First of all, this might be the biggest overvaluation in the history of all valuations I've ever seen. The site hardly gets any traffic whatsoever and the little action there is, is freeroll action. Letsbehonestfor1second.
OP even blatantly lies in the post above where he says:
And you're basing your valuation on what revenue and profitability numbers?
For over 2 months we have been averaging between 2.5 and 4 btc per day in rake and tournament fees. With this investment we can purchase superior software and grow to become a top5 pokersite.
-The site has a Bad-beat-jackpot counter that has barely moved since the sites inceptions, its only +1.4 bitcoins. (10bitcoin manually added day1) How can that be with up to 4bitcoin in rake&fees a day? Please explain. This just appears like another lie/halftruth I've come across by you guys.
Also the timing is very peculiar, as it is well-know that a large poker project is announcing its presence with a Beta in a few weeks.. Are you guys aware? the timing might definitely suggest so... Not only that, Seals is also planning a new software release in a couple months... Maybe that would be relevant to mention to your investors??
If you wish to use the math, then please apply it correctly before accusing me of lying. The bad beat jackpot only accounts for the table which have the tag [jackpot] on cash game holdem tables of NL20 and higher. Omaha, O8, Stud, Stud hi/lo, holdem cashgames of NL10 and lower and tables without the tag [jackpot] are not contributing to the bad beat jackpot.
Also the tournament fees are not contributing to this pot. You use a figure as measurement which can't give you any certain statistic at all. Since 2012 there are various 'big poker projects' about to launch. We chose to do this IPO now as we believe now is the right time to do it. It will give us the time for the preparation to the new software client and get our tech team together to work on it, before it's released in December. I wish to combine this with my vision to create the first community owned pokersite ever and I would need at least a month to get all the software in place, plus a talented coder.