And to be clear, we are only seeing value of $0.19 at the moment...

And to be clear, we are only seeing value of $0.19 at the moment based on visible revenue in NY.

Then based on broader view of similar companies and their licensing model as well as PE multiples we arrived at around $6.

The $12 figure was a total guess about what could happen if KNM deployed to all US with 80% conversion as well as the G20 countries. I wouldn’t use this for anything it just pure spec.

As always people should use realistic assumptions based on facts we know about. You can make anything look good in a spreadsheet.

Hope this helps. But I am very excited about the future prospects here. Where it gets to is anyone’s guess at the moment.