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Saturday, February 17, 2018 12:04:25 PM
The $12 mil private commitment is for KrypNetworks, not OBITX.
The $12 mil is to support their ICO, not for implementing new ATMs by their own company (as opposed to OBITX as a franchisee - who would have to use their own $$ to buy more ATMs).
KrypNetworks is soliciting franchisees for the installation of ATMS. It's unlikely that they will spend a single penny for any ATMs.
KrypNetworks is unlikely to be an actual manufacturer of ATMs; and likely subbing that out to real ATM manufacturers.
So, again - since OBITX and MCIG owns 0% of KrypNetworks - there is 100% NO BENEFIT to OBITX and MCIG - as to what KrypNetorks does at all.
OBITX will only make money on transaction fees as a franchiser of KrypNetwork ATMs. That's it - RFLMAO. They DEFINITELY WILL MAKE $0 ON any ATMs that KrypNetwork installs on their own/sells contracts on their own APART from OBITX.
That's not how things work since OBITX is allegedly a franchisee of KrypNetwork, not the other way around.
There is no evidence that there are other franchisees of KrypNetwork ATMs.
There is no evidence of a live network
There is no evidence that OBITX has successfully sold any ATM contracts on their own.
So, OBITX revenues = $0
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