Bots Inc (BTZI)

[lesgetrich]

It appears that First Bitcoin Capital Corp. will now have controlling interest in Bots, Inc...

BTZI 8-K

In exchange for the acquisition of these assets the Company issued 100,000,000 shares of common stock and 30,000,000 Series A Preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60,000,000 shares of Series A Preferred upon reaching certain milestones. All Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall be issued 1 share of MCIG common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp.upon a record date being set by First Bitcoin Capital Corp.

Each series A Preferred share is convertible into 10 common shares and has the voting power of 10 common shares. BTZI Currently has 755,374,596 shares outstanding as of 7/7/20. That presumably includes the 100 million shares issued to First Bitcoin Capital for the acquisition. With the 30 million Preferred shares, First Bitcoin now has 400 million votes, thus giving them control. It would be interesting to see if Paul Rosenberg was given any role (or shares as part of an employment agreement) in First Bitcoin.