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Well actually, we have some voting among alumni I guess,
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but it's not a for-profit corporation.
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I'm going to be talking about for-profit.
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Now, the critical thing to understand about a corporation is that
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in order to value a share in a corporation
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you absolutely have to know the number of shares outstanding.
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If I own one thousand shares in a company,
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what does that mean?
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It doesn't mean anything
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until you know how many shares are outstanding because
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if I own one thousand shares and then you look it up
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and find out how many shares are outstanding--