Bots Inc (BTZI)

[ATCrunch]

This was delusional at best. heres why.

you say 99% of korean men smoke. That's worse than delusional. Ive seen figures as high as 50% but not 99%. While it was high in 90's at 70% its not that high anymore. Like others have said, they've outlawed smoking in public places. Korean men smoke more because it was cheap not like the usa.

You say the ecig market in korean men is hundreds of millions. If it's worth that much then you will see plenty of competition.

Sales are declining in the USA for ecigs. Heres why, people want to feel the real deal. E-cig's never fill the void. Most of the people I see smoking them admit that and buy regular cigs still. That fact vitacig has no nicotine makes me not want to invest more.

Here are a couple of sources I think everyone in here should read.

http://www.korea4expats.com/article-smoking-culture-korea.html

http://www.marketwatch.com/story/e-cigarettes-may-not-be-the-savior-of-the-tobacco-industry-2014-07-22