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Re: lesgetrich post# 603

Tuesday, 01/04/2022 7:26:07 AM

Tuesday, January 04, 2022 7:26:07 AM

Post# of 645

This is statement is 100% wrong , period. And subsequent statements are not based in fact either. We definitely need more educated statements , which I will happily provide as I do understand the accounting, finance, and business they operate in .



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




The statement was 100% wrong and the statement and others like it have been wrong and shows that a misunderstanding of how accounting works , it is not based on accounting nor finance knowledge. This is how I was able to make truthful statements months ago and knew the company would ultimately have to show this in their filing .

Again the statement was 100% inaccurate and devoid of truth.
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