The shareholder's meeting was held.

Another way to think about it is, if the market is paying 12 million per share, what's the market cap of the company?

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

And then each of these guys would get 5.00.

And the equity holders get wiped out, the old equity holders.

So if this company becomes worth a lot.

The other way is you can borrow money from people.

So we just pick an arbitrary number.

And maybe this guy's even growing faster, so maybe they're being conservative by only giving this guy a 10 price to earnings.

SCOTT Inc.'s stocks are blue chip stocks.

It's the split of just the equity part right over here

It is a customary contraction like our

'Company.' It is a customary contraction like our

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 whatever's left, people are paid with actually shares new shares of the company.

And the links represent the shareholding relations, so shareholder A has x percent of the shares in company B.

They're not going to get anything.

So we say it's only worth 3.5 million.

UN Secretary General,

I am planning to attend the annual meeting.

In the next step, we built the network around these companies, so we took all the TNCs' shareholders, and the shareholders' shareholders, etc., all the way upstream, and we did the same downstream, and ended up with a network containing 600,000 nodes and one million links.

And all of those pages were reviewed by another 400 plus scientists and reviewers, from 113 countries.

These are people who obviously run the company, but they have the best transparency into the financials of a company, and they tend to be shareholders of the company or get compensated based on how the stock does.

What kind of fugitive?

So what did we find after computing all this network control?

Capitalism and then I'll get a little bit more.

And the people who deserved to kind of take some downside, did get downside.

That's good for the company's management.

And that's what we did, and we essentially sold those shares for 5 million.

A lot of members assisted at the general meeting.

The followings are the chief events of 1993.

But they didn't govern.

There's kind of a general rule of thumb that if a company is not doing anything, it's just stable, safe, not moving up or down, that a fair or a cheap Price to Earnings is 10 times this year or last year.

Sometime people just say EPS for this company in 2008 was, and in this case you take 350,000, your total earnings, divided by the total number of shares you have.

Shareholders voted to liquidate the company's assets.

Secondary market just means that it's not going to the actual company.

Until anesthesia, the absence of sensation.

The representative was absent from the annual conference.

Can I request a moment of absolute silence? (Applause)

(Applause)

Maybe they're software companies.

And it's been a great motivator.

And if there wasn't enough money to pay all of the debt holders, then the equity holders got nothing.

So if you're sitting there stressing about large cap versus small cap, or company A versus company B, or should you buy the Subaru or the Prius, you know what, let it go.

He'll be impaired a little bit.