Bots Inc (BTZI)

[capitalkid]

This is a great example of Paul getting fleeced. He is so eager to partner with other companies that he will drink whatever kool aid they serve him instead of doing base-level due diligence to (in)validate whether the partner can deliver on their promises.

Two common sense checks that should have been done here:
1. Can the potential partner finance what they are promising?
2. Does MCIG need what they are promising to deliver? (or equivalently, if MCIG had the cash equivalent, how would it invest the funds?)
3. Does the potential partner have the existing relationships, distribution network, available talent, and resources to deliver what they are promising on time, on budget, at the quality agreed to?