Peter Friedman

No, but we did that and grew a $10 or $15 million business with a $650 million market cap in the early 2000s.

Then we restarted and we didn't raise anything.

Then we raised about $2 million to grow a $10 million business.

So you have to look at it as, yeah, we did equal or better than everybody else and they went out of business and everybody lost their money.

In our case, we didn't go out of business and it was a restart with virtually no capital.

So we've proven we're last man standing to their value.

In order for the capital value to go up, we also have to show growth.

The other people who show growth do it by spending tens of millions of dollars to grow 10 million a year.

In other words, their sales and marketing budgets tend to be bigger than their revenue.

We can't do that because we have to fund ourselves.

So we are slowly, like the tortoise and the hare, doing things that we believe will eventually show significant growth and turn it around.

Good question, which I have been asked many times.

Because I am a true build-a-company entrepreneur.

And the class of entrepreneurs we have today, and I don't criticize them for it, most of them are not building real value in real companies.

They're making something, flipping it, and going.

Well, for myself, you mean?

Well, the shareholders who sold then made a lot of money.

Well, an awful lot made money and an awful lot didn't, but they didn't lose as much as the 800 internet companies that went out of business.

Well, the question is, we're about building a company in value and we're really committed to it.

We have hundreds of employees in the company.