RE: EFC 10515 Jul 2023 17:16
City, in my view I think the mcap is irrelevant in the short term here. It may well go up once a few more people twig to the relationship between rising revenues and the NFT drops but I doubt it’s of any real concern to anyone at MOS (except for options). MOS expanded into digital art, sold out drops for F1 and Gabby Lopez immediately, picked up Cadiz fan tokens, and signed a deal with a multibillion pounds crypto exchange. None of this moved the SP which means either none of that has any value (clearly not true) or there’s a mismatch between the market and the company’s value.
The real prize here is the valuation that any potential buyer will put on the company. The platform, the data, the existing market reach and penetration, the existing and future contracts, the Heroes NFT Club brand. People really need to ask themselves why Bitso would want to partner with a 10 mill mcap firm under an exclusivity deal and throw a launch party for it.
That Krunch acquisition Guzzler is always knocking the BOD for may be the most valuable thing the company has ever done.