Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here's the link to the 10-Q:
OBTX 10/31/2021 10-Q
There might be some news coming soon based on their 10/27/21 PR...
Everything Blockchain, Inc. Announces Agreement to Develop FinTech Platform Utilizing Its Patented QueryChain Blockchain
There's a new PR out today...
Everything Blockchain, Inc. Announces Agreement to Develop FinTech Platform Utilizing Its Patented QueryChain Blockchain
There's a new PR out today. Not yet available on all platforms...
Everything Blockchain, Inc. Announces Release of Zero Trust Data Access Platform in Fourth Quarter Giving Control of Data Back to Users
OBTX opened at $3.10 on June 7, the day of the PR mentioned in the your post. OBTX reached a high of $19.90 on July 26. On June 7 I predicted that a price range of roughly $19 to $300/share was rational based on their revenue projections.
OBTX is currently trading at $8.95. Their current annual Earnings Per Share is $.61/share, however, the financials didn't include complete quarterly financial result from their two most recent acquisitions. My predictions were based on an EPS of $.98/share over a full year of operations of all their new operating units.
Did we miss the price target in the range of roughly $19 to $300 is rational for BTZI?
I mean it is October and all? Or is this yet another loft prediction that will not come to pass?
There's a new PR that came out yesterday...
Everything Blockchain, Inc. Expands Board with Appointment of Two Independent Directors in Preparation for Up Listing to Senior Exchange
The 2FQ22 10-Q is now available...
Everything Blockchain 2FQ22 Financials
Diluted Income per share = $.28/share
Net Income = $2,542,000
Total Revenue = $5,434,000
Diluted Shares Outstanding = 8,948,026
Total Assets = $17,037,000
$OBTX Everything Blockchain, Inc., Subsidiary, Mercury, Inc., Signs Exclusive Agreement with Sabaton for USA Tour Beginning September 9, 2021
Press Release | 09/08/2021
Fleming Island, Florida, Sept. 08, 2021 (GLOBE NEWSWIRE) -- EVERYTHING BLOCKCHAIN, INC. (OTC Markets: OBTX) today announces its subsidiary, Mercury, Inc., has entered into an exclusive license agreement with the band Sabaton to sell its merchandise during their 2021 USA Tour beginning September 9, 2021 in Reading, Pennsylvania and concluding October 31, 2021 in Lowell, Massachusetts. Sabaton will perform 34 concerts in 26 states during their 2021 USA Tour with sold out crowds in some of the largest music venues in America. The Company will provide all the training of venue staff and Sabaton personnel on the utilization and security protocols for our payment system. Under terms of the license agreement, the Company shall recognize all revenue from sales generated during the concerts and from online customers through the end of the calendar year.
Sabaton was formed as a Swedish metals band nearly two decades ago and has carved out a reputation as one of the hardest working bands in the business, gaining a legion of loyal fans across the globe, delivering eight highly-rated studio albums (including two certified platinum sellers) and scoring multiple industry award wins and nominations. Fans know them as Sabaton – the heavy metal band that sings of real life wars and the people who played a part in them- of gruelling campaigns and dazzling acts of bravery, of magnificent victories, and touching personal strugglies, true stories more fantastic than any fiction.
Chris Carter, Mercury Inc.’s Chief Executive Officer stated, “Sabaton rocks! We have established unique protocols and processes to ensure risks associated with venue sales are completed at a reduced risk. These same processes may be utilized on many platforms, such as festivals, concerts, conventions, and other gatherings in mass numbers. We will continue to seek out additional clients with this need. We thank Sabaton for entrusting us with this important element of their US Tour and look forward to working with them in the future. I personally will be attending the Judas Priest presents Warlando Metal Fest on September 11, 2021 in Orlando, Florida where Sabaton will be a headliner.”
To obtain a Tour schedule and purchase tickets for the concerts, visit https://www.sabaton.net/tour/.
This information will be available on our website and all our social media feeds.
Follow us on: Facebook (www.facebook.com/everythingblockchain1)
Twitter(www.twitter.com/EverythingBloc4)
LinkedIn (www.linkedin.com/company/everythingblockchain)
About Everything Blockchain:
Headquartered in Fleming Island, Florida, Everything Blockchain, Inc., (OTCMKTS: OBTX) is a platform developer and software foundry with advanced development, architecture, and software designers of Blockchain specializing in blockchain technologies, decentralized processing, and zero trust data applications.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain and cryptocurrency products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Eric Jaffe, CEO
info@everythingblockchain.io
www.everythingblockchain.io
Investor Relations Contact:
RedChip Companies Inc.
Dave Gentry
Tel: 1-800-RED-CHIP (733-2447 or 407-491-4498)
dave@redchip.com
Too low to bail! Hope OBTX doesn't join forces in pennyland!
OOPS... make that 6.59 x 7.75
This is September. Not a lot of excitement here. And OBTX oviously needs some help. 9.00 x 9.89
$OBTX Everything Blockchain to Host Investor Conference Call on August 16 to Discuss its Second Quarter 2021 Financial and Operational Highlights and Other Recent Developments
Press Release | 08/12/2021
Fleming Island, Florida, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Everything Blockchain (OTC: OBTX), an advanced software architecture, development and services company specializing in blockchain technologies and decentralized processing, today announced that it will host a conference call on Monday, August 16, 2021 at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time to discuss financial and operating results for the second quarter ended June 30, 2021.
“We are excited to discuss our strong second quarter and year-to-date performance which places well on track to achieve our projection of $18 million in revenue for the full year,” commented Eric Jaffe, Everything Blockchain's Chief Executive Officer. “We also look forward to sharing further insight into current operations, as well as our plans for both short- and long-term growth, including the latest updates on the launch of PulseChain and the four acquisitions we completed in recent months.”
Call Details:
Date: Monday, August 16, 2021
Time: 12:00 p.m. Eastern Time
Live Call: +1- 877-407-9208 (U.S. Toll-Free) or +1- 201-493-6784 (International)
Conf. ID: 13722057
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until August 30, 2021 and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13722057.
About Everything Blockchain
Headquartered in Fleming Island, Florida, Everything Blockchain, Inc., (OTC: OBTX) is an advanced development, architecture, and software designer of Blockchain that also provides consulting and services specializing in blockchain technologies and decentralized processing.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of Blockchain products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are sensible, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate.
Company Contact:
Eric Jaffe
Chief Executive Officer
Everything Blockchain
info@everythingblockchain.io
Investor Relations Contact:
Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
Dave@redchip.com
Primary Logo
The answer is no, I do not know how many pulse I’m receiving 100%
What you’re alluding to is accurate tho. If I sacrificed $5m, I should $5m worth of pulse coins. But what I’m saying is regardless if this the expectation is that pulse willl be worth $0 by design . It has no value and there is not expectation of gain or loss and market will determine value . This could easily open and be worth .000000001 and that’s what it will go for .
100% that I don’t believe they will account for pulse for another 2 qtr (now next qtr)
My debate is that I doubt the revenue has to do with development but would like to see statement to confirm
When you made your "sacrifice" were you promised a certain number of Pulse tokens for that? If so, wouldn't that establish a value? What was the method/formula for determining how many tokens you would get?
In any event, I believe that it's unlikely the $5 million in second quarter revenue came from Pulse tokens. I think both of us overlooked a PR they issued back on June 7...
EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021
Well they know how much they sacrificed , what they don’t know is how much that will be worth.
Definitely maintain they are doing some accounting tricks but we will see when the full statement is release
I concede. You win on this one. I don't think they're getting a $5 million payment in Pulse tokens, but that still doesn't prove that the $5 million in new revenue came from crypto appreciation (or that it wasn't in payment for a Pulse or Pulse related project). They claimed to have received $5,375,000 in revenue in the three months ended July 31. Think about it. What crypto currency/token has gone up in value since April 30?
Oh no no no, nothing in the PRs states they are developing or were involved in developing pulse.
If they were it would have specifically stated that. They are investors or participants in the sacrifice phase to receive pulse…they have been very clear and used specific wording because they are highly unlikely the developers of pulse. They may be whales which gives them access to higher rewards but that’s it.
Nothing in your quotes is confusing or demonstrates they developed anything with regardless to pulse . Although it sounds like they may develop something to make their wallet transparent , that has nothing to do with the token itself
You don’t understand what’s going on. And instead of asking or researching you rather argue with someone who actually knows exactly what’s happening.
I actually sacrificed coins to pulse, I guarantee you , no one has received coins yet and I can tell you that when we do Receive then they will have no value until the market opens. That’s the whole point of a sacrifice , we expect nothing in return . The price could stay at $0
If you can prove me wrong, go on any exchange and find a price for pulse today
Also you’re assuming they had anything to do with Pulse
Show me specifically where they stated this.
I don’t think you actually know how any of this works and is why you making assumptions that aren’t accurate. Every PR I read made it seem OBTX through Overwatch were INVESTORS in pulse and not developers
Pulse isn’t even released yet
And when it is released it will be worth $0
There’s no current price or market lol. How do I get $5m in an unreleased coin that is worth $0
If you are trying to claim that the roughly $5 million increase in revenue proves that they're counting crypto appreciation as revenue you're wrong. Their services contract may well have included a final payment in Pulse coins once everything was completed. That wouldn't be appreciation but simply a completion bonus which incentivizes them to become validators. From their 7/28/21 PR...
Everything Blockchain Releases PulseChain Update from its Major Shareholder – Overwatch Partners, Inc.
$OBTX EVERYTHING BLOCKCHAIN, INC. REPORTS SECOND QUARTER EARNINGS OF $0.46 PER SHARE AND YEAR TO DATE EARNINGS OF $0.61 PER SHARE
Press Release | 08/09/2021
Fleming Island, Florida, Aug. 09, 2021 (GLOBE NEWSWIRE) --
Revenue grew by $5.4 Million from the Quarter Ended July 31, 2020, as compared to the Quarter Ended Jul 31, 2021, and grew by $6.6 Million from the six months ended July 31, 2020 as compared to the six months ended Jul 31, 2021.
Net profit for the quarter ended July 31, 2021, was $2.9 Million and the net profit for the six months ended July 31, 2021, was $3.5 Million.
Fleming Island, FL – August 9, 2021 – Everything Blockchain, Inc., (OTC Markets: OBTX) an advanced software architecture, development, and services company specializing in blockchain technologies and decentralized processing, today reported GAAP earnings per share from continuing operations of $0.46 for the second fiscal quarter ended July 31, 2021, compared with ($0.18) loss in the second fiscal quarter ended July 31, 2020. In addition, Everything Blockchain reported GAAP earnings per share from continuing operations of $0.61 for the six months ended July 31, 2021, compared with ($6.31) loss in the six months ended July 31, 2020.
Eric Jaffe, Everything Blockchain’s Chief Executive Officer, stated, “The numbers for the second quarter and year to date are in line with our annual projection of $18 million in revenue. Our series of four acquisitions throughout the second quarter only contributed $150K in revenue over approximately 20 days of accounting. We expect a sharp increase in our numbers when we have a full quarter of revenue reported from these acquisitions.” Mr. Jaffe added, “With the launch of PulseChain and the distribution of PULS tokens during this upcoming quarter, we will see further growth in revenue.”
Michael Hawkins, Everything Blockchain’s Chief Financial Officer, stated, “With the recent explosion and subsequent pullback in the cryptocurrency markets, we are well positioned in our projects as we typically have an original stake in the endeavors we pursue. This allows us to see growth regardless of the volatile and sometimes violent variations in the blockchain markets.”
Our financials for the second quarter ended July 31, 2021, are as follows. The numbers are presented in thousands (000), except for earnings per share and weighted average shares:
For the three months ended
July 31,
2021 2020
Gross revenue and other revenue $ 5,375 $ -
Total cost of revenue and operating expenses 2,458 1,076
Net profit (loss) $ 2,917 $ (1,076)
Income(Loss) per share from continuing operations $ 0.46 $ (0.18)
Weighted average shares outstanding - basic 6,297,808 5,881,902
Our financials for the six months ended July 31, 2021, are as follows. The numbers are presented in thousands (000), except for earnings per share and weighted average shares:
For the six months ended
July 31,
2021 2020
Gross revenue and other revenue $ 6,872 $ -
Total cost of revenue, operating expenses, and other expenses 3,194 49,295
Net profit (loss) $ 3,678 $ (49,295)
Income(Loss) per share from continuing operations $ 0.61 $ (6.13)
Weighted average shares outstanding - basic 6,034,898 7,806,248
About Everything Blockchain:
Headquartered in Fleming Island, Florida, Everything Blockchain, Inc., (OTCMKTS: OBTX) is a advanced development, architecture, and software designer of Blockchain that also provides consulting and services specializing in blockchain technologies and decentralized processing.
Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain and cryptocurrency products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Eric Jaffe, CEO
info@everythingblockchain.io
www.everythingblockchain.io
Investor Relations Contact:
RedChip Companies Inc.
Dave Gentry
Tel: 1-800-RED-CHIP (733-2447) or 407-491-4498
dave@redchip.com
This PR just proved everything you stated wrong for the past month.
Can’t wait to dig more into the financial.
They will be showing PULSE sacrifice as revenue, which is clear in the statement. The latest acquisitions were minimal and will be interesting if there’s any development revenue specifically called out
You literally quoted the fmv and cost basis treatment they are using from the 10Q
Take the L man
Lol it doesn’t require a separate line item .
You’re not correct about this.
In fact companies aren’t required to separate the P&L items for the most part if they don’t want to, especially smaller companies
Lol- I’m sure they did. BecAuse small companies never lie or openly overstate future revenues
Exactly, it could also be five times current earnings for all we know. I'm sure the company did its due diligence in coming up with the price.
$45 million in revenue in 3 years..
Could be $1 million, $4 million, $40 million.
Lol - most companies have a positive revenue multiples (at least 1x)
In fact you’ve used revenue multiples in the past as well.
So this is valued at .3x revenues
Exactly cost principle these are FMV asset as per your own admission and per the 10q.
You’ve taken the prior link way out of context and are choosing to ignore its 1st booked on IS. All entries are closed to equity at the end of the year.
Again a very simple explanation again specific to fmv
https://bizfluent.com/how-11369163-record-changes-fair-value-income-statement.html
LOL Did you even read the link you posted...
you're right, you're not a CPA. everything you stated about cash coming to the IS is 100% incorrect along with appreciation of an asset not going on the p&l. Here's a 101 accounting lesson for non-CPAs that make this very clear
http://www.accounting-basics-for-students.com/asset-appreciation-journal-entry-example.html
fx valuation differences going on the income statement, typically it's below EBITDA - what I've continued to say is there's nothing showing this increase in crypto except revenue and that's exactly where it's at. at this point, you can have the last word. Until I see proof that they have a $1m contract to build something on HEX, I'm going to assume I'm right based on everything that has posted.
You're right for once, I missed the warrants. As I said in my post, it wasn't ment to give a firm target price, only a rational range of potential targets based on the assumptions/estimates laid out in their PR's and financials. If it makes you feel better, here are the revised estimates with the warrants included.
According to the last 10-Q, as of April 30, 2021 there were 3,675,000 warrant shares outstanding. Making the appropriate adjustments to my OBTX post # 529...
I used the the common shares last reported on July 2, 2021 of 7,459,126 shares. There were subsequent Form 4-K's listing sales of shares to Hawkins on July 19 and 23. I added up the total potential common shares and they came to 5,200,000 once fully diluted. However, I'm not entirely certain that these weren't included on the 10-Q and just not yet reported. In any event, if we add these shares to the total fully diluted shares we get...
21,459,126 shares + 5,200,000 shares = 26,659,126 shares
If we then add outstanding warrants as of April 30, 2021 we get
26,659,126 shares + 3,675,000 = 30,334,126 fully diluted shares
...Re-doing the calculations with these new share numbers we get...
$81,645,000 Earnings / 30,334,126 Outstanding Shares (OS) = $2.69
Earnings Per Share (EPS)
...The previous estimate was $3.06 /share but was based largely on splitting the OBTX PR estimate of $50 to $100 million earnings from PulseChain and using $75 million. Consequently, the accuracy of the range will be more dependent on the accuracy of the earnings estimate than the relatively small difference in the diluted share count. Nevertheless, here's what we get with the new numbers, again using the
Stern School of Business PE ratio's as in my post # 525...
$2.69 EPS x 19.35 = $52.05/share pps to
$2.69 EPS x 305.13 = $820.80/share pps
Using Stern's average PE ratio across all industries of 93.39x we get...
$2.69 EPS x 93.39 = $251.22
Consequently, based on these assumptions, a price target in the range of roughly $52 to $820 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. Even with the new values. Everything BlockChain is still severely undervalued.
Also weird that they expect $45m in revenue over 3 years but were acquired for only $5m
Make that make sense . I know there’s several situations why and how that May Happen but none of them good
Lol - I really wish they would discuss what the actual product they are building or the suite of solutions .
If I missed a PR explaining this let me know but so far there’s a lot of jargon, buzz words , and small company acquisitions that I never heard of in the space
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
645
|
Created
|
03/13/20
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |