Everything Blockchain Inc (EBZT)

[Perfectson]

hi - with the latest filing are your ready to admit that they were indeed counting crypto appreciation as revenue?


It's a bit hard to dispute, because they actually broke it out this time and it shows $4.7m of the revenue is due to "Fair value adjustment to cryptocurrency"


just to remind you of what you said:

If you are trying to claim that the roughly $5 million increase in revenue proves that they're counting crypto appreciation as revenue you're wrong. Their services contract may well have included a final payment in Pulse coins once everything was completed. That wouldn't be appreciation but simply a completion bonus which incentivizes them to become validators. From their 7/28/21 PR...

so I was 100% right with my Due Diligence.


there's also no indication still that they have anything to do with Pulse development other than potentially sacraficing for Pulse coins