Bots Inc (BTZI)

[lesgetrich]

I wouldn't call PULSE investment ongoing revenue, which is the assumption in your valuation when using revenue multiples.

You may be right, however, it's unclear from the July 20 PR whether the revenue will be reapeatable. Consequently, for now, I've included it. From the PR...

Everything Blockchain Joins Overwatch Partners Taking Lead Position in Ethereum Fork - PulseChain

... Christian Rishel, a founding partner of Overwatch Partners, and Robert Adams, the Company’s Chief Technology Officer, have been involved in the gamification, theory-crafting, league bonus and adoption cycle curves, distributed autonomous organization (DAO), and other strategic and governance planning of PulseChain. Christian Rishel stated, “As a shareholder of Everything Blockchain, I am extremely happy with the Company’s decision to join with Overwatch Partners in PulseChain. I am very confident that this decision by the Everything Blockchain team in PulseChain will pay-off in the short and long term. I am boldly predicting that Everything Blockchain could net upwards of $50 million, (more likely $100 million) during the inaugural year of PulseChain, shattering their projected annual earnings numbers.”

Robert Adams added, “We are currently working on the protocols to make our wallet transparent to the general public so that our investors, shareholders, and employees can watch our success as our wallet grows in value. We fully anticipate wallet view being accessible to the general public by the time the PulseChain tokens are distributed to the on-ramp participants.”

The Company’s involvement with PulseChain comes on the heels of its success with HEX, the largest cryptocurrency certificate of deposit program, which touts a 70,880% ROI since its inception two years ago.

Eric Jaffe, the Company’s CEO, stated, “We were fortunate to get into the HEX program when we did, and we have reaped the rewards with tremendous growth over the past four months, recognizing more than $5 million in revenue. We are entering PulseChain from the very beginning where we expect even higher returns. With our recent filing of our own QueryChain blockchain, the first ‘green’ blockchain, our focus with PulseChain was to ensure that this Blockchain was also eco-friendly. Based on our belief and understanding that every facet of our lives will eventually be touched by the Blockchain, it is our mission to ensure that it is done as efficiently, transparently, and as environmentally friendly as it can be. PulseChain fits that definition.”

Note that the PR states that the $50 to $100 million will "shatter their projected annual earning numbers". Asset growth doesn't result in earnings until the assets are sold. Consequently, either they're planning on selling their Pulse Crypto assets at the end of a year (which seems unlikely) or they anticipate revenue from something other than Crypto appreciation. Perhaps "gamification, theory-crafting, league bonus and adoption cycle curves, distributed autonomous organization (DAO), and other strategic and governance planning of PulseChain" can result in ongoing revenue. Perhaps they anticipate transaction fees from their "wallet" application. Maybe they will have a tie-in to their QueryChain app or get revenue from being a validator. In any event, a case could be easily made that they're talking about repeatable revenue numbers.