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
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $18.14M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.0¢ | $2.572K | 50.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 64570 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 29995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 64570 | 0.050 |
1 | 131137 | 0.049 |
1 | 239167 | 0.048 |
1 | 12000 | 0.045 |
1 | 15000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 60000 | 1 |
0.055 | 3350 | 1 |
0.060 | 5000 | 1 |
0.063 | 27000 | 1 |
0.064 | 10000 | 1 |
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