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I believe the price spike for OBTX is due to the fact that they've caught up on their financials. Investors are waiting for the next shoe to drop...
OBTX Financials
I don't know if anyone noticed but at today's closing price of $2.07/share, Bot's 5,211,796 shares of Obitx are worth $10,788,417.72.
You fool! Election systems these days print out a hard paper copy of the voters choices even when they vote electronically. Voters can check the hard copy before submitting it. Trump demanded that several states do manual recounts using the paper ballots and they did so at his expense (and your stupid contributions). They ended up finding more votes for Biden. Trump didn't lose because of tabulating machines. He lost because he didn't have enough gullible voters believing his lies.
LOL It was an attempted coup without any followers. Trump thought he'd be able to bribe and intimidate Republican dominated State Legislatures into ignoring the election and appointing electors that would vote to give him a second term. Luckily, even most Republicans think that's a step too far for now. Give them another smarter GOP president in the future and the country may not be so lucky.
GOP leaders in 4 states quash dubious Trump bid on electors
Republican leaders in four critical states won by President-elect Joe Biden say they won’t participate in a legally dubious scheme to flip their state’s electors to vote for President Donald Trump. Their comments effectively shut down a half-baked plot some Republicans floated as a last chance to keep Trump in the White House.
State GOP lawmakers in Arizona, Michigan, Pennsylvania and Wisconsin have all said they would not intervene in the selection of electors, who ultimately cast the votes that secure a candidate’s victory. Such a move would violate state law and a vote of the people, several noted.
“I do not see, short of finding some type of fraud — which I haven’t heard of anything — I don’t see us in any serious way addressing a change in electors,” said Rusty Bowers, Arizona’s Republican House speaker, who says he’s been inundated with emails pleading for the legislature to intervene. “They are mandated by statute to choose according to the vote of the people.”
The idea loosely involves GOP-controlled legislatures dismissing Biden’s popular vote wins in their states and opting to select Trump electors. While the endgame was unclear, it appeared to hinge on the expectation that a conservative-leaning Supreme Court would settle any dispute over the move.
Still, it has been promoted by Trump allies, including Florida Gov. Ron DeSantis, and is an example of misleading information and false claims fueling skepticism among Trump supporters about the integrity of the vote.
A new PR is out...
Collection Sites Expands Convenient COVID-19 Testing Across America with 25 Additional Testing Sites
Unique COVID-19 testing model verified with strong demand from initial 20 sites: 7-Day average of 73 tests/day per site and $95 per test. Investor webinar scheduled December 10th (1 pm ET).
TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- QuestCap Inc. (“QuestCap”) (NEO:QSC; OTC:COPRF; FRA:34C1) is pleased to announce strong initial test sales at its wholly owned subsidiary, Collection Sites, LLC.
Highlights Include:
- Surging test sales amid recent Collection Sites media coverage and increasing COVID-19 cases across the United States. Demand for Collection Sites unique value-proposition of convenient and effective COVID-19 testing verifies operational model;
- Initial 20 sites showing strong tests sales with 7-day rolling average of 73 tests per day per site and average test price exceeding $95 per test;
- Rapid antigen tests’ point-of-care capabilities allows for increased testing capacity, with one Collection Site recording sales of 186 tests in a single day;
- The launch of 25 additional collection sites in hand-picked, high traffic locations across the United States, with installation beginning this week;
- The leasing of new portable trailers from WillScot, drastically reducing upfront capital requirements and providing refuge for customers in the coming winter season;
- Continued engagement with retailers, with up to 743 contracted collection sites across the United States with partners like Simon’s Property Group, Brookfield Properties, Sandor, among others;
- QuestCap is hosting a Corporate Update webinar on Thursday, December 10th at 1 pm ET for investors (register here).
“As COVID-19 cases continue to rise across the United States, Collection Sites testing centres are seeing increased demand from both consumers as well as businesses eager to offer COVID-19 testing to employees and customers,” says Mr. Doug Sommerville, CEO of QuestCap, Inc. “Having now refined our operational model with the launch of the first 20 cubes, we are now ready to expand our network and get convenient and effective COVID-19 test results to everyday Americans so we can flatten the curve.”
Collection Sites Expands Test Offerings and Footprint
Starting on November 16th, COVID-19 rapid antigen tests were distributed to the operating Collections Sites. These tests retail for US$99 per test, and are the most sought after by customers, with strong initial demand in the initial days. These tests also provide Collection Sites with the highest profit margin per test, strengthening profitability of each testing cube. The collection sites have an estimated capacity of up to 150 tests per day when fully staffed, where they operate 7 days a week. However, due to the point-of-Care capabilities of the rapid antigen tests, to date one Collection Site recorded sales of 186 tests in a single day, with multiple other sites exceeding 150 tests in a single day.
As noted by Collection Sites President Tim Shelburn during the QuestCap investor webinar with The NEO Exchange (recording), the company continues to engage with retailers and similar businesses looking to host collection sites at their locations and will make further announcements as they are signed.
To summarize, to date the following agreements have been signed, for a total of up to 743 contracted collection sites:
Brixmor – 340 Retail Locations
Brookfield Properties – 73 Shopping Mall Locations
H&S Energy, LLC – Up to 100 Gas and Convenience Locations
Sandor - 65 Big Boxstore Locations
Simons Property Group - 165 Shopping Mall Locations
“Our initial strategy has been that of a land grab, securing convenient, high-traffic locations that will perform exceptionally during the upcoming holiday season and beyond,” commented Tim Shelburn, Collection Site President. “With over 700 sites secured and counting, we believe we have the best footprint in the country for offering convenient and effective COVID-19 testing. With the operational model now proven, our team is laser-focused on the execution fo the rollout of these sites.”
25 New Collection Sites Launched With WillScot Trailers
Starting this week, Collection Sites will rollout 25 portable trailers from WillScot in hand-picked high-traffic locations across the U.S., including states like Texas, Indiana, Pennsylvania, and Florida, among others. WillScot is a international company that sells or leases portable trailers to customers across the United States. After this initial site rollout with WillScot, Collection Sites will look to fulfill its previously announced network of collection sites.
WillScot has a fleet in excess of 360,000 trailers globally and over 140,000 trailers across the United States. These trailers are spread out across the country and can be deployed to a desired site in 2-3 days. The use of WillScot trailers allows Collection Sites to drastically reduce the upfront capital requirements and delivery cost.
These new trailers measure 20’ x 8’ and offer customers and staff reprieve from the outdoor conditions during the winter season, including built-in heating units.
QuestCap Corporate Update Webinar
QuestCap is hosting a Corporate Update webinar on Thursday December 10th at 1 pm ET that will provide investors with an update on the Company's business developments since the last update, with a primary focus on the Collection Sites subsidiary.
Registration Link:
https://us02web.zoom.us/webinar/register/WN_mvNt8yKqTyqCOCQ-7vyqMg
About Collection Sites
Collection Sites COVID-19 testing centers offer convenient access to rapid antibody and antigen tests - which take 8-10 minutes to administer and provide results in less than 24 hours. The sites also offer regular RT-PCR, with results within 24 hours of testing. The testing centres are powered by Alcala Testing and Analysis Services, a CLIA-licensed laboratory based in San Diego, California. All tests can be administrered with insurance coverage options. The tests results can be communicated via text or email and can be accompanied with a certificate of good health via a HIPAA-compliant smartphone application.
For more information about the pop-up lab, the available sites and services visit www.testbeforeyougo.com.
About QuestCap Inc.
QuestCap Inc. (NEO:QSC; OTC:COPRF; FRA:34C1) seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. Specifically, QuestCap offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment.
QuestCap has a team of renowned global medical and business advisors that have developed a proprietary business strategy to capitalize on high-margin opportunities in the COVID-19 space. This panel includes prominent immunologist Dr. Lawrence Steinman and Dr. Glenn Copeland, who has 45 years of experience in orthopaedic treatment, foot and ankle care, and sports medicine.
QuestCap’s primary focus is the sale of COVID-19 IgG/IgM antibody tests authorized by FDA under an EUA for use by authorized laboratories. This is achieved largely through two acquisitions: 100% of Collection Sites, LLC and 28% of Colombian Sanaty IPS. Collection Sites is setting up a series of COVID-19 testing sites across the United States with appointments and payments will be handled through the online portal www.testbeforeyougo.com. Sanaty is setting up a series of full-service medical clinics offering a complete COVID-19 testing solution.
For additional information, please contact:
Doug Sommerville, CEO
Doug.Sommerville@questcapinc.com
+1 416-301-5418
For investing inquiries please contact:
Evan Veryard
Evan.Veryard@questcapinc.com
For US media enquires please contact:
Veronica Welch
veronica@vewprmedia.com
+1-508-643-8000
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the results of the Collection Site testing cubes; the proposed roll-out of testing sites; projected timelines for testing results; projected revenues from the testing; the pursuit by QuestCap of investment opportunities; and the merits or potential returns of any such investments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/27d1d1c7-6292-4580-ab59-789e14d5e9e7
Source: QuestCap Inc.
© 2020 GlobeNewswire, Inc.
Other analysts disagree with you.
ElectraMeccanica gets price target boost from Roth as SOLO EV shows commercial promise
ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) is positioned to develop a backlog of orders for its SOLO electric vehicle, according to analysts at Roth Capital Markets, which raised its price target for the company’s stock to $12.50 from $7.50 and reiterated its Buy rating in a note published Monday.
Roth views the three-wheeled electric vehicle as a contender for fast food and other product deliveries.
“We believe the pandemic is a tailwind for fast food chains exploring better delivery options,” Roth wrote. “Chains look to avoid third party delivery costs and balance brand identity implications of operator- vs. company-owned vehicles. The SOLO's 100-mile range, low operating cost, and std telematics make the vehicle a good fit, in our view, particularly when location data can be integrated into a chain's kitchen software. We would not be surprised if SOLO made a couple announcements with major chains after customers validate plans.”
Commercial deliveries of the SOLO are expected to begin in the first quarter of 2021. The company’s facility in China produced six units in the third quarter of this year, and Roth expects 15 to 20 units to be produced in the fourth quarter, followed by 100 in the first three months of 2021.
The Vancouver-based company has been successful in drawing in talent from automobile original equipment manufacturers (OEMs), Roth noted.
“Hiring at ElectraMeccanica points to a maturing sales operation,” the firm wrote. “The recent hires of seasoned EV professionals include a director of sales, director of marketing and fleet sales manager, all coming from tier-1 OEMs, including Tesla and General Motors. We expect the strong EV experience of recently added executives to contribute to a growing order backlog, particularly through the six new retail locations.”
ElectraMeccanica is opening six new retail stores in California and Arizona, in addition to its four existing stores.
Engineered for a single occupant, the SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. The EV features front and rear crumple zones, side-impact protection, roll bar, torque-limiting control, as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel
Quick facts: ElectraMeccanica
Price: 8.27 USD
NASDAQ:SOLO
Market: NASDAQ
Market Cap: $650.93 m
Friday's come and gone...
Federal appeals court slams Trump campaign efforts to turn tide in Pennsylvania ruling, saying 'claims have no merit'
(CNN)A federal appeals court on Friday dealt the Trump campaign's effort to change the outcome of the presidential election another blow, writing in a scathing opinion that the campaign's lawsuit lacked proof and its allegations in Pennsylvania "have no merit."
The three-judge panel for the 3rd US Circuit Court of Appeals denied the campaign's effort to refile its lawsuit, saying its allegations had already been rejected by multiple state judges in Pennsylvania and the latest attempt to revive them could not be spun into a winning theory.
"Charges of unfairness are serious. But calling an election unfair does not make it so. Charges require specific allegations and then proof. We have neither here," wrote Judge Stephanos Bibas, a Trump appointee, for the panel.
"The Campaign never alleges that any ballot was fraudulent or cast by an illegal voter," wrote Bibas. "It never alleges that any defendant treated the Trump campaign or its votes worse than it treated the Biden campaign or its votes. Calling something discrimination does not make it so. The Second Amended Complaint still suffers from these core defects, so granting leave to amend would have been futile."
Leading the President's team is Rudy Giuliani, who entered the federal case last week. The lawsuit was rejected last Saturday, when a lower court judge called it "Frankenstein's monster" for its poorly stitched together legal theories.
The President and some of his allies have been questioning the legitimacy of the election, saying without evidence that it was fraudulent and seeking to use legal battles to overturn results in key states. Most recently, a handful of Pennsylvania Republicans, alongside Giuliani, held a "hearing" in Gettysburg on Wednesday over their baseless allegations of voter fraud.
Friday's strongly worded opinion is the latest from state and federal judges, who have swiftly and pointedly rejected the Trump legal team's arguments -- at times eviscerating it for not presenting facts to back up the allegations.
In Friday's opinion, the court also rejected the President's motion to undo Pennsylvania's certification of votes, calling it "unprecedented" and "breathtaking" relief where no fraud had been alleged. The Keystone state on Tuesday certified its general election results, formally awarding President-elect Joe Biden 20 electoral votes.
"The Campaign's claims have no merit. The number of ballots it specifically challenges is far smaller than the roughly 81,000-vote margin of victory. And it never claims fraud or that any votes were cast by illegal voters. Plus, tossing out millions of mail-in ballots would be drastic and unprecedented, disenfranchising a huge swath of the electorate and upsetting all down-ballot races too. That remedy would be grossly disproportionate to the procedural challenges raised," the court found.
Biden campaign spokesperson Mike Gwin, following the federal appeals court decision, said that "this election is over and Donald Trump lost" and argued "meritless lawsuits" will not change the outcome.
"Desperate and embarrassingly meritless lawsuits like this one will continue to fail and will not change the fact that Joe Biden will be sworn in as President on January 20, 2021," added Gwin.
Jenna Ellis, an attorney for Trump's campaign, said on Twitter following the ruling that "the activist judicial machinery in Pennsylvania continues to cover up the allegations of massive fraud," and pledged to take the case to the Supreme Court. The President's campaign had appealed the ruling last weekend, when Judge Matthew Brann threw out the lawsuit, ruling it could not be amended and refiled.
Brann compared it to "Frankenstein's monster ... haphazardly stitched together," and slammed the request to disenfranchise nearly 7 million voters in a complaint littered with "strained legal arguments without merit and speculative accusations."
Trump's team appealed Brann's ruling only on its ability to file an amended complaint, which would therefore limit its arguments if the Supreme Court were to hear the case. The appeals court referenced the Trump campaign's multiple attempts to alter its lawsuit and praised Brann's handling of the matter. "We commend the District Court for its fast, fair, patient handling of this demanding litigation," the panel wrote.
State and local election officials have said there is no evidence of widespread voter fraud, and both a federal court and the Pennsylvania Supreme Court have dismissed lawsuits seeking to prevent the state from certifying the results of the election. "The Campaign cannot win this lawsuit," the 3rd Circuit panel found Friday. "It conceded that it is not alleging election fraud. It has already raised and lost most of these state-law issues, and it cannot relitigate them here."
I think that's a totally different company. This board is about Ideanomics, Inc (stock symbol IDEX) not IDEX, Inc.
No company dilutes simply because they can. The AS could be 10 billion shares right now and it wouldn't have any impact on the pps. The only times anyone pays attention to the AS is when a company changes it, because at that time people ask why the AS was changed or when the OS approaches the AS limit and it needs to be changed.
What's your source for the 64,000+ preorders?
Interesting P & D. Must be a new angle. It went down to $.385 before going up to $.499 and it's now at $.43. Seems more like a dump and pump except there was never any pump during the day.
Folks, stocks move up and down. Every stock movement can't be called a pump and dump.
Paul has never done a reverse split. It's very unlikely he'll start now. In fact he's done the opposite by returning shares to the treasury on several occasions.
SMHLMAO Every company that owns a FaceBook account pumps their stock on that site. That's why they have a FaceBook account, for the same reason they maintain a webpage, to showcase and promote their company. What do you expect, that the company will tell you to go away their stock isn't worth anything? Where is your proof of a scam?
If they are raising capital from private investors they would have a presentation that they are only showing those private investors. That's how companies do private placements. If you're ready to invest a few hundred thousand, I'm sure they'll show it to you.
Where do you get a reverse split? There's no reverse split. You're imagining things again.
SMHLMAO If the democrats cheated, why didn't they also fix the Senate Elections for themselves. Biden won by over 6 million votes. That's a landslide in my book.
Your donations will end up in his pocket to pay off his half billion dollars in debt. He knows he lost. He's just doing one last grift to line his pockets before he get arrested on January 20.
LMAO The stock goes down a tick and people immediately charge pump and dump and scam. How about proof of any of those charges. Stock movement alone is not proof.
This company has been around for 6+ years and has virtually no debt, toxic or otherwise. It recently joined with First Bitcoin (BITCF) and redirected it's business strategy to cryptocurrency, blockchain and AI/robotics software. It owns a patent that can be enforced against all ATM machines that can access bitcoin assets. It's currently projecting $14 to $18 million in revenue from the ATM patent alone. Based on just this estimate, the company is extremely undervalued.
Rational Price Target Calculation
If the company's PR's can be believed, this stock is way undervalued and is flying way under the radar. Here's what their revenue projections seem to add up to...
QuestCap Announces Launch of Collection Sites’ COVID-19 Testing Sites Across Participating H&S Energy, LLC Locations
Toronto, Ontario September 23, 2020 — QuestCap Inc. (“QuestCap”) (CSE:QSC; FRA:34C1) is pleased to announce the signing of 15 lease agreements between its wholly owned subsidiary, Collection Sites, LLC and Orange County, CA based retailer H&S Energy, LLC to begin the roll out a network of ‘pop-up’ COVID-19 testing sites. Over the following months, the intention is to evaluate the remaining 85 eligible H&S locations and to sign additional leases and open collection sites at those H&S service stations across California...
...The collection site pods are 100 square feet and provide three separate and physically distant testing windows to administer 150 tests per testing pod per day and can be placed anywhere with access to electricity. Testing services average USD$60 per test with a capacity for 15 tests per hour, operating 10 hours per day, seven days per week.
That translates to...
15 sites x 150 tests/day x $60/test x 30 days/month = $4,050,000/mo
*********************************************************
Collection Sites Announces Agreement with Sandor Development to Launch Testing Sites at 65 Big Boxstore Locations Across the U.S.
TORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) — QuestCap Inc. (“QuestCap”) (NEO:QSC; OTC:COPRF; FRA:34C1) is pleased to announce the launch of an agreement between its wholly owned subsidiary, Collection Sites, LLC and Sandor Development Company (“Sandor”), one of the largest privately-held shopping center developers with locations across the United States which often adjoin such retail giants as Home Depot, Walmart, and Target and Kroger, among others. Collection Sites will lease 50 x 100 ft of space in the parking lots of 65 shopping centers owned or managed by Sandor, for an initial 6-month term with the option to extend...
...The first location is set to begin installation in November 2020 with daily testing capacity of 150 tests per site and charging USD $59 to $139 per test.
Toronto, Ontario October 26, 2020 — QuestCap Inc. (“QuestCap”) (NEO:QSC; OTC:COPRF; FRA:34C1) is pleased to announce the launch of an agreement between its wholly owned subsidiary, Collection Sites, LLC and BPR REIT Services LLC (“Brookfield Properties”), a subsidiary of global real estate company Brookfield Property Partners, listed on the NASDAQ (NASDAQ:BPY). Collection Sites will lease 50 x 100 ft of space, for an initial 4- month term, in the parking lots of 75 shopping malls owned or managed by Brookfield Properties...
...The network of pop-up labs’ will be located across 73 Brookfield Properites’ shopping centers locations in 35 U.S. states, with California, Texas, and Arizona targeted initially. Testing sites will now be available for Americans seeking fast, available, and accurate testing for themselves and their loved ones in the weeks and months ahead.The first location is set to begin installation in November 2020 with daily testing capacity of 150 tests per site and charging USD $59 to $139 per test.
Toronto, Ontario November 18, 2020 — QuestCap Inc. (“QuestCap”) (NEO:QSC; OTC:COPRF; FRA:34C1) is pleased to announce the launch of a master license agreement between its wholly owned subsidiary, Collection Sites, LLC and Brixmor Property Group (NYSE: BRX), a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers with retailers including T.J. Maxx, Kroger, Wal-Mart, and L.A. Fitness, among others. Collection Sites will lease space in the parking lots of 340 shopping centers owned by Brixmor for an initial 6-month term with the option to extend...
...The network of pop-up labs’ will be located across 340 Brixmor locations in 32 U.S. states with California and Texas targeted initially. Testing sites will now be available for Americans seeking fast, available, and accurate testing for themselves and their loved ones in the weeks and months ahead. The first location is set to begin installation this month with daily testing capacity of 150 tests per site and charging USD $59 to $139 per test.
I don't know where everyone went on this board. Hope my last post didn't scare them all away. QuestCap is now trading on the Canadian NEO Exchange. I never heard of NEO until I saw it in a QuestCap PR. Their filings can be found at...
CSE Filings
As of October 6 they have 149,440,109 shares outstanding.
...and they show up as a Pink stock on OTC Markets.
Because companies don't issue shares simply because they can. The AS (Authorized Shares) is a meaningless number unless your OS (Outstanding Shares) is getting close to it.
Seriously??? Tell us oh wise one why any company would want bag holders. SMHL
As of 9/21/20 the OS was only 5,860,163 shares. I don't think we need to worry much about dilution. SMHL
Who/What is BTCI? Brown Transport Inc?? ...and you expect us to trust your DD? SMHLMAO Paul is no longer calling all of the shots. He now has a BOD looking over his shoulder.
Bots' (formerly mCig's) cannabis business plan basically fell apart in 2019. Their revenue was drying up and Paul tried a last ditch effort by forming an alliance with Bare Roots Inc. to market some new CBD products via an insurance type product. Apparently, that wasn't moving fast enough or producing any significant revenue. Competition was starting to cannibalize the MJ industry. Consequently, early last spring he decided to try something completely different.
Unfortunately, starting fresh in a new industry probably meant they weren't getting much, if any, revenue. My hunch is that they've had almost no revenue for the past ten months so Paul isn't in any hurry to release the financials, at least until they can show some money coming in and/or prospects for growth. Any damage from late filings has already been done so there's little harm in delaying them further. I think the patent will turn things around shortly and we'll be seeing financials in the next six months. JMO
There are 564 different ATM operators and 44 different ATM manufacturers. Bots will be offering all of them both a carrot and a stick. In exchange for them agreeing to a royalty, they will become part of an ATM Network that will allow their customers to use any ATM that subscribes to the network. Some will find this attractive and probably negotiate a deal without much fight after they check with their attorneys. Others may take longer, particularly if there is a movement to band together and share legal fees. I would think some would be on board in January and Bots will be able to collect some deposits and back payments before the end of 3FQ on 1/31/21.
I agree on the revenues. The earliest I expect to see major revenue would be 3FQ which ends 1/31/21. The 10-Q for that quarter would be due about mid March. Hopefully, they may announce a few major contracts with estimated revenues or payments/deposits received before then.
Bots is projecting $14 to $18 million revenue/year from its Bitcoin ATM Patent alone. This creates a rational pps target in the range of $.22 to $1.00/share...
BOTS INC ACCELERATES DEVELOPMENT OF WORLD'S FIRST BITCOIN ATM CONSORTIUM AND UPDATES POTENTIAL REVENUE PROJECTIONS FOR 2021
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...
...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.
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 feel good about getting the royalties for the Bitcoin patent. The revenue projections are sound and the primary cost will be the legal fees. The Cyber Security product announced today looks good but, as yet, we have no way to estimate the revenue. I'm taking all the other initiative announcements with a grain of salt until we get more information.
Paul never met Andre until a few months before he closed the reverse merger. OMHE looked like a good deal when it was negotiated. Malecon Pharmacy (OMHE) was a private company with $10 million/year in revenue and almost $1 million in net income when the deal was signed. They did OK for the first year after the merger with Mike Hawkins as their interim CEO (lending Mike to them for a year was part of the original contract). Then Andre took over complete control, stopped issuing financials and went silent. It was all downhill after that.
I think the dip is just profit taking right now. I think my price targets should be realized in the next six months as we get more info on actual revenues.
Your opinion on this is worthless while the patent is priceless. Every ATM or Kiosk that can convert cash or credit card balances to Bitcoin would fall under this patent. Consequently, the patent covers every Bitcoin enabled ATM in the US, which means virtually all cryptocurrency ATM's since BitCoin is the most common and valuable cryptocurrency in the world. Currently, these ATM's are set up with wallets (like bank accounts) that can easily communicate primarily with that ATM or ATM's that belong to the same owner. By creating the software to allow different ATM's to share data over a network, Bots will be creating extra value for the ATM owners and at the same time allowing them to share in the profits from the new venture. This should be a major incentive for them to voluntarily submit to a royalty (i.e. they'll be getting something valuable for their cooperation and payments).
Bots hasn't given us an estimate of the revenue they expect from the network, but it could eventually exceed the patent revenue. Particularly if ATM owners in the regular banking industry decide they want to Bitcoin enable all of their current ATM's. While the patent would establish Bot's as an industry player, unlike the patent, the network would have no expiration date and would be able to collect a surcharge for each transaction ad infinitum.
As pointed out in today's PR...
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.
This is the most significant and potentially most profitable announcement I've ever seen from this company. From today's PR...
BOTS INC ACCELERATES DEVELOPMENT OF WORLD’S FIRST BITCOIN ATM CONSORTIUM AND UPDATES POTENTIAL REVENUE PROJECTIONS FOR 2021
San Juan, PUERTO RICO, November 9, 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.
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.
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
Finally some OBTX news...
OBITX Blockchain Assets Grow 510% FMV
FLEMING ISLAND, FLORIDA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc., (OTCMKTS: OBTX) located in Fleming Island, Florida, has seen its current-cryptocurrency assets grow 510% in fair market value during the quarter ending October 31, 2020. In addition, the company has seen its non-current cryptocurrency assets grow 253% in fair market value during the same period. The Company classifies its cryptocurrencies as either current or non-current intangible assets. Current cryptocurrency assets are identified as those assets with substantial liquidity to support a liquidation of the asset held, while non-current cryptocurrencies are those assets which could not support liquidation of the asset held.
OBITX current-cryptocurrency is in the “HEX” token, touted as the first high interest blockchain certificate of deposit. Robert Adams, a Director of the Company stated, “HEX is a fully-functioning, completed project and is nearing its first, full year in the marketplace. It is nearing the completion of its Adoption Amplifier (sales). It is not vapor-ware, an idea, still in development, it is a mature, fully-functioning and highly-complex mathematical masterpiece.” HEX has seen positive growth, acceptance, and adoption worldwide. A HEX “certificate of deposit” referred to as staking, is currently yielding an average 25% APY interest. Mr. Adams went on to say, “The potential market for HEX is extraordinary, when compared with other multi-national brick and mortar banking offerings.” HEX, according to Nomics, has risen to a top 20 cryptocurrency with volume in the daily range of $10,000,000 and a market cap in excess of $3,000,000,000. See https://nomics.com.
Michael Hawkins, the OBITX CEO/CFO stated, “Our business in the blockchain environment is proceeding as planned. We are expanding our customer base and services in the blockchain environment. During the last quarter we obtained $1.6 million in crypto assets at fair market value, increasing shareholder value; which we believe will continue to appreciate in value substantially. We will continue to grow our market position in various blockchain technologies and cryptocurrencies.”
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.
We finally have some news. New PR is out...
OBITX Blockchain Assets Grow 510% FMV
FLEMING ISLAND, FLORIDA, Nov. 09, 2020 (GLOBE NEWSWIRE) -- OBITX, Inc., (OTCMKTS: OBTX) located in Fleming Island, Florida, has seen its current-cryptocurrency assets grow 510% in fair market value during the quarter ending October 31, 2020. In addition, the company has seen its non-current cryptocurrency assets grow 253% in fair market value during the same period. The Company classifies its cryptocurrencies as either current or non-current intangible assets. Current cryptocurrency assets are identified as those assets with substantial liquidity to support a liquidation of the asset held, while non-current cryptocurrencies are those assets which could not support liquidation of the asset held.
OBITX current-cryptocurrency is in the “HEX” token, touted as the first high interest blockchain certificate of deposit. Robert Adams, a Director of the Company stated, “HEX is a fully-functioning, completed project and is nearing its first, full year in the marketplace. It is nearing the completion of its Adoption Amplifier (sales). It is not vapor-ware, an idea, still in development, it is a mature, fully-functioning and highly-complex mathematical masterpiece.” HEX has seen positive growth, acceptance, and adoption worldwide. A HEX “certificate of deposit” referred to as staking, is currently yielding an average 25% APY interest. Mr. Adams went on to say, “The potential market for HEX is extraordinary, when compared with other multi-national brick and mortar banking offerings.” HEX, according to Nomics, has risen to a top 20 cryptocurrency with volume in the daily range of $10,000,000 and a market cap in excess of $3,000,000,000. See https://nomics.com.
Michael Hawkins, the OBITX CEO/CFO stated, “Our business in the blockchain environment is proceeding as planned. We are expanding our customer base and services in the blockchain environment. During the last quarter we obtained $1.6 million in crypto assets at fair market value, increasing shareholder value; which we believe will continue to appreciate in value substantially. We will continue to grow our market position in various blockchain technologies and cryptocurrencies.”
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.
The float and OS have kept the pps high here. We just need to get some news to drive this higher. At this point, no one knows what the company is up to.
Old news! Nobody cares about the name anymore!
The transaction occurred between the two companies. The assets belonged to BITCF and were sold to BTZI. In exchange, BITCF received 100 million common shares of BTZI and another 60 million (+ 30 million conditional) Series A preferred shares with conversion and voting rights. From BTZI's July 8, 2020 8-K...
BTZI 7/8/2020 8-K
On May 14, 2020 the Company entered into an Asset Purchase Agreement where the Company acquired the following assets from First Bitcoin Capital Corp.:
n Minority ownership in SinglePoint, Inc., Medical Cannabis Payment Solutions, Inc., Petroteg Energy, Inc., Digital Asset Monetary Network, Inc., Kronos Advanced Technologies, Inc., and Tipestry, Inc.
n Subsidiaries owned by First Bitcoin Capital Corp including but not limited to: CoinQx Exchange Limited, First Bitcoin Capital LLC., DbotTechnology Corp.
n Hundreds of domains owned by First Bitcoin Capital Corp.
n $1,250,000 in face value Convertible Promissory Notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC.
n US Patent 9,135,781 B1 Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same
n US Patent Application 2018/0315072 A1: Method and System of Facilitating Management of Cryptocurrency Based Loyalty Points Associated With One or More of a Product and a Service.
n The majority of the inventory of numerous digital cryptocurrencies owned by First Bitcoin Capital Corp.
In exchange for the acquisition of these assets the Company issued 100,000,000 shares of common stock and 30,000,000 Series A Preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60,000,000 shares of Series A Preferred upon reaching certain milestones. All Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall be issued 1 share of MCIG common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp. upon a record date being set by First Bitcoin Capital Corp.