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Thursday, July 29, 2021 10:15:49 AM
I don’t think I said they had no contracts but that these were minimum or not really $1m
...that's exactly what you said (i.e. that it was not really $1 million in services), and it's how this disagreement started and what I've been diputing from the start. From your post #447...
I would assume this would be unearned revenue and would be on the balance sheet and not in revenue until fully earned over 12 months. Since the 10Q was for the prior quarter I would be doubtful the $1m is from the PR you posted .
Again I believe most of the revenue increase is related to HEX exponential growth and may not not repeatable in the short term. Which may not be capital gains or staking but unrealized gains related to holding HEX which they received for services, mining , etc etc
I've never said that they weren't recording any income from crypto appreciation, only that the $1 million in revenue came from invoicing their services not from crypto appreciation. You still haven't admitted this.
Nevertheless, it's becomming a moot point if the projected pulse earnings are real. They haven't yet said how those huge profits will be earned and how much would be repeatable.
Les
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