Bots Inc (BTZI)

[lesgetrich]

We haven't heard anything about that patent or it being enforced in almost a year no? That can't be a good sign

Not so. We heard from them on May 17, 2021...

BOTS INC ANNOUNCES IP LICENSING GUIDELINES FOR BITCOIN ATM MANUFACTURERS AND OPERATORS NATIONWIDE; RETURNS TO CURRENT ISSUER SEC REPORTING STATUS

The patent was also mentioned on their FY2021 10-K which was published just a few weeks ago.

Keep in mind that apart from the patent enforcement royalties, they are also trying to set up an ATM network for ATM owners and Operators to allow interoperability between different ATM machines and software. This could also generate significant subscription revenue. The patent is the carrot to get the independent manufacturers and operators to sign up.

Nevertheless, it may take as much as another year or two to get a definitive legal opinion on whether Bots can enforce the patent, or we could hear some news next week. Right now we just don't know.

That's why I offered a separate target of $.11 to $.17 per share if you discount the ATM revenue and only focus on the mining rig repair which they have estimated to bring in $20 to $30 million in revenue in 2022.

The estimates are based on a 10% profit margin. Considering that they currently have no US competition, they may be able to charge enough to get 20% profit or more. If that's the case, the target could be double that or over $.22 to $.34 per share by the end of 2022. Rig repair alone would more than double todays pps (at $.11/share) up to as much as an 800% gain (at $.34/share). So, once this months tax loss selloff is over, I expect the share price to rise significantly, particularly if they can realize new revenues from other ventures they've announced.