Replies to post #70998 on Bots Inc (BTZI)

[MD-420]

100% agree with this post. Mcig is in serious trouble here if they don't pull through on this construction pr.

Notice how the only thing that would start immediately was surveying.

I actually would not be surprised if this goes sub penny in the next couple months. It will of this sin city deal falls through.

[lesgetrich]

BitCoin is a great idea but it has one serious flaw. The merchant still needs a bank account into which to transfer his receipts. One option is for merchants to open overseas accounts but then there's the danger that they'll run afoul of money laundering regulations. Until banking regulations are eased to allow MJ companies to open accounts, it's not a viable solution to the MJ sectors financing problems.

The $7 million revenue projection was based largely on estimates of construction division revenues. Unfortunately, these have taken longer than anticipated to realize. Grow Services currently has roughly $9 million in their revenue pipeline with approximately $4.5 million under current contract. Paul has apologized for jumping the gun on the revenue estimates...

mCig, Inc. Issues Letter to Shareholders

Last year, when I projected revenue of $7-$10 million, I knew that the main revenue would come from construction and consulting services, but what I didn't foresee was the delays caused in the industry by regulation and how long it took some companies to get financing for their projects. For investors that aren't familiar with our space, Nevada for example, has a May 3 deadline to show "forward progress" for completion of a Facility. This is why you are seeing a rush to start Phase 1 construction but, until recently, everyone was talking but not signing. I was premature on my prediction but look at the deals on the calendar we have now. These projects will expand and we expect there will be more business spinning off from these projects and possibly additional phases. You only need to understand the fact that as they make money, they will invest to expand like in any industry. We should see real stable year over year growth, and you can already estimate a good deal of our Grow Services revenue from the guidance I provided recently. I apologize to everyone when I made premature predictions, but watch for more signed construction contracts in the weeks and months to come.