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lesgetrich

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lesgetrich

Re: Perfectson post# 465

Monday, 06/28/2021 10:09:14 AM

Monday, June 28, 2021 10:09:14 AM

Post# of 645

I quoted several places where they stated those gains would be in revenue



...and I've shown you in post #463 how the revenue is actually accounted for in the financials.

OBTX post #463

The growth isn't recorded as revenue until the crypto is sold. The growth is reflected in the asset value

Reread your post #452. All of your quotes from the financials reference revenue from a "transaction" or sale of the cryptocurrency. That's when revenue is recognized. If the cost of the crypto when purchased is higher than the price they received on the sale they have a net loss of revenue that is recorded.

Les

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