We need to discuss the liquidity of the market, especially regarding ETFs, and the ongoing debate between inflation and deflation.

I conducted monthly investor updates to maintain transparency about our financial health and operational challenges.

We are trying to take a conservative position in our forecasts, assuming that trends will continue without any major disruptions.

When there's excitement in the market, we need to capture that excitement and use it to propel ourselves forward.

Keeping investors closely updated through monthly reports is crucial, especially during tough times, as it helps maintain transparency and accountability.

The economic cycle is ongoing, and we are currently in a phase of euphoria due to a new administration, but we must remain aware of potential downturns, especially as we are in a debt bubble where the income produced doesn't service the debt, leading to a dynamic where financial trouble is imminent.

I believe in listening to shareholders, and I was surprised by the enthusiasm for advertising, even though we haven't historically done that.

The recent fear in the market is welcomed because it serves as a reality check against speculative moves in the innovation space, which may not last long.

In board meetings, I prefer to focus on what's broken in the business rather than what's going well, as that leads to improvement.