Replies to post #76758 on Bots Inc (BTZI)

[cashbyers]

It is unclear for me as well. Thank you for bringing this to my attention.

[marathon man]

Thanks for responding so quickly.

So, if he hasn't sold then he plans on selling some soon.

9-15-16 maybe?

[MD-420]

Alan, I hope you stick around and discuss any more thoughts you have.

[lesgetrich]

I believe the shares can be sold to accredited investors (i.e. investors with considerable assets and the knowledge and means to properly evaluate the risks involved) and affiliated persons (employees and contractors) without public disclosure, however, they would have to be restricted from sale for 6 to 12 months. My guess is that they were used primarily as share compensation for their contract executives/employees, in which case the sales would be restricted for 12 months after which they could only sell 3% of their holdings on any given day.

Paul is still putting his personal funds into the company...

The Company entered into a Line of Credit with Paul Rosenberg (see Subsequent Events) for up to $100,000 in funding. Throughout the fiscal year, the Company had various transactions in which Paul Rosenberg, the Company’s CEO and Chairman of the Board personally paid expenses on behalf of the Company. As of April 30, 2016 the Company borrowed $24,173 from Paul Rosenberg. On May 1, 2016 the Company entered into a Line of Credit and Convertible Promissory Note for up to $100,000 in funding by Paul Rosenberg to accurately record the day-to-day transactions of the Company and Paul Rosenberg.

There is no indication that Paul has personally profited from any stock sales or that there is any dumping going on.