Now what's our mantra of this day and age I wonder?

And I think this is very obvious to you, but let me write that down.

Stock Chart

How did the stock offering go?

This is the book value for a share.

So let me switch colors just to ease the monotony.

It's classic pump and dump.

And the equity holders get wiped out, the old equity holders.

Inherently, when you're talking about value, you have to take the price per share and you multiply it times the number of shares.

They've never made money.

Stocks fell hard.

Stock prices dropped.

Stock prices fell quickly.

Stock prices fell sharply.

Shares of md are up almost 12

Well, what's the market cap?

I think that's 10 shares. Well that's my intention.

Maybe it's the Nasdaq or the New York Stock Exchange or some other exchange

And it's usually reflected in the stock price.

Sometimes called the market cap.

And you'll hear people say, well, we can't predict the future.

Ruined Aoki, too.

It's just a faster way of saying

So if we believe these numbers, if we believe the books, the book value of the shares is about 3.02 per share.

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

The company's share price has fallen.

So they have times one million shares.

looks neutral.

And we'll do that later on.

So really the stock has no value.

This time right here.

Intrepus stock is being absolutely pummeled

(Laughter)

lot of options in the company.

They own this equity stake.

He'll be impaired a little bit.

And the bottom line is, a short seller who's making money on the stock market, so they're shorting the stock at peaks and covering the stock at troughs, is actually reducing the volatility of the stock.

It's actually horrible.

So a lot of people immediately will figure out the Price to

So in 2013 you'll be making 16.

When they assign a 120,000 market cap there...

I said the price doesn't tell you much.

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

Our liabilities are still 3 billion.

He was betting the stock would fall.