So this is 3.02 per share book value per share.

So price per share.

Exactly 6.00 per share.

And book equity per share, or the book value per share of 6.00.

And let's say Company B made 5 per share. 5 EPS, Earnings Per Share.

So there is an NAV per share, the NAV per share over here is 200,

And you have earnings per share.

That's 0.35 per share of EPS.

Sold them at 1.50 per share.

They could've gotten them for 1 per share before, now they are worth 20 per share.

So what is the value per share?

So what is the value per share?

Second round we got 7.50 per share.

And now we're getting 10 per share.

So essentially they're paying 0.40 per share.

And 55 is a lot. On a per area basis,

Divided by 10,000 shares is 2.10 per share.

Price per share of Company B is 20.

This is Earnings Per Share, not total earnings.

But usually, as I mentioned, lending goes on a per day basis.

So what does that turn out to on a per job basis?

Company A made 1 per share. 1 of EPS.

And B is expected to make 4 per share.

That would have been the market value per share.

15 million divided by 2 is 7.50 per share.

We'll buy 2 billion shares at 1.50 per share.

The price per share, the market price per share, is 3.50, so you could also say it's trading at a discount to book.

And that will be 5 per day (and usually these loans are on a per day basis), and then the next day they will be renegotiated on a per day basis, but it's not 5 per day, it'll be 5 per year, so it'll be some much smaller fraction.

This guy, 18,900 divided by 10,000 is 1.89 per share.

And we'll talk about earnings per share in this case.

So let's see, the book value per share is what?

Let's see what that is on a per job basis. Get the calculator out.

In this case, they're saying 10 per share times 500,000 shares.

And he essentially valued our old shares at 7.50 per share.

Remember the first round, the angel gave us 5 per share?

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

From this pension fund, they're getting 1 and 1 2 , 150 basis points, per year.

So if I took this, 1 per share times 10 million shares.

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

So the book value of the new shares is 20 per share.

So 2 billion, 1.50 per share, that is equal to 3 billion.

Basis

Maybe Company A, each share I can buy it for, so the price per share of Company A is 10.

They're worth 1 million divided by one million shares, or 1 per share.

Then it became 10 million for two million shares, still 5 per share.