The Nice King

So we've got five million of cash flow, no debt. We go to some lenders. We decide, hey, three times is what we're comfortable with. So it's 15 million a debt. What happens with a 15? Well, because this preferred, there's 25 million a preferred and it's accrued now for two years. It's worth more than 25. I can't do the math. But multiply 25 times 1.08 to the two. That'll get you a nice use of exponential. Whoa. You really did got a math gap. And now that money, we could send it back to our LPs to, hey, guys, return of capital. Or