Signature Devices Inc. (SDVI)

[FrankF]

SDVI possible $45,613,287 valuation of GNUS joint venture alone...


assuming 2018 PR (pinned by SDVI just two months ago https://www.facebook.com/SignatureDevices ) still reflects the "terms of the deal."


From that 2018 PR -- "The agreement terms are as follows: Signature Devices, Inc. will receive 20% of the initial supply of CryptoCurrency as an asset to the company. Genius Ventures will retain another 20% of the initial supply." https://www.globenewswire.com/en/news-release/2018/01/18/1296209/0/en/Signature-Devices-Announces-Joint-Venture-with-Genius-Ventures-to-launch-an-Artificial-Intelligence-CryptoCurrency-for-GPU-Media-Devices.html?fbclid=IwAR3lxD7f3olP13QosSelI6o-ttSB5lS7OuV1I7PmLbc5ZYHRS6E1SKy9Iaw






Now think.



20% (for SDVI) . . . plus another 20% (for GNUS) . . . would leave 60% of tokens unaccounted for, right?



GNUS has this at their website.

https://www.gnus.ai/





Notice the only place a percent sign (%) is used, it mentions "59%".



Awful close to 60%, don't you think?



This is what it would say if SDVI was still receiving "20% of the tokens as an asset to the company." (Which is why after GNUS gets their 20% [like SDVI got their 20%], we have 59% remaining, plus 1% for who knows what.)




Now the question is, what would 20% be WORTH?



Well, since GNUS token value is known in terms of "how many tokens per" ETH (Ethereum @$3,450 as of this writing), we can affix a an estimate to the value of each GNUS token.



And since the 59% of tokens comes out to 29,252,000 of them (per GNUS website), we can know how many GNUS tokens SDVI's 20% represents.



Then all we have to do is multiply how much each GNUS token is worth, by how many of them 20% represents, and walla -- we can affix a dollar amount to what this joint venture might be worth to SDVI. As an asset to the company, it will reflect on future balance sheets. (Subject to change per the price of ETH, which changes a lot.)



Are you ready?



somebody correct me if my math is off



29,252,000 is "59%" of 49,579,661 total GNUS tokens in existence.



SDVI gets 20% -- which is 9,915,932 GNUS tokens as an asset to SDVI (to show on future balance sheets).




But approximately how much is each of these tokens worth? . . . (at least as currently perceived by NASDAQ company GNUS)?



According to GNUS website, the ratio varies between 512 and 1,000 GNUS tokens you can get for every ETH you trade for them, depending on the date by which you act. Seems 512 would be perceived as the real value and 1,000 a discount meant to attract new buyers. For the sake of simplicity, LETS SPLIT THE DIFFERENCE and call it 750.



As of this writing ETH is $3,450 per coin.



$3,450 divided by 750 GNUS tokens = $4.60 per GNUS token.




$4.60 per token . . . times 9,915,932 GNUS tokens it seems SDVI still has . . . EQUALS $45,613,287.




Not saying for sure.

But am saying it seems LIKELY the deal is still in place.

Otherwise, why would SDVI have posted August 22, 2021 about this exact deal? (See pinned post at https://www.facebook.com/SignatureDevices)

And why would GNUS website https://www.gnus.ai/ mention "59%" of tokens are for sale? The natural question is, "What about the other 41%?" Oh yeah, the 2018 PR SDVI tweeted about on August 22 TELLS US! 20% to GNUS, 20% to SDVI! (1% I have no clue.)






IMHO