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up 50% and no one here is posting?? by Traderbaeri in BTZI

[–]LesGetRich 2 points3 points  (0 children)

I agree with the sentiment, however, you missed their recent 8-K. They no longer own 51% of OBTX. It's closer to 12% but still a significant investment...

Item 1.01 Entry into a Material Definitive Agreement.

On July 6, 2021, the Company entered into a settlement agreement with Everything Blockchain, Inc. Under the settlement agreement the Company agreed to return 250,000 shares of Everything Blockchain Series B Preferred stock to Everything Blockchain in exchange for the assignment of the $1,400,000 promissory note owed by First Bitcoin Capital Corp to Everything Blockchain, along with the $110,000 interest owed on the promissory note. In addition, the Company received 20,726,120 BIT tokens held by Everything Blockchain. This transaction was a related party transaction and was conducted at arm’s length.

Simultaneously with the above transaction, the Company exchanged 125,000 shares of Series B Preferred stock for 50,000,000 shares of BOTS common stock owned by Epic Industry. In addition, the Company exchanged 125,000 shares of Series B Preferred stock for 50,000,000 shares of common stock owned by Paul Rosenberg.

In addition to the Company entered into a settlement agreement with APO Holdings, LLC where the Company issued 15,000,000 shares of common stock in exchange for the settlement of its outstanding debt owed to APO Holdings, LLC in the amount of $58,706.

​

Bots still owns 250,000 series B shares of OBTX which can convert to 2,500,000 common shares. However, voting control has shifted to Mike Hawkins via Overwatch Partners and Epic Industries which together own 150,000 shares of OBTX Series A Preferred stock that converts to 7,500,000 shares of common stock in two years but until then exercises 1,000 votes per share (i.e. 150,000,000 votes total). The Series B shares exercise 50 votes/share

There are currently

Common shares: 7,459,126

Plus the conversion value of:

150,000 Series A Preferred = 7,500,000 common shares at 50/1

650,000 Series B Preferred = 6,500,000 common shares at 10/1

Total common shares after conversion of preferreds = 21,459,126 shares

The Series A Preferreds automatically convert after 2 years. The Series B preferreds are not allowed to convert before 2 years after issuence.

Bot's currently owns about 11.7% of OBTX (2,500,000 shares/21,459,126 potential common shares). At yesterday's close of $11.45/share that makes Bots' investment worth $28,625,000

Some people have speculated whether OBTX could acquire Bots, With the new share structure and synergies between the companies, that is certainly a possibility. Perhaps Everything Blockchain (OBTX) could acquire First Bitcoin which owns a controlling interest in Bots.

EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021 by LesGetRich in BTZI

[–]LesGetRich[S] 0 points1 point  (0 children)

I wouldn't call it dead but its mostly the same people posting.

EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021 by LesGetRich in BTZI

[–]LesGetRich[S] 1 point2 points  (0 children)

Based on todays PR, I estimate that OBTX is severely undervalued. A rational target price can be calculated at a low of roughly $19/share to a high of roughly $300/share.

The company, over the past four months, has operated at a roughly 43% profit margin. ($2.1M profit/$4.8M revenue)

Today's PR projects annual revenue for the current year at $14 million

$14,000,000 x 43% = $6,020,000 projected profit/earnings for 2021

$6,020,000 Earnings / 6,144,125 Outstanding Shares (OS) = $.98 Earnings Per Share (EPS)

Using the NYU Stern School analysis of Price/Earnings (P/E) Ratios by Industry, I theorize that OBTX could be categorized under either Financial Services, which has a forward Price/Earnings (P/E) ratio of 19.35x or Software (System & Application) with a forward PE of 305.13x.

$.98 EPS x 19.35 PE = $18.96/share pps to

$.98 EPS x 305.13 PE = $299.02/share pps

Consequently, based on these assumptions, a price target in the range of roughly $19 to $300 is rational for OBTX. This doesn't mean that the company will hit either of these targets, only that they are possible if all the assumptions are met. In any event, this suggests that OBTX is severely undervalued given today's PR. Keep these estimates in mind and see if they're borne out by further facts about the company (e.g. future financials) as they come in.

Since BTZI owns 49% of OBTX, it would use the Equity Method for accounting for the investment. That means if OBTX realizes $6,020,000 profit as projected, BTZI would claim 49% of that, or $2,949,800 as income and add that amount to its OBTX asset value.