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

Exactly. And it's one of the points like everything is much more affordable in Czech than in the US or obviously including these services. And like when we moved from New York to Czech Republic, it was A huge drop in standard of living. We didn't have the backing during the search so we had to do everything in a very cheap, efficient way.

So even hiring PR company for future few weeks, it wasn't anything expensive here.

That you had investors. But what we heard earlier.

Yeah, right, that's. That's confusing. It's actually our future investors at that point. So when we were meeting people at conferences and forming our future investor group, we came to like some investors more than the others.

It's very natural and it was like mutual feeling. So naturally the group was selecting itself and we were more in touch with some of these people and you know, those were the people that were like, okay, feel free to use our name if you need it because if you find good target, we will support you. So we had this like very soft at that point commitment that yeah, they didn't believe that we would…

Support us if they'd be investors in your deal. But according to to terms tbd because they're not funding your search. So it was like how that would all look very to be determined, but there was chemistry.

They liked you, they respected you. If you found something, they wanted a call, they'd look at it and they had enough confidence in you that they'd even let you call them your investors for the purposes of your search. Very interesting. And we're gonna. These investors are gonna make multiple appearances in this story.

Okay, the before we hear about the business that you bought, I just quick sidetrack you. There was an IT company that you looked at which I thought kind of had an interesting little. It was an interesting little side story. Tell us about that and why you didn't buy it.

Yeah, it was the first company with which we signed loi. It was the company that we found through our proprietary tool scraping the databases scraper. And we found it at the exact right time when the CEO and co owner was retiring.

And they just started thinking about selling and we started doing the due diligence. We like the company, but our potential investors didn't. So you know, they said it was too much dependent on the ability to hire additional IT people and they just like wouldn't want to buy this company.

So we didn't buy it. But the deal was still nice. So we actually sold this deal to a local private equity company.