Replies to post #110598 on Bots Inc (BTZI)

[lesgetrich]

Their next 10-Q financial report for 3FQ22 ending 1/31/2022 is due on March 14,2022.

From the most recent Obitx 10-Q...

OBTX 3FQ22 10-Q

On April 29, 2020, the Company converted 5,000,000 shares of common stock owned by BOTS, Inc., into 500,000 shares of Series B Preferred stock. BOTS is restricted from converting the Series B Preferred stock into common stock for a period of 24 months from the conversion. There was no gain or loss on conversion due to conversion terms. During the quarter ending July 31, 2021, BOTS returned to the treasury of the Company 250,000 shares of Series B Preferred stock in exchange for certain assets held by the Company (see Note 15). In addition, BOTS exchanged 125,000 shares of Series B Preferred stock with Epic Industry Corp and Paul Rosenberg in exchange for 50 million shares of BOTS stock held by Epic Industry Corp and Paul Rosenberg, for a total of 100 million BOTS common shares.

The fact that the Preferred shares can be converted into common shares does not mean that they will be converted. Moreover, Bots could just as easily sell the preferred shares to a qualified investor without converting them if they chose to do so.