Replies to post #108122 on Bots Inc (BTZI)

[StihlsawsRule]

Bleeding out like the total scam it is.

[tobias89]

Thanks for the warm welcome!

[lesgetrich]

You indicated recently that you thought the purchase order PR from Bots regarding the purchase of 1,000 state of the art mining rigs for $4,000,000 was just planned and that they would be able to cancel the order. I argued that the purchase order triggers a sale and build order at the manufacturer. I wanted to say it would require a deposit but didn't have anything in the PR to back it up. Here are details of a similar PO issued by Marathon Patent Group from their 8-K on 12/23/2020...

Marathon Patent Group 8-K

On December 23, 2020, Marathon Patent Group (the “Company”) executed a contract with Bitmain to purchase an additional 70,000 next generation Antminer S-19 ASIC Miners, with 7,000 units to be delivered in July 2021, and the remaining 63,000 units to be delivered in December 2021. The purchase price is $167,763,451.93. The purchase price for the miners shall be paid as follows: 20% within 48 hours of signing of contract; 30% on or before March 1, 2021; 4.75% on June 15, 2021; 1.76% on July 15, 2021; 4.58% on August 15, 2021; 10.19% on September 15, 2021; 17.63% on October 15, 2021 and 11.55% on November 15, 2021.

If Bot's PO had similar terms, they would have been required to produce a down payment of $800,000 within 48 hours. It's unlikely they would leave $800,000 on the table if they weren't planning on following through.