Wednesday, January 22, 2020 10:13:30 AM
Actually, I'm not exactly sure what would be the value of PNNX if they had 1,300,000 customers.
However, a similar company in Argentina (called Ualá) that we here within the forum have been comparing to PNNX has 1.3 Million customers and was given a value of somewhere between $850,000,000 to over $1,000,000,000. What's key to note was that this huge billion dollar valuation was given to them by Tencent and SoftBank’s Latin America-focused Innovation Fund:
https://filmandtv.com/se-EN/title/argentina-s-uala-valued-near-1-billion-in-new-financing-round-1911270134
https://www.facebook.com/579840665364797/posts/japanese-conglomerate-softbank-group-corp-and-chinese-giant-tencent-are-lead-inv/3024602464221926/
Tencent is a 312.7 billion CNY company that equates to being a $45,283,400,340 company is US dollars:
https://www.google.com/search?q=Tencent&rlz=1C1CHBD_enUS840US840&oq=Tencent&aqs=chrome..69i57j69i60l2&sourceid=chrome&ie=UTF-8
https://www.google.com/search?q=312.7+billion+CNY&rlz=1C1CHBD_enUS840US840&oq=312.7%C2%A0billion+CNY&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8
SoftBank is a $112.4 Billion company in US dollars:
https://www.forbes.com/companies/softbank/#71dd6b566cf8
This is important to note because if they are instrumental for giving Ualá a billion dollar valuation, then it is very likely that they know what they are valuating and should be considered valid.
In my opinion, such leans more credence to understanding why the CEO of PNNX believes that PNNX could be a billion dollar company within the video in the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153291599
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128822531
I never give investing advice; only my beliefs for risks in a stock.
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