Everything Blockchain Inc (EBZT)

[lesgetrich]

but look at the balance sheet and ask where the service revenue is (no receivable has been carried) ask where the carrying amount of hex appreciation is which the company themselves has said was significant and has gone up at least 100x in the past year.

1 + 1 = 2

Don’t be fooled by prs anecdotes and opinions , it’s all on the balance sheet

It's not all on the Balance Sheet. You have to look at both the Balance Sheet and Income Statement as well as the 10-Q.

1.) The Income Statement shows that they invoiced $1,081,000 in services during the quarter. The Income Statement shows the dollar value of HEX that was invoiced.

2.) From their PR we know this invoice was paid in HEX (which means there was no receivables for this invoice at the end of the quarter - i.e. It was paid - duh). The Balance Sheet shows the amount of cash and Current Cryptocurrencies, Net on 4/30/2021, the end of the quarter as $2,076,000

3) The 10-Q shows the value of the Crypto assets they owned on 4/30/21...



...Note that they owned $1,305,000 worth of Hex on that day. This means that unless they sold or traded some of their Hex during the quarter or they owned some Hex prior to the quarter, their Hex investment grew by at least roughly $101,000 ($1,305,000 - $1,081,000 - $125,000)from the time they received the invoice payment.

4.) It looks like they purchased BTC, ETH and GUSD during the quarter. We'd have to research the 10-Q some more to see if the cost was listed if we want to get a handle on the growth in these crypto assets. However we can see that they weren't listed in the previous quarter. It's possible, even likely, that they traded some of their HEX to diversify their holdings.