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

The market value could be very different.

The market value equity of 1.5 billion.

So it really depends on the market value.

Ben has actually done a good job of saying the market value of his inventory, the market value of his equipment.

But this is the market value of the assets.

That would have been the market value per share.

It's market value. Just like in a sushi shop.

And this is the market value of the equity, what the market thinks the equity's worth.

The market value tends to be the best representation of the true value of something.

net

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Net

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Ethiopia's domestic market is about one billion dollars of value.

So the market cap, or what the market perceives the value of this equity is, the market capitalization, is these two numbers.

But the market value or assets is essentially, what is the market saying the assets are worth?

And then, that gets you to the market value the equity.

Fixed net, trawl, haul net, long line...

let me give you that piece of terminology, it just means net asset value.

But when the market value, or the market cap, is below the book equity, that's the market just saying, hey we're calling your bluff.

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Safety net

So the market value of this avocado is 1 and the market value of this orange is 0.5, then by producing this fruit the market value, the GDP has increased by 0.50 by producing this avocado it's GDP has increased by 1.

They just look purely at the equity value or the market capitalization.

Which implicitly means that the market value of this asset is 210,000.

That's the situation where the market price is above the book value.

But in this case our market cap is below our book value.

So that 1.5 billion value of these CDOs, the market value of these CDOs, is not truly accurate.

If this is the market value so let's say this is the stock price, or the market stock price I'd be skeptical of paying two times the book value.

And then it figures out, what is the market value of your home?

We're willing to say that the market value of your equity is 210,000.

I think that's what I wanted a write here, market value of equity.

New Net Connection...

Disconnect from Net

Net Status Monitor

Net of Magic.

The Net Ranger?

you have to buy this back from me at the NAV (net asset value) per share.

And we feel that over the next five years, if Ethiopia can capture even 40 percent, just 40 percent, of the domestic market, and add just 25 percent value to that market, the value of the market doubles.

By applying the same price to earnings, we're saying that the market value of this equity is 210,000, while the market value of this equity is what was it? 189,000.