Ann: CryptoKitties beta launch in Greater China, page-58

Based on extensive research which you can explore by re-reading my posts. As I said in my $1 post today, the share market sometimes doesn't make sense and can't be predicted. However, based on comparisons to other micro/small cap companies both making revenue and not, on average a company should be valued around $50 million per $1 million in revenue. In a recent post of mine I break down how AB1 can make $3 million this quarter from CDH, CK and their older apps. Bring into the fact we have CryptoKitties and Casino Resort now released and revenue from customers could exceed $3 million. On top of that we should see approx. $1 million in payments from ICI for the purchase of our older apps. We also had a Capital Raise.

So cash flow should be positive this quarter and we should have left over cash on hand.

Based on shares like AC8 and QBL with $0 revenue and $100+ million market caps, and shares like BUB with a valuation of $140 million in market cap per $1 million revenue, we are HIGHLY undervalued given current and future revenues. $1 gives us a market cap similar to CUV, which reported $4 mil last quarter and was valued at around $428 million market cap.

Perhaps $1 is awhile away, but certainly 3 - 5 bags are possible in the next 2 months. The only way it isn't undervalued is if all of AB1s apps haven't made a dime since the $1.2 million revenue announcement. Which is doubtful. Even at $1 mil revenue we should be about 10cents.