RE: Admix $300m vs Bidstack £25m22 Jun 2022 14:23
i'll temporarily de-filter you for this particular spat. I'm not surprised given the amount you derise your own investment in BIDS (still holding I guess) that you are one-sidedly challenging the rationale that Admix is worth more than Landvault. From reading up on Landvault this morning they don't generate revenue at this point in time, what they do do is flesh out space 'in the metaverse' which Admix will now seek to monetise. At this juncture, I would wager Admix are bringing a lot more to the table to make the joint company a success. Either way, the new 'entity' (run entirely by Admix employees + led by the Admix CEO) are valued at $300m. 10x more than BIDS are currently worth. I was cautious before about placing BIDS at 50% of the old Admix's value. I think it's closer to 2/3rds and at say 80% of the $300m this woud give a value to BIDS of approximately £129m = so still 5x of the current value.
Anyone else have any rationalised views here?