I think it was at 7.50 a share.

And of that share, we have 2 million shares outstanding.

Right?

I want you to bring a million dollars in cash...

That's 500,000 a year. So my operating profit is 500,000 and that's pretty good.

Even though the house appreciated by 50 , right?

To set up a touch for over a million dollars, that's why.

Year nine, I pay 100,000.

let me switch colors.

But let's say, they pay 1 million for the house.

And now, what percentage do each of us own?

Let's say it sells a million shares.

And by the use of pitching PowerPoints to VCs,

We're starting at 500,000 won. Yes, 2,000,000 ( 2000) won has been bid. 7,000.

We know that it is a large city, but we may be unsure about exactly how many people live in the city.

A million members? Yeah.

One million!

And we could just say, that they have zero equity. and they have a million loan.

Subtract the liability from both sides.

That's what we started off with.

So here we go.

Now if you take this part over here all of the assets are 400, 400 100 in Liabilities still gets you to 300 in Equity.

So I'll do a line here. I'll subtract that from that.

The company has a capital of 500,000 pounds.

My rainyday fund. Sixtyeight thousand, okay?

I wonder, for a house of about 2500 square feet, what is the approximate sales price you would assume based just on the scatter plot data?

They're more of a hundred thousand aire.

Right?

And then in year 10, I'm going to pay the 100,000 and I'm also going to pay back the 1 million.

Now in this reality, if he's valuing what we have right now at essentially 1 per share he says it's worth a million dollars, you have a million shares, it's 1 per share.

We are not talking about 50,000 dollars here, or 100,000 dollars there, or one million dollars there.

Now we're in the 1,000,000's place.

let me switch colors just for fun.

Property taxes.

Over a million dollars.

A million, yeah.

The company was started with 100,000 in capital.

So they're going to put in 100 million, right?

So instead of getting 100 million every year, it gets one millionth of that.

Countrywide.

That far away, a moving car? That's a million to one.

Let me say I want to keep 10 of it in cash.

And I'm assuming that this 500,000 a year to operate also maintains my building.

This is the retiree health care benefits.

Let's say I need 100,000.