Replies to post #88174 on Bots Inc (BTZI)

[lesgetrich]

Also, 1.6 mill was a net income number not profit number so you can't really use it to reverse engineer to Revenues when provided a profit margin.

LOL From Investopedia...

What is 'Net Income - NI'

Net income (NI) is a company's total earnings (or profit); net income is calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. This number appears on a company's income statement and is an important measure of how profitable the company is over a period of time.

In hindsight, the $1.6 million net income turned out to include $1,081,173 in one time profit from the sale of the VitaCig product line back to mCig for the return of 172,500,000 shares of VTCQ/OMHE stock. This was unexpected, but accurate according to GAAP accounting, since mCig had previously only claimed the purchase price of the Vitacig product line on its financials as $68,123.

Now that we've seen the financials and the large one time gain from the VitaCig sale, it's apparent that $1.6 million can't be projected across 4 quarters. That wasn't the case when I wrote that piece.

Based on what we know via subsequent financials and management sales projections, OMHE is still undervalued and should be trading at a minimum of $.05/share (or $.13/share once the OS restructuring is completed).