I don't give it to my employees.

He didn't want me.

The company shares give a high yield.

You're essentially writing a check to the equity holders of this company, the shareholders of this company, they benefited from all the reward of the last five years of getting the returns on that stock price and the dividends and whatever else.

And that's what?

This guy made 21,000 this year.

So if this company becomes worth a lot.

The state already uses taxes to pay salaries

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

Most people would get more in the monthly dividend than they'd pay in increased prices.

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

That's how many we have right now.

Because we know that the book value per share is 5.

But they come back.

So this is trailing 12 months earnings.

So let's say in 2009 EPS this is A and this is B A is expected to make 2 per share.

Most of it deposited over the last year.

But in this case, you literally just take the price of the stock and you divide it by the earnings per share.

And he essentially valued our old shares at 7.50 per share.

We take 7.5 million from this seed venture capitalist.

One name rang the cherries.

Fifteen one day ... 500 rubles for each that we deliver.

Well let's take a look. Let's take a look at the Great Depression.

Then it became 10 million for two million shares, still 5 per share.

What do I get in return?

And let's say I've borrowed this guy's.

I could've actually issued bank notes, same idea.

And in this video what I want to do is close the loop and see how this relates to what we talked about in the first video, in terms of price per share.

And just to kind of tie it a little bit with what we did in the first video, if we have a million shares, the book value of the equity is 5 million, so if we say the book value per share is just going to be this number divided by the million shares I have.

I know. It's my greatest fear.

It's fine. Really.

Divided by 10,000 shares is 2.10 per share.

And let's say that it's 2008 earnings.

These should be at equal size, and now the NAV per share is going to be 1,800 divided by 10, or 180.

He was really worried.

Right?

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

The questionnaire form was distributed properly.

This was a lot of jack.

Second round we got 7.50 per share.

I il let you think about how much luggage that is.

He thinks I'm in it for the money.

It's the idea that agreement to join a study without understanding isn't agreement.

That guy got hit in the balls.

Mary is such a worrywart.