Artificial Intelligence Technology Solutions Inc (AITX)

[KelliBlue]

Except that, and i don’t know this for sure because there hasn’t been enough info in the filings yet to do the math, each scot deployment may not put the company deeper in debt.

It was easy to see from last August’s filings that the SMP/RAD robot business model was seriously flawed.
Each time RAD ordered a bot from SMP they had to pay SMP 100% of the cost of the bot by delivery, yet RAD only charged its client 20% up front, and the other 80% over 3 years.

It didn’t take a genius to figure out that each time RAD deployed a bot they actually went deeper into debt. The financials have proven this out. Not that there were many deployments.

The SCOT model may be different. I still think it’s lame AF. Had SR been tweeting about these dumb coke machines last year the RM would have gone nowhere. AND the RADbot fiasco has lost SR all credibility. Who knows.

Probably one expected outcome of this RS to to flush all the disgruntled investors who lost money big time on OMVS. Hoping to pick up new investors who are focused only on the new plans as they exist going forward. Much like uberesque trucking app OMVS did when they entered the AI space. A bunch of new ppl will claim “things are different now”

Pro tip: things are never different