Bots Inc (BTZI)

[BubbaInSC]

OBITX S-1 = Insider Enrichment?

$3 mil already paid to insiders for CR(APP) IN CASH. Up to another $2.5 mil of OBITX preferred shares may be issued to insiders WITHOUT ANYONE'S KNOWLEDGE.

https://www.sec.gov/Archives/edgar/data/1730869/000160987618000011/obitxs-1amendment6.htm

Our Certificate of Incorporation authorizes the issuance of 200,000,000 shares of common stock and 100,000,000 blank check preferred stock. Any future merger or acquisition effected by us may result in the issuance of additional securities without stockholder approval and may result in substantial dilution in the percentage of our common stock held by our then-current stockholders. Moreover, the common stock issued in any such merger or acquisition transaction may be valued on an arbitrary or non-arm’s-length basis by our management, resulting in an additional reduction in the percentage of common stock held by our then existing stockholders. Our Board of Directors has the power to issue any or all of such authorized but unissued shares without stockholder approval. To the extent that additional shares of common stock or preferred stock are issued in connection with a future business combination or otherwise, dilution to the interests of our stockholders will occur, and the rights of the holders of common stock could be materially and adversely affected.

up to $2.7 mil in obitx preferred shares can be issued to insiders at any time WITHOUT Telling anyone. They can be converted to common shares at any time. There does not appear to be any restrictions on selling those converted shares.

Render Payment, LLC is full of insiders. They account for 99% of revenues and 100% of accounts receivables.

The rest of the OBITX revenues/sales are generated by sales to MCIG or MCIG Subsidiares.

Look at who owns Render Payment, LLC


Insiders are getting MILLIONS of dollars; whereas MCIG shareholders will only get 1 OBITX share per 1000 MCIG shares owned.

To put that into perspective

1 mil MCIG shares = 1,000 OBITX Shares
1,000 x 0.55 = $550

100k mcig shares = 100 OBITX shares
100 x 0.55 = $55

1,000 MCIG shares = 1 OBITX share
1 x 0.55 = 0.55 cents

MCIG shareholders should feel pretty abused from the backside by MCIG

Bend over folks, insiders are getting rich off of you.