David Rosenthal: recommendation

Transcript context

…So it's his whole net worth now, because he doesn't own a home, and he's borrowed money from his parents. He decides to do a combination of two things for the remaining $11,000. One, he goes to Bank of America, takes out a loan. Still, they won't loan him enough money to get all the way to $25,000. He goes to the current employees of the six Pronto stores, and he says, "Look, I believe in this. I have sold my house. I have borrowed money. You guys obviously believe in this with me. We see how it's working. I will offer to you to also invest in this buyout at book value. So I will give you the valuation that it is on the books at Rexall, even though I'm buying it at $10,000 above book. " So he's giving them, what, a 40% discount on the price that he's paying for his shares?…

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