Mateo Munoz

No, basically we were founded as a limited over on that side of the water.

And we were opened up here as an ink on this side under that original management group.

And essentially what happened is through that cash burn and everything and us having to go through insolvency, we basically were able to, with the HMRC over there, go through the equivalency of Chapter 11 and roll into our new group where we currently sit.

Yeah, so we were able to do that to pull forward quite a bit of the losses.

Yeah.

It is.

We always say it was a curse and a blessing, right?

Because we were able to knock out a lot of debt that we had that was built up that shouldn't have been there.

Obviously, had to roll some of that forward within the negotiations as well, but it was very manageable.

And so when we went out for our Series A...

We were able to go ahead and platform, knowing that we had that insolvency in the background, but people knowing that we had a solid business strategy behind us and where we were looking to go with this SaaS product.

So there was revenue on the books.

How much?

So we did take a hit going through that insolvency.

So as you can imagine, we had to shed, had to said employees, they took away, they, you know, they chipped at us.

There's certain things that were said, but we've been able to gain it.

So at that height, I would say we were probably doing about 4 million as just a full service event technology coming out of that first year.

So in 2016, last year, we did just, just over 2 million pounds worth of business last year coming out of it.

Right, right.

But with a much smaller team.