The Advantages of Having a Preference Deck in Your Business

So say there's 10 million of debt debt. You've got four or five years of operating history under your belt. And you're feeling really confident about the future. So now guess what? You can put 25 million more to debt on this business. Now, could your management team ask you why you could have just bonest us out that money every year and we get to that faster? Sorry, I can't do that. It's a preference deck. That's right. It's got priority above you.