Bots Inc (BTZI)

[lesgetrich]

This discussion is going off in the weeds and way off track from the original claim by MD40 which was...

there are likely tons of shares issued for cash that will be converted into toxic debt.

My response was that we would know if this were the case. That Bots/mCig has never issued toxic debt and MD40 has not offered a shred of evidence supporting his claim.

Toxic debt requires issuance of new shares by the company to take on new debt after the current convertibles are sold by the lender. These new shares are issued at lower and lower prices as the company's outstanding shares are diluted with each new loan, thus creating a death spiral. At the very least we would see large increases in the OS as these shares were sold into the market. The OS for Bots and all OTC companies is listed on OTC markets and updated regularly. It was last updated on 12/31/2021 at 770,374,596 shares.

The company's most recent 10-Q published on 12/15/2021 had the following statement.

As of October 31, 2021, the Company had 779,874,596 shares of common stock, $0.0001 par value outstanding.

So explain to us, if MD40 is correct about Bots issuing toxic debt, how is the OS going down instead of up.