Exhibit 13.9
Testing the waters information for the published interview with Mr. Alexander Aginsky at the Crypto Invest Summit
Explanatory Note
The transcript that follows is provided for a video that was posted without the consent of Building Bits Properties I, LLC. While the management of the company participated in the filming of the video, they acted under the belief that they would have an opportunity to review the video before it was posted to YouTube to ensure that appropriate legends were included as required by Rule 255 of Regulation A and that inadequate statements would be correctly qualified. However, the video was posted without the knowledge of the company. When the company became aware of the video on May 30, 2018, the company added a comment to the video to include the Rule 255 testing the waters legend and attempted to contact the content owner to have the video taken down or corrected. As of August 12, 2018, the company was able to make contact with the content owner, who removed the video.
Were the video posted with consent of the company, the following legend and corrections included here before the transcript would have been included with the video.
SEC Legend and Disclaimer
The following video is being made available pursuant to Rule 255 under Regulation A under the Securities Act of 1933. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified, and any such offer may be withdrawn or revoked without obligation of any kind, at any time before notice of its acceptance given after the qualification date. Any person’s indication of interest involves no obligation or commitment of any kind.
A copy of our most recent preliminary offering circular may be found through the EDGAR filing system of the Securities and Exchange Commission at the URL provided in the comment by Building Bits below this video.
The video may contain forward-looking statements and information relating to, among other thing, the company, its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the company’s management. When used in the video, the words “estimate”, “project”, “believe”, “anticipate”, “intend”, “expect” and similar expressions are intended to identify forward-looking statements, which constitute forward-looking statements. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
Corrections to Inaccurate or Inadequate Statements
The company would like to elaborate on certain statements that are made in the video for which the allotted interview time did not allow for complete disclosure.
| 1) | Rather than owning properties directly, investors purchasing the company’s Common Bits would acquire interests creating ownership of the economic rights of a wholly-owned subsidiary that holds title to a specific property. Investors still get to choose the property to which their investment is linked. |
| 2) | The company’s current plans are to make distributions on a quarterly basis out of the available cash of the company. The company has the authority to increase the frequency of these distributions to a monthly basis. Available cash is determined by the revenues received by the respective property, minus all expenses and fees and amounts saved for contingencies. |
Building Bits Comment
The above video is being made available pursuant to Rule 255 under Regulation A under the Securities Act of 1933. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified, and any such offer may be withdrawn or revoked without obligation of any kind, at any time before notice of its acceptance given after the qualification date. Any person’s indication of interest involves no obligation or commitment of any kind.
A copy of our most recent preliminary offering circular may be found through the EDGAR filing system of the Securities and Exchange Commission athttps://www.sec.gov/Archives/edgar/data/1709981/000114420418039119/tv498846_partiiandiii.htm.
Transcript
| [Music] 00:06 welcome to blockchain Global News I'm 00:08 Greg Greenberg reporting from the crypto 00:10 invest summit in Los Angeles my guest is 00:12 Alexander against key he's from building 00:15 bits welcome Alexander thank you all 00:17 right so tell me all that building bits 00:18 now yet plan to change the real-estate 00:20 world through the use of the blockchain 00:22 so we are the first of its kind company 00:26 that's allowing individual investors to 00:27 be able to purchase a piece of any 00:30 building available in our platform 00:32 ultimately all buildings in the US will 00:35 hopefully be listed on our platform that 00:37 investor can invest as little as $1,000 | 00:39 and ultimately own a specific piece of a 00:41 unique individual building and start to 00:44 reap all the benefits of real estate 00:45 ownership from day one 00:46 now why invest in building bits to get 00:50 into the real estate sector as opposed 00:52 to spying a REIT on a stock exchange 00:53 that's a great question so when you're 00:55 buying a REIT you're buying into a pool 00:57 of assets you own a share and hundreds 01:01 are potentially thousands of different 01:02 buildings it's akin to buying a piece of 01:05 a mutual fund or an ETF but in the 01:09 equities markets you can invest 01:10 specifically into shares of Google or 01:12 |
| Apple or Microsoft or whatever other 01:14 company you want to invest into you 01:16 couldn't do that until now until 01:17 building bits became available you 01:20 couldn't invest into a specific building 01:22 that's the difference so where are your 01:24 buildings talk about your properties how 01:25 do you choose them so the properties are 01:28 going to be all over the US right now 01:29 we're going to be launching in about a 01:30 month with half a dozen properties and 01:33 all the markets from East Coast to West 01:34 Coast Pennsylvania Oregon California 01:37 Texas etc and we have a very rigorous 01:40 vetting process to allow the property 01:43 owner to list their offering on our on 01:45 | our on our platform people still get 01:47 dividends I mean because that's one of 01:48 the primary reasons people invest 01:50 mobility exactly they get dividends 01:51 monthly 01:52 okay so have you been getting a lot of 01:55 traction here at the crypto invest 01:57 summit talk about your experience it's 01:59 been very positive we've talked to a lot 02:00 of investors a lot of other companies 02:02 everybody in the space is very excited 02:04 about what we're doing it but excited 02:05 about the the conference and then 02:07 blockchain overall but certainly 02:09 companies like ours that are creating 02:11 some innovative solutions 02:13 |
