Howard Marks

You have to file with the SEC documents.

They were not doing that.

And guess what?

The SEC came up recently and I wrote an article about it and they are very upset and they want the marketplace to realize that it's fraud.

We securitize everything.

Yeah.

And we're doing everything by the book.

And think about this.

We're able to issue shares in a company for pennies on the dollar where it used to be you'd go to a broker and say, hey, I want to raise money.

Unless you're raising millions, they won't do it for you because it's too expensive.

Very easy.

There's $300 billion in the world of crypto, Bitcoin, Ether, $300 billion of value.

They have a need to invest.

Why?

They want to diversify their portfolio, just not own Bitcoin.

They want to own many coins, right?

So they go and look for anybody who's issuing them and they go in on the website and they transfer from their Bitcoin wallet to the wallet in the company and the company gives them the tokens.

And then they take those tokens and they go on to the exchanges and they sell them for more money.

It's a huge business.

And the whole premise is all those ICO companies, the initial coin offerings, are mostly SaaS companies.