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Re: lakers17 post# 217690

Sunday, 05/19/2024 2:31:45 AM

Sunday, May 19, 2024 2:31:45 AM

Post# of 230092
According to GAAP, crypto must be booked at it's fair value at the time of tranacton. So, NSAV had $204 million in crypto on the day they made the deals in the first quarter. They had another $24.3 from the end of Dec. Each company had a separate deal and they paid NSAV in their coins. Recently, NSAV said they will be making conversions and using the procedes to pay expenses. On the next financial report, you are going to see a massive number for cash on hand. IMO.
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