I found that Phillips name in your notarial ledger.

This is the book value for a share.

So now it's getting interesting.

He kept the books.

That would have been the market value per share.

Hey, guess what?

Let's go look at my records, huh?

When the ledgers are laid open,

And when the Records of Account are laid bare.

when the scrolls shall be unrolled,

And when the Writs shall be lain open,

And when the written pages of deeds (good and bad) of every person shall be laid open

When the records are made public.

and when the scrolls of (men's) deeds shall be unfolded,

And when the pages are laid open,

When the records of deeds are unfolded,

when the scrolls are unrolled,

And when the pages are made public

the records of deeds are made public,

And when the books are spread,

when the records of men's deeds are laid open,

When the scrolls are laid open

They're almost like the U.S. government.

Let's say that the market value we talked before that the book value per share of this company is 5.

He embezzled the money from his office.

How do you know what the company can afford?

So this is interesting.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

So that's fine.

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Nebbs is up to his ears in double entries.

So then the machine is 25,000.

On gone to the church he comes check the paydesk.

So let's see, the book value per share is what?

And it's something interesting here.

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Everything we have is tied up in that motel.

Maybe they had, on the books, there's a property here in

Yes, it does. It's right there in the books. Business is terrible.

And the equity guys would get left over with whatever else.

And now there's 2.5 billion shares to split this equity.

There are many questionable points in this ledger.

And that's why they call it book equity.

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