Now what's our mantra of this day and age I wonder?

And the equity holders get wiped out, the old equity holders.

I think that's 10 shares. Well that's my intention.

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

Our liabilities are still 3 billion.

So if we believe all of these numbers, and we know that

And I think this is very obvious to you, but let me write that down.

It's actually horrible.

He'll be impaired a little bit.

Stock Chart

If you believe all of the numbers on the company's balance sheet, the company is worth 3 billion.

But, actually, it's suddenly come to me after years working in the business, that what we create in advertising, which is intangible value you might call it perceived value, you might call it badge value, subjective value, intangible value of some kind gets rather a bad rap.

So this is this 3 billion of equity divided by the number of shares.

The Dow Jones average posted a gain of two points today.

So what you do is you multiply these numbers to figure out, what is the market value or the market capitalization of the company?

I'd like to know...

How did the stock offering go?

No protection.

So we lost 1 billion of our book value.

It has 500 million shares.

Manhattan that they bought 50 years ago that they have it on the books for 0.50.

The government is essentially writing a 2 billion check to the equity holders of this company.

And the equity's 1 million, because there's no debt, so all of the assets are held by the equity holders.

And I have a publicly traded price, so on any given day,

This is the book value for a share.

So let me switch colors just to ease the monotony.

It's classic pump and dump.

She was cheated into buying worthless stock.

So that means if all of these numbers are correct, then the stock of that company is worth 6.00 per share.

Inherently, when you're talking about value, you have to take the price per share and you multiply it times the number of shares.

They've never made money.

Stocks fell hard.

Stock prices dropped.

Stock prices fell quickly.

Stock prices fell sharply.

Shares of md are up almost 12

By applying the same price to earnings, we're saying that the market value of this equity is 210,000, while the market value of this equity is what was it? 189,000.

But what's the situation where, let's say that on that day of trading, the share price is that 3.00 per share.

Democracy is the only game in town.

So another way to think about it, in exchange of him putting 400 into this corporation, he gets 4 shares, or each share is worth 100.

And the way you get that is, they're saying 3 a share and there are half a billion shares.

The stock, which was valued. at 1½, now has a par value of over 9 a share.

It's the split of just the equity part right over here

Well, what's the market cap?

Maybe it's the Nasdaq or the New York Stock Exchange or some other exchange