Beyond, Inc. (BYON)

[hock1]

Bigtoker. Look at it this way:

First, Overstock (the corporation) now consists of:

1) The e-commerce business, i.e. online retailing and,

2) Medici, which owns 81% of tZero, 38%of Bitt and minor positions in 5-6 other blockchain-related companies.

Byrne has indicated that the e-commerce business will be sold to a "brick and mortar". Mostly likely, the cash, or stock in the acquiring company, will be distributed to existing Overstock shareholders (stock would be preferable, as it would not force a taxable event on shareholders). I estimate the value of this transaction to be in the $50+ range. What then remains of Overstock, the corporation, is a pure blockchain company, consisting of 2), above.

The value of the surviving blockchain company is anyone's guess. However, Byrne has indicated that the $250M ICO will reduce Overstock's ownership from 81% to about 50%. So, this implies that tZero is being valued at around $800M (or, around $30 per Overstock share). What the value of the remaining Medici investments is is to be determined by the market. With all the hoopla about blockchain now happening, and the fact that Medici has a few year head-start on competitors, the value of the surviving company could be substantially more.

The above is AIMO. Hope this helps.