Each to his own, but for me all the value at this time is in the 'promise', the director's passion and expertise, a whole host of intangibles impossible to value in monetary terms. There are a thousand things that can effect the revenue and profit, - how long is a piece of string? I have no idea what the proft will be and I don't think anyone else does either.
Spec shares are not valued on earnings, even if you have some figures. They are valued on excitement, sentiment, technology etc etc.
So from my limited understanding is that this is profit before tax and as it is currently in bitcoins wont be taxed until it is converted to traditional currencies. And it would be interesting if they would pay for this computer hardware by bitcoins hm.
I suspect you are correct. This whole area is so new that many questions simply have no answers yet.
MEJ Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
