It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

Wealth Accounting and Valuation of Ecosystem Services.

Something about phony securities.

They're fairly liquid securities.

Those are essentially derivative securities that are derived from mortgage backed securities.

What's the post money valuation?

That's post money valuation, right?

And so this leads to a process of valuation.

Up rounds are when your pre money valuation of this round is more than the post money valuation of the last round.

Cultures discovered the key feature of valuation thousands of years ago.

This is the pre money valuation.

And of course the pre money valuation is just you just take the pre money valuation plus the amount of cash they're giving us.

And what is our post money valuation?

Our post money valuation is 22.5 million.

So what is the post money valuation?

And so money came from when the owners of each of these mortgage backed securities each, let's say, paid 1,000 for the mortgage backed securities.

I have to only invest in the safest of safest of securities.

Welcome back to my series of presentations on mortgage backed securities.

So in exchange it gets treasury securities.

And equity securities you're probably familiar with.

We're from the Securities and Exchange Commission.

Experts put a high valuation on the painting.

You're looking for 5 million at what valuation?

And this would be the post money valuation.

Welcome to my presentation on mortgage backed securities.

I will do a whole playlist on valuation, eventually.

And this pre money valuation is really, really important.

And that's important because Price to Earnings really is more of a relative valuation.

So often times, you actually don't want to get too good of a valuation.

Because if you get too good of a valuation, in the next round it might be hard to get people who are going to give you a better valuation.

So we'll give you a 15 million pre money valuation.

So anyway, we get a 15 million pre money valuation.

Valuation is just what you think it is, you know?

I have a whole video on mortgage backed securities.

And they rate these assets, these mortgage backed securities.

Now what does that result in their valuation, or in terms of their market cap?

That's the value of our assets as I mean, the website, that's kind of an arbitrary valuation.

So once again, they're going to do a pre money valuation.

So my 200,000 shares are worth 200,000 according to his valuation.

Social securities are not something that should be trifled with.

And we learned that debt securities are often called bonds.

CDOs, collateralized debt obligations, are derived from mortgage backed securities.

So AAA would be like the highest rated securities, right?

You call them stock, or stock options, derivatives, mortgage backed securities.

And we're also joined by Brent Lawson from Lawson Frisk Securities.