Mateo Munoz
๐ค SpeakerAppearances Over Time
Podcast Appearances
So we had equity partners, and then we also had a little bit of loan for equity also.
A traditional bank.
Got it.
So venture traditional.
So yeah.
So at that point in time, he got parachuted in.
They basically did a rundown and said, hey, is this going to be a concept that would potentially work?
And do we want to go ahead and roll into a new company?
So they believed in it.
Our current investors did.
So we rolled over, went through the insolvency process in the UK, worked out the debts here in the United States.
Fortunately, I didn't have to do all that, but I did get a good practice in negotiation and dealing with our IRS that I never thought I would have.
um so i actually had to go ahead and negotiate uh we had quite a bit of back taxes uh the uk the former business i guess the former former business suite there like i said those executives they set up our business here in the united states so there's actually no director on this side of the pond so where are you right now
I'm in Salt Lake.
But wait, what do you mean UK?
The business.
So our business is owned, the group is owned out of the UK.
So it's actually a limited that owns our business here in the United States.
So we're wholly owned by the UK business as well.
But we function as an ink here in the US, obviously.