The main objective of the fund is to finance the creation and promotion of the Gem4me application in the world, while the final goal is the sale of the application and profit distribution amongst the shareholders in accordance to the packages of shares owned. It is planned to conduct appraisals of the application by independent audit companies, including companies from the BIG 4, regularly in order to accelerate negotiations with potential buyers.
The first appraisal of the Gem4me application was done by the Camilleri Spiteri Advisory Services Ltd. audit company (Malta). The application was in jurisdiction of Seychelles and had about 2 million of users at the time of the evaluation in March-April of 2017. Given these reducing factors, the application was appraised at €42,373,346 (about $47.5 million). Furthermore, it was noted in the report that the average price per one user of a messenger on the market is around $71. The transfer to Maltese jurisdiction, completion of the applications’ development and increase in the number of users allows to expect multiple growth of the applications’ evaluation amount by independent auditors.