Post by
jsim082 on Mar 24, 2021 2:13pm
Value of DM
A couple of these value predictions posted recently have been based upon peripheral enterprises - GBCL, Ronin, new acquisitions. If that is where we assess the value in this company, it is worth very little; Ronin is truly not even an entity right now, graph blockchain has something like 1 contract and just in the last day made its first proof of stake, and we know nothing of the large recent acquisition. BUT is that where the value of this company is?
Over the past year we had approximately 7 million in AI revenue from Lotte, 7-eleven, IdEaS, pilots with Incheon and ABL Life insurance, US air force and SeeS (through whom we provided services to Samsung). A couple of these contracts (7-eleven and US air force) didn't actually have numeric values in their news releases, so the total should be more than 7 million. I don't know what multiple we want to apply to revenues for an AI company, but it could be that a market value of up to 140 million could be supported by that 7 million in gross revenue only (is a 20x multiple really that crazy?).
I think that is why people are excited about the upside - our historic accomplishments could be fairly valued at 100 million or so. That says nothing of what is to come, which could be pretty significant given that we clearly have a forward looking team who are making some acquisitions.
It seems that between COVID revenue, warrants and possibly the $10 million buyout of Ronin that we're all expecting since today's GBLC pp announcement, we may have enough funds to get out new enterprises off of the ground. What's also heartening is that we finally have something other than Nexalogy that we can put our COVID revenues into.
It seems to have been a very smart idea to acquire these things through shares so that we can pay for the expesnses of establishing these companies with cash.
Comment by
dirtydzn on Mar 24, 2021 2:28pm
It is important to remember that many contacts have an NDA attached to them and that the numbers should be higher than the 7 million we can see in the PR. Thank you for the reminder to everyone.