BLGI Inc. (fka BLGI)

[CPANerd]

The 10-Q looks troubling to me for a few main reasons: 1) basically zero takers on the private placement, and 2) On two separate occasions the Company reported progress/the existence of revenue generation: Aug 2 "Cryptocurrency mining operations were launched during the months of June and July with significant success" and Aug 29 "In addition to the cryptocurrencies currently being profitably mined we are reviewing the addition of DASH ASIC miners to our mining centre as well as to diversify and greatly increase our revenue stream by bringing on traditional datacenter clients into the existing facility." Read the press releases for the full narrative. Now the 10-Q states: "As of July 31, 2017, we had not generated any revenues from our business operations." If they had mined even one coin why was it not marked-to-market and recorded as revenue (original mining) and then a gain/loss on the price change if the Company still held the coins?