Main ones that concerns the valuation are sand, revv and their...

Main ones that concerns the valuation are sand, revv and their company maker tower Defense, now with NFT “tower”
The rest I don’t think they have a significant stake. More so they invested as a strategic partner to help them expand into other stuff. Having said that, most of these investments have at least doubled since.

Last unaudited revenue of approximately 60-70m, the market is currently giving companies like this easily north of 10x multiple. I think we have a winner

It is actually a very difficult company to keep track off and value properly given the fluctuations of crypto and NFT right now. I would imagine that being one of the reasons auditors find it hard to sign off on.