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I think his point is your have a really bad habit that follows you like when you step in fresh dog poo.
It's like before going to AA, you already know there is a big problem, Admitting there is a big problem is another story.
There's a new PR...
EBI Partners with Al-Rushaid Technologies to Broaden International Reach
LMAO What's your point bringing up an 8 year old article that has nothing to do with EBZT? That the dividend I received with every other shareholder was some kind of payoff for me to write a positive article? It's 2023 not 2015 and this board is about Everything Blockchain, Inc. not mCig.
So your promoting on your own behalf. Either way, you are pumping and have a horrible track record
Like any other user of this board, I have been positive about stocks that I've invested in. I have never agreed to write positive information about a company in exchange for compensation.
So you admit to promoting stocks. Noted.
You have absolutely zero evidence that anyone participated in a scam. The lawsuit came from a disgruntled employee who was fired for incompetence and misrepresentation, which cost the company millions in lost revenue.
Bots/mCig post # 94191
Bots/mCig post # 94307
Moreover, I haven't promoted any stock in the past several years. What I have done is debunked several of your baseless claims.
I wouldn't. Can't revenge the guys name but he was the accountant for mcig and managed the business and turned out to be a scammer. There was even a lawsuit buy one of their contractors claiming security fraud which was settled out of court. And stock lesgetrich promotes, you want to stay away from.
ObitX Inc. changed to, OBTX, changed to Everything Blockchain Inc., EBZT:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
There was a new PR today. It explains today's spike in the pps ...
Everything Blockchain Enters Multi Million Dollar Partnership with SP Capital Management to Develop World Medical Platform
There was a new PR this week. From 8/18/2021...
Everything Blockchain Continues to Expand Its Intellectual Property Portfolio
OBTX has a new PR out today...
Everything Blockchain Launches Channel Program
Compared to other similar companies, OBTX is extremely undervalued. This is due to its very low number of Outstanding Shares (OS). As of 4/26/2022, Everything Blockchain's OS was 8,604,038 shares. Yesterday's announcement claimed that the company recorded net income of $2.3 million for fiscal year 2022 (ending 4/30/2022).
A quick look at the Stern School's analysis of Price/Earnings (PE) Ratios...
Stern School PE Ratio's by Industry
...shows that companies engaged in Software (System & Application) development, on average, had a PE Ratio of 107.62 time Earnings Per Share (EPS), a Trailing PE Ratio of 130.77x and a forward PE ratio of 104.56x. Projecting this analysis onto Everything Blockchain, we get the following...
$2,300,000 Net Income / 8,604,038 OS = $.267 EPS
$.267 EPS x 107.62 = $28.73/share pps
$.267 EPS x 130.77 = $34.92/share pps
$.267 EPS x 104.56 = $27.92/share pps
Consequently, a price target of anywhere from $27.92/share to $34.92/share would not be unreasonable if you believe the company's growth and profit margins are sustainable. I am not predicting that the company will reach this range any time soon, only that there's a very high probability of price appreciation as the current pps does not properly represent the company's potential.
Earnings report out today...
Everything Blockchain, Inc. Reports Annual Earnings with Surging Business Performance Indicators
FOLLOW all my post from Day 1 this goes way back honey! way way back! From California to Golden Colorado recruit & dilute baby~ !
What did this company claim to do? Any proof of concept? Looks like a typical Paul Rosenberg scam knockoff to me.
LOLZ-LETS GET RICH LES!
What a scam. Total garbage company.
LETS GET RICH! KNOS-BITCF-BTZI Onward & upward we RISE y'all!!!!
Check Cashing LOI Kronos? Link Did we close? https://news.knowledia.com/CA/en/search?query=Kronos%20Advanced%20Technologies%20Inc
Yes.
Add on that they are supporting and sacrificing to pulse , which has been pushed out a few months later than anticipated . They are going to show a decline in crypto related revenue imo
Based on how crypto is currently doing, revenue will likely crash if I'm following.
again majority of the revenue came from Crytpo Currency and not consulting/services
so my statements were 100% accurate.
Originally, in 1Q21, they received $1,081,000 in Services Revenue which was probably paid in HEX. Thru 3FQ22 (as of October 31, 2021) they've received an additional $880,000 in services revenue, $706,000 of which was paid in 3FQ22.
Consequently, it appears that thru nine months they've collected roughly $2 million for services and gained another $4.7 million from crypto appreciation and $4.7 million from cryptocurrency sales.
That wasn’t the disagreement - my statements were appreciation and sales/gains.
Your statements depicted most of the revenue was from their consulting business , which is now proven inaccurate by their own statements .
This is statement is 100% wrong , period. And subsequent statements are not based in fact either. We definitely need more educated statements , which I will happily provide as I do understand the accounting, finance, and business they operate in .
Their Revenue sources are outlined in the last financials as follows...
Yes, they appear to be counting the appreciation of their cryptocurrency assets (primarily HEX tokens) as "Other Revenue - Fair Value adjustment to Cryptocurrency", but the appreciation was only roughly $2 million out of roughly $5 million in revenue. Our disagreement several months ago was whether or not all of their revenue came from crypto appreciation, which it did not and still doesn't.
Their accounting in the financials is not entirely clear and it's hard to tell how much new cryptocurrency was received during the quarter and how much was sold. In other words, the dollar value is higher but we don't know, for example, if they have more or fewer Hex coins. I suspect this is a deficiency in GAAP accounting when working with crypto companies. Another issue is that we know they received subscription and services revenue, but how much of the appreciation or depreciation was on top of new revenue received.
I was hoping for a response to this one
again - my point was proven in the latest filing
$5m was due to the appreciation of crypto ,it's right there in black and white and by the company.
According to your interpretation, it goes against everything already written by the company. In other words, the interpretation that you presented conflicts to what the company has stated.
No reason to continue this debate, it's been settled by the company.
Think about what you're claiming. According to your interpretation, in early June when they had less than $5 million in revenue which you claim came almost entirely from Crypto appreciation, they were able to accurately predict that the crypto appreciation would continue so that they would realize $14 million in crypto appreciation revenue by the end of the year. How does that make sense without a replenishable source of additional crypto coins and/or revenue?
In addition - latest filing shows all the dilution being pushed through this company. Btzi and principals are using them as a bank . Btzi handed them over their promissory note to pay meanwhile Hawkins and others are cashing in on warrants that will dilute this company. Which is only be held up due to the hex investment which has been dropping as hex also has seen a 70% haircut
Hopefully they moved their investment in hex out completely
hi - with the latest filing are your ready to admit that they were indeed counting crypto appreciation as revenue?
It's a bit hard to dispute, because they actually broke it out this time and it shows $4.7m of the revenue is due to "Fair value adjustment to cryptocurrency"
just to remind you of what you said:
I read the filing and stated facts.
I also went back and read some of your previous postings and it looks like I was on the right side of the argument and have been proved right by the companies own filing.
with HEX pumping again and the new PULSE coin launching, things are looking up for the company; however, they need to start generating operating cash flows from their main businesses
oh so most of the revenue is generated by holding crypto assets
interesting
who was the person who said this was the case months ago?
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