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

And I think this is very obvious to you, but let me write that down.

They've never made money.

But anyone making money is buying at low points and selling at high points.

Stock Chart

And the bottom line is, a short seller who's making money on the stock market, so they're shorting the stock at peaks and covering the stock at troughs, is actually reducing the volatility of the stock.

This is the book value for a share.

It's classic pump and dump.

How did the stock offering go?

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

They've never made money.

Inherently, when you're talking about value, you have to take the price per share and you multiply it times the number of shares.

I think that's 10 shares. Well that's my intention.

Maybe it's the Nasdaq or the New York Stock Exchange or some other exchange

So let me switch colors just to ease the monotony.

And you'll hear people say, well, we can't predict the future.

It's just a faster way of saying

Stocks fell hard.

Stock prices dropped.

Stock prices fell quickly.

Stock prices fell sharply.

Shares of md are up almost 12

And it's usually reflected in the stock price.

So really the stock has no value.

So, in this situation, let's think about this situation where the stock price goes down

Well, what's the market cap?

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

And we'll do that later on.

This time right here.

Intrepus stock is being absolutely pummeled

They own this equity stake.

And this here is our Delta T, over time, for Apple's stock on May 6, 2010.

It's actually horrible.

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

Our liabilities are still 3 billion.

So, Japan had a fiscal real estate crisis back in the late '80s.

(Applause.)

He'll be impaired a little bit.

Anyone making money on a stock, as long as they're not manipulating it, on either the short or the long side, is actually a net asset for the stock.

When they assign a 120,000 market cap there...

I said the price doesn't tell you much.

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

Especially given wall street's recent financial difficulties.

How's Carnelian's stock?

Sometimes called the market cap.