So I'll pay 2 per share, which is a little bit of premium over the market value at the time, which was 1.

And these are the same people now, they're very adamant, that says, oh don't believe the market price.

Because you can think about what's happening.

So we have to be careful.

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

I think that's what I wanted a write here, market value of equity.

So you won't properly price and risk in the future.

So let's call that market equity.

So that's fine.

I'm just making up numbers.

It's the best price that someone's willing to give you for something.

So maybe I have a a billion of these CDOs.

Anyway, fair enough.

He sells that share and he gets 100 for it.

So 5 million divided by 1 million is 5.

I'm going to make money that I otherwise wouldn't have made.

If you lose your faith in me,please keep your faith in people.

Our price is considerably higher than the current market price.

And if you think about it, it's a very communist way of thinking.

And this calculation, this multiplication of market price per share times the number of shares this is called the market cap

So the first one I'd like to parce is the idea of market value.

And with that, there's gonna be some electricity and stuff, we won't count all of it..you can produce some cotton. Just the plant cotton. Some raw cotton.

Trust image dates

let's say that they are traded in some market.

So I'm willing to give you 1 billion for those CDOs.

And this is very relevant to what's going on in the world today.

This guy needs money.

You're going to another place. A nice new city built especially for prawns.

So using FrontlineSMS they were able to group people into different categories and these people included farmers, who might want to know the coffee prices in different markets,

The troll market! The troll market?

How do we stop people who've behaved badly in one community doing so under a different guise?

So what's leftover?

The market drop has cleaned me out.

But let's parcel it a little bit more, cause these terms can be interesting.

In Ethiopia, there's never been a keyboard.

It's a new social currency, so to speak, that could become as powerful as our credit rating.

It's very simple. It's cost plus markup.

And what we'll do in future videos is we'll actually explore situations in which that does happen.

Here, what multiple are we paying?

So I don't buy it on two counts.

I'm going to talk about two stories today.

With this price, your product would not be competitive in the Japanese market.

So in summary, the questions you want to ask are how big can this be, how much of it can we get, what's the growth rate of the market, is the market itself declining or is it in flux or is it taking off? and most importantly here is talk to customers and the sales channel, and next important is you can get some pretty good market size estimates by competitive approximation if it's an existing or resegmented market, or even if we're going to clone a market outside the US.

And then finally you have the ratings agencies.

And that tells you that the book value per share is 4.