cells were designed for a 30-year operational life and one million charge/discharge cycles.
At the risk of sounding too technical, this was a big claim. The parties signed a Letter of Intent for Nikola to acquire ZapGo on October 31, 2019 for a ‘tentative’ purchase price of $56.5m in Nikola stock.
With the Letter of Intent in place, Nikola began its due diligence with Jason Roycht, vice president of technology development and strategy, meeting ZapGo – which is when things began to unravel.
Mr Roycht went to England to meet with ZapGo on December 4, 2019, and Mr Resnick reiterated that development of Gen4 would be complete in 2020 with production runs beginning in 2021.
Mr Walder said that the Gen4 cell would enable ZapGo to realise revenue of $4.1bn by 2024.
Then came the bombshell. According to the court documents: “During his visit to ZapGo’s headquarters in Oxford, Roycht was researching ZapGo on the night of December 5, 2019 when he discovered that Charles Resnick was indicted on 11 April 2019 by the U.S. Attorney for the Middle District of Florida.
“The indictment alleged that Resnick arranged to meet escorts, prostitutes and call girls during business trips through Europe and the United States while he worked for NASA’s Center for the Advancement of Science in Space. Resnick would then submit the expenses for the prostitutes as a business expense.”
BusinessCloud contacted 69-year-old Mr Resnick at his home in America and although he confirmed he was indicted in the US accused of fraud for submitting receipts for prostitutes as business expenses, he said the charges were subsequently dismissed.
He added that the tax allegations related to 2010-13 when he was being treated for cancer and were several years before he started working for ZapGo or had a relationship with NASA.
According to Companies House Mr Resnick resigned from ZapGo on December 19, 2019 but by then the cracks in the relationship between ZapGo and Nikola were widening.
In summary Nikola didn’t think ZapGo was making the progress they promised and even asked for an additional $8m funding.
The papers filed at the US District Court for the District of Delaware continued: “Roycht did additional research and discovered that ZapGo was on the brink of bankruptcy even though ZapGo postured itself as a $4 billion company and an ‘equal’ to Nikola.”
The relationship broke down completely in February 2020 and Nikola terminated its LOI with ZapGo soon afterwards having clocked up $2,181,508 in development costs. This prompted a counter claim from ZapGo, threatening its own litigation.
What’s not in doubt is that ZapGo, which was already weighed down by crippling debts of $14m, couldn’t continue and on July 23 they called in administrators.
Mr Voller declined to discuss the legal case by Nikola Corporation other than to say he and Mr Walder had filed for it to be dismissed on September 4, 2020.
He also declined to say whether he was trying to buy ZapGo’s IP from the administrators Buchler Phillips, who have been contacted by BusinessCloud.
What we do know that in the week after ZapGo’s administration Mr Voller became a director of two newly incorporated companies called Carbon-Ion Energy Storage Ltd and Oxford Professional Presentations.
What happened before last summer is totally irrelevant. The new management took over a shell company that hadn't produced any revenue in years and in the process acquired virtually zero debt. So basically, it was a blank slate. No one needs financial statements to cover anything prior to July. You wouldn't find anything of much interest.
It seems that everything may have been planned earlier last year. While Andrew Sispoidis formed Carbon Ion to acquire the assets of ZapGo, Isaac H. Sutton acquired the COUV shell in order to take Carbon Ion public. Both Andrew and Isaac are able to pick up cheap shares (more power to them and the rest of the management team) while the new company can start trading immediately from a low pps which will skyrocket with the EV market after the election and once they commercialize the technology in 2021. New shareholders get to participate in the anticipated good fortune and everyone comes out a winner...
Corporate Universe to Acquire Carbon Ion fka ZapGo/Battery EV Technology Company
About Carbon Ion:
Established i(n) July of 2020 to acquire the assets of ZapGo LTD which has developed a new category of energy storage device called Carbon-Ion™ of C-Ion®.
Mr. Andrew Sispoidis , CEO of Carbon Ion said., "I'm proud to join the world class team at Carbon-Ion. The company's scientific and technical foundation is the strongest I've ever seen. The technology is many years ahead of the industry, is ready for commercialization, and it significantly advances the current state of energy storage by many years. Mr. Sispoidis continued, "Although this is a non-traditional path to enter the capital markets, the process moves quickly, provides immediate capital and will allow shareholders to grow with us. The company will move with laser focus on commercializing their products as well will be moving towards a NASDAQ listing in 2021."
Isaac H. Sutton, CEO of Corporate Universe stated, "As I've previously told our shareholders, our goal was to identify opportunity for our shareholders, and in this transaction, I believe we have exceeded expectations and couldn't be more excited to bring this opportunity to the market and our shareholders. Effective with the closing which is targeted before years end, Andrew will assume the CEO position, and I will become the COO. I will be focused on moving the public company expeditiously and compliantly towards a senior exchange, as Andrew and the team are focused on the business of batteries. I believe this next year will be transformative!"
The company is current in their reporting as per OTC requirements. They are classified as "Pink - Current Information"...
Information for Pink Companies
To qualify for Current Information, a non-reporting Pink company may subscribe to the OTC Disclosure & News Service and publish current information pursuant to OTC Markets’ Pink Basic Disclosure Guidelines. All current information will be made publicly available on www.otcmarkets.com. More information on each of these steps is available as noted below:
Companies will be processed for Current Information once all required documentation has been submitted:
Financial Statements: Two most recent Annual reports and any subsequent Quarterly Report
Disclosure Statement: Most recent Annual and any subsequent Quarterly Reports
Attorney Letter covering all relevant information for non-audited companies
The Company Profile has been verified through OTCIQ
It de-registered 12 years ago. Two if not more years of back Q's and K's would need to be filed for that to happen. For both COUV and C-Ion.
And on November 1, 2020 the Company’s attorney filed the required
opinion letter which included a statement that the company was a shell company through the 6/30/2020 filing. At that time, the Company was “Current” in its filing with OTC Markets.
It is a non-reporting stinky pink. "Reporting" means it files to the SEC, not OTC markets.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U - CURRENT REPORT
Pursuant to Regulation A of the Securities Act of 1933
Date of Report (Date of earliest event reported): July 9, 2020
Corporate Universe, Inc.
Medicevo is producing a graphene mask for ppe applications. Here's the connection between COUV's Carbon Ion & Medicevo acquisitions.
Graphene batteries: Introduction and Market News
Graphene, a sheet of carbon atoms bound together in a honeycomb lattice pattern, is hugely recognized as a “wonder material” due to the myriad of astonishing attributes it holds. It is a potent conductor of electrical and thermal energy, extremely lightweight chemically inert, and flexible with a large surface area. It is also considered eco-friendly and sustainable, with unlimited possibilities for numerous applications.
In the field of batteries, conventional battery electrode materials (and prospective ones) are significantly improved when enhanced with graphene. A graphene battery can be light, durable and suitable for high capacity energy storage, as well as shorten charging times. It will extend the battery’s life, which is negatively linked to the amount of carbon that is coated on the material or added to electrodes to achieve conductivity, and graphene adds conductivity without requiring the amounts of carbon that are used in conventional batteries.
Graphene can improve such battery attributes as energy density and form in various ways. Li-ion batteries (and other types of rechargeable batteries) can be enhanced by introducing graphene to the battery’s anode and capitalizing on the material’s conductivity and large surface area traits to achieve morphological optimization and performance.
Graphene-based batteries are quickly becoming more favorable than their graphite predecessors. Graphene batteries are an emerging technology which allows for increased electrode density, faster cycle times, as well as possessing the ability to hold the charge longer thus improving the battery’s lifespan. Graphite batteries are well-established and come in many forms. Similar to graphite, there are now various types of functional graphene derivative electrodes and researchers are discovering multiple benefits when compared to pure graphite electrodes...
...Supercapacitors work by accumulating charges at the electrode-electrolyte interface through polarization, so that the energy is stored. Activated carbon has been the traditional electrode choice, but it suffers from the inability to operate at high voltages. Graphene, and its derivatives, are useful due to their high specific surface area, high conductivity, open-pore structure, production potential and low cost; all of which are desirable properties for a supercapacitor.
I wonder if the graphene used in the masks could also be a battery component. There may be more synergy here than we realize.
COUV changed management on July 9, 2020 when the previous CEO was forced out...
COUV Form U-1
... the company subsequently became current in its SEC reporting...
Supplemental Information - Corporate Universe - Supplemental Filing - Non Shell Status
SUPPLEMENTAL DISCLOSURE STATEMENT
November 11, 2020
Trading Symbol: COUV
Corporate History
The Company was initially incorporated as Cross Atlantic Capital Inc under the laws of the State of Delaware on May 28, 1986. From 1986 to present the Company went through several name changes and on July 16, 2020 the Company was revived and on July 17, 2020 the name was changed back to Corporate Universe Inc.
On July 30, 2020 the Company filed with the SEC Form 1-U, notifying the departure of directors and officers, and the election of a new director and officer. The filing referenced the Delaware Certificate of Revival of the Company’s Charter on July 16, 2020. It also referenced the Settlement Agreement and General Release of the former CEO and Board.
On October 26,2020 the Company filed Financials and Disclosures for the periods 2018, 2019, 3/30/2020 and 6/30/2020. And on November 1, 2020 the Company’s attorney filed the required opinion letter which included a statement that the company was a shell company through the 6/30/2020 filing. At that time, the Company was “Current” in its filing with OTC Markets.
On November 4, 2020 the Company filed Financials and Disclosers for the period of 9/30/2020.
Non-Shell Corporation Status
Since July 16, 2020 through the present, the Company has continuously held material, nonmonetary assets and conducted business.
As shown on the November 4, 2020 filed Financials and Disclosers for the period of 9/30/2020, during this period the company borrowed $37,500, was actively involved in a court case which resulted in the settlement agreement with the former CEO and Board. In addition, new management was able to purchase 108,000,000 common shares and have them retuned to treasury.
Based on the business conducted by the Company since its revival and new management, the Company believes it ceased being a Shell corporation as of July 16, 2020 and has remained a non-Shell corporation since such date.
Looks like people are finally noticing Armata. It's about time. The low OS, 18,701,883 shares, should allow the pps to surge on even a small amount of buying activity.
Looks like you're a bit prescient...
BOTS, Inc. Forms SPAC (Special Purpose Acquisition Company) to Acquire Companies in Robotics Space
JACKSONVILLE, FL, Jan. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOTS, Inc. (OTC MARKET:BTZI), an emerging innovator of products, technologies, and services for the rapidly growing cyber-security, digital robotics automation and AI for manufacturing industry, announced today the formation of Robot Acquisition Corporation (RoboSPAC), a SPAC formed to raise the necessary capital to acquire an advanced, profitable, robotics enterprise. The Company revised its business plan to add “SPAC Sponsor” to its mergers and acquisitions strategies.
The global robotics technology market size was valued at $62.75 billion in 2019 and is projected to reach $189.36 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027. However, we believe that robotics will quickly overtake every aspect of life making this projection of 13.5% extremely modest.
The Five Major Types of Robots
Mechanical bots come in all shapes and sizes to efficiently carry out the task for which they were designed. From the 0.2 millimeter-long “RoboBee” to the 200 meter-long robotic shipping vessel “Vindskip,” robots are emerging to carry out tasks that humans simply can’t. Generally, there are five types of robots:
Pre-Programmed Robots
Pre-programmed robots operate in a controlled environment where they do simple, monotonous tasks. An example of a pre-programmed robot would be a mechanical arm on an automotive assembly line. The arm serves one function — to weld a door on, to insert a certain part into the engine, etc. — and its job is to perform that task longer, faster and more efficiently than a human.
Humanoid Robots
Humanoid robots are robots that look like and/or mimic human behavior. These robots usually perform human-like activities (like running, jumping and carrying objects), and are sometimes designed to look like us, even having human faces and expressions. Two of the most prominent examples of humanoid robots are Hanson Robotics’ Sophia and Boston Dynamics’ Atlas.
Autonomous Robots
Autonomous robots operate independently of human operators. These robots are usually designed to carry out tasks in open environments that do not require human supervision. An example of an autonomous robot would be the Roomba vacuum cleaner, which uses sensors to roam throughout a home freely.
Teleoperated Robots
Teleoperated robots are mechanical bots controlled by humans. These robots usually work in extreme geographical conditions, weather, circumstances, etc. Examples of teleoperated robots are the human-controlled submarines used to fix underwater pipe leaks during the BP oil spill or drones used to detect landmines on a battlefield.
· From Diffusing Bombs to Performing Surgery, VR Robots Have Some Amazing Uses
Augmenting Robots
Augmenting robots either enhance current human capabilities or replace the capabilities which a human may have lost. Some examples of augmenting robots are robotic prosthetic limbs or exoskeletons used to lift hefty weights.
The company plans to raise $100,000,000 from investors utilizing our newly formed SPAC for which Bots, Inc., as its sponsor, will retain up to a 20% interest. We invite any cutting edge robotics business interested in being acquired by a SPAC to contact the Company. While we are primarily interested in Humanoid Robotics as our primary target, we will also consider businesses profiting from any aspect of robotics. The Company registered RoboSPAC.com domain, which will serve as the SPAC’s website.
“Special purpose acquisition companies, or ‘blank-check companies,’ are formed with the purpose of using the proceeds from their initial public offerings to acquire one or more businesses, to be identified after the IPO, usually referred to as ‘targets,’” commented Paul Rosenberg, Company’s CEO.
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.
Contact:
Paul Rosenberg, CEO
paul@bots.bz
Source: BOTS, Inc.
I agree, IDEX should be moving up. I don't get today's pullback unless it's simply some profit taking. I'm targeting $20/share after the next financials are released around March 31 - April 15. Based on news from Washington, this stock is well positioned to take advantage of government purchases and subsidies...
Biden vows to replace U.S. government fleet with electric vehicles
WASHINGTON (Reuters) - President Joe Biden on Monday vowed to replace the U.S. government’s fleet of roughly 650,000 vehicles with electric models as the new administration shifts its focus toward clean-energy.
“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers,” Biden said Monday
Biden criticized existing rules that allow vehicles to be considered U.S. made when purchased by the U.S. government even if they have significant non-American made components.
Biden said he would close “loopholes” that allow key parts like engines, steel and glass to be manufactured abroad for vehicles considered U.S. made.
The White House did not immediately answer questions about over what period Biden planned to replace current vehicles. It could cost the U.S. $20 billion or more to replace the fleet.
Biden’s “Buy America” executive order signed Monday does not direct the purchase of electric vehicles.
As of 2019, the U.S. government owned 645,000 vehicles that were driven 4.5 billion miles consuming 375 million gallons of gasoline and diesel fuel, according to the General Services Administration (GSA). The U.S. government spent $4.4 billion on federal vehicle costs in 2019, the GSA said.
Of U.S.-government vehicles, just 3,215 were electric vehicles as of July 2020, GSA said.
During the campaign, Biden vowed to “make a major federal commitment to purchase clean vehicles for federal, state, tribal, postal, and local fleets.”
He also vowed to create 1 million new jobs in the “American auto industry, domestic auto supply chains, and auto infrastructure, from parts to materials to electric vehicle charging stations.”
Biden backs new consumers rebates to replace old, less-efficient vehicles with newer electric vehicles and incentives for manufacturers to build or retool factories to assemble EVs and parts.
Biden vows to build 550,000 EV charging stations and spend more in clean energy research.
Free shares or not, this doesn't seem like a good time to sell. I bought in today for the first time based on news from Washington. Adomani seems to be well positioned to take advantage...
Biden vows to replace U.S. government fleet with electric vehicles
WASHINGTON (Reuters) - President Joe Biden on Monday vowed to replace the U.S. government’s fleet of roughly 650,000 vehicles with electric models as the new administration shifts its focus toward clean-energy.
“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers,” Biden said Monday
Biden criticized existing rules that allow vehicles to be considered U.S. made when purchased by the U.S. government even if they have significant non-American made components.
Biden said he would close “loopholes” that allow key parts like engines, steel and glass to be manufactured abroad for vehicles considered U.S. made.
The White House did not immediately answer questions about over what period Biden planned to replace current vehicles. It could cost the U.S. $20 billion or more to replace the fleet.
Biden’s “Buy America” executive order signed Monday does not direct the purchase of electric vehicles.
As of 2019, the U.S. government owned 645,000 vehicles that were driven 4.5 billion miles consuming 375 million gallons of gasoline and diesel fuel, according to the General Services Administration (GSA). The U.S. government spent $4.4 billion on federal vehicle costs in 2019, the GSA said.
Of U.S.-government vehicles, just 3,215 were electric vehicles as of July 2020, GSA said.
During the campaign, Biden vowed to “make a major federal commitment to purchase clean vehicles for federal, state, tribal, postal, and local fleets.”
He also vowed to create 1 million new jobs in the “American auto industry, domestic auto supply chains, and auto infrastructure, from parts to materials to electric vehicle charging stations.”
Biden backs new consumers rebates to replace old, less-efficient vehicles with newer electric vehicles and incentives for manufacturers to build or retool factories to assemble EVs and parts.
Biden vows to build 550,000 EV charging stations and spend more in clean energy research.
Just refuting misinformation.
Our findings are that, for most of the firms, name changes are associated with improved performance
It means they've reserved the right to do an offering of securities up to the shelf registration limits at any time as needed (i.e. pull it off the shelf). In this case they have not set any limits. However, they are required to issue a registration supplement beforehand which specifies the details/limits if and when they actually offer/sell any new securities.
Basically, the shelf registration makes the process a little shorter and the paperwork/bureaucracy a little less burdensome if/when they need to draw on/issue additional shares to raise funds. It also puts their shareholders on notice that they may issue new shares in the future.
And look what we have now
New PR out on OBTX...
OBITX, INC. ENGAGES LAW FIRM TO ESTABLISH CORPORATE-SPONSORED SPAC (SPECIAL PURPOSE ACQUISITION COMPANY), EVERYTHING BLOCKCHAIN
Fleming Island, Florida, Jan. 13, 2021 (GLOBE NEWSWIRE) -- OBITX, Inc., (OTC MARKET: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today it has engaged legal consultants in the establishment of a corporate sponsored Special Purpose Acquisition Company (SPAC), Everything Blockchain, a Cayman Island company to acquire emerging companies in blockchain technologies.
The blockchain market was valued at $200 billion in 2017 and is expected to register a CAGR of 46.3% from 2020 to 2025. DAVOS, a World Economic Forum survey suggested that 10% of global GDP will be stored on the blockchain by 2027. On January 7, 2021 the blockchain’s cryptocurrency market exceeded $1 trillion dollars. Cryptocurrencies are now the world’s fifth most circulated currency by value. Multiple governments have published reports on the potential implications of blockchain, and the past two years alone have seen more than half a million publications on and 3.7 million Google search results for blockchain.
Michael Hawkins, OBITX CEO stated, “even with all this news, blockchain is still an immature technology, with a market that is still trying to find its way. Companies are expending large amounts of capital, for example, IBM has more than $200 million invested in the blockchain-powered Internet of Things (IoT). Our vision and goal at OBITX is to find businesses that have garnered success in the blockchain, with similar and sound management and developments, merging them into a leading, trend setting, policy making entity recognized worldwide.”
Mr. Hawkins went on to say, “It is my goal as CEO to increase shareholder value and develop a sustainable, long lasting, and industry leading organization. SPAC’s are companies formed to raise capital in an initial public offering (“IPO”) with the purpose of using the proceeds to acquire one or more unspecified businesses or assets. Sponsoring a Special Purpose Acquisition Company is the next logical step in achieving that goal.”
Forward-Looking Statements
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at https://www.obitx.com.
Michael Hawkins
CEO
info@obitx.com
Source: OBITX, Inc.
© 2021 GlobeNewswire, Inc.
Just a matter of time before this gets halted by the sec
At this point, I wouldn't doubt this gets halted with all the insider shadiness of having mcig insiders involved in all three companies.
I think people just want to see progress and revenue before they commit to a much higher pps.
I don't disagree about the dividend, other than I think it will be delivered eventually. I suspect management has got a performance target for timing the distribution. Perhaps they're waiting for BTZI to become current on their financials and/or start showing some revenue. This could be the condition for awarding the additional 60,000,000 shares and making Bots a full subsidiary. That would probably make the BTZI dividend shares more valuable and make it less likely that the BITCF shareholders would just turn around and sell them (thus driving down BTZI's pps). JMO
You didn't sell them for nothing. You got controlling interest in BTZI and, once all conditions are met, BTZI becomes a subsidiary of First Bitcoin. As a subsidiary, 100% of earnings would flow to First Bitcoin. In the meantime, First Bitcoin can claim a percentage of earning equal to their ownership percentage.