$BLZE Deep Dive

Xxxx: Xxxxxxxxx 00, 0000 Xxxxx xx xxxx xx xxxxxxx: $00.00 (Xxxxxx, Xxxx 00 xxxxx). 00-xxxx xxxxx $0.00 – $00.00. Xxxxxxx +000% XXX xxxx ~$0 xx xxx xxxxx xx 0000, xxx −00% xxxx xxx Xxxxxx xxxxxxxx xxxx xx $00.00 xxx −00% xxxxx xxx xxxxxxxxxxx xxx xxxxxxxxx xx Xxxxxx 00 ($00.00 xxxxx). Xxxxxxxxx: Xxxxxxxxx_Xxxx.xx (xxx xxxxxxxxxx, XX/xxxx xxxxxxxxx, Xxxxxxxxxxx 0-0 xxxxxxx) Xxxxxx xxxxx xx xxxxx: Xx-xxxxxx. Xxxxxxxxx xx xxx xxxx-xxxxx xxxxxxx xxxxxxxx xxxx xxxxxxxxxx XX xxxxxxx — XxxxXxxxx xx xxx xxx xxxxxxx xxxxxxxx xxx "0 xx xxx xxx 00 X0 xxxxxxxxx xxx XX." Xx xxxx xx xxx XX xxxx xxxxxx xxxxxxxxxxxxxx xxxxxx xxxxx xx xxx xxxxxxx xxxxx, xxxxx xx x xxxxx xxxx xxxx xxxx xxx xxxxxxxxx xxx. Xx xxxxxxxx xxxxxxxx xxxx xxx xxxxxxx xxxxxxxxxxxx xx xxxxx xxxxxxxxx xxxxxx.

XXX XXXXX XXXXXX

Xxxx xx xx. X 00-xxxx-xxx Xxx Xxxxxxxxx xxxxx xxxxxxx xxxxxxx xxxx xxx xxxxxxxxxx: X0 Xxxxx Xxxxxxx (00% xx xxxxxxx, +00% XxX xx X0, X0-xxxxxxxxxx xxxxxx xxxxxxx xxxxxx ~00% xxxxx xxxxxxxxxxxx) xxx Xxxxxxxx Xxxxxx (00%, xxxx-xx-xxxxxxxxx xxxxxxxx/XXX xxxxxx xxxx xxxxxx xxx xxxx). 000,000+ xxxxxxxxx, 0+ xxxxxxxx xxxxx xxxxxxxxxx, 000,000 xxxxxx, xxx xxxx xxxxxxx. Xx Xxxx 0000 xx xxxxxx x $000X, xxxx-xx-xxxxx-xxxx xxxxxxxxx xxxxxxxxx xxxx XxxxXxxxx xxxx xxxx xxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxx $00.0X xx $000X xx xxx xxxxxxx.

Xx xx xxxxx? Xxx, xx xxx xxxxxxx xxxxxxx, xxx xxx xxx xxx xxxxxxx xxxxx Xxxxxx xxx xxxxxxx xxxx xxx xxxxxx xxxxxxxxx xxxxxx xxxx xxxxxxxxxxx. Xx $00.00 xxx xxxxxxx xxxxxxxxxx xxxxx xx ~$000X (xxxxx ~$000X). Xxxx xx 0.0x 0000 xxxxxx xxxxxxx, 0.0x 0000 xxxxxxxxx xxxxxxx ($000.0X) xxx 0.0x 0000 xxxxxxxxx ($000X). Xxxxxxxxxx XXX xxxxx xx 00% xx XX. Xxx xxxxxxx xxxxxx xxxxxxxxxxx xxxxx xx 0.0x xxxxxxx xxxxx (Xxxxxxxx, xxxxxxxx Xxxx Xxxxxxx, xxxxxxx ~00%) xxx 00.0x xxxxxxx xxxxx (XxxxxxxXxxxx, xxx xxxxxxx xxxxxxxx xxxxx, xxxxxxx ~00% xx xxx 0-xxxx xxxxxxxx). XxxxXxxxx xxxxxx xxxxxx xx 00.0x xxxxxxxx xxxxx. Xxxxx xxx xx xxx xxxxx xxxxxx xxxxxxx xxxxxxx ($00-00) xxxx 00-000% xxxxx xxxx, xxx xxxxx xxxxxxx xxxxxxx xx xxx 00 xxxx xxxxx xxx X0 xxxxx, xx xxx xxxxxxxxx xx xxx xxx, xxx xxx xxxxxxx.

Xxx xx xx xxxxx. Xxxxx xxxx xxxxxxx xxx xxx xxxxxxxxx xxx. (0) Xxx Xxxxxxxx Xxx xx Xxxxxxxxx 0 xxxx x xxxxxxxx xxxxxx, x $00X XXX xxx xxxx xxxxxxxxx, xxx xx 0000 xxxxxxxxx xxxxx, xx xxxxxx xx xxxx xxxx xxxx xxxxxx xxx xx 0000 xxxxx xxxxxx — xxx xxxxx xxxx 0.00% xxxx xxx xxx 0.00% xxx xxxx. (0) 0000 xxxxx xx xxxxxx xx 00-00% xx xxxxxxx xx xxxxx XxxxXxxxx xxxxxxxx, xx xxxxxxxx xxxx xxxx xxxx xx "xxxxxxx" xxxx xxxx xxx xxxxx xxxxxx xxxxx "x xxx xxxxxxx xxxxx xxxxxx" xx xxxxxxxxxxxx xxxxxxxx xxxxxx xxxxxxxxxx. (0) Xxxxx xxxx xxxx xx ~00% xx xxxxxxx xxx xxx xxxxx xxxxx xx xx 00% XxX; XXXX xxx xxxx xxx $0.0X xx X0 xxxx xx xxxxxxxx XXXXXX xxx $00.0X. (0) Xxx $000X 0% xxxxxxxxxxx xxxxxx Xxxxxx 00 xx x $00.00 xxxxxxxxxx xxxxx xxxxxxx xxxxxxx-xxx xxxxxxx xxx x 00% xxxxxxxx xxxx x xxxx xxxxx.

Xxxx xxx xxxxxxxxx xxxx. Xxxxxxxxxxx-xxxxxxxx XX $00.00 xx xxxx $00.00 = 0.00x XX/xxxx, xx xxx xxx xx xxx "xxxx xxxxxxxxx" xxxx. Xxxxxxxxx 0.00. Xxxxxx xxxxx xxxx: Xxxxxxxxx 0 ≥ 0, Xxxxxxxxxx Xxx 0 ≥ 0 (Xxxx xx 0.0, xx XX xxxxxxx xxx xxxxxxx xxxx), Xxxxxxxxxx 0.0 ≥ 0, xxxxxxxxx > 0.0. Xxxx xxxx xx xxxxxxx — $000X xx xxxx xxxxx xxx xxxxxxx, xx xxxxxxxx xxxxx 0000, xxxxxxxx XXX xxxxxxx xxxx xx xxxx xxxxx.

Xxxxxxxxxxxxxx: Xxxxxxxxxx, xxxxxxxx xxx. Xxx x xxxx-xxxxxxxxxx xxxx, xxxxxxx Xxxx xx 0.0 (X0-xxxxxxxxxx xxxxxx xxxxxxx xx x xxxxxxxxxxx xxxxxx xxx xxx xxxxxxxxx xxxxxxxxx xxxx xx xxx xxxx xx xxx xxxx-xxxxxxx xxxxxxxxx xxxx xx xxxx) xxx Xxxxxxxxx xx 0, xxx 0. Xxx xx xxxxxx xx xxx xxxxxxxxxxxxx: xxxxx XxxxXxxxx xxxxxxx xxxxxxx xx xxx X0 xxxxx (xxxxx Xxxxxxxx) xxxx xxx XX00 xxxxx xxxx xx xxxxxx, xx x xxxxxx xxxxx xxxxxxx-xxxxxxx xxxxxxxx. Xxx xxxxxxxxx'x xx-xxxxx xxxxxxxx, xxxx xxxxxxxxxx, xxx xx Xxxxxxx 00.

0. XXXXXXXX

0. XXXXXXXX XXXXXXXXXXX

Xxxxxxxxx xxx xxxxxxx xx 0000 xx x xxxx xxx xx XxxxXxxxxxxx/XxxxxXXXX, xxxxxxxxx xxxxxxx XXX xxx Xxxxx Xxxx Xxxxxx, xxx xxxx xxxxxx xx Xxxxxxxx 0000. Xx xxxxxxx xxx xxx xxxxxxx xxxxxxx ("Xxxxxxx Xxxx," xxxx-xxxxxxx) xxx xxxx xxx xxx "Xxxxx" xxxxxxxxxxxx xxxxxx xxx xxxx xxxxxxx, xxxxxxx-xxxxx xx xxxxxx xxxxx xx xxxxxxxxxx, xx ~000,000 xxxxxxxx-xxxxx xxxx xxxxxx. Xxx xxxxxxx xxxxxxxxx xxxxxxxxx Xxxxx Xxxxx (xxxxx xxxxxx xxxxxxx xxxx 0.00% xx X0 0000, 00% xx xxx xxxxxxxxxxx xxxxx 00XX) xxxx xxx xxx xxxxxxxx'x xxxxxxxxx xxxxxxx xx xxxxx xxxxxxxxxxx. Xxxx xxxxxxxxx xxxx-xxx — xxxxxxx xxxxxxxx xx XXXx xx xxxxxxxxxxx-xxxxx xxxxxxxxxxx xx x xxxxxxxx xx xxxxxxxxxxx xxxxx — xx xxx xxxxxx xxxxxxx.

Xxx xxxxxxx xxxxx:

X0 Xxxxx Xxxxxxx — $00.0X xx X0, 00% xx xxxxxxx, +00% XxX, $000.0X XXX. X0-xxxxxxxxxx xxxxxx xxxxxxx xx $0/XX/xxxxx xxxx, xxxx xxxxxx xx xx 0x xxxxxxx, xx XXX xxxx xx xxx Xxxxxxxxx xxxx. Xxxxxxxxx'x xxx xxxxxxxx xxxx xx xx ~00% xxxxx XXX X0 xxx xxx xxxxxxx xxxxxxxx'x xxxxx xxxxxxx. Xxxxx xx-xx-xxxxxx xxxxxxx xxxxx xxx Xxxxx 0000 XXX xxxx: xxxx-xxxxx/xxxxxxx-xxx xxx xxxxxxxxxx xxx XX xxxxxxxx, xxxxxx xxxxx xxx $00X+ xxxxxxxx, xxx xxxxxxx/xxxxx-xxxxx. Xxx XX-xxxxxxxx xxxxxxxx xxx X0 Xxxxxxxxx (xx xx 0 Xxxx xxxxxxxxxx xxx xxxxxxxx, xxxxxxxx Xxxxx 0000), X0 Xxx (x xxxxx-xxxxx xxxxxxx xxx xxxxxxxxx xx xxxxxx xx xxxxx XXX xxxxxxxxx, xxxxxxxx Xxxxxxxx 0000) xxx, xxxxx Xxxx 0000, x xxxxxxx xxxxxxx xxxxxxxx xxxxx Xxxxxxxxx xxxxxxx xxx xxxxxxxx XXX xxxxxxx xxxxxx xxx xxxxxxxx'x xxx xxxx xxxxxx xxxx xx xxx XXXx.

Xxxxxxxx Xxxxxx — $00.0X xx X0, 00% xx xxxxxxx, −0% XxX, $00.0X XXX. Xxxxxxxxx-xxxxxx xxxxxxxx/XXX xxxxxxxxxxxx. Xxxxxxxxxx xxxxxx "xxxxxx-xxxxx xxxxxxxx" xxx xxxxxx xx xx xxx xxxx xxxxxx xxxxxxx X0. Xxxxxx xxxx xxxxxxxx xx X0 xx xxxxx xxxxxxxxxx xxxxx x Xxx 0000 xxxxx xxxxxxxx xxxx xxxxxxxx xx xxxxxxxxxx xxxxx xx xxxxxx xxxxxxx.

Xxx XxxxXxxxx xxxxxxxxx (Xxxx 00, 0000). Xxxxxx Xxxxxxxxx Xxxxxxxxx xxxx xxx xxxxxxx xxxxx xxxxx xx xxxx xxx xxxxx xxxxx, xxxxxxxxx xxxxxxxxx xxxxx xxxxxxxx xxxxx $000.0X, xxxx $00.0X xx xxxxxxx xxxx xxxxx xxxxxx xx xxxxxx-xxxxxxx = $000X xxx xxxxx xx XXX. Xxxxxxx 00% xx xxxxxxxxx X0 xxxxxxxx (xxxxxxxxxx xx xxxxxxxx xx xxxx xxxxxxxxx) xxx 00% xx xxxxxxx xxxxxxx xx XxxxXxxxx'x xxxxxxxxxxxxxx (xxxxxxxxxx xx xxxxxxxx). Xxx 00% xxxxx xxxx xxx xxxxx 00 xxxxxx xxx xxxxxxx xxxxxxx xxxxxxxxxx xxxxxx xxx-0000; xxx 00% xxxxx xxxxx. Xx xxxx xxx xxxx xxxx xx ~$00X/xx xxxxxxxx + ~$00X/xx xxxxxxx = ~$00X/xx, xx xxxxxxx x xxxxx xx 0000 xxxxxxx xxxx xxx xxxxxxxx. XxxxXxxxx xxxxxxxx 0,000,000 xxxxxxxx xx $0.00: 0,000,000 xxxx xx 00 xxxxxxxxx xxxxxxxxxxxx xxxx xxxx xxxxx, 0,000,000 xxxx xx xxxxxxx-xxxxxxx xxxxxxxx xxxxxx. Xx XxxxXxxxx xxxxxxx xxx xxxxxxxxxx xx X0; xx xxxxxx xx X0.

Xxx XxxxXxxxx, xxxxx xxxxxxx xxx x $0.00X xxxxxxx xxxxxxxxx xxxx XXXX Xxxx, xxxxxx Xxxxxxxxx: xxxxx xx "xxxxx 00 xxxxx xxxx xxxxxxxxx xxx xxxxxxxx xxxx xxxx xxxxxx" xx xxxxxxx xxxxx, xxx xxxxxxxxx xxxx xxxxx xx xxx-xxxxx xxx xxx xxxxxx xx XXX xxxxxxxx xxxx xxx xxxxxxxx xxxx, xxxxxxxxxxx xxx xxxxxxxxx xxxxxxx. Xxxxxxxxx'x Xxxxxxxx Xxx xxxxxxx xx xxxx XXXx xxxx xx xxxx 00% xx XX-xxxxxxxx xxxxxxx xx 0000 xx 00% xx 0000. Xxx XXXX xxxxxxxxxxx xxxxxxxxx Xxxxxxxxx 0 (XXXX XxxxxxXxxx xx xxx xxx xxxx, X0 xx xxx xxxxxxxx xxxx, Xxxx-xx-Xxxxxx xxxxxxxxxx xxxxxxxx xxxx X0) xx xxx xxxx xxxxxxxxxxxx xxxx xxxxxxx x xxxxxxxxx xxxx.

0. XXXXXX XXXXXXX

1. $000X xx xxx XxxxXxxxx xxxxxxx xx xxxxxxxxxx xxx xxxxxx xxxxxxxxxxx xx X0 0000. XXX xxxx 0.0x xx xxx xxxxxxx ($00.0X → $000X). $000.0X xx xx xxxx xxxxxx 00 xxxxxx, xxxxx xx xxxx "xxxxxxxxxx xxxxxxx xxxxxx xxxxxxxx xxxxx" xxxxx xx xxxxxxx xxxxxxxx. Xxxxxxxx: 00-X xxxxxxxx 00, X0 xxxx. Xxxxxxx-xxxxxxxx: xxx xxxxxxxx xxxxx xx "xxxxxxx xx xxxxxx xxxxxxxx xxxxxxxx" xxx xxx xxxxxxx xxxxx xxxxxxxx, xxx xxx 00-X'x xxx xxxx xxxxxx xxxx xxx xxxxxxxx xxxx "xxxxxx xxxxxxxxxxxxx xxxxxxxxx xx x xxxxxxx xxxxxx xx xxxxxxxxx."
2. X0 xx xxxxxx xx 00%+ xxxxxx xx 0000 xxxxxx xxx xxx xxxxx xxxx. Xxxxxxxxxx'x xxxxxxxxxxx xxxxxxx xxxxxxxxxx xxxxxxxx xxx xxxxx xxxxx xxx xxxxxxxx xxxxx xxxxxxxx, xxx xxx XXX xxxx xxxxxxxx xxxxxx xxx xxxxxx xxxxxxx "xxxx xxxxxxxx" xxx xxxx xx xxxxx 0000 xxxxx. Xx xxx 0000 X0 xxxx xx ~$000X, 00% xx ~$000X; xxxxxxxxx 0000 xxxxx xxxxxxx xx $000.0X xxxxxxx X0 xx xxxxxxx +00%.
3. Xxx xxxxxxxx xxxxxx xx xxxxxxx xxxxxxxxxxxxx xx XxxxXxxxx. 000 xxxxxxxxx xx $00X+ XXX, +00% XxX, xxxx ~00 xxxxx xx X0 xxxxx; xxxx $000X+ xxxxx xx X0, xxxxx XX-xxxxxxx, xxxxxxxxx x xxxxx-xxxxxx XXX X0 Xxxxxxxxx xxxx xxxx x xxxxxxxx xxxxx xxxxxxxxx xxxxxxxxx xx xx "xxxxxxx xxxxxxxxxx." Xxxxxxxx Xxx xxxxxxx: XX xxx xxxx 00 xxxxxx xxxxxx xxxx xxx-XX, XX xxxxx 0x xxxxxx xx xxxxxxx, xxx XX xxxxxxxx xxxxxxx xxx xxxxxxxxxx xxxxxx 00 xxxxxx, xxx x xxxxxxxx-xxxx xxxxxxxx xxxx xxxxx-xx-xxxxxx xx 00 xxxx xxx xxxxxxxx 0.00x xx 00 xxxxx.
4. Xxxxxxx xxxxxxx xxxxxxxx. "Xxxxxxxx xxxx x xxxxx" xxxxxx xxxxxxx-xxxxxxx xxxxxxxxxxxxx xx X0. Xxx XxxxXxxxx xxxxxxx xxxxxxxxx xxxxx xx ~$00X xx XXX; xxx xxxx xx xxxxxxx xxxxx xx x xxxxxx-xxxxx xxxxxxxxxx xx XX. Xxxxxxxxxx xxx xxxxxxx xxxx xxxx xx "xxxxxxxxx xxxxx" xxx xxxx xx xxx xx xxxxxx, xxxxx xx xxxx.
5. Xxxxx xxxxxxxx xxxx xxxxxxxxx. Xxx Xxx 0000 xxxxx xxxxxxxx xxxxxxxxxxx ~0 xxxxxx xx X0 xxxxxx xx X0 xxxx xx xxxxxxxxxx xxxxx; X0 XXX xxxx xx 000% (xxxx 000% xx X0, 000% xx X0). Xxxxx xxxxxxxxx 00%.
6. Xxxxxxxx xxxxxxx xxxx xxxxxx xxxx xxx XX. Xxxxxxxx Xxx: 0x xxxxxxxxxx, 0x XXX xxxxxxx xxxxxxxx xxx +00% xxxxx xxxxxxxxx "xxxxxx xxxx," xx xxx xx xxx 00-00XX xxxxx xxxxxxxxxx xxxxxxx xx xxx xxxxx. Xxxx xxxx xx xxxxx xxxxxxx xxxxxx xxxxx xxx xxxxxxx xx xxx xxxx xxxxx.
7. Xxxxxxx xxxxxxx. Xxx $000X 0% xxxxxxxxxxx xxxxxxxx xxxxxxx-xxxxx xxxxxxxxx xxxx xxxxxxx x xxxxxxxxxx xxxxxxxx xxxx (xxx xxxx xxxxx "$00X+ xxxxxx xxxxxxxx xxxxxxx" xxxxxx xxx xxxxx xxxxx xxxx; xxxxx xxx xxxxx xxxxxx xx xxxxxxxxxx'x xxxxxxx). Xxxxx xx xxx xxxxxxxx xx 0-0 xxxxxxx xxxxxx xxxx xxxxxxx "xxxxxxxxxx xxxxxx xxxxxxxxxx."

0. XXXXXXXXXX XXXXXXXX

Xxx xxxxxxxxxx.