So that's fine.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

This is the book value for a share.

That would have been the market value per share.

So let's see, the book value per share is what?

So if we believe these numbers, if we believe the books, the book value of the shares is about 3.02 per share.

So each of those shares is one 500 millionth of this equity.

So let's say if this was on our books.

And it's something interesting here.

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

And now there's 2.5 billion shares to split this equity.

They're able to do more with whatever assets we give them.

And let's say that there are 100 million shares.

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

And that's interesting.

So, let's see, you're doing 8.4 million divided by 2.78 million shares.

We have 3 billion in loans.

So what is happening here?

Let's say that the market value we talked before that the book value per share of this company is 5.

Then the number that pops out on the equity side, that is a book value of your equity.

And book equity per share, or the book value per share of 6.00.

And that's split amongst 500 million shares.

So this is interesting.

I found that Phillips name in your notarial ledger.

But just for the sake of simplicity, I've just made all the banks in the situation where the book value of the

If this is the market value so let's say this is the stock price, or the market stock price I'd be skeptical of paying two times the book value.

He kept the books.

Hey, guess what?

Let's go look at my records, huh?

But let's just say that this company has 2.7 looks like 2.78 million shares.

So I essentially had to write down those assets and then sell them and turn them into cash.

And so the market is saying that the equity, this piece right here, is closer to seven million, even though the books are saying that this number right here is above eight million.

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

So now it's getting interesting.

That's something like eight percent of the total agricultural output globally.

When the ledgers are laid open,

And when the Records of Account are laid bare.

when the scrolls shall be unrolled,

And when the Writs shall be lain open,

And when the written pages of deeds (good and bad) of every person shall be laid open

When the records are made public.

and when the scrolls of (men's) deeds shall be unfolded,

And when the pages are laid open,

When the records of deeds are unfolded,

when the scrolls are unrolled,