Bots Inc (BTZI)

[lesgetrich]

Interesting possibility. It could explain their July 7, 2021 PR...

Item 1.01 Entry into a Material Definitive Agreement.

On July 6, 2021, the Company entered into a settlement agreement with Everything Blockchain, Inc. Under the settlement agreement the Company agreed to return 250,000 shares of Everything Blockchain Series B Preferred stock to Everything Blockchain in exchange for the assignment of the $1,400,000 promissory note owed by First Bitcoin Capital Corp to Everything Blockchain, along with the $110,000 interest owed on the promissory note. In addition, the Company received 20,726,120 BIT tokens held by Everything Blockchain. This transaction was a related party transaction and was conducted at arm’s length.

Simultaneously with the above transaction, the Company exchanged 125,000 shares of Series B Preferred stock for 50,000,000 shares of BOTS common stock owned by Epic Industry. In addition, the Company exchanged 125,000 shares of Series B Preferred stock for 50,000,000 shares of common stock owned by Paul Rosenberg.

In addition to the Company entered into a settlement agreement with APO Holdings, LLC where the Company issued 15,000,000 shares of common stock in exchange for the settlement of its outstanding debt owed to APO Holdings, LLC in the amount of $58,706

It seems they gave away half their investment in Everything Blockchain for a pretty cheap return after Rosenberg resigned as Bots CEO, however, I think he's still on the Board of Directors (the website still shows him as Chairman of the Board). The exchange certainly makes it possible for OBTX to now acquire Bots. Perhaps by acquiring First Bitcoin Capital (BITCF) which currently holds controlling interest in BTZI.There seems to be a lot of overlap in the business plan of the companies. JMO