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Re: MD-420 post# 109740

Monday, 11/22/2021 12:08:23 PM

Monday, November 22, 2021 12:08:23 PM

Post# of 112680
If these imaginary "partner companies" were subsidiaries, their income and expenses would be part of mCig/Bots' financials so again the independent auditor companies would have to be in on your imaginary scam. If they were partially owned by mCig/Bots, that would have to be disclosed to the auditors If they were independent companies they would also have to be disclosed as related party transactions if they benefitted mCig/Bots management.

Moreover, the latest 10-K includes the following statement...

REVIEW, APPROVAL AND RATIFICATION OF TRANSACTIONS WITH RELATED PERSONS

All future related party transactions will be approved, if possible, by a majority of our directors who do not have an interest in the transaction and who will have access, at our expense, to our independent legal counsel.



This was not possible previously since the company did not have an independent Board of Directors. However, this was something the auditors would have been particularly keen to investigate if there was any suspicion of illegal enrichment of management.

Note also, all you are doing is casting aspersions based on hypotheticals without actually presenting any concrete examples of where this supposed scam could have been pulled off and how much money could have been involved.

Les

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