Well, to shed some light, a CEO cannot just make up a valuation and expect a VC/PE or Capital Markets at an IB to fund a start up for $200 million.
You have to start with an audited pre-money valuation and end up with a post-money valuation.
Not too many VCs or PEs will 1st round $200 million on a start up, especially in an OTC Shell.
A company like Merrill will toss this down to sister US Trust to the Wealth Management Division, and nobody in their right mind would even consider it. Developers would do it themselves, they don't need penny stock operators.
I can promise you, when I was in CM and at a VC, your Bplan which your friend could not afford to prepare a professional one, would be in the circular file before I opened it.
Secondly, dear spouse is a CFO at a PE managing...none of anyone's biz...and plans hit the circular file before dear spouse even has time to determine valuation.
I worked in CM in IB as well as equities trading for two of the top 10 financial institutions on the planet, and I would not even open his mail.
I got 200 of this crap daily, I didn't have time for this chit.
How is that light shed.
Today, I just people watch. I like to jump on airplanes, It is more entertaining. Actually, I just got back from HNL the other day, and I will be on a jet plane Sunday. I get bored and I like to travel.