Secondary SPVs

“I've run into a full-on fraud before, but, you know, the first thing we do is we pay a background check company to see, again, using you as an example, does she actually work at SpaceX?”

“A lot of that operates outside of that and is kind of a black hole and maybe not the best place to be in because you, one, don't collaborate with the company and then two, you don't have access to information. Right. And so and the third is potentially like …”