13-14M shares in the virgin shell valued at $0.25 apiece. That what will still belong to $BCAP after liquidity is raised. Add to that just under $300k net assets already on the balance sheet. The valuations are all in PR's and filings -- whether people choose to read them of not.
For now that valuation is still implied -- until the first shares are sold and market price established. Once the virgin shells S-1 is complete, the virgin shell will become an asset on $BCAP's balance sheet.
All $BCAP's draft audit docs will finish being delivered this week -- for the audit that some claim can't / won't happen :-D
You have not done proper DD if you think BCAP has no valuation! You are wrong. This company is building its business each and every day and nobody will be able to stop its success, nobody.