Does this mean medium rare steak is better?

Kobojunkieee:
The Nigerian Constitution does.

Lol Supreme Court will eventually cook up a crazy judgment saying Edo is wrong and Lagos is right. The words on the constitution mean whatever the justices say they mean that afternoon. Hopefully, the inconsistencies become more blatant.

When he confronted his wife she said, she is doing that because he can’t afford to bring food to the table. According to the wife, the friends of his husband often had sex with her and gave her money of which she uses the money to buy food items which even the late husband and their 3 Kids eat.”

Lol they're still going to smashing the widow. This arrangement works better now that he's out the picture. Any healthy man with no work or prospects should consider becoming a soldier. At least the military with cloth and feed you. Upon your death you family can collect benefits.

RodgersAkpafu:


now you are talking stvpid.

The fact that that IS HOW valuation tends to be done this way does not mean that the valuation methodology cannot be critiqued and tested and questioned.

A business with negative net assets getting a 500k equity investment which in turn values the company at £1m at a whim, while is the way we do it in the venture capital space, doesn't mean that it is not without some flaws.

assuming the founder owns 30% stake in the company struggling

that's how his value in the company has turned to 300k
just like that.

you don't see why this should be looked at with some eyebrows ?

Companies don't exist for one day in time. This why people project into the future. This is why valuation are based on multitude of factors. You would think a pharmaceutical company is worthless until the breakthrough drug occurs. Anyone with foresight knows that isn't the case by reading the phase 2-3 trial of upcoming drugs.

You can question the methods but your reason examples are subject to the same. This method obviously works better. You both don't seem to get the percentage of the company owned is irrelevant. What matters for networth is the asset price and how much is owned. Nobody cares if you don't think the stock is worth that amount, just like nobody cares how much you think a liter of petrol is worth.

RodgersAkpafu:


what is this one saying?
the person had a point, especially for private companies


if you sell 50% of your business for £500k even if that business has not made a cent and is burning cash,
your business valuation will increase to £1m right after that

Same business that may have shareholder fund of 200k subsequently because of cash burn 🔥

or the above is not making sense to you?

I'm saying both of you are ignorant of basic math or financial concepts. Yes the business valuation is based on what some else would pay for it like anything else. The investors base value on cashflows present and future.

Elon buying Twitter for an inflated price changed the valuation. This is ultimately why the previous Board of directors sold it to him. He was crazy enough to make the offer knowing it was burning money 💰.

RodgersAkpafu:


SmartPolician is right
this conversation is ABOVE your pay grade

You're easily influenced by foolish ideas because you don't know basic financial concepts. His example doesn't make sense if you understand math. Look at the chart below of a hypothetical IPO.

SmartPolician:
I think the world needs to re-evaluate how individual wealth is measured.

A man has a business idea, pitches it to venture capitalists and raises $200k in equity capital of 20%.

He sells 70% of his business in shares and raises another $700k.

The business is worth $1 million with founder owning 10% of the business or $100k.

He's called the world's richest man whereas he has only $100k out of the $1 million business value.

You're not making sense. You clearly don't understand the math involved in going public. If the shares are worth X amount of money, then you multiply that X by the numbers of shares they own. After that, you subtract any debts they own, and then you have their net worth. The percentage of the company they own is irrelevant to networth.

How do they define city for Nigeria to only have 20?

lexy2014:

states that say they cant pay 70k min wage, how will they fund state police?

Those can't and won't fund state police. Their local issues aren't a national concern. The states can and are willing will be the first. Look at state prisons as the case study. Any state can establish a state prison but none of them have.

delkuf:
you mentioned Niger, Ghana with Nigeria. This countries don't have petrol. So it is unrealistic for Nigeria to sell petrol at 600. God help us

He said you can't sell petrol below the cost to produce it. The market price for petrol will be around the same price in the region if Nigeria stops artificially holding down the price. Look up law of one price in economics if you don't understand why.

When I say individuals should arm themselves people will argue. That alternative will be worse. We should complain like mumus about our incompetent government not protecting us. The other alternative is waiting till there's enough mass graves to justify decentralized police forces.

Culture is the difference it is simple as that. If you see a Statue in the center the town you know people built it. If you see trash in the center of town, you people dump it there. The only difference is how the people or institutions decide to get rid of trash.

Lol does this count as economic sabotage or Cyber warfare? If it does why is South Africa doing little to defend itself from non state actors?

Destruction of public property is a crime so yes.

Yes, but I will give you the opportunity to match any offers before jumping ship.

ivolt:
This is an embarrassment to say the least.
What is the net contribution of those countries to ECOWAS purse, zero.
So, why are they being lobbied?

Exactly, the policy is so incoherent. You sanction and suspend them, then attempt to stop their exit. Are they concerned others will leave?

Japanese. I could watch anime without subtitles and won't have to wait for English release.

Kobojunkieee:
Isn't it the National Salaries, Incomes, and Wages Commission (NSIWC) that pays out these monies to the senators and representatives? Why not directly demand answers from the particular commission in charge of these remunerations to all federal employees?

Interesting I will look into. This won't be a controversial FOIA.

Lol are we going to pretend there's one copy of these documents?

Nice 4 more years to the governor 👍. 1000 more to the party.

Lol that's probably unconstitutional. You can't compel speech.

Lol got to love democracy 🤣. Return to monarchy brothers all hail the king 🤴.

Recommend reading below. Get a free copy from mises institute.

MasterJayJay:
Senate and house of rep should be scrapped to save Nigeria.


Each state should send 3 members of their house assembly every 4 months to Abuja to pass any law.

Who's the tie breakers?

Yeah every riot is called a protest by the media. The second police act they write they attacked protestors. If only the store keepers can shoot looters like the roof top Koreans.

It is in Nigeria a President fighting a war on corruption will pardon corrupt governors.

Nigerians are confused and easily forget things.

Lol what is up with the losers in these cultures. You riot and destroy your city and you're blaming a third party. Accountability is anathema.