Everything Blockchain Inc (EBZT)

[lesgetrich]

When you made your "sacrifice" were you promised a certain number of Pulse tokens for that? If so, wouldn't that establish a value? What was the method/formula for determining how many tokens you would get?

In any event, I believe that it's unlikely the $5 million in second quarter revenue came from Pulse tokens. I think both of us overlooked a PR they issued back on June 7...

EVERYTHING BLOCKCHAIN ANNOUNCES REVENUE AND EARNINGS FOR MAY, 2021

Fleming Island, Florida, June 07, 2021 (GLOBE NEWSWIRE) -- EVERYTHING BLOCKCHAIN, INC. (OTC Markets: OBTX) today announces earning for May 2021. During the month of May 2021, which represents the first month of the second fiscal quarter, Everything Blockchain recorded $3.5M in revenue with $1.5M in net profit. This represents a 342% increase in revenue and a 350% increase in net profit during the first month of this quarter as compared to the revenue earned from February thru April 2021; bringing the total for the first four months of this fiscal year for Everything Blockchain to $4.8M in revenue with a net profit of $2.1M.

This rapid growth in revenue and profits stem from the Company’s involvement with HEX, claimed to be the Blockchain’s first high yield certificate of deposit. Robert Adams, Director and Chief Technology Officer stated, “HEX is a fully-functioning, decentralized high yield certificate of deposit project that reached completion of its Adoption Amplifier (sales) and operates according to the smart contracts that govern its protocols. It is not vapor-ware, an idea, still in development, but is a mature, fully-functioning and highly-complex mathematical masterpiece, and currently a Top Ten cryptocurrency according to its market valuation of $34 billion.” HEX has seen growth, acceptance, and adoption worldwide. A HEX “certificate of deposit” referred to as staking, is currently yielding an average 25-40% APY interest. Mr. Adams went on to say, “The potential market for HEX is trillions, when compared with other multi-national brick and mortar banking offerings. We we with HEX from the beginning, and our position in HEX is significant.”

Now HEX was worth $.01654 on April 30. It closed at $.1174 on July 31. On the other hand it closed at $.051 on May 31. This could account for the "revenue" increase. However, the increase from $.051 on May 31 to $.1174 on July 31 isn't proportional to the $1.875M claimed for their revenue increase in the final two months of the quarter relative to the $3.5M increase in May. I'm still not convinced that they're counting crypto appreciation as revenue.