What led to the design of CartaX's auction mechanics and how has investor feedback been, particularly with regards to comparison with tender offers?

Sure. So I think there's definitely some thought that a tender offer from a pricing perspective is quite a bit easier. And it certainly makes sense, right. If you don't have to enter in a number of different bids into our system, and you say, hey, here's the price, take it or leave it.

Sure,  that is easier. It's certainly easier for employees too, but the crux of the problem is that it's not a fair and efficient market for them. So I'd say that, overall, reactions on the auction are that it's just different. It's like if you are asking an investor to drive a Model T and they're reaching for the reins. I'm teaching them how to drive the Model T and all these investors are super smart folks, so they should be able to figure out how to drive the Model T and if they keep on asking for the reins, then maybe they're not meant to ever drive the Model T, and that's a little bit of a paradigm shift that they'll have to undergo, but at the end of the day, it is what's best for the issuer and for the shareholders.

And therefore once they're a shareholder, but someone is purchasing their stock, it'll be better for them as well.