fair value of bnb shares , page-7

This is significant coming from UBS as they floated BNB and enjoy a very close relationship. So to reduce their value from $25 a share to $6.80 makes a major statement abount BNB.

So at this point in time where the sp is at $5.25 and a 'fair valuation' is $6.80 p/s, they are undervalued by at least 23%. Sounds about right to me, ignoring the hysterical and largely irrational overselling that has been going on