Replies to post #72959 on Bots Inc (BTZI)

[TheWords]

Analysis on Buba comments:

#1 is forward looking, therefore, not a historical event. Please demonstrate, using Generally accepted accounting principles (GAAP) showing how a consulting fee worked into a construction contract will result in actual net profits.

**-- sorry bubba, #1 is a comment on a contract, and is indeed history, there is no future look in that statement. The company has stated 3 times (pr release 2 weeks ago, call and now) that its profit PLUS a documentary. Couldn't be simpler than that. GAAP 101, if a company bills for consulting, those payments to the company is income and taxed as such. Profit, is what is left over after expenses are deducted. Generally consultant fees are pure profit minus salaries or travel expenses, unlike a Vape pen which may deduct the cost of equipment from the income or sales price.

#2. Noone has said that MCIG/or VTCQ would not get royalties for VitaCig branded products sold overseas. Many have questioned whether MCIG will get royalties for VitaStik branded products; due to the VitaStik debacle. In addition, because of MCIG's history of fluffing numbers (i.e., "conservative 7-10 Million" in revenue - which MCIG FAILED to achieve), will always raise questions when one uses "up to 25%".

**--- again, 3 times the company has stated all VitaStik royalties and income will be coming to Mcig (PR, call and now). Now your trying to confuse VitaCig with the brand VitaStik trying to perpetuate your "debacle" myth. Why don't you find one source that says Europe VitaStik revenues and royalties are not going to VitaCig or Mcig. This is better than you creating false stories that don't exist. Write Johannes at VitaStik and he will tell you their contract is with VitaCig and Mcig not Al. Just because Al has Adobe, much like you have a key board, Al can print whatever he likes and try whatever he likes. But similar to you, it doesn't make him right or benefit from it.

#3 Rollies is Delayed. That's it. If MCIG can't make their deadlines, then they shouldn't bait new investors and string along existing shareholders with unrealistic deadlines.

**-- from Coke Zero to iPhone 7, delays are a part of product launches. Companies pre announce and than launch. Just because your right that the Les June statement was wrong, doesn't mean your right. Most you were writing was that they should be talking to Dispesaries and getting preorders. Well, it seems they got in June a preorder to do the rolling for a group and order of product from the rollies effort. Even though they are waiting for regulatory partnering to be complete, they still are making money and meeting Dispesaries for other deals. Packaging is ready and it's just a matter of time. But your so proud to be correct about a delay fight between you and Les, you forget what all this is about.

It's just another developing revenue line amongst many:

2m last year in CBD sales. How many penny stocks you follow doing 2m in real sales?

Construction deals in the millions. And pictures on line showing there is progress. Hard to doubt progress although you'll find a way.

VitaStik revenues all under one roof, correcting a major past mistake. This really is great despite your cold water making something that doesn't exist.

You fail to see what is obvious and that is that this company is vastly improved and you are simply wrong!

Now even Mcig execs wasting time to say the facts and you still make your lies. Your just wrong. Find us something truly negative because pointing to the past failed launches doesn't justify how the heck they did 2m in revenues last year and have real projects underway now.

According to you they should have zero revenue. How do you explain that!

[BubbaInSC]

Post Is A Forward Looking Statement

Again, this is a forum, and not an official news media source like Marketwatch

#1 is forward looking, therefore, not a historical event. Please demonstrate, using Generally accepted accounting principles (GAAP) showing how a consulting fee worked into a construction contract will result in actual net profits. Noone has seen the contract that you are referring to. It's certainly not the GL contract that was published.

So, when the quote includes "200,000 in profit minimum" - that's no longer a historical event.

And, again, IMO, if anyone is being misleading, it's MCIG. I'm interested in not only growing the top line in the form of revenues, but the bottom line in terms of actual positive net profits. Why? Because growing the bottom line to positive net profits will be pretty beneficial to an increased PPS - WHICH IS THE OUTCOME THAT I WOULD LIKE TO SEE.

"Operational Profit" - What does MCIG define as "operational profit" and exactly how does that help shareholders?

And, noticed that no one has used GAAP to show how the GL contract will show a net profit. Net profit is different from generating revenues. Different metric.

#2. Again, the crux of the issue is who ultimately will have the trademark rights to VitaStik and all of its products. MCIG has not proven that the letter is authentic or not. IF it is authentic, and the VitaStik trademark becomes Al Santos' - you don't think that he's not going to sue MCIG for any royalties that MCIG may or may not be getting from overseas partners?

Yeah, okay......lol. And, no, it ain't gonna be even close to that 25% range as part of the "up to 25%" vague comment. Again, closer to 1-3%, is my opinion for high volume, low cost, low margin products. Anyone see any VitaCBD or Nicotine18 products overseas yet? Yeah, I don't think so.



#3 Rollies is Delayed. That's it. If MCIG can't make their deadlines, then they shouldn't bait new investors and string along existing shareholders with unrealistic deadlines.

Talk is cheap. Actual execution will earn the trust back that MCIG is asking for. MCIG hasn't earned it.

As predicted, people are saying that delays are normal. Umm, okay - it can be. Problem is that many of the delays end up not coming to fruition at all. Do you really want me to create a list of that too?

The outcome of DELAYS is the same.

0 MJ License/Registration + 0 MJ Dispensaries = $0 rolling services sold + $0 Rollies sold.

It really is as simple as that.

At the end of the day, everything below is speculative as they are forward looking statements.

http://investorshub.advfn.com/boards
/read_msg.aspx?message_id=123634047

Quote:
To dispel some of the myths being purported on these forums, I will re-clarify what is accurate. Anything else that you hear is speculative...

#1 GreenLeaf has $200,000 in profit minimum (as per the last PR), couple that with a documentary deal. NOTE: One was NOT exchanged for the other, MCIG in FACT gets both.

#2 VitaCig's royalties and revenues (all encompassing) are now going to MCIG. The illegitimate actions of one prior executive does not impact our contracts in both Europe and Asia.

#3 Rollies is a long term revenue line, with multiple aspects to capitalize on different steams, demands, and requirements. No one ever builds a house without laying out a blueprint, its inconceivable, you will not make it past the first inspector. Deployment takes time, and we want this done correctly. Discovering or moving on additional revenue streams while waiting for regulatory approval is a positive thing, not a negative. We will not stop looking for ways to expanding into existing, new, and emerging markets.

I hope this adds some clarity, or answers a few questions. I know that Mr. Hawkins put a lot of effort into addressing these various topics, but it appears that we need to re-explain things due to misinformation being spread here.