They are just going alone! (Applause)

It's worth 5 million.

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.

An investors' group is attempting a leveraged buy out of the firm.

Whether people will continue to loan them money.

We essentially sold them at 10 a share.

If what we had before is worth 5 million and there were a million shares initially, then the pre money valuation

So it's a very different scenario depending on what our pre money valuation is.

Capital investments planned by major Japanese businesses for this year have been revised upward in view of an improving economic outlook.

Japanese corporations are slashing their capital spending programs.

I'm eager to be allowed to do more private sector investment.

CA What's the bottleneck preventing this stuff getting from scale?

So the combined assets, if you believe that this is worth 5 million, is now 10 million, right?

But he said you know Nempo...

And when nations cheat in trade, there will be unmistakable consequences. Applause

So going back to what we were talking about, what is the post money valuation?

If you work for a funding agency or pharmaceutical company,

EM Well, essentially,

One of the greatest things that could happen to a startup is a large company says,

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

The company's capital expenditure program is set to be 10 billion yen for this year.

Major technological advances are needed, as well as political will and co operation, massive investment, international consensus, the retrofitting of the 45 trillion global economy, including transportation, manufacturing industries, and agricultural systems, as well as officials competent to manage the transition.

Because after all, if you look at the context, 1.6 trillion dollars has been invested in the past eight years from the private sector globally, and every dollar represents a job, and where are those jobs going?

Japanese automakers are investing heavily in new plant and equipment.

So there's no net investment.

And so after that offering, well, our pre money valuation was 30 million and our post money is now 40 million.

EBlT in this case would be the operating profit plus this investment income.

And you have the 700 billion that is going directly to lend to farmers and companies that are building capital equipment and whatever.

Corporate profits are quite high in fact, if you include bank profits, they're higher than they've ever been.

Before you think about how the company is paid for or how it's funded, if you just think about the enterprise itself, the assets.

So no matter what I do, between the pre money and the post money valuation, my per share value doesn't change any.

And I get all the time entrepreneurs who are going, Yay! Look!

Our advice is that the company invest in new equipment.

We have motion sensors, alarm systems, armed guards.

The corporation set up a dummy company.

That's why I call for the Chief Detail Officer.

Yes, it's an enterprise.

The amount of money you get.

My name is Masayuki Takeuchi. I am the project leader for GREEN FLOAT, our environment friendly future city concept.

So those are the two side effects of high utilization.

But his return on asset has gone down to 20. and, because he's at that utilization, his return on asset has gone down to 20 .

High utilization will allow you to raise prices and when you raise price you'll get a better return on your asset, and then the other side effect is, when you have that high return on asset, you'll also have more investment going on to build more capacity.

Actually, I'll throw another thing in here that's a little unrelated to inflation, but high utilization makes prices go up and it also makes people want to add more capacity, right?

And we'll talk a little bit more about assets and enterprise value, and there's a little bit of a nuance there, but essentially the company itself.

And since we want to know what this is worth this is before we got any kind of money from investors this would be called a pre money valuation.