The Kingdom of Mocha
Pablo Creates a Wood Supply Company
06:12 - 07:25
Pablo explains that he formed a corporation in order to expand his business. He also discusses issuing equity to compensate the people that invest in his business.
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Video Transcript
6:12
products weren't the only things traded between the Islanders
6:15
ideas to spread across the water
6:19
what's the great mm oakenwood Supply Company
6:22
well I am
6:23
Incorporated myself
6:25
that height
6:26
no
6:26
what I mean is I
6:27
formed a company like they have over on the beaver Islands
6:30
accompaniment
6:32
in my case I wanted to expand a little
6:34
put little Augie on full-time
6:36
get us some new equipment and all in the
6:38
I didn't have enough clams to do it all
6:40
yeah so
6:41
so I sold them
6:42
like a
6:43
little piece of myself to raise the Earth
6:46
which piece did you sell Pablo
6:48
like
6:48
yourself a finger a couple of toes or what I don't know not like that I sold stock in my company to raise the capital to expand my business
6:57
Cecil fat Mary Jane and Ian
6:59
all bought a share of the company you know what they get
7:02
they get shares in the company
7:04
and hopefully
7:05
they'll get a part of the profits that are left after we make the investments in new equipment or improvements we have to make
7:12
I don't know I don't hold with Beaver Island idea
7:15
believe me it'll work out fine
7:18
everybody is better off
7:19
our business gets better
7:21
the investors get some return
7:23
and mocha gets better service
