I should probably mention you did not account for the underlying assets in that valuation.
I make all my financials available in the third post of my thread & I try to stay as current as possible.
I make all my financials available in the third post of my thread & I try to stay as current as possible.
Assets are useless in 1x annual revenue valuation..
If you just take the assets from the 3rd post of your thread, though it's confusing:
Cash: 4027.63CAD or 333.41 BTC
Trust: 4BTC
BTC: 124 (Total funds raised: 503.7 BTC - 375BTC converted to CAN and -4 BTC trust)
Hardware: nothing
Total: 461.41BTC
Total: 0.078BTC per share, not that far from 0.05BTC valuation with 1x yearly revenue.
It was usagi that brought you into the picture, personally I don't care about mining operations.
The trust is paid out of my own pocket. So that would not deduct from the funds raised.
"Total: 0.078BTC per share, not that far from 0.05BTC valuation with 1x yearly revenue."
.078 is what, roughly 50% bigger, than .05 - isn't that "not far from" type of accounting what got the mob after Usagi here?
Usagi may have brought me into it, but if you are going to make a comment, please do so intelligently and after actually reading the BAKEWELL thread.
You have made many assumptions in those posts that are easily corrected / would not have been made, if the poster actually had knowledge of my asset.
tldr; When in doubt, do not use others in a poor example.