Bots Inc (BTZI)

[lesgetrich]

He did not lose anything on this. Just because you can’t see it, you think he did all this for free for 8+ years.

All shares purchased or sold by company insiders have to be reported to the SEC on a Form 3 or Form 4. They also have to be reconciled on the financial statements. They are typically awarded as unregistered securities and must be registered by the company before the owner can take possession. Most retail brokers won't deal in them and those specialized brokers that do won't allow sales when the company isn't current in its financials. Taxes are due as soon as holding periods expire whether or not the securities can actually be sold.

The SEC has recorded only 8 Form 3 or Form 4 filings in the 8 year history of mCig/Bots. You can view them at this link...

BTZI SEC Filings Search

Most of those were filed by Michael Hawkins. Paul sold 60,000 shares on 12/24/2014 at $.11/share for a total value of $6,600

12-24-2014 Form 4 Filing

On 3/29/2019 Paul reported the sale of roughly 300,000 shares at various prices for a total value of $50,261.80

3-29-2019 Form 4 filing

Paul's last transaction was on 10/22/2019 when cancelled 30,000,000 of his shares which were returned to the mCig treasury. He transferred another 6 million shares to vendors who had performed work for the company as payment for their services. None of these transactions benefited Paul personally.

10-22-2019 Form 4 filing


So in 8 years as CEO of the company, Paul was able to cash in shares for exactly $56,861.80. I suspect he paid more in taxes for the shares he received during that period. Moreover, he's still stuck with millions of both common and preferred shares which just lost about 70% of their value. Consequently, if he was scamming us he did a pretty poor job of it.