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On the guide the -- this whole mess that CEO Joseph rademan joining us now on the phone Joseph good to have you.
Good evening -- what do you gonna do now first off what deal offering.
So we have no plans for after coming back immediately that the I would like people are our options open so we have yet to announce that -- -- -- be doing next.
But would you decide within the next few weeks whether to go ahead -- -- -- to cancel right.
-- that we could still be to have still to be determined OK what about you as a board still standing by.
-- you know -- been serve at the discretion of the pleasure of the board of -- there there would likely be a conversation supports.
You know to confirm or make a change in leadership but right now there's been no discussion.
So they talk to you ruled -- they expressed confidence in you don't have that house up and -- Absolutely -- -- so -- the conversations are fantastic -- -- behind myself in the firm.
And obviously this is unfortunate that that we're very sorry for -- we expressed our our -- Regret you that the trading community that they understand the nature of of the but the.
Well bomb I guess I don't understand the nature of that dog but not I know -- -- you never get a second chance to make a first impression.
How -- this.
How did this happen.
Basically a lot of testing with the internally and a lot of testing with the community -- they're trading community has to with this for several weeks.
And unfortunately just a series of quarters that came -- -- have since been before caused us to unlock upper management and that put this into that debug -- redolent.
Do you think did had apple not that caught up in this event -- was like of all issues.
Of the did you just.
Well where we're you know we're we're certainly regretful that apple -- get caught up -- -- but it got caught up in a way that.
Is exercising new coast industry insert this single stock circuit -- so we were.
Actually quite pleased with what we put in place is in the -- the last few years worked -- it -- have -- today.
Well as the people who are and -- federation of time and him might have been the end worked as a sort of but I think it caused competitions of the -- Do you think now that what's gonna happen is.
Obviously the government is gonna look at what happened this is like the modern day -- grass.
And you know the regulators are gonna go nuts.
Well regulated clearly gonna look at return -- to assist mission in exchange they will look at but I would disagree that this does not been like the flash crash.
-- this was meant that completely isolated toward market -- was -- over an apple.
I would system work -- -- -- -- hope that -- back orderly fashion so.
This really wasn't you know a major issue on our side of embarrassing but it was it was -- -- market.
But do you think Joseph that investors decision that different stages known my Gaza -- screw up here.
Well clearly it's it's a challenging system for for people's to understand that the complex market but it actually has.
Significant amount of value today that it wasn't there -- you know 1020 years in the markets have improved.
They're more complex but but it is a good market stated most folks who have to -- and -- I heard.
One critic of your son -- say.
That they date they hit their water -- -- high water mark with a twelve or 13% of trading that they -- it is all down from here what he's saying about.
Now what we've been growing our market share over the last two years still you know we've we're very -- in the first few years you know the last two years we've been moving not.
So no we don't believe that we at the top but you know or perpetrators are community I was back with this earlier today and we closed with an 11%.
On from here -- out what.
But a lot of folks are gonna say it will make noble trust this and trust trades in general with the big boys not that they don't make mistakes.
But this new -- highly heralded.
Did then and -- the most recent ones in our memory.
And they're the ones that still stick and our cross that are of -- a bad place dead trade bad timing.
Debt on you know what -- you say.
Now -- and we're not hiding from what happened when we're fairly bearish than and deeply regretful in my heart sank when this wasn't going well.
-- Friday morning but it's -- -- the finest we've had six years of solid.
So success of their customers appreciate what we've brought the markets so we we're gonna recover from -- We don't Napoleon was on the seated before Waterloo.
So I guess what I'm asking you know is.
Is this your Waterloo.
I don't know.
Our customers right back with the -- -- and there and then they appreciate what we've done so actually they haven't been back to the same numbers.
Our quote not -- -- where we're close to 11% today's you know so why do you sound.
There aren't I'm -- psychologist is you sound pretty down.
Brought down the amount of this is very similar.
But -- work now litigated here okay armed.
You know what happens in these type of events that -- I'm not saying it's it's it's brighter it's fair -- but.
Everyone looks for their pound of flesh -- their sacrificial lamb mixing.
Metaphors analogies they're but it you might do you -- and then bit someone's gonna wanna put your -- on -- -- Now that's if that's what made it could move you know for the industry for that's -- our -- concludes.
You know that stuff with this -- that earlier I serve at the discretion of.
Well -- of them said that it might be -- kicked around the idea that it might be possibly a good thing to.
Firmer -- Europe no not -- that there are people who when you call a mop up the board.
They did pick up the -- they talked to work through it okay so -- -- as anyone on the board not.
You know so they've all expressed by that confidence in your mind taking a -- -- I don't think you're technically there I think -- you know like it's certainly we we had an issue we've handled it and reported supportive.
-- but that board probably looked at making a lot of money -- for this offering right so -- -- -- like and I'm sure they do on.
There's going to be a delay in the making money maybe it'll never happen.
Hello my nose -- people wonder that it they have -- delay and in -- they thought were imminent.
-- either beat their dogs.
Where they go after the guy who prompted them to be to ago.
Parallel our shareholders have long been long term horizon shareholders and while we may not have concluded its -- There's plenty of opportunities to credit you know that so there's -- you don't criticize the -- -- and opportunity a moment.
You know -- certainly frustrating that we couldn't pull through on this particular parent but it was a long term company with long term presence so.
-- -- frustrated design -- But we're gonna we're gonna come back what about selling to another company.
You know I can't comment on any particular in and they opportunities that are out there -- you know we we can look at a number of options have others called you in that regard.
I'm not yet has been busy day.
No one is even settle -- this this offering isn't happening but maybe we -- something.
-- -- it equipment they're okay so -- -- it sounds like maybe that did happen but of course you can't come.
Not a spectacular come at a certain you know or is -- the very good army general will watch is very very closely -- --
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