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Re: ChuckBits post# 4313

Sunday, 07/25/2021 5:01:45 AM

Sunday, July 25, 2021 5:01:45 AM

Post# of 6250
Thanks Chucky, what would I do without ya? I need to write this stuff down. I keep mixing up $HVBT, $HUT, $BITF.

since they are a "foreign" company, they must abide by their "home exchange" rules, where the due date is 07/29/21.



OK, "Due Date" implies the final day to report? Like April 15th for US income tax filing? But some folks will file in January, months before the "Due Date."

What does Frankie Boy say? Cheeses ya know we'd love to report much earlier but we have to wait by law, sorry 'bout that.

Just because you "can" do something, it does not logically follow that you "should" do it. Why keep shareholders and potential retail/institutional investors waiting? What purpose does that serve, especially now on The NAZ?

- From the April 7, 2021 -

Coin Inventory (HODL)
As previously announced since the beginning of the calendar year 2021 HIVE has been a Holder of all mined Bitcoin and Ethereum coins and has been banking them in cold wallets. As at the completion of our most recently completed fiscal year ended March 31, 2021 we held over 320 Bitcoin and over 20,030 Ethereum coins.
[Question: What is being said here? Are they HODLing all coins or just those mined since the start of the "calendar year?" Then they go on to say, ". . at the end of the completed fiscal year ended March 31, 2021, we held 320 coins." 320 coins since their Bitcoin mining began? For the last fiscal year? Since the the beginning of the calendar year 2021? During my working career, for a time I wrote technical instructions. I always took the approach that I would dumb them down to my level of understanding because by doing that I felt, Cheeses, if I can understand these, the target audience will also.]
Our strategy is to continue holding coins, as we feel that it will benefit our shareholders. The dollar value of our crypto assets at fiscal year end was approximately US $60 million and cash was US $36 million.



I would like to see the math behind these numbers, because fooling around with numbers, dates and Bitcoin value, I can't come up with these numbers.

What is the accounting process an asset with such daily, even hourly, volatility.


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