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As they say, past performance is not an indicator of future performance. BTZI started the year as MCIG, a major company in the Cannabis Industry that, despite having spent 6 years as a major player there, was virtually debt free. Keep in mind, Cannabis companies are prohibited by law from engaging in many banking transactions, including taking on traditional bank loans. Today, this prohibition is gone and the company itself is now engaged in the financial industry. They've spent the last year in a major reorganization which includes enforcing a patent they obtained from First Bitcoin that covers virtually all bitcoin and cryptocurrency ATM transactions (see today's PR below). Enforcement of this patent will potentially bring in $18 to $20 million in virtually cost free revenue per year.
Folks, this is an entirely different company with a new Board of Directors and controlling management...
BOTS INC RETAINS PRESTIGIOUS PATENT LAW FIRM TO HANDLE BITCOIN ATM PATENTS AND OTHER BLOCKCHAIN TECHNOLOGIES
No, he stepped down because he didn't properly/fully check out the source of his information about George Bush. His source document was proven to be a forgery. Unlike his contemporaries on the Fox propaganda channel and other right wing rags, news people on CBS were, and still are held responsible for what they publish or air being true. Real news organizations retract stories they find to be false and hold their people accountable for misinformation.
Thanks, and same back to ya and everyone else.
If anyone here gets Netflix, I strongly recommend you check out "Death to 2020" It's a hilarious mockumentary.
Death to 2020
From Cryptonomicon1's post # 107099...
... it seems that the act of a name change serves as a signal that other measures to improve performance such as changes in product offerings and organizational changes will be seriously and successfully undertaken.
As pointed out in that PR...
BOTS INC ACCELERATES DEVELOPMENT OF WORLD'S FIRST BITCOIN ATM CONSORTIUM AND UPDATES POTENTIAL REVENUE PROJECTIONS FOR 2021
According to CoinATMradar.com, as of November 2020, there were over 9400 Bitcoin ATMs installed in the USA. Average Bitcoin ATM kiosk processes 130-180 transactions monthly. This translates into $14- 18 Million as potential income for the Company per year.
The PR states that there are roughly 9,000 ATM's currently in the US. Let's say that the purchase price averages around $10,000 per unit and that each ATM nets about $2,000 per month in fees. Using a very conservative 5% royalty (royalties can run as high as 25%), we can estimate a one time royalty on the sale of currently installed units as...
9,000 x $10,000 x 5% = $4,500,000 one time on current units
$500/unit on future sales
Moreover, since the patent applies to the use of these machines, we can anticipate continuing royalty payments per month of...
9,000 x $2,000 x 5% x 12 = $10,800,000/yr ongoing
$1,200/yr/unit on each future unit sale
This is virtually free revenue folks!
BTZI should realize about $15,000,000 in revenue the first year the patent is enforced with an additional $10,000,000 in subsequent annual revenue. Except for legal fees, these revenues would come at virtually no cost to Bots, and will grow each year as new ATM's are installed. There's also the potential that, at some point, all existing US ATM's will need to incorporate cryptocurrency transactions. This would make them all subject to the patent. However we won't get ahead of ourselves for now.
Let's just conservatively assume that BTZI could bring in $10,000,000/yr in earnings for now. I like to estimate what I refer to as a rational pps range using the following technique...
Using the NYU Stern School analysis of Price/Earnings (P/E) Ratios by Industry, I theorize that BTZI could be categorized under either Financial Services, which has a forward P/E of 16.93x or Software (System & Application) with a forward PE of 76.82x. BTZI currently (as of yesterday) has an OS count of 771,874,596 shares. Using these assumptions, we can estimate a rational price range as follows...
$10,000,000 earnings / 771,874,596 shares OS = $.013 Earnings Per Share (EPS)
$.013 EPS x 16.93 = $.22/share pps to
$.013 EPS x 76.82 = $1.00/share pps
Consequently, based on these assumptions, a price target in the range of $.22 to $1.00 is rational for BTZI. This doesn't mean that the company will hit either of these targets, only that they are possible if all the assumptions are met. Keep these estimates in mind and see if they're borne out by further facts about the company (e.g. future financials) as they come in.
I see the pinwheel on your head took off into space to come up with that one. Duh! The votes all had paper backups. It was those paper ballots that were recounted several times now. No fraud found. SMHLMAO
You turkeys just keep drinking the Kool Aid. Regarding your latest conspiracy, here's the response from the Pennsylvania Department of State
PA Republican lawmakers: Analysis finds presidential election numbers don't add up
The Pennsylvania Department of State released the following statement in response to the Republicans' claims:
"In today’s release Rep. Ryan and others rehash, with the same lack of evidence and the same absence of supporting documentation, repeatedly debunked conspiracy theories regarding the November 3 election. State and federal judges have sifted through hundreds of pages of unsubstantiated and false allegations and found no evidence of fraud or illegal voting.
"Now, the legislators have given us another perfect example of the dangers of uninformed, lay analysis combined with a basic lack of election administration knowledge.
"For instance, it is quite common to have significant "undervotes" for down-ballot races in a presidential election, particularly when there isn't a U.S. Senate race on the ballot. In 2000, Sen. Santorum received 200,000 more votes than President Bush, but the US Senate race still had more than 100,000 fewer votes than the presidential race.
"We are unclear as to what data the legislators used for this most recent “analysis.” But the only way to determine the number of voters who voted in November from the SURE system is through the vote histories. At this time, there are still a few counties that have not completed uploading their vote histories to the SURE system. These counties, which include Philadelphia, Allegheny, Butler and Cambria, would account for a significant number of voters. The numbers certified by the counties, not the uploading of voter histories into the SURE system, determines the ultimate certification of an election by the secretary.
"This obvious misinformation put forth by Rep. Ryan and others is the hallmark of so many of the claims made about this year’s presidential election. When exposed to even the simplest examination, courts at every level have found these and similar conspiratorial claims to be wholly without basis.
"To put it simply, this so-called analysis was based on incomplete data."
They still haven't filed their annual FY20 10-K which was due in mid July or the subsequent 2 quarters. Paul addressed the delay in his 12/9/20 shareholder letter...
BOTS, Inc. CEO Announces Shareholder Update Letter
The company has been very quiet these past few months as our business integration with First Bitcoin Capital LLC., was unfortunately not as smooth as we had hoped it would be. This resulted in the delay of Bots Inc. posting its financial results. However, we are working on the completion of our 1st and 2nd Quarter financials for the company’s 2021 Fiscal Year. Therefore, the company will be current in its financial reporting shortly.
Still spreading the lies. Here's what the Democratic House passed last May and sent to the Senate...
House Democrats pass $3 trillion coronavirus relief package
The bill includes:
- Nearly $1 trillion for cash-strapped state and local governments
- A second round of $1,200 direct payments to individuals, with up to $6,000 per household
- $200 billion for hazard pay for essential workers
- $75 billion for Covid-19 testing efforts
- An extension of the $600 per week federal unemployment insurance benefit through January (it is currently set to go through July)
- $175 billion in rent, mortgage and utility assistance
- A 15% increase in the maximum Supplemental Nutrition Assistance Program benefit
- Repeal of the $10,000 cap on state and local tax deductions for two years, which would help certain states’ budget crunch but benefit higher-income taxpayers most
- Expanded mail-in ballot access, which Republicans oppose
- Relief funds for the U.S. Postal Service
- $10 billion in emergency small business disaster assistance grants
- Subsidies and a special Affordable Care Act enrollment period for people who lose employer-sponsored health coverage
President Donald Trump is demanding lawmakers raise the second round of stimulus checks to $2,000 per person, from $600.
“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple,” Trump said in a video posted to Twitter Tuesday night.
While the president did not outright threaten a veto of the $900 billion Covid relief bill, he did call it an unsuitable “disgrace.”
But if you are one of the people eligible for a stimulus check, don’t get your hopes up. The legislation passed both houses of Congress with veto-proof majorities, meaning that Trump is powerless to raise direct payments from $600.
Still, the top Democrats in Congress, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, said they would support getting bigger checks to people.
“Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!” Pelosi tweeted.
A senior Democratic aide told CNBC that House Democrats will attempt to pass a standalone bill for $2,000 direct payments on Thursday, though it is unclear whether this would pass a Republican-led Senate, or even receive the unanimous consent necessary in the House.
Lawmakers calling for a vote on this standalone measure have not specified whether this would be in addition to the $600 second stimulus check, or would instead replace it.
For now, here is what we know about the stimulus money that is currently guaranteed in the new relief package.
As of September 21, 2020, the Obitx had 5,860,163 shares of common stock outstanding per their 7/31/2020 10-Q released on 9/21/2020...
OBTX 2FQ20 10-Q
The outstanding shares can be traced in the 10-Q back to their IPO See pp 10-11.
The 8-K announcing the Asset Purchase Agreement with First Bitcoin only says that BTZI acquired "The majority of the inventory of numerous digital cryptocurrencies owned by First Bitcoin Capital Corp". BTZI has not issued a financial statement since that 8-K. When they do, we should see an enumeration of these digital cryptocurrencies along with their "current" value.
BTZI 7/8/2020 8-K
Three check cashing kiosks were purchased by First Bitcoin Capital on June 20, 2017 from Simple Automated Money, Inc. (SAMCO)...
9/30/2017 BITCF Quarterly Report
NOTE 10. PARTNERSHIP AGREEMENT
On June 20, 2017, the Company entered into a partnership agreement with Simple Automated Money, Inc. (SAMCO) in a four month trial period to measure the effectiveness of SAMCO check cashing kiosks. Additional partners include Fast Point Networking Solutions and Raley’s.
The kiosks will provide check cashing in three established locations. The Company has invested over $85,675 to purchase the Kiosks. The Company is entitled to 30% of the gross fees collected.
NOTE 4. ACQUSITION OF CERTAIN ASSETS
On October 1, 2019, the Company entered into an operating assets purchase agreement with the First Bitcoin Capital, LLC
(BITCF) wherein the Company acquired three check cashing kiosks operating in the United States. The purchase price for the assets
was $250,000 in the form of a convertible note payable. (See Note 6.)
New OBTX PR today...
OBITX, Inc Takes First Step To Acquire Check Cashing Operations
Fleming Island, Florida, Dec. 22, 2020 (GLOBE NEWSWIRE) -- December, 22, 2020 Fleming Island, Florida, OBITX, Inc (OTC:OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today it has signed an LOI in order to negotiate the final terms for entering into a binding purchase agreement for the purpose of acquiring a check cashing kiosk business from Kronos Advanced Technologies, Inc. (OTC:KNOS). OBITX sees this transaction as a stepping stone in developing and acquiring a larger, related chain of check cashing machines throughout the US. OBTX is planning to offer discounted check-cashing services and will promote the new services through online advertising, in-store signs, and special events, all aimed at consumers who use a check-cashing services.
Web-enabled check cashing kiosks merge unique and exclusive check cashing capabilities with Internet-based applications. Upon the final acquisition OBTX will begin development of Bitcoin buy/sell capabilities to be integrated into a nationwide network of a growing number of kiosks. Services OBITX Company plans to integrate will include BITCOIN ATM transactions, money orders and transfers as well as check cashing.
Michael Hawkins, the OBITX CEO stated, “With our goal of acquiring a larger database of customers having several hundred already placed check cashing machines Nationwide, if successful in moving to this next phase, we will be able to expand the current services offered with additional blockchain and cryptocurrency features to be added down the road. This is a highly strategic step in the development of our business model. We believe this is the right fit for our team with emphasis on our passion for development. We thank our largest preferred shareholder, BOTS, Inc. (OTC:BTZI) for bringing this opportunity to our attention.”
About OBITX:
Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCMKTS: OBTX) is a consulting and services organization specializing in blockchain technologies and decentralized processing.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contact: Michael Hawkins
info@obitx.com
Source: OBITX, Inc.
© 2020 GlobeNewswire, Inc.
Today's PR...
OBITX, Inc Takes First Step To Acquire Check Cashing Operations
Fleming Island, Florida, Dec. 22, 2020 (GLOBE NEWSWIRE) -- December, 22, 2020 Fleming Island, Florida, OBITX, Inc (OTC:OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today it has signed an LOI in order to negotiate the final terms for entering into a binding purchase agreement for the purpose of acquiring a check cashing kiosk business from Kronos Advanced Technologies, Inc. (OTC:KNOS). OBITX sees this transaction as a stepping stone in developing and acquiring a larger, related chain of check cashing machines throughout the US. OBTX is planning to offer discounted check-cashing services and will promote the new services through online advertising, in-store signs, and special events, all aimed at consumers who use a check-cashing services.
Web-enabled check cashing kiosks merge unique and exclusive check cashing capabilities with Internet-based applications. Upon the final acquisition OBTX will begin development of Bitcoin buy/sell capabilities to be integrated into a nationwide network of a growing number of kiosks. Services OBITX Company plans to integrate will include BITCOIN ATM transactions, money orders and transfers as well as check cashing.
Michael Hawkins, the OBITX CEO stated, “With our goal of acquiring a larger database of customers having several hundred already placed check cashing machines Nationwide, if successful in moving to this next phase, we will be able to expand the current services offered with additional blockchain and cryptocurrency features to be added down the road. This is a highly strategic step in the development of our business model. We believe this is the right fit for our team with emphasis on our passion for development. We thank our largest preferred shareholder, BOTS, Inc. (OTC:BTZI) for bringing this opportunity to our attention.”
About OBITX:
Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCMKTS: OBTX) is a consulting and services organization specializing in blockchain technologies and decentralized processing.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contact: Michael Hawkins
info@obitx.com
Source: OBITX, Inc.
© 2020 GlobeNewswire, Inc
New PR today...
BOTS INC CONTINUES INITIATIVES IN THE EMERGING DECENTRALIZED FINANCE (DEFI) SECTOR. REALIZES MAJOR INCREASE IN EMERGING MARKET VALUE OF BIT
ANNOUNCING NEW UPDATES TO BASIC INCOME TOKEN (COIN: BIT) AS A DEFI TOKEN
SAN JUAN, PUERTO RICO, Dec. 21, 2020 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry, announced today that it had completed initial stages of repurposing FIRST BITCOIN (COIN: BIT), having Livecoin.net crypto exchange recognize its new name as "Basic Income Token" while retaining "BIT" as the digital currency's symbol. We are awaiting CoinMarketCap and Coingecko's recognition of the name change. While First Bitcoin Capital was the first to develop a coin utilizing the symbol BIT, others have sprung up using this same symbol; therefore, readers of this news should be careful to avoid any confusion by matching the name with the symbol.
Basic Income Token was designed to provide individuals and communities access to a cryptocurrency that enables a savings program, micro-payments, and to earn interest or stake their BIT holdings utilizing the DeFi (Decentralized Finance) protocols. Initially, we only provided a limited amount of staking via Proof of Stake (POS) mining to enhance mining merely by keeping holders' bit wallets opened to earn more coins. We are upgrading staking by adding a Dapp that will allow holders of BIT to deposit their coins via our website to earn greater interest utilizing the Ethereum blockchain, increasing earnings up to .18% per day without the need to mine. This new approach will not stop holders from POS mining. In the near future, we intend to provide greater access to BIT through the Ethereum based Uniswap decentralized apparatus.
International Bankers magazine described DeFi as "decentralized finance—that is, the application of financial services using decentralized technology such as blockchain. DeFi projects aim to provide financial services that do not require centralized entities or financial intermediaries, or middlemen to operate.
"At present, 'trust' within the global financial system is largely represented by systemically important financial institutions and regulatory bodies. Have they been successful in instilling sufficient trust? That's debatable at best. Errors, delays, and security vulnerabilities have certainly not been infrequent. Nor have these entities been shy when it has come to taking their own pieces of the pie in exchange for providing this purported layer of trust. And what's more, there have been depressingly few signs over the years and decades of their willingness to be more innovative, cost-effective, or efficient.
"It is with such limitations in mind that the DeFi revolution has gathered steam. DeFi is about creating a network of financial services that seamlessly function without the need for intermediaries that could hold an unfair and inefficient controlling stake in the operation of the system. 'The simplest way to describe DeFi is as an open financial network,' Peter Johnson, ex-Morgan Stanley banker and now a partner at fintech (financial technology) venture-capital firm Jump Capital, recently told Fortune magazine. 'If you want to send, lend or borrow money, you don't need to join a private network like PayPal or Fedwire or a bank.'"
BIT's purpose is to provide long-term daily income, a communication network already built into the system, access to better education and healthcare services, and a range of other social benefits to the global community.
Due to the recent Bitcoin price surge to a three-year and all-time high -many cryptocurrencies followed the trend. The market price of BOT's 10 billion BIT holdings has also doubled in the last two months since acquiring same from First Bitcoin Capital Corp (OTC: BITCF). Although trading takes place daily on very light volume, at more than 1 U.S. penny per coin, this could amount to a very significant sum should price per coin hold up and volume begins to increase dramatically. The Company can give no assurances that the price per coin will remain at or above its current levels, nor can we assure that volume will increase.
Recently Forbes reported that mayors in Los Angeles, Atlanta, and other cities have all joined a coalition calling for basic cash payouts to everyone with no conditions attached. The coalition is called Mayors for a Guaranteed Income. It was founded by Michael Tubbs, the 29-year-old mayor of Stockton, California. Tubbs told that publication while the coalition will jointly advocate for basic income, each city will also work to host their own basic income trials. Universal basic income trials may be coming to nine cities in the United States, and it's caught the attention of Elon Musk. Tesla and SpaceX CEO has spoken out before about the need for a universal basic income. In November 2016, Musk told CNBC that "here's a pretty good chance we end up with a universal basic income, or something like that, due to automation
The move comes as the United States grapples with both the coronavirus fallout (authorizing a $600 payment for low to average income Americans yesterday) and new conversations about racism sparked by the death of George Floyd. Tubbs told Forbes he was motivated to announce the coalition due to these events: "If it's not Covid-19 this year, it'll be an earthquake next year, a hurricane the year after or fire. Folks need to build economic resilience in our cities now."
The announcement was praised by Bernice King, the youngest child of Martin Luther King, Jr., via her Twitter page:
"Wow. A universal basic income (guaranteed annual income) was what my father recommended as a primary way to eradicate poverty. This is a powerful step forward."
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 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, 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.
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
We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share."
does anyone know when are their next earnings due?
Just goes to show that a slick New York City billionaire racist, corrupt, treasonous con artist was able to fool a bunch of country rubes to vote for him while the city folk caught on to the con and overwhelmingly booted him out.
That was the year their construction division collapsed after they ordered Chinese greenhouses that didn't pass US construction standards. The forecast came before that issue came up and was based on projected construction revenues. They still managed to average around $.30/share through most of the year and ended up around $.20/share.
I think next year will be real good for Bots. As the new business plan jells and new products and services start generating significant revenues as the year goes on we'll see real movement in the pps. I'm still targeting $.22 to $1.00/share next year on the ATM patent alone based on my previous analysis...
BTZI Post # 106988
LMAO, No pump, no dump, we're right about where we were a couple weeks ago. There's a new PR out about Obitx...
Obitx, Inc., Announces Third Quarter Financial Results
Fleming Island, Florida, Dec. 15, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc. (OTCMKTS: OBTX) is pleased to announce the results of its third quarter ending October 31, 2020. The Company expects to recognize over $60K in revenue during its third quarter under GAAP accounting. The Company recognized $702K in adjusted revenue for the third quarter with an adjusted profit of $184K. While the $60K in revenue recorded under GAAP is the total revenue recorded for the nine months ended October 31, 2020, the adjusted revenue for the nine-month period was $2.6M with an adjusted net profit of $2M. The significant difference between GAAP accounting and the adjusted revenue and profit stems from the Company’s performance with payment for services in cryptocurrencies and the sale of previously impaired intangible assets. While the Company complies with the SEC requirement for GAAP accounting, the Company believes its disclosure of its adjusted revenue and profit reflects current market sentiment towards blockchain and cryptocurrency accounting.
OBITX expects to file its Form 10Q within the next two weeks as it transitions to a new audit firm more in line with its international growth and blockchain business model. The Company engaged Weinstein International, LTD as its audit firm on December 5, 2020. The Company expects the new audit firm to finalize its review of the third quarter shortly.
Michael Hawkins, the Company’s CEO/CFO stated, “We look forward to the day when policy changes under GAAP become more in-line with market trends and conditions. I am confident the blockchain and cryptocurrencies will have a role in the future growth of world economics. We intend to be a part of that economic growth. As I have stated before, we are in the best position the Company has ever been in.”
To learn more about OBITX, Inc., visit: www.obitx.com
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 http://www.obitx.com.
Michael Hawkins
CEO/CFO
info@obitx.com
New PR is out...
Obitx, Inc., Announces Third Quarter Financial Results
Fleming Island, Florida, Dec. 15, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc. (OTCMKTS: OBTX) is pleased to announce the results of its third quarter ending October 31, 2020. The Company expects to recognize over $60K in revenue during its third quarter under GAAP accounting. The Company recognized $702K in adjusted revenue for the third quarter with an adjusted profit of $184K. While the $60K in revenue recorded under GAAP is the total revenue recorded for the nine months ended October 31, 2020, the adjusted revenue for the nine-month period was $2.6M with an adjusted net profit of $2M. The significant difference between GAAP accounting and the adjusted revenue and profit stems from the Company’s performance with payment for services in cryptocurrencies and the sale of previously impaired intangible assets. While the Company complies with the SEC requirement for GAAP accounting, the Company believes its disclosure of its adjusted revenue and profit reflects current market sentiment towards blockchain and cryptocurrency accounting.
OBITX expects to file its Form 10Q within the next two weeks as it transitions to a new audit firm more in line with its international growth and blockchain business model. The Company engaged Weinstein International, LTD as its audit firm on December 5, 2020. The Company expects the new audit firm to finalize its review of the third quarter shortly.
Michael Hawkins, the Company’s CEO/CFO stated, “We look forward to the day when policy changes under GAAP become more in-line with market trends and conditions. I am confident the blockchain and cryptocurrencies will have a role in the future growth of world economics. We intend to be a part of that economic growth. As I have stated before, we are in the best position the Company has ever been in.”
To learn more about OBITX, Inc., visit: www.obitx.com
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 http://www.obitx.com.
Michael Hawkins
CEO/CFO
info@obitx.com
Source: OBITX, Inc.
© 2020 GlobeNewswire, Inc.
'Without Decency and Without Dignity': German Newsweekly Der Spiegel Names Trump 'Loser of the Year'
"The country is more divided than ever since the times of the Civil War. This is not a by-product of Trump's politics, it is their goal."
byBrett Wilkins, staff writer
There's nothing President Donald Trump seems to hate more than losing, judging by comments he's made and by lawsuits he's filed in the desperate, dying days of his single-term presidency. And as the world gets ready to bid auf wiedersehen to Trump, the president must now endure the ignominious insult of being named "Loser of the Year" by one of Europe's most widely read newsweeklies.
"Trump's presidency ends as it began. Without decency and without dignity."
—Der Spiegel
Der Spiegel, roughly the German journalistic equivalent of TIME—which, coincidentally, just named President-elect Joe Biden and Vice President-elect Kamala Harris its vaunted "Person of the Year"—on Thursday published an article entitled "Der Verlierer des Jahres," or "Loser of the Year" in English.
While the piece lacks the shock value of some of the more inflammatory imagery gracing the cover of Der Spiegel's print editions over the course of Trump's tenure, the article is a 3,300-word excoriation of the presidency of a man who authors Roland Nelles and Ralf Neukirch call "a man who... was never concerned with the common good, but always with one thing—himself."
"The country is more divided than ever since the times of the Civil War," the authors wrote. "This is not a byproduct of Trump's politics, it is their goal... Permanent conflict is part of his strategy."
"Nothing is normal under Trump," they concluded. "He refuses to admit defeat. Instead, he speaks of massive electoral fraud, although there is no evidence for it. The whole thing is not surprising. Trump's presidency ends as it began. Without decency and without dignity."
Arguably not since grandfather Friedrich Trump was banished from Bavaria by royal decree for draft-dodging—apparently it runs in the family—has a descendant of the Drumpfs of Kallstadt endured such public humiliation in Germany.
As for Der Spiegel, the magazine seems to be looking forward to the Biden era, as this post-election print edition cover—which reprises one of its iconic images evisceraitng Trump's "America First" mantra—shows.
Here's the best idea of the year. It's time to punish the treasonous bastards. Why should anyone who refuses to defend democracy, free elections and our constitution be allowed to write our laws...
(Congressman) Pascrell Demands 126 Members Seeking to Overturn Election Not Be Seated in Congress
Support of Trump’s attempt to become an unelected dictator is in violation of Fourteenth Amendment
PATERSON, NJ – U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) today called on House leaders to sanction Members and exclude from the 117th Congress any Members-elect who are supporting Donald Trump’s efforts to invalidate the 2020 presidential election. Pascrell cites the text of Section 3 of the Fourteenth Amendment which disqualifies from service any individuals who seek to attack American democracy, as well as Congress’s power to exclude Members by majority vote as acknowledged by the U.S. Supreme Court in Powell v. McCormack.
“Stated simply, men and women who would act to tear the United States government apart cannot serve as Members of the Congress. These lawsuits seeking to obliterate public confidence in our democratic system by invalidating the clear results of the 2020 presidential election undoubtedly attack the text and spirit of the Constitution, which each Member swears to support and defend,” Rep. Pascrell writes House leaders. “Consequently, I call on you to exercise the power of your offices to evaluate steps you can take to address these constitutional violations this Congress and, if possible, refuse to seat in the 117th Congress any Members-elect seeking to make Donald Trump an unelected dictator.”
Article I, Section 5 of the United States Constitution gives each chamber of Congress ultimate responsibility to decide its membership, positing that “[e]ach House shall be the Judge of the Elections, Returns and Qualifications of its own Members.”
Section 3 of the Fourteenth Amendment stipulates that: “No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof…”
The text of Rep. Pascrell’s letter is provided below.
December 11, 2020
Speaker Nancy Pelosi
United States House of Representatives
H-232, The Capitol
Washington, D.C. 20510
Chairwoman Zoe Lofgren
Committee on House Administration
United States House of Representatives
1309 Longworth House Office Building
Washington, D.C. 20515
Dear Speaker Pelosi and Chairwoman Lofgren:
On November 3, 2020, former Vice President Joe Biden was elected to be the 46th President of the United States by overwhelming margins in the popular vote and the Electoral College. Despite his decisive victory, Donald Trump and other prominent Republicans have commenced a daily assault on the legitimacy of the election that includes filing dozens of frivolous lawsuits seeking to have the results invalidated. Tragically, Members of our House of Representatives are supporting and amplifying these attacks on democracy, now culminating in 126 House Republicans joining a malignant lawsuit filed by the state of Texas against the states of Georgia, Michigan, Pennsylvania and Wisconsin. This suit demands the will of the voters of these states be overturned and the Electoral College votes be stolen and awarded to Donald Trump.
As you know, Article I, Section 5 of the United States Constitution gives each chamber of Congress ultimate authority to decide its membership, positing that “[e]ach House shall be the Judge of the Elections, Returns and Qualifications of its own Members.” This is a responsibility the Congress has always exercised with the utmost care and probity. The parameters for membership are broad, requiring only that “[n]o Person shall be a Representative who shall not have attained to the Age of twenty five Years, and been seven Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State in which he shall be chosen.”
The courageous Reconstruction Congress implanted into our governing document safeguards to cleanse from our government ranks any traitors and others who would seek to destroy the Union. To that end, Section 3 of the Fourteenth Amendment stipulates that:
“No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof…”[2]
Stated simply, men and women who would act to tear the United States government apart cannot serve as Members of the Congress. These lawsuits seeking to obliterate public confidence in our democratic system by invalidating the clear results of the 2020 presidential election attack the text and spirit of the Constitution, which each Member swears to support and defend,[3] as well as violate the Rules of our House of Representatives, which explicitly forbid Members from committing unbecoming acts that reflect poorly on our chamber.[4]
Consequently, I call on you to exercise the power of your offices to evaluate steps you can take to address these constitutional violations this Congress and, if possible, refuse to seat in the 117th Congress any Members-elect seeking to make Donald Trump an unelected dictator.[5]
Just as the American people’s clear vote in support of President-elect Biden must be respected, so too must votes cast in favor of our Members-elect. But the actions of any of our colleagues to demolish democracy, regardless of party affiliation, must be repudiated in the strongest possible terms. Rising from the embers of the Civil War, the Fourteenth Amendment was written to prevent the destruction of the United States from without and within. The moment we face now may be without parallel since 1860. The fate of our democracy depends on us meeting that moment.
Sincerely,
Bill Pascrell, Jr.
Member of Congress
[1] PDF
[2] https://www.law.cornell.edu/constitution/amendmentxiv (italics added).
[3] Members-Elect Oath of Office mandated by Article VI of the Constitution, text set by statute (5 U.S.C. 3331)
[4] Rule XXIII(1) posits that “[a] Member, Delegate, Resident Commissioner, officer, or employee of the House shall behave at all times in a manner that shall reflect creditably on the House,” and XXIII(2) stipulates that “[a] Member, Delegate, Resident Commissioner, officer, or employee of the House shall adhere to the spirit and the letter of the Rules of the House and to the rules of duly constituted committees thereof. https://rules.house.gov/sites/democrats.rules.gov/files/documents/116-House-Rules-Clerk.pdf. (italics added).
[5] The Supreme Court in Powell v. McCormack acknowledged Congress “may exclude a Member-elect with a simple majority.” See https://fas.org/sgp/crs/misc/R45078.pdf;. (The Court found restrictions on Congress’s exclusionary power, but had restrictions existed in 1861, the seating of treasonous members-elect in the 37th Congress would have spelled the end of the nation. 395 U.S. 486, 547-48 (1969). The ruling also does not assess Amendment 14, Section 3 (which was enshrined to exclude seditious Members-elect), as petitioner Powell was not excluded on those constitutional grounds.).
Is he looking for a pardon, ya think? Why would any god fearing Republican Trumpster need one, right?...
Texas AG Ken Paxton: ‘No discussions’ of pardon with the White House
AUSTIN (KXAN) — Texas Attorney General Ken Paxton, who is leading a last-ditch effort to overturn election results in four battleground states lost by President Donald Trump, said he has not discussed a presidential pardon with the White House for his own legal troubles.
Paxton, a loyal ally of Trump, faces a 5-year-old indictment on felony securities fraud charges and is reportedly being investigated by the Federal Bureau of Investigation for bribery and misuse of office.
“I’ve had no discussions with anything about… anything like that,” Paxton said
The Supreme Court, however, is not going to take up Paxton’s invitation. It has asked for a response from the four defendant states by 3 p.m. on Thursday; in light of the court’s hasty disposition of similarly laughable complaints, we can safely assume that the justices intend to dispatch this case promptly. Paxton’s suit is shot through with conspiracy theories and constitutional claims with no basis in law. Texas Solicitor General Kyle Hawkins, who typically authors the office’s lawsuits, did not sign on to this one, nor did his deputies; instead, Paxton brought in a “special counsel” from outside the agency. His suit is so ridiculous that it led some commentators to wonder whether the attorney general might have another motive for filing it. Paxton, after all, is reportedly under investigation by the FBI for alleged bribery and abuse of office. Trump, meanwhile, has been distributing pardons to his allies like candy. Paxton’s suit makes more sense as pardon-bait than it does as a legal document. And he may need presidential clemency to escape the federal criminal charges that could be imminent.
Paxton, a Republican, has backed the Trump administration in court time and again, supporting Trump’s policies (like eradicating the Affordable Care Act) while combating progressive priorities (like voting rights). He also embarked upon a relentless crusade to suppress voting rights in the run-up to the 2020 election. Paxton fought to prevent young people from voting by mail, then threatened to prosecute Texans who voted absentee due to fear of COVID-19. He prevented counties from sending absentee ballot applications to all voters, prohibited any county from offering more than one ballot drop box, and unsuccessfully sought to ban drive-thru voting. No state official did more than Paxton in 2020 to restrict the franchise. It is not entirely surprising that he now asks, after the election, that SCOTUS toss out millions of ballots.
The attorney general also has a long history of legal trouble that predates his alliance with Trump. In 2015, a Texas grand jury indicted the attorney general on charges of felony securities fraud. Paxton allegedly urged his friends to buy shares in a company without disclosing his secret commissions or registering as a securities broker with the state. He has already paid a fine for this transgression, and remains under indictment to this day. But his case has never gone to trial, in large part because his friends in the county government defunded the prosecution. Paxton’s wife, a Republican state senator, also filed legislation that would allow her husband to issue exemptions from the securities regulations he allegedly violated.
This fall, Paxton’s own staff accused him of even more serious crimes. On Oct. 1, seven senior staff members asked federal law enforcement to investigate the attorney general for “violating federal and/or state law including prohibitions related to improper influence, abuse of office, bribery and other potential criminal offenses.” The group was led by Jeff Mateer, who served as Paxton’s top assistant before resigning. Mateer has sterling GOP bona fides: In 2017, Trump nominated him to the federal bench, but he withdrew after CNN reported that he had derided transgender children as part of “Satan’s plan,” condemned same-sex marriage as “debauchery,” and endorsed “conversion therapy.” Paxton dismissed Mateer and his colleagues as “rogue employees” and fired aides who refused to resign after reporting their boss. These aides then launched a whistleblower lawsuit against the attorney general.
Mateer’s letter did not explain the allegations against Paxton. But in a leaked text message, he told Paxton that the complaints involved his “relationship and activities with Nate Paul.” A real estate developer in Austin, Paul donated $25,000 to Paxton’s 2018 campaign. The two are, at a minimum, acquaintances: While Paxton was having an affair with an aide to a GOP state senator, he encouraged Paul to hire his mistress. (Paxton has acknowledged the affair but denied pulling strings for his mistress; Paul has denied that he hired the individual at Paxton’s request.)
In recent years, many of Paul’s businesses have declared bankruptcy, leading to legal disputes with creditors. One conflict involved the Mitte Foundation, a nonprofit that provides grants and scholarships to lower-income students. The foundation invested with Paul, then sued him, alleging that he concealed financial information. Paul then agreed to buy out the foundation’s interest in their partnership for $10.5 million, then allegedly refused to pay. Paxton, acting as attorney general, intervened on Paul’s behalf, asking the judge to halt the case. Following this intervention, Paul’s lawyers contributed $25,000 to Paxton. Then, shortly before Mateer sent his letter, Paxton withdrew from the proceedings.
In 2019, the FBI raided Paul’s mansion and offices in an investigation that is reportedly focused on securities fraud. Paul then accused FBI agents, federal prosecutors, and a federal judge of breaking the law, allegations that appear to be frivolous. Yet Paxton quickly jumped to his defense: The attorney general appointed a “special prosecutor” to investigate Paul’s accusations against the federal government for $300 an hour. He picked Brandon Cammack, a young Texas attorney with no prosecutorial experience, and retained control over the probe. Cammack has ties to Paul’s own attorneys. Mateer’s letter was likely inspired by Paxton’s effort to derail the federal investigation into Paul.
On Nov. 17, the AP reported that the FBI is now investigating Paxton alongside Paul. According to the AP, the FBI believes the attorney general may have abused his office to help Paul get out of legal trouble. This probe raises the prospect of federal bribery and corruption charges against Paxton. This time around, he has no power to defund the prosecutors—though he is already using the powers of his office to undermine the FBI’s credibility.
As his term winds down, Trump has shifted his attention to pardoning his friends. Some of his pardons are extraordinarily broad, and even seem designed to fend off future criminal charges. While a president cannot pardon someone for future conduct, he can pardon them for offenses that have already been committed but not yet charged. Theoretically, then, Trump could issue a preemptive pardon shielding Paxton from charges pertaining to his dealings with Paul. The FBI could still investigate him, but it would have little incentive, since any charges would be voided by Trump’s clemency.
If existing ATM manufacturers and financial institutions upgrade their systems to include bitcoin transactions, they will likely also be subject to the patent. Long after the patent expires, the people will be using the network that Bots establishes to maintain wallets and exchange coins between different providers...
BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering buying or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts.
I don’t see how this patent is any way enforceable.
San Juan, PUERTO RICO, Nov. 09, 2020 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI) (The "Company") an emerging innovator of products, technologies, and services for the rapidly growing cyber-security, digital robotics automation, and A.I. for manufacturing industry announced today that its wholly-owned subsidiary, First Bitcoin Capital LLC, is in discussions with a major law firm in order to enforce our Bitcoin ATM Patent against those operating Bitcoin ATMs, to collect royalty payments. While in these negotiations, we are reaching out to individual operators to reach an amicable arrangement without litigation while offering those operators to join a consortium of Bitcoin ATMs.
As Bitcoin prices surge to their highest levels since 2018, reaching over $15,000.00, we expect transactions in this lucrative market to increase significantly. An article published in Marketwatch.com partially explained the why: The recent rally for the progenitor to the cryptographic currency craze comes as PayPal Holdings announced plans to accept cryptocurrencies and allow its use for merchant payments. PayPal's announcement is an ever-expanding recognition of the legitimacy of digital currencies.
BTZI announced on October 29, 2020, that it acquired a subsidiary from First Bitcoin Capital Corp (OTC: BITCF), which includes the rights to U.S. Patent No. 9,135,787 - "Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same." Known as the "Bitcoin ATM patent," this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash, debit, or credit cards. Many of the elements of that intellectual property (I.P.) will be "standard-essential claims," which are critical for the Bitcoin ATM networks to operate.
All Bitcoin ATM manufacturing companies could be forced to use the patented technology to manufacture and sell their Bitcoin ATMs as well as companies and individuals that own and operate Bitcoin ATM networks locally and nationwide.
"Per transaction royalty payments will be negotiated for a several-year term. Some agreements, especially with the manufacturers, could cover previous years and/or a significant number of coming years," says Paul Rosenberg, BOTS Inc CEO, "as those terms have not been finalized yet."
The Company has already begun negotiations with a major law firm with a very successful track record in enforcing patent rights when working on a contingency basis.
According to CoinATMradar.com, as of November 2020, there were over 9400 Bitcoin ATMs installed in the USA. Average Bitcoin ATM kiosk processes 130-180 transactions monthly. This translates into $14- 18 Million as potential income for the Company per year.
Like traditional Bank ATMs, a Bitcoin ATM is a kiosk with internet portals through which customers can engage in a transaction of buying and selling cryptocurrencies. The difference is that traditional Bank-owned ATMs allow customers to withdraw and deposit cash or checks, whereas Bitcoin ATMs allow customers to buy and sell cryptocurrencies using cash or credit cards.
Most Bitcoin ATMs are comprised of a monitor, Q.R. scanner, bill acceptor, face recognition camera, and dispenser (as described in our patent.) On the backend, these components are connected to a platform and Internet to make the buying and selling of cryptocurrency, mainly Bitcoin- quickly, easily and secure.
However, Bitcoin ATMs are different from Bank ATMs in that they are not connected to customer's bank account. In contrast, they are connected directly to a cryptocurrency exchange or Bitcoin mining farm via the Internet.
"The very first Bitcoin ATM was placed in 2013 at a coffee shop in Vancouver, Canada. It took six years to turn this single machine into a multimillion-dollar industry worldwide. At the same time, future growth could easily dwarf this embryonic progress."- added Paul Rosenberg.
BOTS, Inc. is also developing a Worldwide Bitcoin ATM network, similar to the Bank ATM networks to allow customers to buy and sell cryptocurrency on any Bitcoin ATM kiosk regardless of who operates the kiosk.
The Company will be offering a fractional ownership program allowing owner-operators of the crypto ATMs the opportunity to profit from using this future global ATM network.
BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering buying or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts.
As pointed out in a recent PR...
BOTS INC ACCELERATES DEVELOPMENT OF WORLD'S FIRST BITCOIN ATM CONSORTIUM AND UPDATES POTENTIAL REVENUE PROJECTIONS FOR 2021
According to CoinATMradar.com, as of November 2020, there were over 9400 Bitcoin ATMs installed in the USA. Average Bitcoin ATM kiosk processes 130-180 transactions monthly. This translates into $14- 18 Million as potential income for the Company per year.
The PR states that there are roughly 9,000 ATM's currently in the US. Let's say that the purchase price averages around $10,000 per unit and that each ATM nets about $2,000 per month in fees. Using a very conservative 5% royalty (royalties can run as high as 25%), we can estimate a one time royalty on the sale of currently installed units as...
9,000 x $10,000 x 5% = $4,500,000 one time on current units
$500/unit on future sales
Moreover, since the patent applies to the use of these machines, we can anticipate continuing royalty payments per month of...
9,000 x $2,000 x 5% x 12 = $10,800,000/yr ongoing
$1,200/yr/unit on each future unit sale
This is virtually free revenue folks!
BTZI should realize about $15,000,000 in revenue the first year the patent is enforced with an additional $10,000,000 in subsequent annual revenue. Except for legal fees, these revenues would come at virtually no cost to Bots, and will grow each year as new ATM's are installed. There's also the potential that, at some point, all existing US ATM's will need to incorporate cryptocurrency transactions. This would make them all subject to the patent. However we won't get ahead of ourselves for now.
Let's just conservatively assume that BTZI could bring in $10,000,000/yr in earnings for now. I like to estimate what I refer to as a rational pps range using the following technique...
Using the NYU Stern School analysis of Price/Earnings (P/E) Ratios by Industry, I theorize that BTZI could be categorized under either Financial Services, which has a forward P/E of 16.93x or Software (System & Application) with a forward PE of 76.82x. BTZI currently (as of 11/06/2020) has an OS count of 771,874,596 shares. Using these assumptions, we can estimate a rational price range as follows...
$10,000,000 earnings / 771,874,596 shares OS = $.013 Earnings Per Share (EPS)
$.013 EPS x 16.93 = $.22/share pps to
$.013 EPS x 76.82 = $1.00/share pps
Consequently, based on these assumptions, a price target in the range of $.22 to $1.00 is rational for BTZI based on the ATM patent alone.
This doesn't mean that the company will hit either of these targets, only that they are possible if all the assumptions are met. Keep these estimates in mind and see if they're borne out by further facts about the company (e.g. future financials) as they come in.
LMAO Are you sure your Qanon pals didn't get hold of his prom picture. He looks about 18 years old there.
Wrong again! Apparently Hawkins has been busy. There's a new OBTX PR out...
OBITX, Inc., Announces Conversion of Debt and Exercise of Warrants
Fleming Island, Florida, Dec. 07, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc. (OTC MARKET: OBITX) is pleased to announce the conversion of its Revolving Credit Agreement into common shares of the Company’s stock. The conversion of the nearly $100K in debt was at the price of $2.50 per share. In further action, two warrant holders have exercised $55K in warrants previously registered by the Company. The Company’s recent activity is consistent with the development of the Company’s business growth and strategy, as it projects to announce within the next week its recent quarter’s results, which will show the significant growth in revenue under its recent shift in operations. The company ability to reach agreement eliminates OBITX debt. Under the terms of the agreement the debts are fully settled, including any and all interest and fees.
Michael Hawkins, the Company’s CEO/CFO stated, “Since our focus in blockchain, we have continued to see growth and opportunities. We are in the best position the Company has ever been in. The willingness of our debtors to convert into equity at the rate above $2.00 per share is reassurance in our belief that we are on the right path.”
To learn more about OBITX, Inc., visit: www.obitx.com
There's a new PR out...
OBITX, Inc., Announces Conversion of Debt and Exercise of Warrants
Fleming Island, Florida, Dec. 07, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc. (OTC MARKET: OBITX) is pleased to announce the conversion of its Revolving Credit Agreement into common shares of the Company’s stock. The conversion of the nearly $100K in debt was at the price of $2.50 per share. In further action, two warrant holders have exercised $55K in warrants previously registered by the Company. The Company’s recent activity is consistent with the development of the Company’s business growth and strategy, as it projects to announce within the next week its recent quarter’s results, which will show the significant growth in revenue under its recent shift in operations. The company ability to reach agreement eliminates OBITX debt. Under the terms of the agreement the debts are fully settled, including any and all interest and fees.
Michael Hawkins, the Company’s CEO/CFO stated, “Since our focus in blockchain, we have continued to see growth and opportunities. We are in the best position the Company has ever been in. The willingness of our debtors to convert into equity at the rate above $2.00 per share is reassurance in our belief that we are on the right path.”
To learn more about OBITX, Inc., visit: www.obitx.com
I don't think anyone has expected that OBTX generated any revenue during that period. Shareholders are betting on the low OS and float to drive the stock once the company produces a new business plan.
Actually, I'm not sure about the antibody test. It said we were negative, but I could swear I had Covid-19 late last January and my fiance had the same symptoms in mid March. Neither of us got tested at the time since tests were still not generally available. The literature indicates that the antibodies quickly go down once your over the virus but that the immunity may still persist in the T cells. I'm thinking that perhaps because it had been so long since we were sick that the test couldn't pick up any antibodies but that that didn't really prove we hadn't had Covid. I was hoping that the lab results might give us better information but we never received them.
Just before Thanksgiving, my fiance and I went to a test site here in Milpitas, CA and received an antibody fingerprick blood test. We were told on the spot that we didn't have antibodies, however, the woman who did the test said she wasn't supposed to reveal that and we would get a formal email from the test center within 24 hours. I received an email within hours asking me to confirm my email address. My fiance didn't receive anything. Neither of us ever got an official test result.
I'm chalking it up to startup issues. The kiosk also offered two Covid-19 blood tests but they only had one of them available at the time of our visit. On the plus side, we confirmed that at least some of the kiosks were deployed.
If the vaccines become available over the next couple months, I expect that the need for the Covid-19 tests will quickly decline. However, the company can still make millions in the meantime. I just hope they have a plan that takes them beyond 2021.
I hope they have a plan to convert to vaccination centers over the next several months.