We knew merger was the most likely near-term event, but not the target.
While the leadership of Britepool is top tier, it signals a move away from crypto/blockchain as primary (i.e., when Lou was on board) and towards a heavy ad tech play (i.e., ad guys running the show).
It's a post-cookies ad tech play, and sure that's fine and all, but just not sure this stock makes sense anymore given the cap structure. Has felt that the crypto/blockchain focus was driving FPVD price and prior runs, and as that's most likely now a secondary (or tertiary) piece now, it's worth a rethink on position.
Need to understand whether they're still considering issuing their own token and leveraging Brock Pierce and collective team's network to drive traction. Without that, would take a flyer at a $10-15M enterprise valuation (i.e., most insiders valuation cap per filings), not the current 100x valuation of that at current levels/cap structure.
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