Bots Inc (BTZI)

[lesgetrich]

That's 7 months October 2020 to April 30, 2020 of BTZI collecting some of that $30 MILLION_ANNUAL_REVS from ATM patents.

Seriously??? Unless you think time is rolling backwards, I assume you mean the 7 months from October 31, 2020 to April 30, 2021. The April 10-Q covered the 2FQ2021 period of FY2021 (8/1/2020 thru 10/31/2020). Bots is only required to report revenue thru 10/31/2020 in that financial report. They didn't start enforcing the patent until the following quarter (3FQ2021 which runs from 11/1/2020 thru 1/31/2021).

It also takes time from when they inform a company that it's infringing on their patent and when that company decides that they've exhausted all legal remedies and they have to pay up or fight it out in court. We may not see any revenue from the patent until first or second quarter of 2022 (i.e. periods ending 7/31/2021 or 10/31/2021) or later if companies decide to take thing to court. Hopefully, it won't take that long (the company has projected revenue for 2021). As a carrot, they're offering these companies the opportunity to participate in their network which will allow their ATM machines to have interoperability across all networked ATM's.