I like to use a *very* conservative but simple calculation to estimate the value of a company...5 x annual revenue. Is the $38M guesstimate a quarterly or annual figure?
5 x 38M = $190M, the same figure that got you to the $.083 valuation.
This calculation also doesn't necessarily work well for rapidly growing companies, so I believe our actual valuation is higher than $.083.
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." -- Thomas Jefferson