The main goal of the company is to finance the creation and promotion of the Gem4me application in the world, the ultimate goal is to sell the application and distribute income among shareholders in accordance with the share packages. To speed up negotiations with potential buyers, it is planned to regularly evaluate the application by independent audit companies, including companies from BIG-4.
The first evaluation of the Gem4me application was conducted by the audit company Camilleri Spiteri Advisory Services Ltd (Malta). As of March-April 2017, when the evaluation procedure was started, the application had Seychelles jurisdiction and about 2 million customers. Given these decreasing factors, the application was estimated at € 41,100,000 (about $ 47.1 million). At the same time, the report shows that the average cost of the client's messenger on the market is about $ 71. The transition to the Maltese jurisdiction, the completion of the application development and the growth of the number of clients allow counting on a multiple increase in appraisal by independent auditors.
The second evaluation of the Gem4me application was conducted in September of 2017 by the independent SIA DOMA AUDITS (Latvia) audit company. The amount of users of the application was at 3 055 043 as of September 2017. The appraised value of the messenger has almost doubled compared to the first evaluation and has totaled $86,7 million.
The third evaluation of the Gem4me application was conducted by SIA DOMA AUDITS (Latvia) in June of 2018. As of June of 2018, the amount of users of the Gem4me messenger was 5 391 293. Consequently, the messenger grew practically twice in value compared to the second evaluation, which was conducted in September of 2017 and is currently worth $156,94 million.
The fourth valuation of Gem4me application was conducted in May of 2019 by the independent SIA DOMA AUDITS (Latvia) auditing company. Based on the data as of May of 2019 the amount of users of the Gem4me messenger was 8 239 012. The assessed value of the messenger totaled $263 236 433 as of May 22 of 2019.