Michal Sadowski

But for the local IPO in Poland on local stock exchange, which is still, it's a pretty good option for raising capital, those other stock exchange markets than NASDAQ.

and New York Stock Exchange.

It's a viable option.

Just $1 million in November last year.

But

You know, the shareholders gave us an option to raise anywhere between $1 and $10 million.

Well, Mike, hold on.

Yeah, but so what I mentioned with this, let's say 6 million costs and less than 10% of external funding, this was until the IPO, which just happened like a month or two months ago.

So we haven't started to spend this money yet.

That's why I'm not...

counting this as, you know, yet.

Not really.

There was a lot of work to do the IPO itself because it was six months of preparing due diligence, all the documents, all the necessary formalities.

But otherwise, post-IPO, it's not much different than before that.

So I don't see a huge downside in terms of performance.

We were also pretty afraid of all this communication, let's say, rules post-IPO.

But we were pretty transparent about the business before that.

We were notifying our, let's say, friends or even customers about the results on a monthly basis before IPO.

The churn is currently more or less at five to 7% ballpark.

Net user churn.