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All the valuations will need to be listed on the 1FQ21 Financials, if not sooner, since the acquisition was closed on May 14, 2020. 1FQ21 closes July 31 and the financials are due in mid September.
All of mCig's revenues were audited and real. No revenues were fake. The revenue targets were also realistic although they didn't always materialize as expected. Vaporizer stocks never really got hot as was evidenced by several vaporizer companies (VPOR, VAPE, etc) and dozens of MJ companies have negative earnings or have gone out of business.
It's fair to say that Paul hasn't been the most effective CEO, but he didn't run up any toxic debt and kept the company afloat through some tough times for the industry.
I've been wondering if the sale of BITCF's assets to BTZI was a way for First Bitcoin to revalue those assets and to get around the SEC issues that halted trading in their securities. Does anyone have any perspective on what caused the halt in the first place? I seem to recall seeing something about the difficulty of placing an initial value on new crypto coins.
Mad King Donald - his deadly delusions are killing Americans
By Paul Krugman
The New York Times
I don't know about you, but I'm feeling more and more as if we're all trapped on the Titanic - except that this time around, the captain is a madman who insists on steering straight for the iceberg. And his crew is too cowardly to contradict him, let alone mutiny to save the passengers.
A month ago it was still possible to hope that the push by Donald Trump and the Trumpist governors of Sunbelt states to relax social distancing and reopen businesses like restaurants and bars - even though we met none of the criteria for doing so safely - wouldn't have completely catastrophic results.
At this point, however, it's clear that everything the experts warned was likely to happen, is happening. Daily new cases of COVID-19 are running 21/2 times as high as in early June, and rising fast. Hospitals in early-reopening states are under terrible pressure. National death totals are still declining thanks to falling fatalities in the Northeast, but they're rising in the Sunbelt and the worst is surely yet to come.
A normal president and a normal political party would be horrified by this turn of events. They would realize that they made a bad call and that it was time for a major course correction; they would start taking warnings from health experts seriously.
But Trump, who began his presidency with a lurid, factchallenged rant about "American carnage," seems completely untroubled by the toll from a pandemic that seems certain to kill more Americans than were murdered over the whole of the past decade. And he's doubling down on his rejection of expertise, this week demanding full reopening of schools in defiance of existing guidelines.
Oh, and he still won't call on Americans to protect one another by wearing masks or set an example by wearing one himself.
How can we make sense of Trump's pathologically inept response to the coronavirus? There's an underlying core of utter cynicism: Clearly, Trump and those around him don't care very much how many Americans die or suffer lasting damage from the coronavirus, as long as the politics work in their favor. But this cynicism is wrapped in multiple layers of delusion.
On one side, it's clear that the Trumpists still can't accept that this is really happening.
Until early 2020, Trump led a charmed political life. All his recent predecessors had to deal with some kind of external challenge during their first three years. Barack Obama inherited an economy wracked by a financial crisis. Whatever you think of his response, George W. Bush faced 9/11. Bill Clinton faced stubbornly high unemployment. But Trump inherited a nation at peace and in the middle of a long economic expansion that continued, with no visible change in the trend, after he took office.
Then came COVID-19. Another president might have seen the pandemic as a crisis to be dealt with. But that thought never seems to have crossed Trump's mind. Instead, he has spent the past five months trying to will us back to where we were in Febru- ary, when he was sitting on top of a moving train and pretending that he was driving it.
This helps explain his otherwise bizarre aversion to masks: They remind people that we're in the midst of a pandemic, which is something he wants everyone to forget. Unfortunately for him - and for the rest of us - positive thinking won't make a virus go away.
That, however, is where the second layer of delusion comes in. By now it's clear that the cynical decision to sacrifice American lives in pursuit of political advantage is failing even on its own terms. The rush to reopen did produce big job gains in May and early June, but voters were distinctly unimpressed; his polling just kept getting worse. This year, it's not the economy, stupid - it's the virus.
And now the surge in infections may be causing the economic recovery to stall.
So what can we do? Trump has another six months in office (if he's still there after Jan. 20, God help us all). And it's now clear that he won't change course, no matter how bad the pandemic gets. As I said, we're all passengers at the mercy of a mad captain determined to wreck his ship.
It's true that federalism is our friend. Trump doesn't actually have any direct authority over things like school openings.
But a lot more Americans are going to die. And if Joe Biden becomes president, he, like Obama 12 years ago, is going to take the helm of a nation in a deep crisis. Paul Krugman is a New York Times columnist.
COVID-19 VICTIM
There's ample blame to go around in teen's death
By Leonard Pitts Jr.
Miami Herald
A few words on the death of Carsyn Leigh Davis.
It has become predictable that the political right always knows whom to blame for disaster. After the 2018 massacre at Marjory Stoneman Douglas High School in Parkland, Florida, Donald Trump blamed video games. After the 2010 earthquake in Haiti, Pat Robertson blamed a pact with the devil. After the 2001 terrorist attacks, the late Jerry Falwell Sr. blamed abortion, feminists and the ACLU.
But if any prominent conservative has assigned blame for Carsyn's death, it has escaped notice. Which is unfortunate. Because while the lines of causality they've drawn in previous tragedies have seemed fanciful at best, the lines leading to this one are clear and easily read.
Carsyn was a teenager from Fort Myers, Florida, who had battled health issues all her life, including cancer and a rare autoimmune disorder. Then she contracted COVID-19. This, after an event at her church.
"Service is back and better than ever!" crowed the church on social media. They billed it as a "release party." In the blog post that brought Carsyn's death to widespread attention, Rebekah Jones, a Florida data scientist, called it a "COVID party." She posted a screen grab of a social media post by Carsyn's mother, Carole, promoting a website: dontmaskourkids.com. For the record: Jones was fired by the state in May for, she said, refusing to make changes to the coronavirus data to suggest Florida was doing better than it was. She has since been keeping track on her own.
A hundred kids, unmasked, attended the June 10 party. Afterward, Jones said, Carole, "who is not a doctor," gave Carsyn a precautionary dose of azithromycin, "an anti-bacterial drug with no known benefits for fighting COVID-19." But Carsyn got sick: headaches, sinus pressure, a cough. Carole put her on her grandfather's oxygen machine. And she gave her hydroxychloroquine, the drug Trump touted as a possible cure, but that doctors say is dangerous.
Finally, Carole took her daughter to the hospital. By then, Carsyn couldn't breathe, but for several days, Carole refused to allow a breathing tube to be inserted. Carsyn died on June 23, two days after her 17th birthday.
And if no one else wants to assign blame, yours truly is not reticent.
Blame the church. You don't hold a party in a pandemic.
Blame the parents. They failed their daughter.
But you must also blame the forces of conspiracy and confusion that invite people to ignore medical science and common sense.
Blame Tucker Carlson, Rush Limbaugh and every other loudmouth peddling alternatives to reality and forgeries of fact.
Blame Donald Trump, Roger Stone and every other political hack who thrives on the gullibility of the ill-informed.
Blame social media for allowing dangerous propaganda to be spread anonymously and globally with no accountability.
And blame traditional news media. We heirs of Murrow, Cronkite, Woodward and Bernstein, of those who famously and bravely told it like it was, are so enthralled by false equivalence in the name of a spurious "objectivity" that we require policy memos and special dispensation to call the obvious lie an obvious lie. We've too often been faint-hearted and mealymouthed in standing up for the principle that truth matters.
By such actions and inactions, America manufactures ignorance on an industrial scale. And not without cost. This did not have to happen, yet it did. Carsyn Leigh Davis is dead.
And there is plenty of blame to go around. Leonard Pitts is a Miami Herald columnist. ©2020 Miami Herald. Distributed by Tribune Content Agency
Best you can do is dredge up 4 year old debunked claims? I'm not getting sucked into that again. The company appears to be getting new management. None of that is relevant any more.
Paul Rosenberg was never the CEO of OBITX. Alex Mardikian was the first CEO and he was succeeded on April 17,2020 by Michael Hawkins.
As for your repeated false claim about Paul not reporting his sale of securities, that has been debunked a number of times even though you keep repeating it. Anyone who still has doubts should read the post at the following link...
Bots/mCig post # 104893
Debunked Again!
I wouldn't say that an RS is definitely in the cards. The current OS is still manageable depending on how the new business plan turns out. It's common for these types of mergers have restrictions on reverse mergers for 6 to 12 months but I can't rule it out.
That is completely false. Please prove that other companies have failed while Paul Rosenberg was their CEO. You can't.
Paul Rosenberg has been extremely careful relative to other CEO's in growing the Outstanding Share (OS) count. The Authorized Shares (AS) were increased several months ago for the first time since he took over the company in 2013. On a number of occasions, he has used his own personal shares to cover company expenses in order to avoid issuing new shares.
Sounds like they're spending $2.5 million to build a convention center. I agree with those who say this company has never produced anything and I remain skeptical that they ever will. The only thing that keeps me minimally invested here is that the business strategy appears to be sound. Could an angel investor conceivably step in and actually execute on that strategy? If that happened or if they ever publish any solid verifiable accomplishments, there could be the possibility of a winner here. Consequently, this is still a good candidate for a flip trade on a small investment. JMO
Here's the PR...
First Bitcoin Capital Corp Announces Majority Sale of Assets To Bots Inc
TEL AVIV, ISRAEL / ACCESSWIRE / July 10, 2020 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it consummated the sale of a majority of its digital and crypto assets and related technologies to Bots, Inc.
BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), is Puerto Rico based, emerging innovator of products, technologies, and services for the rapidly growing digitized robotics industry.
"Today's announcement is part of an on-going effort of First Bitcoin's management to maximize shareholder value which has been driven by our commitment to continue to fulfill our investors' expectations," said Simon Rubin, Chairman and Chief Executive Officer of First Bitcoin Capital Corp. "This major transaction aligns with BITCF's strategy to continue to grow our core businesses in an efficient manner."
First Bitcoin and Bots, Inc. will now begin to enter into long-term service and project development agreements, providing reliable and cost-advantaged product development services for a wide variety projects. BTZI and BITCF's together have significant expertise and capabilities which will deliver operational efficiencies and opportunities for growth and profitability over time.
First Bitcoin and Bots, Inc., are working closely to ensure a seamless transition. The Asset Purchase transaction was closed on May 14th 2020 and included the following BITCF assets:
Minority ownership in:
- SinglePoint, Inc.,
-Medical Cannabis Payment Solutions, Inc.,
-Petroteq Energy, Inc.,
-Digital Asset Monetary Network, Inc.,
-Kronos Advanced Technologies, Inc.,
- Tipestry, Inc.;
Subsidiaries owned by First Bitcoin Capital Corp., including but not limited to:
CoinQx Exchange Limited,
First Bitcoin Capital LLC.,
D'BOT Technology Corp.;
Also included are Hundreds of domains previously owned by First Bitcoin Capital Corp.;
$1,250,000 in face value Convertible Promissory Notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC.;
US Patent 9,135,781 B1 Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same;
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;
The majority of the inventory of more than 100 digital cryptocurrencies previously owned by First Bitcoin Capital Corp.
In exchange for the acquisition of these assets, BOTS, Inc. issued 100,000,000 of its 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 receive 1 share of BTZI 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.
As the largest shareholder of Bots Inc., First Bitcoin's management is expected to transition to Bots, Inc., in the immediate future.
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
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 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.
SOURCE: First Bitcoin Capital Corp.
This patent now belongs to Bots...
First Bitcoin Capital Corp Now Owns the Only USPTO Granted Patent for Bitcoin Kiosk/ATM
TEL AVIV, ISRAEL / ACCESSWIRE / August 1, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and the developer of blockchain powered technology is proud to announce today that it has acquired legacy-assignments.uspto.gov/assignments/q?db=pat&reel=049886&frame=0552 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.
Bitcoin ATMs do not require their users to have bank accounts, so customers can simply pay and instantly buy or sell Bitcoin or other cryptocurrencies.
Greg Rubin, Company’s Chief Executive Officer stated, “Being the first ever publicly traded company in the Bitcoin and Blockchain industry, we now have acquired one of the most important intellectual properties in this space, as we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field.”
According to Coin ATM Radar, there are more than 3,000 Bitcoin ATMs in the United States as of July, 2019, with average daily 3.7 Bitcoin ATM installations in the US.
https://coinatmradar.com/charts/growth/united-states/
All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same.
The Company has already begun negotiations with a major law firm that has a very successful track record in enforcing patent rights when working on a contingency basis.
U.S. Bitcoin ATMs represent 13.5 percent of all venues transacting in the digital currency worldwide, according to research by Larry Cermak, head of analysis at The Block.
It is expected that this number of Bitcoin ATMs will continue to rise in the near future with more and more people discovering bitcoin as a payment method and store of value.
First Bitcoin will develop strategies for structuring and implementation of an IP management plan. A business plan prepared by a third party foresees the owner of this unique Bitcoin patent earning more than 50 million dollars in profits over a 5 years period.
The acquisition of the Bitcoin ATM Patent was arranged through the facilities of IPOfferings LLC, a leading patent brokerage, patent valuation and IP consulting services firm."
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (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.
The Company began developing it's 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
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
For more information please visit: https://firstbitcoin.io/patents
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.
SOURCE: First Bitcoin Capital Corp.
We really need more info to properly evaluate this. We don't know how many shares Bots now owns as minority shareholder in these multiple companies or the value of the inventory of multiple cryptocurrencies. First Bitcoin issued a PR today that essentially copied BTZI's PR from yesterday. However there was one new piece of info at the end...
First BitCoin PR
TEL AVIV, ISRAEL / ACCESSWIRE / July 10, 2020 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it consummated the sale of a majority of its digital and crypto assets and related technologies to Bots, Inc.
BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), is Puerto Rico based, emerging innovator of products, technologies, and services for the rapidly growing digitized robotics industry.
"Today's announcement is part of an on-going effort of First Bitcoin's management to maximize shareholder value which has been driven by our commitment to continue to fulfill our investors' expectations," said Simon Rubin, Chairman and Chief Executive Officer of First Bitcoin Capital Corp. "This major transaction aligns with BITCF's strategy to continue to grow our core businesses in an efficient manner."
First Bitcoin and Bots, Inc. will now begin to enter into long-term service and project development agreements, providing reliable and cost-advantaged product development services for a wide variety projects. BTZI and BITCF's together have significant expertise and capabilities which will deliver operational efficiencies and opportunities for growth and profitability over time.
First Bitcoin and Bots, Inc., are working closely to ensure a seamless transition. The Asset Purchase transaction was closed on May 14th 2020 and included the following BITCF assets:
Minority ownership in:
- SinglePoint, Inc.,
-Medical Cannabis Payment Solutions, Inc.,
-Petroteq Energy, Inc.,
-Digital Asset Monetary Network, Inc.,
-Kronos Advanced Technologies, Inc.,
- Tipestry, Inc.;
Subsidiaries owned by First Bitcoin Capital Corp., including but not limited to:
CoinQx Exchange Limited,
First Bitcoin Capital LLC.,
D'BOT Technology Corp.;
Also included are Hundreds of domains previously owned by First Bitcoin Capital Corp.;
$1,250,000 in face value Convertible Promissory Notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC.;
US Patent 9,135,781 B1 Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same;
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;
The majority of the inventory of more than 100 digital cryptocurrencies previously owned by First Bitcoin Capital Corp.
In exchange for the acquisition of these assets, BOTS, Inc. issued 100,000,000 of its 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 receive 1 share of BTZI 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.
As the largest shareholder of Bots Inc., First Bitcoin's management is expected to transition to Bots, Inc., in the immediate future.
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
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 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.
SOURCE: First Bitcoin Capital Corp.
I miscalculated yesterday. First Bitcoin appears to have become the major shareholder but does not yet appear to have controlling interest. First Bitcoin would have 400 million votes. There are currently 755,374,596 common shares outstanding (OS). As of January 31, 2020 there were 3,350,000 Preferred shares outstanding. Each share was entitled to 10 votes so that would add another 33,500,000 votes. This acquisition gave First Bitcoin 100 million common shares (which are already counted in the OS) plus 30 million Preferred shares with another 60 million that can be issued in the future based on certain undefined milestones. Once those milestones are met, First Bitcoin would then have controlling interest.
Voting Power today
755,374,596 + 33,500,000 + 300,000,000 = 1,088,874,596 Total votes
First Bitcoin controls 400,000,000 or 36.7%
Voting power if milestones are met
755,374,596 + 33,500,000 + 300,000,000 + 600,000,000 = 1,688,874,596 Total votes
First Bitcoin would control 1,000,000,000 votes or 59.2%
When a company changes symbols or a new company begins trading for the first time it takes a while for the brokerages to catch up to the news and process the changes. As for what the company is up to we'll have to wait and see, but the companies they have minority interest in seem to have a lot of interesting potential. It will be interesting to see this all explained in the financials.
According to the 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.
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State-sanctioned marijuana establishments no longer need to operate in a cash-only environment. Nor do they have to go without all of the benefits of banking. We’re the solution.
We offer banking with a licensed, insured, regulated and compliant depository institution. We make certain all of the necessary steps are taken for your deposits to be legally disclosed. This means we are your banking solution.
We also are able to process your payments with industry-leading security and technology. Each transaction has the highest level of security, making accepting electronic payments safe. Have cash you need to deposit? We can help there, too.
Petroteq is focused on value creation through the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits.
Petroteq by way of its wholly owned subsidiary has a breakthrough, environmentally friendly, proprietary oil sands extraction technology which is suitable for all hydrocarbon deposits. The closed-loop technology may also be applied for remedial projects such as tailings ponds. After the launch of its first extraction plant in Utah, the Company is now intent on scaling up its capacity with several additional, higher-capacity extraction units within the state, which has over 30 billion barrels of undeveloped but recoverable oil. (DOE Estimate.) Asphalt Ridge, the location of Petroteq's first plant, is one of Utah's 8 major oil sands deposits.
The DigitalAMN ecosystem connects entrepreneurs with investors, markets their startup, and helps close deals. Instead of having to trade through a broker, people can now use Federally-regulated online portals to begin their investing experience.
Kronos is a brand new technology that fully removes harmful allergens, bacteria, viruses (including the flu), and even gases from your breathing space! This revolutionary product far outperforms the outdated 1940’s technology of a HEPA filter, and eliminates the shortcomings of any other air purifier on the market.
Tipestry is a new kind of social media platform that automatically adds a comment section with built-in cryptocurrency tipping to any website, allowing posters and website owners to earn Bitcoin, Ether, Dogecoin and other cryptocurrencies for creating and sharing content. Tipestry Go is an augmented reality app that lets users leave comments and 3D objects at any physical location and hunt for digital coins hidden around the world.
There's no JV here. Bots acquired most of First Bitcoins assets and First Bitcoin acquired controlling interest in Bots. This is a done deal that can't be undone. The real question here is what does Bots plan to do with the assets and what are the assets really worth.
It appears that First Bitcoin Capital Corp. will now have controlling interest in Bots, Inc...
BTZI 8-K
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.
Big News Today...
BTZI First 8-K
Item 1.01 Entry into a Material Definitive Agreement.
Asset Purchase
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.
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.
Item 8.01 Other Events.
On July 8, 202 FINRA approved the Company’s name change to BOTS, Inc. with the new symbol BTZI (btzi) effective July 9, 2020.
Actually, the pps is holding up reasonably well. We converted at $6.3855/share so at $5.80 we're down roughly 9.17%. Not too shocking considering an RS and registration statement.
The RS ratio was 1 new share for 33 old shares. The symbol stays the same. Only the CUSIP has changed...
06/30/2020 Supplemental Information - Material Change Report
The Company's name and trading symbol will remain unchanged on the TSX and OTCQX Best Markets as a consequence of the Consolidation. The Company will issue a further news release confirming the effective date for the Consolidation, including the new CUSIP number for its common shares, when such information is available.
Here's the announcement PR. It did state that they had applied to be listed on NASDAQ. The public offering will come some time after the RS but there is no timetable...
June 30, 2020 Material Change Report
Full Description of Material Change:
InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (TSX:IN; OTCQX:IMLFF), a clinicalstage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the way in the clinical development of cannabinol (“CBN”), today announced that it has filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (“SEC”) in connection with a proposed offering of up to US$12 million of common shares (the “Offering”). In connection with the proposed Offering, InMed has also applied to list its common shares on the Nasdaq Stock Market (“Nasdaq”). The number of shares to be offered and the offering price for the proposed Offering have not yet been determined. The offering is subject to market conditions and approval of the Toronto Stock Exchange (“TSX”), and there can be no assurance as to whether or when the offering may be completed, as to the actual size or terms of the offering, or whether the common shares will be accepted for trading on Nasdaq.
In addition to, and in preparation for, this new listing and subject to approval by the TSX, the Company will proceed with a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation share for every thirty-three (33) pre-consolidation shares (the “Consolidation”). The Consolidation will result in the number of issued and outstanding common shares of the Company being reduced from 172.3 million to approximately 5.23 million on a nondiluted basis, and each shareholder will hold the same percentage of common shares outstanding immediately after the Consolidation as such shareholder held immediately prior to the Consolidation.
The exercise price and number of common shares of the Company issuable upon the exercise of outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the Consolidation in accordance with the terms of such securities. No fractional shares will be issued as a result of the Consolidation. Per the requirements of the British Columbia Business Corporations Act, under which the Company is regulated, if fractional shares are to be converted into whole shares, each fractional share remaining after consolidation that is less than 1/2 of a share must be cancelled and each fractional share that is at least 1/2 of a share must be rounded up to one whole share. The Company's name and trading symbol will remain unchanged on the TSX and OTCQX Best Markets as a consequence of the Consolidation. The Company will issue a further news release
confirming the effective date for the Consolidation, including the new CUSIP number for its common shares, when such information is available. Letters of transmittal describing the details of the share consolidation will be mailed to InMed’s registered shareholders.
A registration statement relating to the common shares to be offered in the Offering has been filed with the SEC but has not yet become effective. Such common shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A copy of the prospectus for the offering may be obtained upon request from: Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC's website, www.sec.gov.
The common shares of the proposed Offering referenced above are not being offered to residents of Canada or persons in Canada. The common shares are being sold on the basis of prospectus exemptions under applicable Canadian securities laws on the basis that the securities will not be distributed back into Canada.
Mike Hawkins never ran mCig. He was their CFO.
Applying for a NASDAQ listing is a 4 to 6 week process that will probably take longer right now due to the pandemic. There was never any claim that the uplist would occur simultaneously with the share consolidation. As long as a company meets all of the listing requirements there is no reason that it wouldn't be approved...
NASDAQ Listing Requirements
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may
be shortened considerably, if the application raises no issues and the company responds quickly to Staff
comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.
A week has passed since it was revealed that Putin put a bounty on killing US troops. Trump claims he didn't act because he didn't read his intelligence briefs and no one told him. So why has he still done nothing a week later???
As Russian bounty scandal unfolds, remember this: Robert Mueller found plenty of collusion
Although Donald Trump now claims the whole thing is a "hoax" — his favorite term to discredit any story that's true — the president was clearly told by intelligence officials that Russia was paying bounties to Afghan fighters to kill American troops. Over the weekend, the New York Times reported that Trump was briefed and there was a large intra-agency meeting held by the National Security Council. When the White House denied that Trump had ever heard anything about this, sources came up with a date for the briefing: Feb. 27. Further reporting from the Associated Press indicates that Trump was shown an earlier version of this intelligence more than a year ago, and that then-national security adviser John Bolton personally briefed him in March 2019. Financial documents also back up the story, and the name of one Afghan middleman has surfaced.
Indeed, it's obvious Trump is lying about this is just from the fact that he's dismissing the entire story as a "hoax," even though his White House officials and Republican politicians are not contesting that these intelligence reports about Russian bounties actually exist. Yet Trump continues both to deny that he was briefed and also to claim, preposterously, "this is all a made up Fake News Media Hoax."
Whenever he labels a story a "hoax," it's usually a safe bet that it's true. For instance, he declared that concerns about the novel coronavirus were a "hoax," and now we've seen 130,000 deaths and nearly 3 million people infected. Throughout the impeachment process he claimed the whole thing was a "hoax," even though White House transcripts made clear he had tried to blackmail the Ukrainian president into smearing Joe Biden. And of course, Trump loved to yell about the "Russian hoax" in reference to extensive interference with the 2016 election and the Trump's campaign's extensive collusion with that conspiracy.
Because of the meat grinder that is our current political situation and because of Trump's wind-up doll repetition of "no collusion," a lot of folks, especially in the media, have forgotten that last point: While special counsel Robert Mueller didn't find actions that could be charged as criminal conspiracy on Trump's behalf, he found extensive collusion with that conspiracy, by both Trump himself and his campaign staff. Like anything else Trump calls a "hoax," the Russia collusion story was real — and very damning.
That matters right now, and indeed it always did. The current scandal about the Russian bounties — which is in the mix with other scandals, such as Trump's mishandling of the economic crisis and his non-decision to let the coronavirus wash over the country in a deadly wave and, oh yeah, the white supremacist stuff — goes right back to Trump's peculiar affection for Russia and its authoritarian leader, Vladimir Putin. It isn't just that Trump loves Putin and won't hear a bad word about Russia. It's that he has a long history, documented in the Mueller report, of inviting Russia to help him cheat in elections and making it clear that he would use his power to assist Putin's agenda in return.
In April 2019, the website Just Security put together a thorough analysis of the Mueller report and found that "it provides significant evidence that Trump Campaign associates coordinated with, cooperated with, encouraged, or gave support to the Russia/WikiLeaks election interference activities."
The amount of such activity — some might call it collusion — is dizzying. Trump's campaign chair, Paul Manafort, shared internal campaign data with a Russian spy. Deputy campaign manager Rick Gates was in the car with Trump when Trump got a call tipping him off to a WikiLeaks dump, which we now know involved emails stolen by Russian intelligence. Donald Trump Jr. and other campaign staffers took a meeting in Trump Tower to discuss what they clearly hoped was a chance to get deeper into the conspiracy. Behind the scenes, Trump Jr. encouraged the Russian conspiracy and tried to set up back channels in order to get more involved.
For their efforts, the Russians got some important love tokens from Trump and his campaign in return. Trump rewrote the Republican platform to remove language condemning Russian aggression toward Ukraine. Trump's first, and very short-lived, national security adviser, Michael Flynn, got in trouble during his time on the transition team by implicitly promising Russia that sanctions levied under Barack Obama, in response to the election interference, would be removed. Arguably, Trump's threat to pull military aid from Ukraine was just more of the same, as it served not just his interests but Putin's as well.
Mueller proved a "quid." There was a ton of evidence of the "quo." There just wasn't direct evidence of the "pro," so much as a lot of raised eyebrows and a mutual, if unspoken, understanding.
Remember that 34 individuals were indicted or convicted or pled guilty to crimes as a result of Mueller's investigation. Trump himself clearly committed multiple obstruction of justice crimes in his efforts to cover up the conspiracy, and it's somewhere between possible and likely that his obstruction successfully concealed more evidence of collusion or even outright conspiracy.
Most likely there wasn't an overt conspiracy because there didn't have to be. Trump understood he was getting illegal help from the Russians, and used his public platform repeatedly to indicate to let Moscow know they would feel his gratitude for their help. Furthermore, reading the Mueller report, one gets the impression that Russian spies looked into the possibility of more direct conspiracy with the Trump campaign, but when they witnessed what a bunch of incompetent amateurs they were dealing with, felt it was better to leave Trump and his family out of the loop with the conspiracy against the American people.
It's important to reiterate all these facts and analysis because it helps us understand what the hell is going on with this Russian bounty story. Trump is both grateful for the extensive and illegal help he got from the Russia in the 2016 election and hoping to get more such help in 2020. (Which he hasn't exactly been coy about.)
This history suggests that Trump may not be directly conspiring with Putin, but appears to have an unspoken understanding with the Russian president: Putin will give Trump campaign help and Trump will look the other way when Putin takes actions to undermine Western democracy.
As anyone with a Twitter account and a political opinion could tell you, Russia is upholding this end of this bargain, actively using social media to expose Americans to the same psy-ops that Putin has used against his own people for years.
This context helps us understand Trump's behavior, as well. A new report from CNN's Jim Sciutto paints a picture of Trump's attitude toward intelligence reports that have unfavorable information about Putin and Russia: He doesn't want to hear it, and has bullied and browbeaten officials so much that they've given up on offering him substantive intelligence about Russia's activities.
"The President has created an environment that dissuades, if not prohibits, the mentioning of any intelligence that isn't favorable to Russia," one official told Sciutto.
This isn't really that mysterious. Trump is grateful for Russia's help and wants more of it. He understands that the price of such help is not interfering with Putin's anti-democratic machinations. So he's intimidated intelligence officials into rarely or never broaching the subject, and has actively used the powers of his office to aid Putin, such as trying to get Russia back into the G7. It doesn't need to be a conspiracy. But one might call it collusion.
There have already been American deaths linked to these Russian bounties. Trump refuses to own up to the fact that it was wrong to ignore the intelligence in the first place, and even continues to deny that any of it's true. By calling the story a "hoax," Trump is signaling to Putin that he's got the Russian leader's back, and that whatever Putin wishes to do in the global arena, Trump will not only look the other way but will make excuses for him.
There's a lot of chatter about Trump having been blackmailed or paid off by Russians, and heaven knows our situation is so bonkers that you can't rule that out entirely. But we also don't need that sort of explanation, when the most obvious one is staring us in the face: Trump wants Russia to help him cheat in 2020, just like they helped him cheat in 2016, and he's willing to do whatever he can to make sure that happens. If the price requires the blood of American soldiers, then so be it.
If you read the PR's carefully, it seems unclear to me whether the investor has signed an LOI to invest two tranches of $25 million into the crypto currency or into ALYI stock. It seems that the first tranche will be paid if and when ALYI reaches a valuation of $50 million market cap or around $.05/share. If it doesn't, it's unclear that anything would change. Anyway, I recommend flip trading this until or unless they PR something solid.
I'm still mystified, why not just provide the link to the Wyoming Secretary of State page with the information on Alternet instead of a link to a search engine? I would think most people know how to call up a search engine. It makes one wonder if the claim was made up instead of true DD. iHub also allows you to highlight the link and click on "url" on the sidebar. If you replace "insert text here" with your own text, it is displayed as the link text for the url that you highlight.
I was referring to his dates as speculation. We had no confirmation that the AS was changed on June 1st or that the report was delayed until the 24th. Elkonig has since claimed that the AS was changed on the 24th (BTW, it would be nice if you folks provided links to your claims - it's not rocket science to do so).
As of today, that's still just speculation. However, we can also speculate that the AS increase was made to allow for the change of majority ownership.
Not arguing that games can't be played. The real issue isn't that the AS is raised but whether or not new shares are issued and for what reason. We'll see.
The fact that there may be a new majority shareholder is intriguing and may be the primary reason for the additional shares. Depending on the shareholder, it could be a game changer but I continue to be a bit skeptical.
LOL Enabling racism just proves that you're OK with it. It makes you just as guilty as any racist.
President Trump Retweets a Video of a Supporter Shouting 'White Power' at Florida Protesters
BY SANYA MANSOOR JUNE 28, 2020 10:00 AM EDT
On Sunday, President Donald Trump thanked some of his supporters in Florida by retweeting a video of people driving golf carts confronting anti-Trump protesters. Early in the video one of the supposed Trump supporters on a golf cars shouts “white power” with his fist raised at protesters.
Trump’s retweet was deleted later on Sunday morning, though the original tweet still currently exists.
The two-minute video that Trump had retweeted identifies the scene as “seniors from The Villages in Florida protesting against each other.” As an unidentified man and woman drive by in a golf cart decked with signs that say “Trump 2020” and “America First”, they slow down to address protesters, one of whom is holding a sign that says “Make America Sane Again.” As a protester chants “racist” repeatedly at the duo, the man responds by saying “white power” and raises his fist. The rest of the video shows continued tense verbal confrontations between the two groups.
Trump’s endorsement of these supporters — and the subsequent “white power” remark — comes amid more than a month of nationwide protests against institutional racism and police brutality following the May 25 killing of George Floyd.
Good to know. Fake stories about gagged TA's have traditionally been used to claim companies were scams when the TA's were simply trying to control nuisance calls.
I think it might have had more to do with the fact that most companies these days probably have info systems that point to new potential cannabinoid drug candidates. There was nothing really unique there any more. Kind of like company's saying they'll give you a "free" quote. It was more meaningful in the early days when few drug companies knew much about the potential uses of cannabinoids.
You've hit the nail on the head. The really interesting news this week was that we will have a new majority shareholder assuming everything works out according to plan. The question is, will this all work out?
Virtually all TA's are gagged these days. It sounds ominous but it's really meaningless. It simply means they won't hire a half dozen receptionists to answer calls from every Tom, Dick and Harry who calls and wants to know the share counts of their favorite investment of the day. They all publish official share counts as soon as they are updated by the company or SEC.
Something is not right with your post. While it seems to show that the company has been re-incorporated in Wyoming as of June 10 with an Authorized Share count of 950 million common shares, the official Authorized share count reported to OTC markets as of June 23 is 600 million with shared outstanding of 599,127,651 shares. It appears that as of 6/23/20 the new authorized share count was not official and had not been reported to the transfer agent.
ALYI OTC Markets Security Details
The volume and pps didn't start spiking until last Thursday June 25. If the OTC market next update shows no change in AS or OS and management has not reported purchasing additional shares, it's hard to imagine who would be profiting from this being a scam. I'm not saying it isn't, just providing some food for thought and withholding final judgement.