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There's a new PR out today...
Bots Announces the First Scrypt Dogecoin Miners Shipped to Airdoge™ Air Purifier Owners
There's a new PR out today...
BOTS Issues Update on its Cybersecurity Products
That PR is from a year ago.
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
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?
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.
There's a new PR out today...
Bots Inc Reveals New Scrypt Miner — First Entry Level Model That Mines Dogecoin
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.
I'm just telling you what it's been like in the past. I'm not saying it's right, just that it's not unusual and has happened frequently. We have new management now. Perhaps things will be different this time. We'll see. I wouldn't read too much into it either way.
LOL Did you even read the link you posted...
OTC Companies almost never file on time. Bots has always filed late. They tecnically have until August 13, but don't be surprised if we don't see the 10-K until September. It usually takes a several late quarters before a company gets a stop sign.
LOL We can keep redoing the numbers, however, new projections have been coming rather quickly lately. In the case of Vengar Technologies, all we know is that they're projecting $45 million revenue over three years. We don't know what the profit margin will be or whether the revenue will be evenly distributed each year. There's already a large degree of uncertainty of roughly $25 million in either direction based on Pulse earnings so Vengar wouldn't add much to the estimate. Again, keep in mind, all we're trying to do is figure out what a rational range of target prices could be. In this case the range is quite large depending on what industry class we put Everything Blockchain into. However, a pps of roughly $50 is quite reasonable for a financial services company while roughly $800 is not out of the question if we classify them as "Software (System & Application)"
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.
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.
There's a new PR out today...
Everything Blockchain Closing Its 4th Strategic Acquisition - Vengar Technologies, LLC
I've complained to TDA several times because their invest.ameritrade.com website contains correct info on COUV (other than the bid and ask) but their ThinkorSwim website can't calculate the daily profit or loss correctly. They fixed it once and then it reverted back. I lodged another request to fix it a couple days ago.
The $56 million number comes from the Consolidated Statement of Operations (aka Income Statement). The $61 million number is on the Statement of Cash Flows. First Notice they both represent numbers for 9 months ending January 31, 2021 (i.e. they're fiscal year-to-date numbers). The $56 million represents year-to-date profits. The $61 million represents the gain over and above the cost of acquiring the assets of First Bitcoin Capital, LLC (i.e. the value of the assets acquired minus the cost/stock paid to parent company First Bitcoin)...
Since the income statement includes the $61 million in calculating the profit, the statement of cash flows subtracts this number from the income (since it represents a non-cash value of assets) to show how much cash is available for the fiscal year-to-date.
There last Balance SHeet from the 1/31/21 10-Q shows only $596,626 in total liabilities and $1,247,789 in total current assets. I don't know if they've taken on any debt since then but they were in extremely good shape at the beginning of the year.
No one ever claimed that they weren't trying to make money on their crypto investments. That's a straw man argument. What I was disputing was your initial claim that they had no revenue from services (i.e. they didn't have any contracts) and the revenue all came from crypto appreciation which we clearly proved was false.
Keep in mind, we have a new management team. Paul used to be pretty open about what was happening and wasn't afraid to make revenue projections. We haven't seen any of that since the new team took over. Even given yesterday's announcement, you have to know that Bot's received some revenue for developing the AIRDOGE miner. I suspect they're holding some things back to make a bigger splash later, however, I don't expect a lot of booked revenue until after this current quarter (1FQ22 ending on July 31).
As I said, the projections depend on whether the predictions from the company are realized. A lot of the estimate is based on the PR claim of $75 million in earnings from PulseChain (note: the actual PR estimate was $50 to $100 million). However, even without PulseChain, we're looking at a range of $19 to $300/share as a rational target pps.
Back on June 7 I estimated that based on the information available at the time, OBTX was extremely undervalued. Updating my post #432 with more current informaton...
Based on the June 7 OBTX PR, we can do some rational price calculations.
The company, during the period from February 1 thru May 31, operated at a roughly 43% profit margin. ($2.1M profit/$4.8M revenue)
The June 7 PR projects annual revenue for the current year at $14 million
$14,000,000 x 43% = $6,020,000 profit/earnings
The OBTX PR on June 14 projected revenue of $2.5 million with a 15% profit ($375,000) from their acquisition of Mercury, Inc.
On June 21 the company announced the acquisition of 832 Energy Technology Consultants projecting another $500,000 revenue at a 50% profit margin ($250,000).
On July 20 they announced their involvment with PulseChain and estimated $50 to 100 million in new earnings (i.e. profit). For my target pps I'll split the difference and use $75 million
Adding up the earnings we get...
$6,020,000 + $375,000 + $250,000 + $75,000,000 = $81,645,000
From my Bots Post #109105 I calculated the number of common shares the company would have if all of the Preferred shares were converted to common shares (which couldn't happen for two years). The total common shares if all preferreds were converted would be 21,459,126 shares
$81,645,000 Earnings / 21,459,126 Outstanding Shares (OS) = $3.80 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.
$3.80 EPS x 19.35 = $73.53/share pps to
$3.80 EPS x 305.13 = $1,159.49/share pps
Using Stern's average PE ratio across all industries of 93.39x we get...
$3.80 EPS x 93.39 = $354.88
Consequently, based on these assumptions, a price target in the range of roughly $73 to $1,160 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 even today. 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.
Nevertheless, if OBTX reaches $100/share, which seems pretty likely, the value of the Bot's investment would be...
2,500,000 shares x $100 = $250,000,000
Back on June 7 I estimated that based on the information available at the time, OBTX was extremely undervalued. Updating my post #432 with more current informaton...
Based on the June 7 PR, we can do some rational price calculations.
The company, during the period from February 1 thru May 31, operated at a roughly 43% profit margin. ($2.1M profit/$4.8M revenue)
The June 7 PR projects annual revenue for the current year at $14 million
$14,000,000 x 43% = $6,020,000 profit/earnings
The PR on June 14 projected revenue of $2.5 million with a 15% profit ($375,000) from their acquisition of Mercury, Inc.
On June 21 the company announced the acquisition of 832 Energy Technology Consultants projecting another $500,000 revenue at a 50% profit margin ($250,000).
On July 20 they announced their involvment with PulseChain and estimated $50 to 100 million in new earnings (i.e. profit). For my target pps I'll split the difference and use $75 million
Adding up the earnings we get...
$6,020,000 + $375,000 + $250,000 + $75,000,000 = $81,645,000
From my Bots Post #109105 I calculated the number of common shares the company would have if all of the Preferred shares were converted to common shares (which couldn't happen for two years). The total common shares if all preferreds were converted would be 21,459,126 shares
$81,645,000 Earnings / 21,459,126 Outstanding Shares (OS) = $3.80 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.
$3.80 EPS x 19.35 = $73.53/share pps to
$3.80 EPS x 305.13 = $1,159.49/share pps
Using Stern's average PE ratio across all industries of 93.39x we get...
$3.80 EPS x 93.39 = $354.88
Consequently, based on these assumptions, a price target in the range of roughly $73 to $1,160 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 even today. 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.[/quote]
That's a lot of work. Let's just wait a few weeks until the 10-K comes out (it's due July 29 with an extension available until August 13). It should give us a better idea of where we stand.
Your original argument was that the company didn't perform any services and that the $1,081,000 in revenue on their Income Statement all came from appreciation of their HEX holdings. The fact that they were paid in HEX was never in dispute. Early on I pointed out that they invoiced their customer $1,040,000 in dollars for their services and the day they were paid they received the dollar value of that invoice in HEX.
From my post #463
I'm not sure how an acquisition would affect things. Right now that's only speculation but the management at OBTX seems to know what they're doing while First Bitcoin doesn't seem to be doing anything. Consequently, I think it could be a positive for Bots shareholders. JMO