And maybe I should do a whole video on what sell side means, but since I said the word I'll tell you right now.

The amount of money you get.

You just need to ask what are core services that are part of your value proposition.

All the bankers said to their clients,

Investment

They write these research reports because they want to go to institutional investors or people who have their brokerage accounts with these banks, and essentially sell them stock.

Malibu Equity and Investments.

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

Arthur frobisher told his employees to invest in the company and then sold his own stock.

I'm going to bundle them all together and sell them to this investment bank.

And then they give the mortgage to the investment banker, which packages them up and then sells them to investors.

He valued what we already had at 5 million dollars.

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

I like that, too. Anyway, I know Chris told us not to do pitches up here, but since I have all of your attention

For Principal Fuentes, PS 24's modest investment in the programs has paid big dividends.

What is a long just a regular investor or I guess you could call them a trader since they're buying and selling a regular trader would make money by buying here and selling here.

Malibu Equity and Investments. Roger Van Zant.

Arthur Frobisher told his employees to invest in the company and then sold his own stock.

And I'll show you why that matters in a second.

Big investors.

Investment in what?

Now, who are they accountable to?

These kinds of things play out in lots of bad ways in humans.

And then this syndicate of banks, led by the lead underwriter, will then sell it to their brokerage clients.

A retail merchant buys wholesale and sells retail.

Let me put that.

Just Manic Enough.

Consider it a capital investment.

I want investment.

So really a regular trader is not any different.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

And this is the important thing.

I just took the total NAV and I divided it by the shares.

So you can imagine, this is the actual amount of cash that

This is the total actual value.

Now how does that work out?

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

I had a conversation with one of the investment bankers who, at the time when you basically sold Virgin Records and invested heavily in Virgin Atlantic, and his view was that you were trading, you know, the world's fourth biggest record company for the twenty fifth biggest airline and that you were out of your mind.

Those are the people who are actually managing money and deciding what they want to invest the money in.

And so with patient capital from Acumen and other organizations,

By the way before we go forward, this is one point I want to mention.

EBlT in this case would be the operating profit plus this investment income.