Agree it is hard to put a value on 9SP.But if you think for a...

Agree it is hard to put a value on 9SP.
But if you think for a second at what it takes to get to the point 9 Spokes is at, with IP, platform development, a global development team in New Zealand, Australia, the UK, North America, Singapore, I don't think you could not consider the current value as very thin.
Of course, if the company was on route for going into liquidation and miserably fail, any value would be too much! But here we are talking about a company that has some brilliant software suite that has grabbed the interest of giants like BoA, Virgin Money UK, VISA, BoNZ and possibly more in the making.
Is it a fait accompli? NO
Is it a risky investment? YES
Has it got potential to succeed? YES

It is slow and frustrating, I get it. But IMHO time will reward the hard work Adrian Grant and his team are doing.