Jordi Hays

I'm in for the bull case.

The question is like, what's going on with the plan?

Because it feels like Ryan just doesn't have the capital, but then he announced it.

What do you think is happening behind the scenes?

Because there's one thing where you could throw it out as like, oh, these two companies should work together.

Here's a bull case.

Let me know if you want to be on the team that does this.

And then there's the other one, which is like, make the offer before the capital's lined up.

But I just haven't been through enough of these stories to actually understand why it's playing out this particular way.

And I think that- We'll issue another $20 billion of equity, and then we'll merge or something.

Direct competitor to you.

Yeah.

There's a lot of other different things that need compute, but what do you think?

No, totally.

You mentioned taking positions in public companies.

The fund structure is a PBC.

Are you also an RIA?

How are you thinking about navigating both of those asset classes?

We are in process.

Yeah.