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What's that got to do with the price of peas. Never heard of Rene Boucher and I don't give a damn about what happens to Rand Paul. He's just another one of Trump's GOP enablers.
Regarding your claim...
traders have to give our personal financial information to Rosenberg in order to cash out the BIT in a digital wallet?
Bot's claimed in it's July 13 PR that it received 'minority interest" in several stocks, including KNOS, from First Bitcoin as part of their acquisition of Bots. Typically, "minority interest" means that they would own at least 5% of the company (perhaps much more), otherwise, they would simply be a shareholder like any other investor. KNOS currently has 499,689,291 shares outstanding (OS). KNOS is currently trading at $ .42 /share Consequently...
499,689,291 x .05 = 24,984,464.55 shares minimum ownership
24,984,464 x $.42 = $10,493,475 minimum asset value.
The deal with First Bitcoin closed on May 14, 2020. On that date, KNOS closed at $.0145/share...
24,984,464 x $.0145 = $362,274.73
$10,493,475 - $362,274.73 = $10,131,200.27
...Consequently, Bots has made, at minimum, $10,131,200.27 on their KNOS asset, possibly considerably more, since the deal closed with First Bitcoin.
Note the KNOS PR from last Friday...
KRONOS ADVANCED TECHNOLOGIES ACCEPTED AS AN ONLINE SUPPLIER AT WALMART.COM
Los Angeles, CA, July 24, 2020 (GLOBE NEWSWIRE) -- Los Angeles, CA, July 24, 2020 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered, and sterilized, today announced that it has been approved by the retail giant, Walmart Inc. ("Walmart") as an online supplier at Walmart.com. The Company's air purifiers and other unique products will be available on Walmart.com very soon.
Walmart expanded its eCommerce Marketplace and joined forces with Shopify, an all-in-one commerce platform used by more than 1 million businesses, to open up the Walmart Marketplace to selective sellers. Since Kronos has been using Shopify as an online sales platform and so integrating Walmart.com into its Shopify platform will be a streamlined process now that we one of the few that have been accepted.
There was a new PR today...
Bots, Inc to Repurpose the “first Bitcoin” Cryptocurrency “bit” and Use it to Pay an Income Producing Asset as Dividend to Shareholders
SAN JUAN, PUERTO RICO, July 27, 2020 (GLOBE NEWSWIRE) -- SAN JUAN, PUERTO RICO, July 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that it is in the process of repurposing and renaming FIRST BITCOIN (COIN:BIT) into the “Basic Income Token” while retaining “BIT” as the digital currency’s symbol.
There is a growing demand for a socialistic Universal Basic Income scheme in the United States of America heralded by former presidential candidate Andrew Yang, however, our hybrid public benefit/capitalistic concept is to deliver an asset to our shareholders that produces income simply by keeping their wallets opened. The more wallets that remain open, the more secure the cryptocurrency becomes. This “income” will self-generate BITs 24/7 via Proof of Stake Mining (POS) protocol. Once we have hundreds of our 10s of thousands of shareholders keeping their wallets open, the blockchain becomes exceptionally secure while automatically generating BITS via Proof of Stake Mining.
Bots, Inc. and First Bitcoin Capital (OTC:BITCF) are working closely together to ensure a seamless transition of this major asset consisting of billions of BITs. Once the name of BIT is changed to Basic Income Token, Bots Inc. intends to distribute 1 BIT for each share of Bots Inc. to be held on a record date to be set for distribution as soon as August 30, 2020.
This asset is only one cryptocurrency of a larger inventory of more than 100 unique digital cryptocurrencies acquired from and previously owned by First Bitcoin Capital Corp. The most significant of the transferences of these cryptocurrencies to Bots Inc., included, but was not limited to, the majority ownership of First Bitcoin (COIN:BIT), a cryptocurrency based on a unique blockchain similar to an improved version of Litecoin. This unique coin trades on Livecoin.net with BIT included on the premier website for tracking of cryptocurrencies via https://coinmarketcap.com/currencies/first-bitcoin/
Additionally BOTS, Inc. in conjunction with First Bitcoin Capital has generated the interface required to manage issuance of units of a newly minted cryptocurrency based on Bitcoin’s blockchain utilizing the Omni protocols which are also used by Tether (COIN:USDT) in an effort to alternatively fulfill Yang’s vision, defined as follows: “Universal Basic Income (COIN:UBI) commemorates the presidential candidate Andrew Yang’s plan for distributing $1000 per month per citizen so that each world citizen is entitled to 1000 UBI per month upon request from Bots, Inc.”
In a recent article published in nature.com, “Pandemic Speeds Largest Test Yet of Universal Basic Income” Economists welcomed the chance to see whether giving people cash, to spend however they choose, would improve their livelihoods. Spain’s government has started what might just be remembered as the world’s biggest economics experiment. On 15 June, spurred by the coronavirus crisis and its economic fallout, Spain launched a website offering monthly payments of up to €1,015 (US$1,145) to the nation’s poorest families.
The program, which will support 850,000 households, is the largest test yet of an idea called universal basic income (UBI) — in which people are given a cash payment each month to spend however they choose. It has been oft-discussed but never satisfactorily tested, and economists around the world are watching closely to see what the impact of the scheme on livelihoods will be.
The move comes at a time of unprecedented economic turmoil brought on by the coronavirus pandemic. Spain was one of the hardest-hit countries in the early days of the pandemic. The nationwide lockdown curbed the spread of the virus, but came at a staggering financial price. Millions of people lost their jobs as the economy shrank rapidly, putting many of the most vulnerable citizens at risk.
“If there’s ever an opportunity to try to push for some sort of income floor that can be paid out in cash to people, this is the time to do it,” says Damon Jones, an economist at the University of Chicago in Illinois.
Bots, Inc. has become the first publicly traded company to announce the launch of a corporate initiated Universal Basic Income Token (UBI). Interested parties may signup to receive an invite linked here: https://www.bots.bz/ubi
“Those whom request this monthly UBI distribution will be required to cover Bots’ nominal Bitcoin transference costs and both Bots and First Bitcoin Capital will share in a 1% transference fee to be earned in kind. We will develop unique bots that are equipped to handle the inclusion of each requesting world- citizen wishing to use our automation in order to handle the sign ups and transfers” stated newly elected Company Chairman, Simon Rubin.
The creation of “UBI” which is under the management of Bots Inc and First Bitcoin Capital can be witnessed here: https://omniexplorer.info/asset/829
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) is the largest shareholder of Bots, Inc. as a result of exchanging the majority of its assets therefor, but began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Prior to transferring the majority of this asset to Bots, Inc., the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin (COIN:BIT) cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at www.explorer.bitcf.net.
See: https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter; @1stBitCapital
follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: https://www.facebook.com/BITCF/
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive 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).
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Paul Rosenberg
CEO
paul@bots.bz
Source: Bots, Inc.
Today BIT is trading at $.003531 (dividend = $35.31 for 10,000 shares of BTZI). It's 12 month high was $0.012841 and all time high on Jan 20, 2018 was $0.256375.
BIT value on Coinmarketcap exchange
The main problem with First Bitcoin was that SEC regulations were slapped on the company retroactively in 2017. It first started trading cryptocurrencies in 2014. Bots has a clean slate and can move forward in compliance with all SEC regulations using their CoinQX exchange...
About CoinQX - website
Hi Grorate,
First let me just say I'm not currently operating with inside information I haven't spoken with Paul since the new business plan was announced. Based on what I've read, all shareholders would be required to download or subscribe to a digital wallet to hold your tokens and to a digital exchange to trade them. Bots has acquired CoinQX exchange, which includes a trading platform and wallet to store your tokens. This would operate completely independent from your current broker and brokerage account.
Think of these tokens as shares of stock which is the way the SEC is viewing them and the exchange as the equivalent of the OTC, except in this case the exchange will also be storing your tokens (like your broker). I imagine Bot's will release a digital bot (program) to automatically subscribe shareholders to the new exchange and help them manage their wallet and trades. You'll be able to buy and sell your BIT tokens or trade them for other cryptocurrencies.
I imagine to keep your wallet open you would need to click on a link in your bot and keep your computer running so that it can record token transactions (it may also require a minimum amount of disk space). Bots could make money by charging a transaction fee on trades and perhaps selling advertising on the exchange and the bots. You would make money from creating new tokens (which will reward you with a fee) the frequency of which will be based on the number of tokens you own.
Moreover, Bots plans to distribute cryptocurrency ATM's which will also utilize the exchange to turn cash into tokens and vice versa. There are millions of people in this country and elsewhere who don't have access to the traditional banking community (think payday loans and check cashing businesses). They could make use of a cryptocurrency ATM as a banking substitute, potentially saving them millions in loan sharking interest payments.
One of the main beauties of this strategy is that it, along with the Universal Income Token (UIT), introduces thousands (and eventually millions) of people to owning and trading cryptocurrencies, which ultimately increases the value of those currencies for everyone.
Again, this is just my opinion based on what info has been released so far. The actual implementation may be very different from what I described.
We have to wait and see what Hawkins comes up with for a business plan. I'm sure he's discussed their differentiation with Paul Rosenberg. The fact that they are both doing blockchain still leaves a lot of room for specialization. OBTX is only one of several companies in which Bots now has an ownership interest. It joins Kronos Advanced Techs (KNOS), Petroteq Energy (PQEFF), Medical Cannabis Payment Solutions (REFG) and Singlepoint (SING).
It seems to me they've created a dilution machine. Since they are valuing the RevoltTOKEN (RVLT) based on 20 shares of ALYI plus some benefits, ALYI has to reserve enough shares to satisfy a conversion demand. It's just like a convertible loan to the company. Consequently, tell me if you think I'm wrong. They said the $25 million first tranche was based on valuing ALYI at $.05/share. Consequently, ...
20 ALYI shares x $.05 = $1 value of 1 RevoltToken (RVLT)
$25,000,000 = 25,000,000 RVLT
25,000,000 RVLT x 20 ALYI shares = 500,000,000 ALYI shares
Consequently, ALYI has to reserve 500,000,000 shares for a potential conversion. The OS as of 7/23 is 892,926,281 shares, so it seems they've issued those 500 million shares to cover the conversion. However, ALYI is currently trading at closer to $.01/share which would put the reserve requirement at closer to 5 x 500 million or 2.5 billion shares. Assuming that the SEC accepts their valuation process, how often would they have to revalue the conversion shares. This doesn't even include the additional tranches to get them to their $100 million investment.
Here are the key points from the PR.
1.) Bots is renaming the First Bitcoin BIT currency to "Basic Income Token" - Not a huge deal but we'll see where it goes.
2.) Bots shareholders will receive 1 BIT for every BTZI share that they own. The BIT coin is currently trading for approximately $.0023 ea.
3.) Crypto currencies use a programming technology called Blockchain which involves multiple computers recording every coin transaction and thus tracking the ownership of each coin. This makes it difficult to hack into the system to steal coins because the hacker would need to update every computer in the chain at the same time. Traditional crypto blockchains utilize the computers of miners who try to solve some difficult algorithm to create new coins and who are rewarded with those additional coins. This method is called Proof of Work (POW). The BIT coins use a new method called Proof of Stake (POS). Coin owners would store their coins in digital wallets. Their wallets would be used to record every coin transaction just like the computers of the miners in the traditional method. as long as the owner's computer is on and their wallet is open, they are participating in the tracking of all of the BIT coins in the crypto universe. Instead of trying to solve an algorithm, however, there is no competition. The coin creator is chosen by an algorithm based on the wallet owners stake (i.e. the number of coins they own). The coin creator is then rewarded with a transaction fee. So if you get your BIT dividend and keep your wallet open you can get additional income 24/7. Moreover, since the number of open wallets in this scheme is virtually unlimited, it becomes virtually impossible to hack the system so security is guaranteed.
4.) Bots and First Bitcoin have jointly produced a new cryptocurrency they're calling Universal Basic Income (UBI). The value of this coin will apparently derive from Bitcoin since it is built on the Bitcoin blockchain using a software platform called Omni. Everyone in the world will be allowed to receive 1,000 UBI each month by simply requesting them from Bots. Bots and First Bitcoin will share 1% of a nominal transfer fee. Unique software bots will be used to sign up individuals.
Item 4 is a bit unclear. It seems that people are getting free money but paying a transfer fee. Why is the money free? Are they in effect getting a small piece of a bitcoin? Will the bots be collecting customer data for advertisers? Is the transfer fee paid in cash or subtracted from the 1,000 coins/month?
In any event, the strategy seems interesting and could conceivably turn out to be quite lucrative.
Our BIT dividend is currently worth roughly $.0023/share (or $23 for every 10,000 shares you own)
CoinMarketCap BIT exchange value
New PR is out...
BOTS, INC. TO REPURPOSE THE FIRST BITCOIN CRYPTOCURRENCY “BIT” AND USE IT TO PAY AN INCOME PRODUCING ASSET AS DIVIDEND TO SHAREHOLDERS
SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) -- SAN JUAN, PUERTO RICO, July 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. (OTC: BTZI) (EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that it is in the process of repurposing and renaming FIRST BITCOIN (COIN:BIT) into the “Basic Income Token” while retaining “BIT” as the digital currency’s symbol.
There is a growing demand for a socialistic Universal Basic Income scheme in the United State of America heralded by former presidential candidate Andrew Yang, however, our capitalistic concept is to deliver an asset to our shareholders that produces income simply by keeping their wallets opened. The more wallets that remain open, the more secure the cryptocurrency becomes. This “income” will self-generate BITs 24/7 via Proof of Stake Mining (POS) protocol. Once we have hundreds of our 10s of thousands of shareholders keeping their wallets open, the blockchain becomes exceptionally secure.
Bots, Inc. and First Bitcoin Capital (OTC:BITCF) are working closely together to ensure a seamless transition of this major asset consisting of billions of BITs. Once the name of BIT is changed to Basic Income Token, Bots Inc. intends to distribute 1 BIT for each share of Bots Inc. to be held on a record date to be set for distribution as soon as August 30, 2020.
This asset is only one cryptocurrency of a larger inventory of more than 100 unique digital cryptocurrencies acquired from and previously owned by First Bitcoin Capital Corp. The most significant of the transferences of these cryptocurrencies to Bots Inc., included, but was not limited to, the majority ownership of First Bitcoin (COIN:BIT), a cryptocurrency based on a unique blockchain similar to an improved version of Litecoin, This coin trades on Livecoin.net with BIT included on the premier website for tracking of cryptocurrencies via https://coinmarketcap.com/currencies/first-bitcoin/
Additionally BOTS, Inc. in conjunction with First Bitcoin Capital has generated managed units of a newly minted cryptocurrency based on Bitcoin’s blockchain utilizing the Omni protocols also used by Tether (COIN:USDT) in an effort to alternatively fulfill Yang’s vision, defined as follows:
“Universal Basic Income (COIN:UBI) commemorates the presidential candidate Andrew Yang’s plan for distributing $1000 per month per citizen so that each world citizen is entitled to 1000 UBI per month upon request from Bots, Inc.”
“Those whom request this monthly UBI distribution will be required to cover Bots’ nominal Bitcoin transference costs and both Bots and First Bitcoin Capital will share in a 1% transference fee to be earned in kind. We will develop unique bots that will handle the inclusion of each requesting world- citizen wishing to use our automation in order to handle the sign ups and transfers” stated newly elected Company Chairman, Simon Rubin.
The creation of “UBI” which is under the management of Bots Inc and First Bitcoin Capital can be witnessed here:
https://omniexplorer.info/asset/829
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) is the largest shareholder of Bots, Inc. as a result of exchanging the majority of its assets therefor, but began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Prior to transferring the majority of this asset to Bots, Inc., the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin (COIN:BIT) cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at www.explorer.bitcf.net.
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter; @1stBitCapital
follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: https://www.facebook.com/BITCF/
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive 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).
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
Contact:
Paul Rosenberg
CEO
paul@bots.bz
Source: Bots, Inc.
© 2020 GlobeNewswire, Inc.
He's outside and we don't know who those other people are (wife? son?). Could they all be members of the same household?
Worst case, he's being a bit careless. So what?
Better watch what you wish for...
Fox News Faces Lawsuit Over Its Coronavirus Coverage
...The Washington League for Transparency and Ethics sued Fox News on Thursday, saying the network’s consistent downplaying of the pandemic in the early stages of the outbreak in the United States encouraged people to behave in ways contrary to what was required to stem the spread.
“Defendants knowingly disseminated false, erroneous, and incomplete information, which was reasonably relied upon by the public and which had the effect of delaying and interfering with the implementation of effective mitigation and countermeasures against the virus,” the League said in the complaint. “Defendants’ actions created an ongoing uncertainty amongst some members of the public as to the dangers of the virus and the rapidity with which the virus spreads.”
WASHLITE said one of its members eventually contracted the coronavirus during epidemiological conditions the plaintiffs allege were created, in part, by the malfeasance of the network.
“The defendants have created an epidemiological hazard,” WASHLITE said in the complaint. “A subset of the population has and will continue to ignore or resist reasonable and necessary efforts to control and mitigate the virus and prevent mass death.”
Fox News dismissed the lawsuit as frivolous....
I suppose it's too difficult for you to give us an honest post. You should have started by giving my complete quote instead of taking it out of context...
OBTX post # 312
I don't recall ever making a revenue prediction for OBTX. I certainly haven't done so in the past year.
I think you have this backwards. It seems to me they've created a dilution machine. Since they are valuing the RevoltTOKEN (RVLT) based on 20 shares of ALYI plus some benefits, ALYI has to reserve enough shares to satisfy a conversion demand. It's just like a convertible loan to the company. Consequently, tell me if you think I'm wrong. They said the $25 million first tranche was based on valuing ALYI at $.05/share. Consequently, ...
20 ALYI shares x $.05 = $1 value of 1 RevoltToken (RVLT)
$25,000,000 = 25,000,000 RVLT
25,000,000 RVLT x 20 ALYI shares = 500,000,000 ALYI shares
Consequently, ALYI has to reserve 500,000,000 shares for a potential conversion. The OS as of 7/23 is 892,926,281 shares, so it seems they've issued those 500 million shares to cover the conversion. However, ALYI is currently trading at closer to $.01/share which would put the reserve requirement at closer to 5 x 500 million or 2.5 billion shares. Assuming that the SEC accepts their valuation process, how often would they have to revalue the conversion shares. This doesn't even include the additional tranches to get them to their $100 million investment.
Am I missing something?
Who's the Crypto Ownership Fund? There seems to be some activity from Crypto companies that have been dormant since 2017. Check out First Bitcoin Capital (BITCF). In any event, this is the most substantive PR I've seen from the company in the past 2 years.
Like a loyal Republican you reject the science for the opinion of right wing pundits and an ignorant president. From Trump's own Food and Drug Administration (FDA)...
FDA cautions against use of hydroxychloroquine or chloroquine for COVID-19 outside of the hospital setting or a clinical trial due to risk of heart rhythm problems - Does not affect FDA-approved uses for malaria, lupus, and rheumatoid arthritis
July 1, 2020 Update: A summary of the FDA review of safety issues with the use of hydroxychloroquine and chloroquine to treat hospitalized patients with COVID-19 is now available. This includes reports of serious heart rhythm problems and other safety issues, including blood and lymph system disorders, kidney injuries, and liver problems and failure.
June 15, 2020 Update: Based on ongoing analysis and emerging scientific data, FDA has revoked the emergency use authorization (EUA) to use hydroxychloroquine and chloroquine to treat COVID-19 in certain hospitalized patients when a clinical trial is unavailable or participation is not feasible. We made this determination based on recent results from a large, randomized clinical trial in hospitalized patients that found these medicines showed no benefit for decreasing the likelihood of death or speeding recovery. This outcome was consistent with other new data, including those showing the suggested dosing for these medicines are unlikely to kill or inhibit the virus that causes COVID-19. As a result, we determined that the legal criteria for the EUA are no longer met. Please refer to the Revocation of the EUA Letter and FAQs on the Revocation of the EUA for Hydroxychloroquine Sulfate and Chloroquine Phosphate for more information.
When the OBTX dividend was first announced, the company was working on several initiatives that had the potential to generate millions in revenue and I pointed that out. However, I don't recall setting any price targets. By the time trading started a year later, it was unclear whether any of those initiatives had survived the long wait. I have not made any pps predictions in the past year. It's still unclear what the company's business plan is and I don't believe they're still working on those early initiatives. Until we see their business plan I can only recommend a hold on a small investment.
As of July 6, 2018, First Bitcoin claimed to be debt free...
Bitcoin Unlimited Futures Again Utilized to Extinguish Debt of First Bitcoin Capital Corp: Company Updates Shareholders on Release of AUdit; Discloses Select Audit Details
New PR out today...
Bots, Inc. Joins the Open Invention Network
San Juan, PUERTO RICO, July 22, 2020 (GLOBE NEWSWIRE) -- San Juan, PUERTO RICO, July 22, 2020 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG) an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry is proud to announce that it has joined the Open Invention Network (OIN), the largest patent non-aggression community in history. Bots Inc has become a licensee and member of the 3,200 strong community of OIN licensees. As a leading provider of robotic and blockchain technology and infrastructure, BTZI is committed to embrace open source software (OSS). The company has acquired Bitcoin ATM patent and other patent pending from First Bitcoin Capital Corp (OTC : BITCF) and is planning to develop Global Bitcoin ATM network utilizing open source software platform as a Joint Venture with First Bitcoin Capital.
“In addition to being actively involved in blockchain and robotic automation development, Bots, Inc. is consistently monitoring the trends in this rapidly evolving industry,” said Paul Rosenberg, Company’s CEO. “By joining the Open Invention Network community, BTZI is further demonstrating its support for developing open source software.” “By joining the Open Invention Network, we show our continued commitment to innovation, and support for patent non-aggression in open source projects.”
About Open Invention Network
Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of open source software (OSS). Patent non-aggression in core technologies is a cultural norm within OSS, so that the litmus test for authentic behavior in the OSS community includes OIN membership. Funded by Google, IBM, NEC, Philips, Sony, SUSE and Toyota, OIN has more than 3,200 community members and owns more than 1,300 global patents and applications. The OIN patent license and member cross-licenses are available royalty-free to any party that joins the OIN community.
Open to all, OIN’s community practices patent non-aggression in core Linux and adjacent open source technologies by cross-licensing Linux System patents to one another on a royalty-free basis. Patents owned by Open Invention Network are similarly licensed royalty-free to any organization that agrees not to assert its patents against the Linux System. The OIN license can be signed online at www.j-oin.net/.
For more information, visit www.openinventionnetwork.com.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive 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).
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
BITCF also owns patent 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.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at www.explorer.bitcf.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter; @1stBitCapital
follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: https://www.facebook.com/BITCF/
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 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
Paul Rosenberg
CEO
Bots, Inc.
Source: Bots, Inc.
© 2020 GlobeNewswire, Inc.
BITCF was halted because the SEC didn't know how to value cryptocurrency assets and decided that cryptocurrencies should be treated as securities with all of the same reporting requirements...
SEC Suspension Notice
The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure.
The concerns relate to the value of the company’s BITCF, assets and its capital structure, the SEC said in a statement...
...First Bitcoin last traded at $1.79. The stock had run up 6,072% in 2017 through Wednesday, and is up 43% in the past week. It is up a staggering 24,421% in the last 12 months. The S&P 500 SPX, +0.64% has gained 9% in 2017.
Bitcoin and other cryptocurrencies have been on a tear this year, setting records that have taken the total market capitalization of the cryptocurrency space above $150 billion...
I don't recall ever making a revenue prediction for OBTX. I certainly haven't done so in the past year.
New PR today. Folks, five year old claims that were debunked at the time are irrelevant now that we have a new management structure and controlling interest from First BitCoin...
Bots, Inc. Announces Two New Board Members
San Juan, PUERTO RICO, July 21, 2020 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announces the appointment of Yuri Abramov and Simon Rubin to its Board of Directors, effective immediately.
"We welcome Yuri Abramov and Simon Rubin to the board as new directors and look forward to the value their leadership will bring. Under Simon Rubin's leadership shareholders of First Bitcoin Capital Corp (OTC:BITCF) witnessed their overall long term market capitalization increase by a staggering 5000% " said Paul Rosenberg, Chief Executive officer. "As we continue our focus on expanding into the field of Robotic Automation, the experience and depth of knowledge of both Yuri and Simon will provide valuable perspective and input.”
"Yuri is an accomplished scientist, inventor and an experienced Board member in both the public and private sector. We are confident that BTZI will benefit from his directives, business experience and innovative ideas.” - added Mr. Rosenberg
Simon and Yuri currently serve on the boards of public company, First Bitcoin Capital Corp.
Simon served as the Chairman of the Board of Directors for First Bitcoin Capital for the last 10 years . Simon is a serial entrepreneur with a background in programming and web design and Real Estate. Simon also has 15 years of experience in health care equipment management. Simon is an avid crypto currency enthusiast and martial arts expert.
Yuri Abramov: Has been director of First Bitcoin Capital since 2004.
Master of Science in Theoretical Physics from the Institute of Chemical Physics, Russian Federation. For more than three decades, Yuri has applied his superior analytical skills and expertise to advance the field of applied physics in his work as a mathematician, algorithms and software developer, engineer and inventor. Yuri holds a Master of Science in Theoretical Physics and Chemical Physics from the Institute of Chemical Physics from the Russian Academy of Sciences in Moscow, Russia. Among his numerous unparalleled qualifications and credentials, Yuri is an expert problem solver in the areas of digital signal processing for video-compressions as well as for high speed wireless communications. Yuri is experienced in developing novel algorithms in MATLAB and C/C++ as well as SAW-filters hardware design, which are inherent attributes in many of today’s state-of-the-art electronic systems and are developed to improve Tx-Rx Communication Systems by communication sensitivity. In addition, Yuri developed a SAW-coprocessor for wireless modems operating in UWB (ultra-wide band) frequency range that are destined for super-high-speed data communication. His business background includes acting as a projects leader for Soliton-SAW Ltd., for 14 years where he worked in consulting and implementation, algorithms and software development and modeling and designing. Yuri has at least multiple inventions that are registered as patents including “Signal Processing Method Utilizing the SAW Velocity Dispersion Effect for Weighting by Shaping the Electrode Fingers of a SAW Interdigital Transducer and Apparatus, signal processing utilizing SAW wave guides, image processing methods for digital quantization” and others. Yuri has contributed to nearly 40 scientific publications with various articles on analysis, methods and applications of SAW filters design, algorithms for video encoding and others. He currently works in the field of Ultra-Wide Band Communication applied to coax-cable defects localization.
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive 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).
Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in 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
Using straw man arguments again. Hawkins was never CEO of VTCQ or MCIG. He was their CFO. CFO's ultimately have to follow whatever decision the CEO makes.
OBTX started trading on March 19. Virtually everyone could trade by March 25th when the stock reached a high of $17/share. If anyone held dividend shares all the way down, they still could sell their shares at today's opening bid price of $1.12/share. Since the official cost basis of the dividend was $.55/share, that would be a profit of over 100%.
My Rosie Outlook was that I predicted, over a year ago, that the price of the shares could easily top $5/share shortly after it started trading due to the low OS. It did. To my recollection I did not make any other pps predictions after the shares started trading. What I've advised since then is to hold some shares until we see what the new business plan is going to be.
Debunked Again!
I see a lot of speculation and no actionable factual information. The only fact is we haven't heard anything since the management change so no one has any idea what the company is doing or what their plan is. I predicted long before sales started that this stock would easily pass $5/share early on simply because of the low OS. I made a nice profit selling most of my dividend shares around $15, because I thought it had become overvalued (they had not issued any PR's and, like today, no one knew what the company was doing).
I'm still holding a small investment of literally "free" shares as I've made my profit. It's now on my watch list to see what develops. I find it hard to believe that Hawkins would have taken over management to simply leave the company on the shelf. Again, because of the low float, chances are that any reasonable PR will drive the pps up substantially.
You haven't noticed that Bots primary exchange is now the German Börse Stuttgart under ticker (M06.SG). We're actually now trading German shares as American Depository Shares (ADS) on the OTC...
BTZI July 9,2020 PR
MCIG Inc. Announces Name and Stock Ticker Symbol Change to Bots Inc. (OTC: BTZI)
JACKSONVILLE, FL, July 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- BOTS, Inc. formerly known as mCIG,Inc. (MCIG) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing robotics industry, announced today that the Financial Industry Regulatory Authority ("FINRA"), has approved a change in the Company's stock symbol on the OTC Markets. Effective July 9, 2020, the Company's common shares will begin trading on the OTC Markets under the symbol "BTZI". The previous trading symbol was "MCIG".
There is no action required by current shareholders in connection with this change. The Company is also pleased to announce that it has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic settlement and transfer of its common shares in the United States.
"Our ticker symbol change is in line with our strategic transition into the emerging field of robotic process automation and our plans to develop a proprietary bots operating platform," said Bots, Inc. CEO Paul Rosenberg. "We have made a decision to rebrand our company, develop and deliver our products to better meet the needs of companies looking to implement bots into their operations."
The Company's new website is available at www.bots.bz
About BOTS, Inc.
Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (MCIG) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company servicing the robotics needs of its customers. The Company is committed to drive the innovations needed to shape the future of 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).
The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.bots.bz
Visit us on Facebook @ https://www.facebook.com/Bots.Bz/
Follow us on Twitter @Bots_bz
LOL You need to read carefully and know the background. Edick was hired as a consultant by mCig/Bots on November 29, 2017 shortly after they signed a separate agreement with FarmOn Foundation. The consulting agreement between mCig and Edick was terminated on October 19, 2018 almost a year after it was signed. However, the agreement with FarmOn was not terminated at that time. We don't know the circumstances behind the termination but it's entirely possible that Edick could have requested it. On October 29, 2018 FarmOn had supposedly harvested the crop and there was every reason to believe that the foundation would still live up to their separate contract.
Debunked Again!
You don't have to wait for the BTZI 10-K, They already filed the settlement agreement with the SEC on their July 8, 2020 8-K.
BTZI July 8, 2020 8-K
Item 1.02 Termination of a Material Definitive Agreement.
BRRX Clinical Joint Venture Termination
On June 15, 2020 the Company entered into a settlement agreement with Bareroots RX, Inc., terminating the joint venture called BRRX Clinical, Inc. As a condition of the termination, which expressly incorporates no admission of liability, the Company received $95,689 and the return of all the stock issued (2,000,000 shares of MCIG common stock) as a part of the settlement.
I'll make the statement now that the MCIG agreement with Bareroots RX ended in a lawsuit.
The articles accurately reflected managements thinking and planning at the time they were written. The attacks were based on straw man arguments and hypotheticals. Virtually none of the attacks accurately predicted the reasons why the business plans failed.
Nice catch! I'd say that that info is somewhat irrelevant now.
No kidding, why don't you tell us something we don't already know...
BTZI 8-K July 8, 2020
Item 1.02 Termination of a Material Definitive Agreement.
BRRX Clinical Joint Venture Termination
On June 15, 2020 the Company entered into a settlement agreement with Bareroots RX, Inc., terminating the joint venture called BRRX Clinical, Inc. As a condition of the termination, which expressly incorporates no admission of liability, the Company received $95,689 and the return of all the stock issued (2,000,000 shares of MCIG common stock) as a part of the settlement.
Sorry that you didn't read all my articles but Bare Roots business plan wasn't just mail order product sales. It also included services, medical devices and subscriptions as well as BtoB product sales to pharmacies (e.g. Kaplan Group). That was all disrupted by the pandemic.
Notice that it hasn't had any impact at all on the share price. In fact, the pps has gone up since the repetitive attacks were amplified.
I'm with you on that.
The figures posted for mCig are from their last day before the name and symbol change.
Maybe you missed the news. What happened was a global pandemic and economic crisis that blew out most company business plans for the year.