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

But you're like, no I want to sell them.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

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

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

And you say, who wants to buy my CDOs?

And maybe in 10 years they might come back.

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.

But what can happen so you might say well in a closed end fund

What kind of fugitive?

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

Ownership has its privileges.

So for those people who did choose to participate, the more choices available, the more likely people were to completely avoid stocks or equity funds.

He still owns 7 of the company.

And we covered that a couple of videos ago.

I'm the sole shareholder.

Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

All kinds of funds and brokerages.

The shareholder's meeting was held.

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.

Yes, I'm a stockholder.

If you want your 180 back we'll buy that we'll give you 180, you give back the share, and then we cancel the share and if anyone wants to add to the fund if they want to invest the corporation can create new shares and then issue it to people sell it to people and their money would go into the common pool and the management company would take fees off of it

He'll be impaired a little bit.

If you need to buy a house, or if you owe money to somebody so you want to get the value of your share back and the answer with a closed end fund is that you would then go sell your share to someone else so this right here you can trade it

Let's continue with the story of

So what happens?

So 5 million of liabilities.

I don't give it to my employees.

Not the old shares.

liabilities plus equity.

And that's interesting.

Should Shareholders Be Kings?

In a world without leverage so if I didn't have all this

And then each of these guys would get 5.00.

because they're both on the right hand side.

Take a look at these.

But it's really a measure of the same thing.

liquidate it.

But they come back.

This is the building.

I own the controlling stock of the Messenger.

Handing the reigns to aa stump!

Uh,we were wondering about one of frobisher's shareholders.