RE:RE:RE:RE:RE:RE:Instagram is a treasure trove!I think you're being generous at 50 cents. I doubt there will ever be any value in any of the deals done to date. Maybe Desmond can pull a rabbit out of the hat with the app, but I woudn't count on it.
It seems like a long slow building process, and costs are high.
Cash Value is round 13.5 cents a share, and it's only worth that if they know what to do with it.
There's so much dilution now, even if Desmond's successful, I don't know how the market cap can be justified?
JustCommonCents wrote: I just don't see how any substantial revenues are being generated outside of these one off licensing fees. What is the actual value of the Glancepay app? Even with the cash they have right now does it justify a market cap of around $80M ??? Certainly not the $400M plus market cap they hit last fall. That was lunacy!!! Penny Green is not tech savvy so for her to have been in a COO position in a tech company was foolish. Paying an unqualified COO a salary when she was already a founder and largest shareholder was also foolish. Not much has changed since last September as far as the Glancepay app and users. With the cash raised I don't see the valuation being higher than 50 cents per share max. Maybe less. Thoughts?