Replies to post #82723 on Bots Inc (BTZI)

[Perfectson]

the reversal should hit against operating expense, which is where they were originally booked.

no way could they have put it in revenues that would be a stretch even for Mike.

1.3m is solid, it's whether they are assuming revenue from contruction contracts that haven't been paid for. Also if this another revenue for services scam , which makes sense since most of the margin came from the stock based comp. To sell 1.3mm in revenue and only end up with $100k is pretty abysmal.

[Master-of-Disaster]

This PR is meant to get the PPS up to .80 to fulfill Wolf's Fibonacci tweet so he can sell the last 2 millions shares he has and the wolf pack can exit. Then earnings will come out and the the dump.

Which of course he is tweeting that MCIG crushed the numbers.

[lesgetrich]

So, does the 1.3mm in revenue include the 700k income from the settlement referenced? If not, congrats. If the answer to my question above is, no the revenue number does not reflect the settlement, then I say hats off to a good Q.

No it does not. The $1.3 million is actual revenue from operations. The $118,000 adjusted net income reflects the actual profit from those operations. They also booked another roughly $780k in profit from one time non operational adjustments to a settlement and previously booked salaries. This brings their total net income, as they're required to report according to GAAP, to $898k. They're being transparent by giving us both numbers.