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[953.72 --> 957.14] So, I mean, you know, I might as well be up front with you guys.
[957.20 --> 960.72] The only way we were going to get it was if we bought NCIX.
[962.62 --> 965.94] Which might seem like a great idea on paper.
[967.40 --> 967.76] But it's...
[967.76 --> 968.24] No.
[968.24 --> 968.30] No.
[972.92 --> 975.28] I was trying to be diplomatic.
[975.28 --> 975.68] No.
[975.68 --> 975.76] No.
[975.76 --> 975.84] No.
[975.84 --> 975.90] No.
[975.90 --> 975.98] No.
[975.98 --> 976.04] No.
[976.04 --> 976.10] No.
[976.10 --> 976.16] No.
[976.16 --> 976.20] No.
[976.20 --> 976.22] No.
[976.22 --> 976.30] No.
[976.30 --> 976.32] No.
[976.32 --> 976.34] No.
[976.34 --> 976.38] No.
[976.38 --> 976.44] No.
[976.44 --> 976.90] No.
[976.90 --> 977.44] No.
[977.44 --> 978.38] No.
[978.38 --> 978.44] No.
[978.44 --> 978.50] No.
[978.50 --> 979.44] No.
[979.44 --> 987.76] No.
[991.18 --> 992.82] So, um...
[994.44 --> 1000.36] It would include the domain, the sophisticated inventory management and backend software-
[1000.36 --> 1001.06] Oh, yes.
[1001.06 --> 1001.90] Yes, definitely.
[1001.90 --> 1002.98] Sophisticated.
[1002.98 --> 1003.66] Yes.
[1003.66 --> 1008.18] The very not cobbled together backend management system.
[1008.18 --> 1009.06] Ah, yes.
[1009.06 --> 1015.30] The trademarks, the copyrights, the intellectual property, including their fantastic mobile app.
[1019.30 --> 1022.74] Basically, the untarnished brand.
[1023.36 --> 1025.08] Oh, absolutely.
[1025.58 --> 1027.40] Nobody's wondering where their shipments are.
[1027.48 --> 1033.08] The fantastic relationships that that brand will inspire with potential suppliers.
[1033.30 --> 1037.42] Owing people money and then never giving it to them is a really great way to establish trust.
[1037.42 --> 1042.02] Now, I mean, to be clear, no, you wouldn't acquire the debt.
[1042.10 --> 1043.54] So this is interesting.
[1043.54 --> 1053.94] So the way that it works with the bankruptcy proceedings is that these assets are being liquidated by the bankruptcy trustee.
[1054.16 --> 1057.92] So the funds are not actually going to the original owner.
[1058.18 --> 1060.94] The funds are going to the creditors.
[1060.94 --> 1066.70] Meaning that even if, let's say NCIX would do, oh, I don't know, $6 million.
[1067.30 --> 1068.08] Hypothetical number.
[1070.24 --> 1071.24] No, no, not me.
[1071.34 --> 1071.80] Someone else.
[1072.36 --> 1073.30] But it's not hypothetical.
[1073.46 --> 1073.74] It's real.
[1074.78 --> 1076.50] Let's say NCIX would do $6 million.
[1076.50 --> 1089.06] And let's say at the auction that we attended and through the sale of the domain and the intellectual property and all that, that they managed to raise, I don't know, let's use a realistic number, $2 million.
[1090.76 --> 1094.64] Your $6 million, which is only one-fifth of the total debt.
[1094.74 --> 1096.32] This is all leaked out there.
[1096.32 --> 1104.34] Of your $6 million, you would get one-fifteenth of debt, whatever that works out to, like $300K.
[1105.34 --> 1107.88] Oh, I thought they had to go banks first.
[1108.44 --> 1110.80] So, right, assuming it all went out equally.
[1111.08 --> 1111.34] Yeah.
[1111.98 --> 1119.04] So some people are going to have more robust contracts that will entitle them to being paid first.
[1119.76 --> 1124.62] And a lot of the time, as far as I know, and I could be totally wrong here, but I think that usually results in banks first.
[1124.62 --> 1137.56] So the new owners, fair and square, own the domain, the server infrastructure, whatever it is that they've paid the trustee for, and there's no debt associated with it.
[1137.64 --> 1140.26] But life is rarely that simple.
[1140.26 --> 1145.92] And if I was, oh, I don't know, let's say Corsair, who has owned a million dollars.
[1146.14 --> 1147.20] Did I say owned or owed?
[1147.62 --> 1148.80] It's kind of the same thing.
[1149.64 --> 1150.88] Oh, dang!
[1151.30 --> 1151.62] Rough, rough.
[1151.62 --> 1154.94] It's a Corsair who's owed a million bucks.
[1155.54 --> 1158.18] Do I engage with this brand again?
[1159.54 --> 1160.24] Would you?
[1160.58 --> 1162.04] Even if it was under new management?
[1162.26 --> 1162.86] I'd be salty.
[1163.48 --> 1170.42] And, like, the thing is, if I was a hardware company, I would look at this going, like, okay, last time you guys didn't make it.
[1170.42 --> 1177.14] You're going into the exact same market with the exact same inventory stuff, with the exact same buildings, with the exact same website.
[1177.56 --> 1178.42] With less storefronts.
[1179.16 --> 1182.80] With probably dramatically harmed SEO.
[1183.30 --> 1186.12] Dramatically harmed SEO because everything's going to be about you being bankrupt.
[1186.46 --> 1187.20] Site traffic.
[1187.20 --> 1194.96] A huge amount of customers that never received shipments of possibly our products and then got upset with us potentially because of that.
[1195.36 --> 1196.92] Like, I wouldn't really want to touch that.
[1196.92 --> 1200.74] Like, I'd be like, this corpse is in the ground.
[1201.28 --> 1201.80] Especially if you're...
[1201.80 --> 1203.60] Why am I trying to perform CPR?
[1204.12 --> 1206.06] And especially if you're a GPU company.
[1206.74 --> 1207.26] Yeah.
[1207.26 --> 1210.76] If you're a company shipping GPUs, you can sell them immediately to anyone?
[1211.24 --> 1212.50] Why would you...
[1212.50 --> 1213.36] And here's the thing.
[1213.76 --> 1223.36] NCIX has been effectively out of business for so long that, you know, it doesn't take a long time for a gap to be filled.
[1223.80 --> 1227.82] Canada Computers came in and opened up stores in NCIX's old locations.
[1228.12 --> 1228.30] Yeah.
[1228.52 --> 1233.42] Memory Express, I don't know if you know this, but I don't know if anyone knows this.
[1233.50 --> 1233.90] Hold on.
[1236.12 --> 1236.94] One second.
[1237.26 --> 1239.26] Okay.
[1242.84 --> 1243.12] Good.