from steve

As I stated before. It offers us cheaper cost of funds if and when we need funding .

The 4b shares are authorized and not used when doing various ratio test. Only shared issued and outstanding are.

You do not use the authorized shares when determining any book value so you statement is incorrect. Book value is the shares outstanding divided by the assets . Most companies trade around 10 to 20 times book value because there is good will and intrinsic value outside of the pure assets of a company.

We have 1,065,373,481 shares issued and outstanding. We have 2,968,667 in assets. So we have a current book value of .003.