So essentially, whoever lent Loan C, all of these shares are now their shares.

You could maybe think of some other way, and we'll talk about other forms of equity, preferred stock and all of that.

I think they're CFC.

SCOTT Inc.'s stocks are blue chip stocks.

It's actually horrible.

And then what's left over, which is essentially so this is 2 million of equity, and then you'd have 2 million of equity here this 2 million of new equity, right?

These guys get a million.

So here are the five investors,

let's say this is a publicly traded company.

So I have to make it look, or at least the broker is going to force me to make it look like this guy still owns the share.

So let's say another six months go by.

The sell side are the people who do analysis and say, hey due to my analysis isn't this a good stock?

They're saying it's worth 5 million.

I think I originally set in the original video that we have 500 million shares.

We talked in the first video when we started this series about how different companies have different numbers of shares.

goodness.

Sometimes called the market cap.

Well, what's the market cap?

He's a stockbroker.

let me draw the shares, so there is one, two, three, four, five shares.

The book value is 6.00, but the market saying no, no, no, we are willing to pay 12.00 per share for one of those shares.

And all of that's great, and it's fine.

let's say you owe 800,000 on your loan.

Let's say that both Ben's Shoes and Jason's Shoes are publicly traded companies

And they can say like, this VC can say oh, you know what?

Anonymous functions are expressions.

And then, when the stock starts to move up they get scared and they buy it, and it causes the stock to move up even more.

Because these shares that you're selling, they're not traded on a public exchange

So what they do is they just take your earnings number and you divide by the number of shares.

They've never made money.

So how may shares are there?

They probably took some fees or sold the loans for slightly more than they issued the loans for.

But you're like, no I want to sell them.

But what I want to do in this video is make it a little bit more tangible, to really understand exactly what you're buying when you buy a share of stock.

And equity securities you're probably familiar with.

It is a customary contraction like our

'Company.' It is a customary contraction like our

And it's something interesting here.

When they assign a 120,000 market cap there...

What happens in a closed end fund is that all of the investors are essentially

So... what do we need to make this work?

And we have some cash, we have 5 million in cash.

So something interesting here, and some people often talk about the notion of dilution, right?

So this is my liabilities.

If I had to ask you, In 2005 what was the best performing stock market or stock exchange in the world? Would Egypt come to mind?