Hey man, I've actually done a DCF on BaB, and I can assure you it's 'tokens' are worth at minimum .001 btc per token even assuming no growth over the next 5 years.
Hey man, I do DCF for a living, but haven't bothered here for a couple of important reasons. First, OP has arbitrary control over 'expenses' and a whimsical dividend policy. Reality is that for these 'securities' the 'dividends' are going to be whatever OP pulls out of his ass that week, or that month. Speaking of, he's also likely to arbitrarily buy back the 'tokens' at a price of his own choosing. Wherefore your terminal value then?!? He doesn't get them listed, or sees that they only trade on Bustabit, and then buys them back at a price of his own choosing. Sound like fun? Run that through a DCF and see what it gets you.
And his argument for not tapping moneypot's bankroll just doesn't sound right. He could tap MP's roll, while still also investing in his own action I would think. In fact he could have a very flexible exposure to his action, or the action across entire MP app universe.
Anyway, CAGR of MP's bankroll' returns has been well over triple digits for months. It would take something pretty compelling to make me look elsewhere. If Bustabit had an investable bankroll I'd definitely be looking closely.
**Sorry if I came off indignant wormat22. This deal doesn't look reasonable to me. And your post (quoted above) sounds like something Kramer would say on some cheesy Saturday morning show.
