Innovative Payment Solutions Inc (IPSI)

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how are evaluating qpag's value of viviholdings as they don't currently trade:

The consideration for the sale of Qpagos Corporation consists of 2,250,000 shares of common stock of Vivi Holdings, of which nine percent (9%) will be allocated to the following designees, Gaston Pereira (5%), Andrey Novikov (2.5%), Joseph Abrams (1.5%).

Vivi Holdings’ common stock is registered under the Securities Exchange Act of 1934, as amended, and there is currently no trading market for its shares. Vivi Holdings has agreed in the SPA to provide the Company with piggy-back registration rights with respect to 1,000,000 of the shares of its common stock issuable under the SPA. The transaction contemplated by the SPA is subject to customary conditions, including the Company’s receipt of a fairness opinion from an independent valuation firm and the approval of the Company’s shareholders.