Would agree with this. In future funding rounds, new capital is introduced and Novatti share is diluted - always going to be cheapest to get in on the ground floor, and they seem to have maximised this with their 91% shareholding.
Interestingly, at $3 million for 9% of the IBOA holding group - the post-money valuation looks to be around $33 million for the bank (with Novatti 91% share worth a little over $30 million, and others 9%).
NOV's shareholding in RKN is currently worth circa $28 million.
So between IBOA shareholding and RKN shareholding -> $58 million total out of the ~$90m market cap.
So rest of company "valued" at ~$32 million by the market, or about 0.6 to 0.7 x sales. Which is not far off current value of DOU, which has revenue of less than $1 million.
Could very easily be valued at 5 x sales for existing business conservatively + IBOA + RKN = circa $270 million, or 80 cents per share.
Without getting carried away with any of it.
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Last
6.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.19M |
Open | High | Low | Value | Volume |
6.8¢ | 6.8¢ | 6.8¢ | $105 | 1.537K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7630 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 22032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7630 | 0.067 |
1 | 13730 | 0.066 |
3 | 47000 | 0.065 |
1 | 30000 | 0.064 |
1 | 125000 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 22032 | 1 |
0.070 | 100000 | 1 |
0.074 | 16472 | 1 |
0.078 | 28163 | 1 |
0.080 | 48179 | 3 |
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