Business
Digital Asset Monetary Network’s Equity Portfolio Surpasses Its Total Market Value
Digital Asset Monetary Network’s Equity Portfolio Surpasses Its Total Market Value.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\nNEW YORK, March 06, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (PAI), announced today, that upon the completion of a comparative valuation analysis, the Company has determined that DigitalAMN’s equity portfolio value is greater than its total market cap – indicating that there might be a possible market disconnect.\n Ajene Watson, CEO of Digital Asset Monetary Network, stated, “We recently completed a comparative valuation analysis of our investment in the equity crowdfunding portal operator, TruCrowd, Inc (“TruCrowd”). At the conclusion of our valuation, we determined that our investment had grown an estimated 15x; having a significant impact on our equity-portfolio value. The increased value of just this single investment alone, pushes the value of our equity-portfolio beyond the value of our market cap.” “Our average market cap year-to-date has been approximately $3.15M. We have determined that the current value of our total interest in TruCrowd is roughly $3.6M. This means that the value of our equity portfolio, even in just evaluating this single investment, has surpassed our market cap.” [See: SWEET! – So What Does It Mean?] “We believe there is a fundamental disconnect within the marketplace. Perhaps, a lack of understanding of our business model and growth potential, has weighed heavily on shareholder confidence and general market interest. Ultimately, we believe that this will change, as we have begun actively taking steps to correct the matter.” Management has reported that it believes other DigitalAMN portfolio companies, which were not included in the comparative analysis, have also increased in value. However, closer attention was initially given to TruCrowd (which is estimated to have grown approximately 3000% in enterprise value, since becoming part of DigitalAMN’s PAI program), due to the role it plays in DigitalAMN’s business model. Management believes that TruCrowd will continue to experience further growth in 2019. This could largely be spurred by the number of startup and development stage companies that DigitalAMN anticipates onboarding into the PAI ecosystem during the same period. Watson continued, “In 2019, our focus ...