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Valuation?


cornishteddyboy

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I see that the BBC is saying that the Pirates/Truro City beat their investment target raising over £400,000 from some 500 people worldwide.

The original target was £350,000 which is equal to 6% of the Company or £58,000 plus per 1%. 

If you multiply this up they are valuing the Company at £5.833million. 

Is that the complete valuation with the property thrown in or just the long term budget for running the set up hoping to raise a profit for those investors?

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16 hours ago, cornishteddyboy said:

I see that the BBC is saying that the Pirates/Truro City beat their investment target raising over £400,000 from some 500 people worldwide.

The original target was £350,000 which is equal to 6% of the Company or £58,000 plus per 1%. 

If you multiply this up they are valuing the Company at £5.833million. 

Is that the complete valuation with the property thrown in or just the long term budget for running the set up hoping to raise a profit for those investors?

Wow!  If you don't ask, you don't get I suppose!

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