Bots Inc (BTZI)

[lesgetrich]

For whatever reason, they've apparently decided to turn First Bitcoin into a holding company by transferring all of its assets to Bots. The owners of First Bitcoin now own most of Bots and indirectly still own all of their former assets, including the patent, and the profits that come from them.

First Bitcoin was never singled out for suspension. It was suspended in 2017 along with all of the other cryptocurrency companies because there was no reliable way to value new cryptocurrency issues. That problem appears to have been solved by the sale of the crypto assets to Bots for a defined value. Consequently, they now have a cost basis from which to derive profit or loss for proper GAP accounting.