Answered produced feed
D 5 · C 5 · P 5 · Cm 4 4.85
Q And how long did their ownership of risk metrics last?
A Well, that was the other amusing story about Hamish that I'll never forget. I believe they became shareholders, I have to check, sometime in 2009. And the company was sold. It was announced in the spring of 2010. It was announced on a Friday, I believe. And I get a call that Friday afternoon from Hamish. And I'm thinking, you know, he's going to congratulate me. They probably had a 50 plus percent return in less than a year. And he calls me and says, Why'd you sell? I said, what? He says, well, why'd you sell? I said, Hamish, how much money do you make? He says, we're in this for the long run. This wasn't worth our effort. I said, Hamish, it's Saturday morning in Australia. Go watch cartoons. And we had this long conversation about their perspective of where they thought this company was going to go over the next five, 10 years, and that they had put all this work into it. And while, yes, they got a nice return, they had been hoping for many multiples of that over a longer period of time.
AI assessment note: “sometime in 2009. And the company was sold. It was announced in the spring of 2010.”
Answered produced feed
D 5 · C 5 · P 4 · Cm 4 4.60
Q And what was their research process like even before they became a shareholder of risk metrics?
A Well, I think that's really what impressed me so much about them. That was my first interaction. We didn't talk for a very long time. You asked me some pretty good questions, but nothing extraordinary. And about, I don't know, three or six months later, I get an email saying, hey, I'm going to be coming through New York. Is there any chance you could meet with me? And I said, okay. And he first met with the CFO and the CFO asked him, are you a shareholder? He said, no. I said, okay, well, you can still meet with Ethan. So I spent some time with him and he had done incredible research on our company and in particular around both our clients and then people who weren't clients. So he actually taught me some things. He had done some surveys himself and that process continued. And every three to six months, I would get this note. I'm coming through New York. Would you be prepared to meet with me? And he First, he'd meet with the CFO. Are you a shareholder? No. And then he'd talk to me, and then he asked to talk to the head of our sales, some of our product people, and that continued. And then the financial crisis happened. Our stock price fell, and he became a shareholder. So finally, one time, the CFO was thrilled. He says, yes, I'm a shareholder. But again, having talked to so many different investors, whether it be on the roadshow or then after we had them, both my CFO and I wou…
AI assessment note: “He had done some surveys himself and that process continued.”
