and that was only a quarter of the revenues of Local.com in 2012, but the market-cap of this lousy combined company had the 2.8-fold market-cap. The result of a multiplication of 4 and 2.8 = 11-fold overvalue of Quepasa.
Revenue in Q4/2011 of Quepasa: Quepasa revenue for the fourth quarter, which included the benefit of just over seven weeks of contributions from myYearbook, was $6.3 million. Combined revenues for the full 4Q revenue was $9.8 million.
Revenue in Q4/2011 of Local.com: Record fourth quarter 2011 revenue of $25.5 million represents an increase of 22% over third quarter 2011 revenue of $20.9 million and a 27% increase over fourth quarter 2010 revenues of $20.1 million.