Friday, May 17, 2024 7:57:35 AM
From the COIN last Q notes to financial statements:
Crypto assets held for operations
The Company may receive crypto assets as a form of payment for transaction revenue, blockchain rewards, custodial fee revenue, and
other subscriptions and services revenue which are recorded in Crypto assets held for operations when received. Crypto assets received as a
form of payment are converted to cash nearly immediately or are used timely to fulfill corporate expenses. Crypto assets held for operations are
initially recorded at the transaction price of the crypto assets at contract inception and are subsequently remeasured at fair value on a first in first
out basis at the end of each reporting period, with changes in fair value recognized in net income.
Not knowing how to read, or refusing to read, doesn't determine the facts.
It is a fact that NSAV will need to start submitting audited financials in the future if they are still to be taken seriously. If you read this far, then you understand that I'm not cheerleading for NSAV. They have a lot of ground to cover before they go beyond their current status. Kind of pinky, scammy, OTC bottom of the barrel. People can and will still make money off this run, though.
First step is to disinvest JT and get him the hell out of there, for real
Second is file every report timely, every single time.
Audit financials
Get DTC current
If they really have crypto revs that they can convert, they can throw a ton of money at staff to do what's needed. Time will tell.
Oh, and by the way, COIN Q financials also UNAUDITED. Go back and read again.
Don't believe everything you read on the internet.
- Abraham Lincoln
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