[thevardanian]

Value comes before an exchange. How can you buy something without an established value? So, yes something can, in fact MUST be worth something before an exchange happens. In this case the company itself has raised $8 million in capital with a worth of $33 million.

Now we don't know the exact nature of the share distribution, but since this is such a lean company I'm willing to wager that the found is still in the vast majority.