Had you stated words to the effect of the "value of the Cash Raising was $6 million (the "Gross" value at least)" - I wouldn't have bothered posting.
To date - the value of the Wondfo venture is $0. There does not appear to be any revenue ... but what are the related costs so far?
Until such time as there is a net profit from the Wondfo venture - the only tangible "value" that can be attached to it is... "it was a convenient excuse for another CR opportunity".
Of course, when you add in some intangibles - like the typical "pump & dump" factor, the generous options (& the associated negativity around the CR), which are "discounting" experiences, one has to wonder whether there will be any real value left at the end of this.
CDY Price at posting:
11.5¢ Sentiment: None Disclosure: Held
(20min delay)