Replies to post #70205 on Bots Inc (BTZI)

[lesgetrich]

Please offer some documentation for your your statement...

If Mcig doesn't file on time, they are subject to penalties because they will have been late 2 times in a calendar year. They filed late 6 months ago. FILE ALREADY!

I have found no such penalty in my research.

Frequently Asked Questions About Periodic Reporting Requirements For US Issuers Overview

Does the failure to file periodic and current reports on
time or at all subject the issuer to liability?

Yes. The failure by a Reporting Company to file a
required annual, quarterly or current report constitutes
a violation of Section 13(a) or Section 15, as applicable,
of the Exchange Act and subjects the issuer to potential
liability. The SEC could institute administrative
proceedings against the late filer seeking revocation of
its registration under the Exchange Act. These
proceedings by the SEC are uncommon though, and
typically aimed at recurring and egregious violations.

Other liabilities include restrictions on the ability to file certain other reports, such as registration of stock based employee compensation, which are all cured once the 10-Q is filed. There is nothing there that would have any immediate or long term effect on MCIG of VTCQ and certainly no mention of a second violation incurring anything.