OK BossI won't speak about the valuation provided by Mark a year ago because it's not fair to him and none of my business, nor is it relevant today - from a common sense pov.
But I will say that I do respect him and have independently come to very similar conclusions about how to have a long term, consistant, successful career in investing - his methodology is sound and I do believe that his work here with Intermap is part philanthropic.
I think what is most important in these investments is that everyone should DYODD. And, in these types of investments, it's a very dangerous business Giving away your own DD.
The reason no targets from a year ago are relevant today is obviously because we are still dealing with many unknowns. We had built in many assumptions a year ago (from the guidance provided by mgmt) that have been stripped away today - and going forward, those who built models (any rational investor) have learned that we can no longer be making any more assumptions. Therefore, theoretically, another approach is needed. Specifically - create a logic model, create scenarios, and stress test the hell out of it.