From €4 Million, to Zero, to €12 Million

I'm just reacting to what you said. How do you react to that?

It is changing fast. I have big hopes in young generation it is changing. What you said was true under the previous regime.

Have you found situations as you're in your position as a business owner in the Czech Republic now where you've had to make hard decisions about do you go the wrong way versus the right way? But choosing the right way comes with consequences, comes with hard costs, small things.

But nothing too dramatic that would cost us a lot. And that's because we deliberately chose a company to avoid any types of potential corruption. One of our criteria was that we don't deal with state at all, that our clients are at best Western Western institutions, Western companies, and we provide them check services and the, the buyer is from Western Europe or, or the U.S.

and yeah, it works. We don't need to face these hard decisions.

Excellent. Thank you again for sharing. Ivona, this is great and just very generous of you to be. To. To. You know, this is very personal stuff.

Okay. You move to the Czech Republic, you decide you're not going to take no for an answer. In fact, not taking no for an answer is a key, key criterion for, for being a successful. Um. Let's hear about the mechanics of the search specifically with respect to searching in a market where businesses are not bought and sold.

Anytime I've had a guest outside of the US or, or kind of Western Europe ish. The. There just isn't the awareness often by business owners that they can sell their business. There just isn't a liquid market or an active market of businesses, small businesses being bought and sold.

Frankly, it's illiquid enough in the US so let alone other places. Talk to us about just the difficulties or not and maybe maybe address your, your answer here to people thinking about doing it in smaller, less mature markets. The challenges or not of searching, the actual mechanics of searching in this environment.

I would say that business owners in Czech are aware that they can sell. It's especially because of private equity companies that are very active and they target even small companies. So even as A searcher.

If you are, if you are looking at company that has 1 million EBITDA, you will be competing against PE companies. So that's one thing. And the big advantage of checkmarket is that data is publicly available.