Replies to post #563 on Everything Blockchain Inc (EBZT)

[Perfectson]

Pulse isn’t even released yet

And when it is released it will be worth $0

There’s no current price or market lol. How do I get $5m in an unreleased coin that is worth $0

[Perfectson]

Also you’re assuming they had anything to do with Pulse

Show me specifically where they stated this.

I don’t think you actually know how any of this works and is why you making assumptions that aren’t accurate. Every PR I read made it seem OBTX through Overwatch were INVESTORS in pulse and not developers

[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