1.   It is common commercial practice for the auditors of a private company to be called on to value the shares.

2.   At that price, the offering would value the shares at about five or six times their current price.

3.   Even the experts do not know how to value Internet shares.

4.   Kansas securities regulators valued the shares at one five-hundredth of a penny each.

5.   So, AOL executives spent much of their conference call with investors Wednesday talking not about the last quarter but how Wall Street should value its shares.

6.   Its shares are still valued at only about two-thirds what they were before the problems were reported.

7.   Much of the court session was taken up with arguments over how to value the shares of Listen.com, which is a private company.