So, we've been holding off on this announcement, but I think we're at a place where we can tell everyone.
We've just signed a $375,000 agreement for 7.5% of the company equity. There's still some paperwork to sign, but we should have the cash by the end of July. Which means we're also about to be hiring one or two full time employees. We need someone who will build the frontend, and will preferably work and live in Boston. We might be able to pick up an MIT graduate. I've got a really good feeling as a whole about our investor, he's had several hit investments and is really interested in seeing Sia succeed.
Another thing that's in progress is that we're going to be involved with the MIT Bitcoin project. We haven't met anyone in person yet but we should be meeting with the guys leading the initiative in the next few weeks.
So, on the business front things are looking good.
Can you check my maths?
A $375,000 investment for 7.5% equity values Sia at $5million.
The 1500 Sianotes being sold on Nxt Asset Exchange represent 15% of the company? So the AE market cap at that valuation should be $750,000.
Sianote is currently valued at 4200 NXT * 1500 = 6.3 million NXT = $318,623.
So Sianote is currently selling at 42% its fair value. So.... panic buy?