Bots Inc (BTZI)

[Perfectson]

1. show me sales , I don't care what Rob Kressa has to say - heck he may not even be part of the company come next qtr. We went form turnkey solutions of pods to now modifying existing structures - no barrier to entry and any one can seemingly do this . I don't see where the value is in this proposition long term nor is MCIG what I consider subject matter experts in the field yet in order to drive business continuously.

The bids you speak of, are these actual bids - what part of the sales pipeline are these in? When are they going to sign these up. isn't this the same issue we witnessed with Cannapods and the $40m qualified leads??

Solaris was the first customer. The project is worth more than $3 million. They have multiple bids for additional projects and we should hear more announcements early next year. According to Rob Kressa, it's the hottest new thing (no pun intended) in the grow facilities market andn all indoor grow facilities are looking at converting to greenhouses over the next few years. Listen to Rob Kressa's CC presentation on mCig's website...

2.

I did in that piece you quoted. You just didn't like the answer. mCig decided to focus on Commercial facilities rather than small growers after Paul determined that the sales force wasn't producing enough return for the investment. Nevertheless, their current construction contracts all evolved from Cannapods. The revenue projections materialized as customized grow rooms and now, greenhouses. There was no failure, simply an evolution of the business plan.

well because that's not what happened. Do I need to quote again what Paul said?

per his own PR

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CannaPods Group broke the contract because they were impatient about the sales cycle.

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so you're outright lying , you keep spinning this as Paul decided to do something else. CannaPods wasn't happy with MCIG and their lack of actually executing. From my understanding they and are actually quite upset about the "scam" they were pulled into, as they are a small family owned business and put themselves and their employees on the line and it almost cost them big time.


also you have pivoted a few times already:

In June 2015 it was this
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s part of the CannaPods Master Distributor agreement, the mCig Sales Team will be acquiring 200 pre-qualified and prepared bids valued at roughly $40 million from the CannaPods existing sales pipeline. In addition to acting as the Master Distributor for the CannaPod product, the mCig Construction Division will act as the exclusive "preferred builder" for all customers who would like on-site assistance.

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so we were led to believe that there was $40m of potential contracts already lined up

from your own words you felt this would potentially land us $10m all in all in 2015/2016

not only did you think this was achievable you were quite bullish that the sales would me quite higher than that.

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However, if they achieve even $1 million additional revenue from the 10% of the $40 million in CannaPod bids they expect to close they would be in reach of their lower target of $7 million for the year. Hitting or exceeding that target could put them close to $10 million even without any additional revenue from the other sources.

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3.

Now you're inventing stuff out of thin air. mCig never exchanged VitaCig products for services and you haven't got a shred of evidence that they did. VitaCig sales slid under Al Santos, the first VTCQ CEO, and drifted under several managers until Paul got involved a year ago. The customs issues in Korea were the main reason there was little VitaCig revenue during 2015. Overseas partners were ordering direct from China and bypassing VTCQ until it got resolved. It's been explained numerous times. mCig received revenue for a shipment of product in the fall of 2014 that was turned back by Korean customs but this wasn't reconciled with additional product shipment until 4Q15 after their contract had been re-negotiated.

I'm making stuff out of thin air???

is Q4 2016 showing 0% (or negative margins) ??? Yes or no?

I can show you this again and if you need me to show you this in laymens I can. There's 0% gross margins in Q4 2016 ... Your explanation above makes no sense of course. Due to accounting matching principle there's no way they could incur costs that match revenues, unless they:

1) sold product at cost, which means the revenue is misleading since they gave they basically gave their product away (deeply discounted)

2) they exchanged product for services, which is what their parent MCIG has done , which you have admitted they've done this for producing a documentary. So it's not far fetch that they've done this again for other services provided.

3). they took a huge obselence/disposal charge on their inventory - meaning they aren't selling products annd goes back to answer #1

you can say, "you have no proof and I'm making things up" but there's no explanation you can give me on why they have 0% gross margins that can positive.



at the end of the day, you cannot explain why Q4 2016 has gross margins at 0% - this malarky of it being held up in customs doesn't fly. You recongize COGS when the product is sold, period.

To that point, after re-reading your quote, you pivot to talking about 2014 and 2015 - because you know that it's wrong and you going to talking points that you feel you understand ( unfortunately the accounting isn't your first language).

so to wrap up this point, i went really into the VCIG balance sheets, cash flows, P&Ls, and notes.

you cannot expalin why the sales dropped and trended down in 2016, until Q4 where we saw it jump but with 0% margins. Something happened and it's not because Paul put focus on it. YOu don't go from 17k a qtr with positive margins to $100k with 0% margins on the same products and it's clear something underhanded happened.

4.

ROTFLMAO You want to argue that it's somehow a bad thing that mCig shareholders end up with a deal that may be worth $15 million or more. Good luck with that argument. Keep in mind that Mike Hawkins, mCigs CFO, is devoting a lot of his time to taking OMHE public. In fact, he's doing most of the work. I'm sure that was a major consideration in the deal. In any event, shareholders should be ecstatic that Paul was able to pull this off and we won't know exactly how good the deal was until Omni reveals it financials and business plan.

5.) A lot of us got sucked in on the 2014 bubble and learned some lessons. Since then I've shied away from rosey price predictions and have been focused on rational valuations and debunking disparaging claims that masquerade as DD.

just like VCIG was a good idea to spin off right?

You say it's a good deal for shareholders and so we should be happy and shut up and take it. But again, why would you a company do this. Why would the owners of Malecon do this, when they could have raised more money and kept more of their company if it is indeed worht $15m as you say. Sorry, it doesn't make sense...there is no free lunch. People are here to make money, no one is going ignore IPOing for huge windfall in order to do a reverse merger and hose themselves out of millions of potential "financing" that makes no sense at all.


there was no bubble for MCIG, they had a product , it was just crap and it it was taken down to the correct valuation. You writing articles after it had lost 80% of it's value and then saying you are the reason why it regained 5-10% of that value is disingenuous and laughable.

Unfortunately, you debunked some things , I can admit that...there's been some guesses on my part because MCIG is a shady comapny and historically hasn't been transparant and has been blantly lying to shareholders. Because you've fell lock n step with them, you have been wrong the majority of the time at least 95% of the time. I can't look back and say any of your calls and write ups were accurate. When you're writing your articles, you are quite haughty i give you that...for writeups that have been filled with errors and misleads.