Recent Events
The price of ether has increased from $309.18 as of 10:15:05 UTC on October 31, 2017, to $448.30, as of 10:55:05 UTC on December 8, 2017. GBV’s management forecasted financials on which Roth relied are based on an ether price of $310.00. The price of bitcoin has increased from $6,126.39 as of 00:00:00 UTC on October 31, 2017, to $17,021.01, as of 00:00:00 UTC on December 8, 2017. GBV’s management forecasted financials on which Roth relied are based on a Bitcoin price of $5,934.11.
Based on the prices of ether and bitcoin as of December 8, 2017, as set forth above, the Discounted Cash Flow analysis would have an implied Enterprise Value for GBV of between $2.7 billion to $5.0 billion.