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It means that they no longer have to comply with the strict reporting requirements of the SEC and FINRA. However, they must still do alternate reporting, including quarterly financials, to continue trading. It makes it easier (and less expensive) to file their quarterly reports.
Wow, finally enough people in the world have either been vaccinated, caught Covid and developed immunity, or died, that the pandemic is slowing down and becoming manageable. Who'd of thunk that was possible. Those medical experts who warned us about all the deaths and predicted this would eventually happen were really smart weren't they. SMHLMAO
Biden won several states by just a few thousand votes. Unvaccinated republicans are dying faster than democrats. Just keep pushing your fake Covid info to your MAGA buddies. Darwin was right...
Pro-Trump counties now have far higher COVID death rates. Misinformation is to blame
Obitx does not own 49% of Bots. Quit spreading misinformation.
It does make it easier for them to report, which may give them a better chance of getting the financials submitted in time.
SMHLMAO Their problem isn't crime, it's a Republican governor who refused to spend money to hire enough pathologists and staff to take care of the workload. Consequently they have a huge backlog that's been piling up for several years.
With ‘bodies piling up,’ contractors clearing backlog at Maryland medical examiner’s office for $850 an autopsy
Whether you can buy or not depends on the brokerage you work with.
I'm saying that the NT-Q probably won't buy them enough time to file and they may be using this as a way to get more time. I agree with you that this will allow them to continue trading in the meantime without getting delisted.
* SEC Form 15-12G is the certification and notice of termination of
registration of a class of securities under Section 12(g)of the
Securities Exchange Act of 1934.
* The Form is also used to provide notice of suspension of duty to file
reports under sections 13 and 15(d) of the Securities Exchange Act.
* When a company registers securities, it is obligated by regulation to
file periodic and current reports with the SEC. Form 15-12G may end
those obligations as securities are de-issued.
It is a different company. Here are the details on the other Bots, Inc on Dunn & Bradstreet...
D&B - Bots Inc
There is no record of any financing from Bots in either Bots' financials or Kronos financials that I've been able to find. On the contrary, what is listed for Kronos is the following...
KRONOS ADVANCED TECHNOLOGIES INC FILES REGISTRATION STATEMENT ON FORM S-1 TO FUND EXPANSION UP TO $10M.
COUV's filings are posted on the sec.gov website...
https://www.sec.gov/edgar/browse/?CIK=1450307&owner=exclude
It seems to indicate that they don't think they'll be able to file their financial 10-Q report on time. Nothing new here except that the rules were changed last September and OTC markets seems to have less flexibility with companies that file late. BTZI has a long history of filing late financial reports. This may be a way to head off a negative reaction from OTC Markets such as a trading suspension until they are current.
Here's a PR we may have missed...
Bitcoin is currently priced at roughly $44,000/BTC.
200 BTC in 2022 = $8,800,000 revenue
BOTS, INC. Enters Into Profit Sharing Agreement to House Up to Two Thousand Bitcoin and Ethereum Miners
SMHLMAO Who's stock do you think they should promote on their twitter site? Can the criticism get any more ridiculous?
I read it in full a long time ago. Nothing has changed except shorts posting a bunch of baseless speculation. It's the opposite of a pump by people looking for a lower price. The stock has been trading roughly between $.03 and $.06 since early last summer based primarily on its asset value (stocks, IP and cryptocurrencies owned). I don't see any major changes until we hear about some new revenues from the company.
Read the following...
Post # 120748
and let's see you argue that the GOP isn't a fascist cult as described in the post.
Read it yourself...
Bots 2FQ22 10-Q
I think we're seeing a dump pump. Shorts seem to be getting desperate.
BTZI is a shareholder just like anyone else. They can determine what is in their best interest and, just like it may be the case for anyone, it's just as likely that it's in their interest to hold on to the OBTX stock in expectation that the pps will be higher in the future.
Why is anyone else still holding on to their OBTX stock? The same rational applies to BTZI. There's absolutely no reason to believe they would sell any more than there is reason to believe they will hold.
Why haven't they sold SING or KNOS? Why are they still holding those shares? They could sell them at any time. Same with OBTX. Same with any of their other assets that they acquired from First Bitcoin and they wouldn't have to wait until April to do so. Obviously, they aren't in desperate need of cash because they haven't sold anything.
Their next 10-Q financial report for 3FQ22 ending 1/31/2022 is due on March 14,2022.
From the most recent Obitx 10-Q...
OBTX 3FQ22 10-Q
BTZI is currently classified on OTC Markets as "Pink Current Information" not "Limited" information. It does not have a "yield" sign.
You cite a report that is over ten years old regarding some bad actors and draw a set of tenuous relationships to Simon Rubin who is currently involved with the management of First Bitcoin (BITCF), Bots (BTZI) and Kronos (KNOS).
First let's note that KNOS is currently listed on the OTC as Pink Current Information, Verified Profile 08/2021, Transfer Agent Verified and with Independent Directors.
Regarding the exchange of 600,000,000 BIT for $1,000,000 in debt, Coinmarketcap.com lists BIT as an "Untracked Listing" and shows the following...
First Bitcoin (BIT) Price Quote on Coinmarketcap.com
You cite a report that is over ten years old regarding some bad actors and draw a set of tenuous relationships to Simon Rubin who is currently involved with the management of First Bitcoin (BITCF), Bots (BTZI) and Kronos (KNOS).
First let's note that KNOS is currently listed on the OTC as Pink Current Information, Verified Profile 08/2021, Transfer Agent Verified and with Independent Directors.
Regarding the exchange of 600,000,000 BIT for $1,000,000 in debt, Coinmarketcap.com lists BIT as an "Untracked Listing" and shows the following...
First Bitcoin (BIT) Price Quote on Coinmarketcap.com
I think people realize that the entire market has been down the past two days and we shouldn't draw too many conclusions from a dip in today's pps.
The pandemic will end or subside at some point in time, so like a broken clock you'll someday be able to brag about how you were right about needing to relax the rules even though everything you advocated for prolonged the agony. Nevertheless, I have no problem with having the government step back and just letting unvaccinated republicans die except that they're clogging up our hospitals and increasing health care expenses. Maybe it will help clean up our gene pool.
However, schools and employers should continue to require vaccinations like they always have, the vaccines should be free to all, and the Supreme Court ruling against OSHA requiring vaccination or testing is insane and illogical and needs to be reversed.
It's not surprising that two companies that are partners and share ownership would share business strategies or facilities. There's nothing nefarious about that. Moreover, both companies are getting marketing (I assume PR) and branding advice from Kevin Harrington and Steve Mandel. Also, the Chairman of Kronos' Board is described on their website as...
Yes that was in response to a post about Kronos which is part owned by BTZI.
See post # 110491..