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  1. SP3
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    aaron

    The valuations are based on expert opinion.

    The $5m valuation (or there abouts) is based on what ECT and the Calleja's agreed to (shares and $1m cash payment) when the IP was acquired.

    The 2nd one is based on what Interssuise valued ECT based on assumptions. ps the valuation of $40m I quoted was very very conservative.

    Surprised you asked me to provide references for my source. I would have thought you would have worked that one out.
 
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