FG (FGH) - 2023 Q3 - Earnings Call Transcript

So we originally purchased GreenFirst when it was ITASCA. Actually before it was ITASCA Capital, it was called Quebec's Capital and we bought it as a cash shell in Canada with the idea that we could do something interesting with it, not much different than a Canadian SPAC with no time line to do a deal. So it was a pretty attractive structure. But it didn't have a promote like a SPAC and it didn't have a deadline like a SPAC did. So there is -- SPAC has a promote for the sponsors and it has typically a 12- ...