IDGI - Bdarmy, I would strongly disagree with your post and IMO so would the accepted investment standards of Wall Street and the U.S.A as well.
The reason we as an investment society have filings and corporate statuses, profit and loss sheets available to the public, is so a valuation of a public traded company can be viewed by all investors, both big and small alike.
Those open to the public documents are commonly used and accepted as the legal means used to give such valuation to a public company. Along with credit and bond ratings if the later is applicable.
So when the valuation is 0 and with huge debt as we currently have with Inca, IDGI. Than that is what it is per the Sec filings. One can not argue with those current facts. As an investor, I would encourage other investors to read such public documents first hand so they know what they say, verse second information passed on through other means.
The fact that a company may spend $1.00 or $1,000,000.00 on a event has no bearing on that current valuation.
One would hope that the money spent will bring in future sales and thus cause the FUTURE valuation of said company to improve.
Further more, when a company does an IPO, the above mentioned documents are used along with accepted legal projections, to give the first share price to said new issue stock.
Having said that, what would Inca IPO for today, with it's current status and filings? About .0001 to .001 IMO.
So no, my evaluation of the share price of IDGI IMO is aligned with common Wall Street SOP.
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