[...]
the current offers reflect a projected initial market cap of 15 - 30 million $.
[...]
This estimate is conservative.
he is right, from the deals that have been done the last days marketcap at the moment sits between 18m and maybe 25m
bids as low as 100Gi/BTC got filled
1BTC per 100GI seems OK, but as said rather conservative.
I expect it to be the lower bound if the tangle-technology works (which it seems).
Insofar he's not right because he thinks(*) it's far overpriced.
*Actually he admittedly just says it because he's trying to get cheap tokens.