Right?

It all comes out of the equity tranche.

Let's meet the family.

Look at this

And these guys are some place in between.

They have a little bit more risk, and they still get a

Right?

Well resisting temptation is hard, as the 19th century English economist

And all of a sudden, these guys are not going to be cut off.

And we're going to call the three tranches equity, mezzanine, and senior.

These are the words that are commonly used in this industry.

And instead of getting 90 million per year, you start only getting 50 million in per year.

I have been a systems engineer, a systems administrator, a senior advisor for the Central Intelligence Agency, a solutions consultant and a telecommunications information systems officer.

So in this situation what we did is we raised out of the 1 billion we needed 400 million from the senior tranche, 300 million from the mezzanine tranche, and then 300 million from the equity tranche.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

leadership by those who can afford to take the lead, the senior academics, those with tenure, those who can say, on committees granting tenure, that it doesn't matter that you didn't publish in the most prestigious journal if that journal is not Open Access.