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Re: BeginnersL8ck post# 17948

Sunday, 01/07/2018 7:45:17 PM

Sunday, January 07, 2018 7:45:17 PM

Post# of 33312
It is my understanding that a customer would purchase the subscription from PTOP. That subscription price would then be revenue to PTOP. The action of PTOP then rewarding the customer with mobicoins is not a revenue generating event for PTOP as far as I can tell, because the customer is not paying any additional price for the coins. Like I said before, if anything it would be an expense for PTOP, since they are giving up an asset (the coins) for essentially no dollars, if there is any value attributed to the coins on their books, but I assume they have not atttributed the value, or else they would have to pick up revenue to the extent they do, pay taxes on it etc., which is not a wise move on their part. So when they give the coins away, it’s likely neither revenue nor an expense in this case yet, for PTOP.

THIS IS NOT A BASH ON THE COMPANY. just my ananysis of how the coins effect the revenue of PTOP.

Should be a nice week ahead for us I hope.