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.

Stock Chart

How did the stock offering go?

So let me switch colors just to ease the monotony.

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

Shares of md are up almost 12

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.

Well, what's the market cap?

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

This is the book value for a share.

It's classic pump and dump.

And it's usually reflected in the stock price.

Sometimes called the market cap.

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

Ruined Aoki, too.

Stocks fell hard.

Stock prices dropped.

Stock prices fell quickly.

Stock prices fell sharply.

(Laughter)

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

The company's share price has fallen.

So they have times one million shares.

looks neutral.

And we'll do that later on.

So really the stock has no value.

This time right here.

Intrepus stock is being absolutely pummeled

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

lot of options in the company.

They own this equity stake.

He'll be impaired a little bit.

So in 2013 you'll be making 16.

I said the price doesn't tell you much.

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

Our liabilities are still 3 billion.

Especially given wall street's recent financial difficulties.

How's Carnelian's stock?

So if we believe all of these numbers, and we know that

Remember, there's a difference between book value and market value.

It's actually horrible.

It's just a faster way of saying