That sounds about right to me. Any insight on how it/they managed to get 100 million in funding? What do all the people sending money think "DAO" is or does?
It says "107.21 M USD EQUIVALENT" without any evidence. I highly doubt that amount is legitimate.
Or they may be laundering money as well, I wouldn't spend too much time thinking on this.
It's done by taking the amount of Ether it has already raised * the current price of Ether. See it transparently on the Ethereum blockchain: http://etherscan.io/token/TheDAO
So yes, not $100M at all. The market for Ether is about as liquid as that for my own imaginary currency.