Paul, Joe was looking to do a SPAC a year ago and

Paul, Joe was looking to do a SPAC a year ago and then decided he wanted to IPO. I agree, SPACs are hot now and easier. However you have to give up some of the company to get the SPAC to approve it. Some are giving up 20% and Joe did not want to give up that much. Hindsight, that 20% would have been a bargain since we would have been a public entity for covid to hit and would have gotten better price movements. It's too late for a SPAC now. Based on our value, we would be hugely diluted.

Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.