We started looking at Banxa roughly three years ago, and issued our first research report here in September 2021, roughly two-and-a-half years ago, and at the time this went to press, remain the only covering analysts—one might think we matter. We saw the on/off ramp services Banxa was providing as essential in the crypto world that was becoming intensely more complicated and difficult to navigate such that specialist, crypto-focused technology platform companies, much like Banxa, could exploit specific expertise, licenses, and relationships in expediting business processes for their customers. At our starting point on the Banxa journey, we had the full support and attention of management in understanding comprehensive strategy, competition, milestones, and the timeline to execution.