Bots Inc (BTZI)

[lesgetrich]

Despite long delays from the SEC, OBITX could prove to be very lucrative for mCig shareholders...

Who's going to want obitx shares on the open market with 3m in convertible shares that could dilute the stock and very little revenue on the books? - Debunked 6/19/18 - mCig shareholders could see huge profits as there will only be 402,811 shares available when OBITX starts trading - converting the warrants adds $3 million to OBITX's book value.

OBITX will only have 2,902,811 shares of stock freely trading immediately after the spin-off at an initial share price of $.55/share. Of these, 2,500,000 shares were purchased in a private placement by two investors and probably would not be sold until well after the spinoff date or until the share price is well above $1/share (2,902,811 - 2,500,000 = 402,811 shares available initially). Another 3,000,000 shares in warrants are exercisable once the pps reaches $1/share but only if the owners pay $1 to OBITX. At that point, if all the warrants are exercised, the book value of the company would exceed $7,250,000 ($3 million from warrants plus the $4.25 million current value) and the OS would be 8,460,000 shares once you add in another 2,500,000 shares owned by mCig. This would place the company's book value at over $.857/share not counting any additional OBITX revenue/earnings or the retail market value appreciation.

I expect that with the low early float (402,811 dividend shares), we could reach $1/share+ on the first day of trading. There are no convertible shares other than the preferred shares owned by mCig. mCig will not take any action that would destroy the share price of their investment. If they eventually convert preferreds (unlikely any time soon) or sell any of their 2.5 million common shares, the money raised from the sales would go to mCig, increasing the value of mCig shares and thus benefiting current shareholders. If they keep all the shares, they could claim roughly 49% of OBITX earnings as revenue while OBITX claims 100% according to GAAP accounting rules.