It's worth 5 million.

And of course the pre money valuation is just you just take the pre money valuation plus the amount of cash they're giving us.

Our liabilities are still 3 billion.

We said before any of this stuff on the top existed, the pre money valuation of just our idea was 5 million.

If what we had before is worth 5 million and there were a million shares initially, then the pre money valuation

So it's a very different scenario depending on what our pre money valuation is.

But this matters a lot, right?

And since we want to know what this is worth this is before we got any kind of money from investors this would be called a pre money valuation.

We essentially sold them at 10 a share.

So no matter what I do, between the pre money and the post money valuation, my per share value doesn't change any.

So once again we get into this what is the company worth right now?

So 107.84, or 107.84.

That's what we started off with.

So what is the value per share?

And so after that offering, well, our pre money valuation was 30 million and our post money is now 40 million.

In the private sector, when you squeeze that kind of additional value out of a fixed cost investment, it's called a billion dollar company.

So the combined assets, if you believe that this is worth 5 million, is now 10 million, right?

So I asked the Minister over dinner,

So going back to what we were talking about, what is the post money valuation?

Or essentially, one way to view it, is actually to say, well, what am I worth?

And you take out the liabilities, this is what the assets are worth according to the accountants.

Is that something that you are still invested in, that you still believe in the notion of investment?

When you take some of your assets and you get the value of the assets that you think they're worth and you pay off some liabilities, it doesn't change the value of your equity.

But the market value or assets is essentially, what is the market saying the assets are worth?

The amount of money you get.

End this threat once and for all

No industry. No capital. Money is worthless.

So over here, let's say you did it right at the beginning of the year, the asset's worth 500,000.

A book worth reading is worth reading twice.

If a thing is worth doing it is worth doing badly.

It is.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

levels of debt, will probably lose some money.

Worth fighting for.

you have to buy this back from me at the NAV (net asset value) per share.

But before and after this round, that angel said oh, your shares are worth about 5 per share.

So I'm as risk free as the federal government.

So the balance sheet is really trying to capture what your asset is worth at that point in time.

And there's only 10 shares. So they're valuing the assets at 500,000. And this is of course the market value of the assets.

It was worth a try.

It's worth the stretch.

That's worth a shot.

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

What's the lifetime?

Whatever is worth doing at all, is worth doing well.