Bots Inc (BTZI)

[lesgetrich]

The jury is still out on enforcement of the patents. Until we see a court case we won't know.

In the meantime there are several other potential revenue sources in the works. Your opinion that they won't see revenue from mining rig repair is just that, AN OPINION with zero basis in fact. NFT transactions are a lucrative potential market as is a corner on the Meta Market with Vegas.MT. The next few quarters will be very interesting.

As for Everything Blockchain, from my Obitx post #595...

oh so most of the revenue is generated by holding crypto assets

interesting

That's an oversimplification. You make it sound like it's all crypto appreciation. You forget that they're also now in the crypto mining business. From their 2FQ22 10-Q

On June 30, 2021, the Company acquired all of the equity interests of Mercury, Inc. (“Mercury”), pursuant to a Purchase Agreement dated April 24, 2021. Upon the closing of the transaction (the “Mercury Acquisition”), Mercury became a wholly owned subsidiary of the Company. The Company has utilized Mercury, which is located in Idaho, as its hosting solution since May 2020. The Company with Mercury will launch its mining operations in the western United States. The Company will commence mining for Bitcoins, Ethereum, and other alternative cryptocurrencies. For information on the Mercury Acquisition refer to “Note 5. Mercury Acquisition”.

The company also realizes interest income in its investment in HEX which would be collected in crypto. From their 06/07/21 PR...

EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021

During the month of May 2021, which represents the first month of the second fiscal quarter, Everything Blockchain recorded $3.5M in revenue with $1.5M in net profit. This represents a 342% increase in revenue and a 350% increase in net profit during the first month of this quarter as compared to the revenue earned from February thru April 2021; bringing the total for the first four months of this fiscal year for Everything Blockchain to $4.8M in revenue with a net profit of $2.1M.

This rapid growth in revenue and profits stem from the Company’s involvement with HEX, claimed to be the Blockchain’s first high yield certificate of deposit. Robert Adams, Director and Chief Technology Officer stated, “HEX is a fully-functioning, decentralized high yield certificate of deposit project that reached completion of its Adoption Amplifier (sales) and operates according to the smart contracts that govern its protocols. It is not vapor-ware, an idea, still in development, but is a mature, fully-functioning and highly-complex mathematical masterpiece, and currently a Top Ten cryptocurrency according to its market valuation of $34 billion.” HEX has seen growth, acceptance, and adoption worldwide. A HEX “certificate of deposit” referred to as staking, is currently yielding an average 25-40% APY interest. Mr. Adams went on to say, “The potential market for HEX is trillions, when compared with other multi-national brick and mortar banking offerings. We we with HEX from the beginning, and our position in HEX is significant.”

Eric Jaffe, Everything Blockchain’s Chief Executive Officer stated, “While its not customary to release numbers for a single month, we felt compelled to release this information to the public for two reasons. In addition to this rapid growth in revenue that puts the Company on pace to reach $14 million in revenue this year, we have received notification from certain officers and directors who intend to purchase up to 10% of the Company’s common stock on the open market.

Moreover, as of the last 10-Q, the company had realized $11.6 million in revenue thru October 31, with two months (possibly 3 if you count January) to go to reach their $14 million target with $6.5 million in YTD profit. Of that $11.6 million, $2.2 million is revenue from services (which also is probably paid to them in crypto). In other words, when they realize gains from the sale of crypto, it's not simply selling off finite assets. It's a replenishable resource.