IMHO there is no way Ray sells the company for 12 million.
Value of intellectual property, clients coming on board.
If we were two months ago with no clients and technology had not been proven and tested. And if they were "current status" then the shareprice would be .01 to .02.
Today, with tested and proven technology, "current status" days away, and a client on the hook. This is worth much much higher...