Replies to post #77182 on Bots Inc (BTZI)

[lesgetrich]

All the projects Les just mentioned to you, with the exception of CBD are delayed by months.

It is not unusual for construction target completion dates to slip. This is particularly true in the MJ sector where potential customers don't have access to bank loans and must rely on the availability of private financing. From the 10-K...

mCig 10-K

Sales

The Company currently has 4 projects under contract, with 3 under construction prior to April 30, 2016. One of the contracts have been suspended until the customer obtains the necessary approvals to proceed. The focus of the construction division is on cultivation and grow facilities within the State of Nevada at this time. We will continue to look to expand our sales to other states in which cultivation and grow has been authorized, in a methodical approach to continue to keep in line with the Company’s desire of no toxic debt instruments.

This was as of April 30. The contracts are solid. The suspended contract probably referred to Green Leaf Farms which just received its financing on August 15 and should be underway shortly. Nevertheless, I don't expect we'll see the bulk of the revenue until the current quarter is reported in December.

He mentions Chill CBD but if I recall, they are not longer working with Just Chill.

Two contracts are appended to the 10-K. One is with Just Chill Products, which manufactures the Chill CBD oil. The Master Distributor Agreement (MDA) gives mCig the sole right to distribute "All" Just Chill products. It is iron clad and can only be terminated by mCig. The second agreement with JCB wholesale requires that JCP buy Just Chill products exclusively from mCig and act as a sub-distributor. Even if the second agreement were broken by JCP, the first agreement would not allow them to buy Chill products directly from Just Chill, since Just Chill can only distribute through mCig. mCig still sells Just Chill products on its chillcbdoil.com website...

ChillCBDoil.com

that minimum order contract likely is no guarantee. In the last PR where they mentioned it, they used the word 'probably' or something to that equivalent, with tells me the contract isn't worth the paper it's written on and investors will likely not see that much revenue from that channel...likely not even close.

...another invented fantasy. From the initial PR on 6/27/16...

June 27, 2016 PR

As a brief explanation to our shareholders to supplement the recent 8k filing, MCIG acquired 100% of the VitaCig wholesale and retail sales, and all real and intellectual properties. Included in the transaction were the distribution agreements for the VitaCig and VitaStik brands in multiple European and Asian markets, with a minimum order quantity of $3.95 million over a three-year period. All VitaCig Internet domains and products, whether sold internationally or in the USA will be consolidated with MCIG sales, eliminating the duplicate costs associated with separate businesses, creating an improved bottom line for all MCIG shareholders.

and from the VitaCig Update PR on 8/1/16...

Aug 1, 2016 PR

From an asset perspective MCIG kept all of the European/Asian distribution contracts that are already revenue producing. These contracts have guaranteed order requirements that have a potential three-year estimated value of $3.9 million USD.

Since they are forward looking statement they need to be qualified. As with any contract, events can occur which will nullify or delay fulfillment (e.g. natural disaster, bankruptcy of one of the partners, etc.). What's indisputable is that the overseas partners have committed to purchasing $3.9 million worth of the VitaCig product line over the next 3 years.