Haven't posted in a while have been busy loading up EM1O over...

Haven't posted in a while have been busy loading up EM1O over the last couple of months.

Time to think of it as a SaaS company, the unknowns are what prerego numbers will be by the 14 Nov launch and the conversion rate to actual users. Let's say 10% of the current pre-registration converts so 300k users x 71 = 21.3m ARR. Median SaaS multiples are 8.2 x ARR for valuations suggesting around 160m which is roughly 20c excluding options etc.

I'm leaning towards 300k being conservative considering its only been a week of registrations and a while to launch so I'm loading up based on this. Will know next month if my calcs work or not!