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Friday, July 09, 2021 8:29:56 PM
Unfortunately accounting is very confusing for some .
There is a gain kn the balance sheet due to crypto current accounts , which is not the held crypto you had suggest previously . The change in the crypto (not account receivables) coincides with the revenue increase (which impacts equity).
Hex which they slate in has appreciated a lot, is not represented anywhere else in the balance sheet .
The bottom line is people are confusing concepts but look at the balance sheet and ask where the service revenue is (no receivable has been carried) ask where the carrying amount of hex appreciation is which the company themselves has said was significant and has gone up at least 100x in the past year.
1 + 1 = 2
Don’t be fooled by prs anecdotes and opinions , it’s all on the balance sheet
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