Bots Inc (BTZI)

[Master-of-Disaster]

OBITX 10Q is everything that has been expected from an MCIG spin off.

https://www.otcmarkets.com/filing/html?id=14026244&guid=HodWUaNWUVSNuth

The Cliffs notes...

1. no revenue from operations for the nine months ended October 31, 2019

2. no sales for the nine months ended October 31, 2019

3. no cash equivalents as of October 31, 2019

4. negative cash flow and there are no assurances the Company will generate a profit or obtain positive cash flow.

5. The Company has sustained its solvency through the support of the shareholder, MCIG

6. OBITX is engaged in the business of marketing and advertising through its proprietary software.

7. We had an increase in net cash borrowing for financing activities of $8,152 in the nine months ended October 31, 2019 due to the payment of invoices by MCIG which was offset by the amount due to MCIG. For the nine months ended October 31, 2018 the company borrowed $162,148 from related parties.

8. The Company is not involved in any legal proceedings which management believes will have a material effect upon the financial condition of the Company, nor are any such material legal proceedings anticipated.

9. the company has a negative working capital as there has been a significant loss when $1,250,000 of accounts receivable was written off for the year ended January 31, 2019. The large accumulated deficit raises substantial doubt about its ability to continue as a going concern.