1 00:00:05,559 --> 00:00:08,200 Speaker 1: Welcome to the Fear and Greed Business Interview. I'm Sean Almer. 2 00:00:08,400 --> 00:00:12,440 Speaker 1: Vinyl Group is Australia's only ASX listed music company and 3 00:00:12,600 --> 00:00:15,120 Speaker 1: it's a fascinating business. It's worth between one hundred and 4 00:00:15,160 --> 00:00:17,320 Speaker 1: twenty and one hundred and forty million dollars and is 5 00:00:17,360 --> 00:00:20,759 Speaker 1: on quite the acquisition spree. It now includes online record 6 00:00:20,800 --> 00:00:25,560 Speaker 1: store vinyl dot Com, music credits business Jackster, music industry 7 00:00:25,600 --> 00:00:30,200 Speaker 1: social network Vampa, vampr and web three collectibles platform Serenade. 8 00:00:30,240 --> 00:00:32,400 Speaker 1: But it goes beyond music to publishing as well, for 9 00:00:32,479 --> 00:00:34,880 Speaker 1: its ownership of The Brag Media, which is the local 10 00:00:34,960 --> 00:00:40,000 Speaker 1: publisher of Rolling Stone and Variety and media industry website Mediaweek. 11 00:00:40,200 --> 00:00:43,320 Speaker 1: Josh Simon's is the CEO of Vinyl Group. Josh, Welcome 12 00:00:43,360 --> 00:00:44,040 Speaker 1: to Fear and Greed. 13 00:00:44,320 --> 00:00:46,279 Speaker 2: What a hell of an introduction. I think we can 14 00:00:46,320 --> 00:00:47,960 Speaker 2: probably wrap it up, can't we? Yeah? 15 00:00:48,000 --> 00:00:49,280 Speaker 1: Yeah, I know, Shat. 16 00:00:49,320 --> 00:00:51,800 Speaker 2: Thanks for Thanks for listening everyone, and tune in next week. 17 00:00:52,800 --> 00:00:54,280 Speaker 1: How do you keep across all that? 18 00:00:55,640 --> 00:01:00,760 Speaker 2: You know? I spend much more time on the integrations 19 00:01:00,760 --> 00:01:03,760 Speaker 2: than I do on the acquisitions, meaning and I didn't. 20 00:01:03,760 --> 00:01:05,360 Speaker 2: I had to learn that the hard way, actually, because 21 00:01:05,360 --> 00:01:07,880 Speaker 2: the Brag was the first acquisition that we did well, 22 00:01:07,920 --> 00:01:10,000 Speaker 2: I suppose Jackstra and vam for coming together was actually 23 00:01:10,080 --> 00:01:13,400 Speaker 2: quite a tricky deal that took about six months, and 24 00:01:13,400 --> 00:01:16,720 Speaker 2: that's how I came into the business and became ultimately 25 00:01:17,240 --> 00:01:19,240 Speaker 2: the guy who's running the thing. But then the brag 26 00:01:19,280 --> 00:01:21,240 Speaker 2: Media was the first sort of third party acquisition that 27 00:01:21,319 --> 00:01:24,479 Speaker 2: I did of any note and sort of sides, and 28 00:01:25,400 --> 00:01:27,320 Speaker 2: you know, that was a hard deal. But then we 29 00:01:27,480 --> 00:01:30,280 Speaker 2: spent much much more time on integrating it. And I 30 00:01:30,360 --> 00:01:33,640 Speaker 2: realized that, and I've been told this by business mentors 31 00:01:33,640 --> 00:01:38,320 Speaker 2: and you know, peers and stuff, that integrations were as important, 32 00:01:38,360 --> 00:01:40,400 Speaker 2: if not far more than the deal itself, and I 33 00:01:40,480 --> 00:01:42,680 Speaker 2: had but I had to learn that firsthand, and so 34 00:01:42,720 --> 00:01:45,160 Speaker 2: we take that side really seriously. What that means is, 35 00:01:45,520 --> 00:01:49,080 Speaker 2: you have a lot of shared back office functions. You've 36 00:01:49,120 --> 00:01:51,240 Speaker 2: got a lot of you know, shared sales resources that 37 00:01:51,280 --> 00:01:54,520 Speaker 2: are working out interesting ways to bundle the various products 38 00:01:54,520 --> 00:01:58,880 Speaker 2: across the multiple companies and sell far more compelling bundles 39 00:01:59,120 --> 00:02:01,480 Speaker 2: for lack of a better word, to our various partners. 40 00:02:01,680 --> 00:02:05,000 Speaker 2: And it actually has quite a compounding effect because customers 41 00:02:05,000 --> 00:02:06,760 Speaker 2: that might have spent fifty grand with us in the past, 42 00:02:06,960 --> 00:02:10,079 Speaker 2: now talking about you know, multiples on that because they're 43 00:02:10,080 --> 00:02:12,080 Speaker 2: able to tap into all these different things that we 44 00:02:12,120 --> 00:02:14,680 Speaker 2: can offer. So I really feel like our job is 45 00:02:14,720 --> 00:02:18,800 Speaker 2: to make agencies life as easy as possible, and we 46 00:02:18,880 --> 00:02:20,520 Speaker 2: can sort of say we can give you this, that 47 00:02:20,880 --> 00:02:23,600 Speaker 2: and this, and then they go great, where do I say, 48 00:02:23,960 --> 00:02:25,280 Speaker 2: that's kind of how we're doing this? 49 00:02:25,880 --> 00:02:30,520 Speaker 1: Okay, So essentially the revenue model is on the broadly 50 00:02:30,600 --> 00:02:34,560 Speaker 1: your a music business. The media week certainly pushes beyond that. 51 00:02:34,680 --> 00:02:37,919 Speaker 1: But the idea though, is that via sponsorship or advertising, 52 00:02:37,960 --> 00:02:42,320 Speaker 1: that's where your revenue base comes from. Across Vampire and 53 00:02:42,720 --> 00:02:44,880 Speaker 1: Rolling Stone and vinylot Com, et cetera. 54 00:02:45,360 --> 00:02:48,320 Speaker 2: I'd say more generally that most of the revenues really 55 00:02:48,480 --> 00:02:52,440 Speaker 2: coming from advertising sources, and that would include some of 56 00:02:52,440 --> 00:02:55,200 Speaker 2: the stuff you just mentioned. So it adds to sort 57 00:02:55,200 --> 00:02:56,600 Speaker 2: of the name of the game, and it's the one 58 00:02:57,200 --> 00:03:00,400 Speaker 2: that sort of business model that glues everything together across 59 00:03:00,400 --> 00:03:02,359 Speaker 2: the various platforms. But as you pointed out, with a 60 00:03:02,480 --> 00:03:06,200 Speaker 2: very specific music focus, there's a distinct lack of ad 61 00:03:06,200 --> 00:03:08,440 Speaker 2: companies out there that just focus on the music industry, 62 00:03:08,440 --> 00:03:10,400 Speaker 2: and so that's where we see the real opportunity. 63 00:03:11,080 --> 00:03:14,280 Speaker 1: Okay, and say you're selling an audience which are music 64 00:03:14,440 --> 00:03:17,520 Speaker 1: lovers broadly, and I mean one of the demographics of 65 00:03:17,520 --> 00:03:18,079 Speaker 1: that audience. 66 00:03:18,240 --> 00:03:20,840 Speaker 2: I'd say that's half the audience. So the whole thing 67 00:03:20,880 --> 00:03:22,320 Speaker 2: that we do, if you sort of go to our 68 00:03:22,320 --> 00:03:25,320 Speaker 2: website and read any of the investive materials that we've 69 00:03:25,320 --> 00:03:26,920 Speaker 2: put out over the last or of eighteen months, is 70 00:03:26,960 --> 00:03:30,400 Speaker 2: we talk a lot about creators and consumers. And really, 71 00:03:30,400 --> 00:03:32,640 Speaker 2: there is no music industry if you don't have a 72 00:03:32,720 --> 00:03:36,120 Speaker 2: vibrant creator economy and you know a healthy number of 73 00:03:36,160 --> 00:03:38,840 Speaker 2: fans who are willing to spend money on that. And 74 00:03:38,920 --> 00:03:41,880 Speaker 2: so everything that we do is an attempt to connect 75 00:03:42,040 --> 00:03:45,360 Speaker 2: point A with point B. That's been connecting consumers with creators. 76 00:03:45,400 --> 00:03:49,560 Speaker 2: And so I would say our audience thusly is split, right, 77 00:03:49,600 --> 00:03:52,240 Speaker 2: It's not fifty to fifty, but if anything, we've probably 78 00:03:52,240 --> 00:03:56,240 Speaker 2: got more creators hanging out. Obviously, some creators are consumers 79 00:03:56,280 --> 00:03:58,240 Speaker 2: as well. I mean most, in fact, all creators are 80 00:03:58,240 --> 00:04:00,360 Speaker 2: consumers as well. So there's a high cross over in 81 00:04:00,400 --> 00:04:03,800 Speaker 2: that market in that demo, But that's broadly speaking who 82 00:04:03,800 --> 00:04:04,240 Speaker 2: we target. 83 00:04:05,120 --> 00:04:07,440 Speaker 1: Okay, so I'm kind of interested in you, Josh, because 84 00:04:07,480 --> 00:04:11,600 Speaker 1: you come from the VMP group vamp R side of 85 00:04:11,640 --> 00:04:14,800 Speaker 1: the badness. Yeah, Vampa. I'm sorry, I've said that's wrong 86 00:04:14,840 --> 00:04:18,960 Speaker 1: the whole time, Vampire. But you're a musician by trade, 87 00:04:19,000 --> 00:04:20,080 Speaker 1: is that right? Yeah? 88 00:04:20,279 --> 00:04:23,360 Speaker 2: So I'm I'd say entrepreneur by trade. I've done a 89 00:04:23,400 --> 00:04:25,880 Speaker 2: lot of different things. So I started. I dropped out 90 00:04:25,880 --> 00:04:27,440 Speaker 2: of school when I was seventeen and started a film 91 00:04:27,440 --> 00:04:28,279 Speaker 2: production company. 92 00:04:28,680 --> 00:04:30,320 Speaker 1: We made as You Do. 93 00:04:30,520 --> 00:04:33,440 Speaker 2: As you Do. I hired forty people before I turned eighteen. 94 00:04:35,279 --> 00:04:35,840 Speaker 1: Did they know? 95 00:04:36,640 --> 00:04:38,800 Speaker 2: No? I know. That's actually very funny, you asked, because 96 00:04:38,800 --> 00:04:40,280 Speaker 2: there was an article that came the first day of 97 00:04:40,400 --> 00:04:43,720 Speaker 2: article about me came out in the Leader, which is 98 00:04:43,760 --> 00:04:46,839 Speaker 2: like a news court local addition, and it was the 99 00:04:46,839 --> 00:04:48,880 Speaker 2: front page and it said the real deal and still 100 00:04:48,880 --> 00:04:52,560 Speaker 2: only seventeen. And when they found out, Noel was very happy. 101 00:04:52,560 --> 00:04:54,279 Speaker 2: But it was the last day of production on the film, 102 00:04:54,360 --> 00:04:57,480 Speaker 2: so it didn't matter, right, But you know, I dropped 103 00:04:57,480 --> 00:05:00,120 Speaker 2: out of school. Did that that burnt me out? I 104 00:05:00,160 --> 00:05:01,560 Speaker 2: was too young to have done any of that, but 105 00:05:01,600 --> 00:05:05,000 Speaker 2: I probably also it was a baptism by fire, so 106 00:05:05,080 --> 00:05:07,400 Speaker 2: I kind of cut my teeth doing that. Sold out 107 00:05:07,400 --> 00:05:10,200 Speaker 2: of that and then I started managing bands. But I 108 00:05:10,279 --> 00:05:12,440 Speaker 2: was really frustrated with the bands that I was managing. 109 00:05:12,440 --> 00:05:16,919 Speaker 2: They weren't commercially minded or good enough for my personal preference. 110 00:05:16,920 --> 00:05:18,760 Speaker 2: I wanted to see them, you know, appearing on TV 111 00:05:19,000 --> 00:05:22,200 Speaker 2: and getting their songs in movies. And so I said, well, 112 00:05:22,560 --> 00:05:24,120 Speaker 2: screw it, I'm going to start the band and I'm 113 00:05:24,120 --> 00:05:25,479 Speaker 2: going to make the music that I want to hear 114 00:05:25,520 --> 00:05:28,680 Speaker 2: out there. Because I'd always played music but as a hobby, 115 00:05:28,760 --> 00:05:31,080 Speaker 2: not as a I'd never thought of it as a 116 00:05:31,080 --> 00:05:34,560 Speaker 2: as a career. And it worked like I wrote some 117 00:05:34,600 --> 00:05:37,520 Speaker 2: songs with some musician friends and we put them on 118 00:05:37,560 --> 00:05:39,440 Speaker 2: Triple J on Earth and I think three months later 119 00:05:39,480 --> 00:05:43,120 Speaker 2: we were touring nationally and playing festivals and it was 120 00:05:43,120 --> 00:05:45,960 Speaker 2: pretty wild. And then that sort of went on for 121 00:05:46,000 --> 00:05:49,440 Speaker 2: about five or six years, and we tried replicating that 122 00:05:49,480 --> 00:05:51,880 Speaker 2: success in England and it just wasn't working very well, 123 00:05:52,480 --> 00:05:54,480 Speaker 2: not because we weren't talented for it. We didn't have 124 00:05:54,640 --> 00:05:56,640 Speaker 2: the work ethic or anything, but we just didn't know 125 00:05:56,680 --> 00:05:58,839 Speaker 2: anyone in a different territory. And we spent five years 126 00:05:58,839 --> 00:06:02,719 Speaker 2: building up the momentum in Australia and then thought we 127 00:06:02,720 --> 00:06:04,640 Speaker 2: could do it in five minutes in a bigger country. 128 00:06:04,640 --> 00:06:07,360 Speaker 2: And it's a mistake that a lot of musicians make. 129 00:06:07,440 --> 00:06:09,880 Speaker 2: Actually it's great when it works, but when it doesn't work, 130 00:06:09,880 --> 00:06:13,359 Speaker 2: it's very expensive mistake. That's why I started Vampa because 131 00:06:13,360 --> 00:06:16,680 Speaker 2: I wanted to have a technological solution to fast tracking 132 00:06:16,720 --> 00:06:18,960 Speaker 2: networking in the music industry, and that's what Vampa does. 133 00:06:19,600 --> 00:06:23,360 Speaker 2: So my sort of stumble in my music career ended 134 00:06:23,440 --> 00:06:26,839 Speaker 2: up being hopefully, you know, for the benefit of the 135 00:06:27,000 --> 00:06:27,680 Speaker 2: entire industry. 136 00:06:28,360 --> 00:06:35,200 Speaker 1: Stay with me, Josh, we'll be back in a minute. 137 00:06:38,600 --> 00:06:43,919 Speaker 1: I'm speaking to Josh Simon c a vinyl group. A 138 00:06:43,960 --> 00:06:45,560 Speaker 1: lot of the stuff that a lot of your assets 139 00:06:45,600 --> 00:06:49,239 Speaker 1: are technology based. Media Week that's the one that seems 140 00:06:49,279 --> 00:06:51,920 Speaker 1: to just sort of jump out me as a little 141 00:06:51,960 --> 00:06:53,560 Speaker 1: bit different. Why did you And that's one of your 142 00:06:53,560 --> 00:06:57,520 Speaker 1: more recent acquisitions too, brag Media, So what's the story there. 143 00:06:58,240 --> 00:07:00,279 Speaker 2: When we did a review of the brag Media, looked 144 00:07:00,279 --> 00:07:02,320 Speaker 2: at like where are the holes in the business, and 145 00:07:03,279 --> 00:07:06,960 Speaker 2: we saw trade, Like we own trade publications already, so 146 00:07:07,160 --> 00:07:08,880 Speaker 2: we were already in that business, we just weren't doing 147 00:07:08,960 --> 00:07:10,600 Speaker 2: a lot with it. So we had the Music Network 148 00:07:10,600 --> 00:07:13,920 Speaker 2: and we have Variety Australia. And the other hole that 149 00:07:13,960 --> 00:07:16,520 Speaker 2: we sort of saw was events, but I'll focus on trade. 150 00:07:17,120 --> 00:07:19,480 Speaker 2: So we had two shot choices. Really, like are we 151 00:07:19,480 --> 00:07:22,000 Speaker 2: going to shut down the things that we're not necessarily 152 00:07:22,040 --> 00:07:24,680 Speaker 2: calling core competencies, or are we going to try and 153 00:07:24,680 --> 00:07:27,000 Speaker 2: fix those holes and kind of turn it into a 154 00:07:27,000 --> 00:07:30,280 Speaker 2: little profit engine that can fund our technology vehicles. And 155 00:07:30,320 --> 00:07:33,000 Speaker 2: we did the latter. So we thought, no, we'll double 156 00:07:33,040 --> 00:07:34,920 Speaker 2: down on some of these areas. We'll get them more efficient, 157 00:07:34,920 --> 00:07:37,200 Speaker 2: will improve the margins. We might do some smaller acquisition, 158 00:07:37,360 --> 00:07:41,720 Speaker 2: smaller acquisitions to bolster the capabilities in that respect. If 159 00:07:41,720 --> 00:07:44,080 Speaker 2: we can make those divisions profitable in their own right 160 00:07:44,160 --> 00:07:46,360 Speaker 2: and that can help fund the R and D and 161 00:07:46,440 --> 00:07:48,880 Speaker 2: you know marketing efforts on the tech side, it's a 162 00:07:48,920 --> 00:07:51,120 Speaker 2: win win win. So that was the reason why we 163 00:07:51,160 --> 00:07:52,520 Speaker 2: went down that route. 164 00:07:52,840 --> 00:07:55,120 Speaker 1: Okay, you can't talk about Vinyl Group without talking about 165 00:07:55,120 --> 00:07:57,440 Speaker 1: ownership in one of your high profile or more prominent 166 00:07:57,480 --> 00:08:01,679 Speaker 1: owners this wise tech Global founder Richard White. He recent 167 00:08:01,720 --> 00:08:05,400 Speaker 1: weeks has stepped down as CEO of WIS relegations about 168 00:08:05,400 --> 00:08:07,760 Speaker 1: his conduct. No need to go into that. How much 169 00:08:07,800 --> 00:08:10,280 Speaker 1: involvement though, does he have with Finyl Group and does 170 00:08:10,320 --> 00:08:12,960 Speaker 1: it actually matter? And I'm not asking you for I'm 171 00:08:12,960 --> 00:08:15,040 Speaker 1: not asking you to tell me anything about Richard White. 172 00:08:15,040 --> 00:08:18,120 Speaker 1: I'm just saying as a distraction, look. 173 00:08:17,960 --> 00:08:19,880 Speaker 2: I read the same articles that you would have read, 174 00:08:20,760 --> 00:08:22,920 Speaker 2: and I've filtered a lot of questions that the reality 175 00:08:23,040 --> 00:08:28,320 Speaker 2: is we don't comment generally on individual shareholders as a rule, 176 00:08:28,680 --> 00:08:30,560 Speaker 2: and I would say second to that that you know, 177 00:08:30,600 --> 00:08:33,040 Speaker 2: he's not a director. You know, he's a shareholder in 178 00:08:33,080 --> 00:08:35,240 Speaker 2: the business, and as such, we've sort of given the 179 00:08:35,280 --> 00:08:38,120 Speaker 2: same privacy respect that we would give any other shareholder. 180 00:08:38,440 --> 00:08:43,440 Speaker 1: Yep, the next ten years or so, what's the what's 181 00:08:43,480 --> 00:08:44,679 Speaker 1: the plan, what's the play? 182 00:08:45,360 --> 00:08:50,600 Speaker 2: Get a hair transplant? That was that myself. 183 00:08:51,720 --> 00:08:53,800 Speaker 1: No, No, you could have been speaking for me too. 184 00:08:53,840 --> 00:08:55,439 Speaker 1: It's fine. 185 00:08:55,920 --> 00:08:58,080 Speaker 2: No, Look, we've got this. We've put out our broad 186 00:08:58,120 --> 00:08:59,920 Speaker 2: sort of mission statement of what we want to achieve 187 00:09:00,400 --> 00:09:02,560 Speaker 2: broadly across all of our businesses, and I think it 188 00:09:02,600 --> 00:09:05,120 Speaker 2: helps clarify what the company does to an extent too. 189 00:09:05,640 --> 00:09:07,280 Speaker 2: What we've said is we want to connect a thousands 190 00:09:07,280 --> 00:09:09,920 Speaker 2: of the world's leading brands with one hundred million music 191 00:09:09,960 --> 00:09:12,960 Speaker 2: creators and a billion fans, and that would be you know, 192 00:09:13,040 --> 00:09:16,880 Speaker 2: market saturation globally of sort of seventy percent broadly of 193 00:09:16,920 --> 00:09:19,240 Speaker 2: those fields that we sort of play in. So that's 194 00:09:19,280 --> 00:09:21,040 Speaker 2: our plan. If we can do that in ten years time, 195 00:09:21,080 --> 00:09:23,120 Speaker 2: we'll be a pretty bloody big company. 196 00:09:23,440 --> 00:09:26,960 Speaker 1: Yeah, what about being a listed company? Is that a 197 00:09:27,000 --> 00:09:28,200 Speaker 1: good or a bad thing? 198 00:09:28,840 --> 00:09:30,679 Speaker 2: Look, I think in the environment the last couple of 199 00:09:30,720 --> 00:09:33,680 Speaker 2: years where it's been really tough for tech companies in 200 00:09:33,720 --> 00:09:38,000 Speaker 2: particular arrays private capital because it happened to me even 201 00:09:38,559 --> 00:09:40,560 Speaker 2: you know, one day you were valued at this and 202 00:09:40,559 --> 00:09:42,720 Speaker 2: then a year later in twenty twenty two, you were 203 00:09:42,760 --> 00:09:45,439 Speaker 2: re rated down to a quarter of the previous evaluation, 204 00:09:46,040 --> 00:09:49,280 Speaker 2: and people having to do downrounds, et cetera. Being public 205 00:09:49,360 --> 00:09:52,720 Speaker 2: right now is good because it's a different type of fundraise. 206 00:09:52,760 --> 00:09:55,240 Speaker 2: Obviously you've got when you hit a certain scale and 207 00:09:55,280 --> 00:09:57,640 Speaker 2: we're sort of approaching that size now, you have access 208 00:09:57,640 --> 00:10:00,120 Speaker 2: to different kinds of funds that have a requirement to 209 00:10:00,160 --> 00:10:03,240 Speaker 2: put money into vehicles, and so it's just it's it's probably, 210 00:10:03,360 --> 00:10:06,280 Speaker 2: of course it's more liquid it's public, but it's it 211 00:10:06,280 --> 00:10:08,080 Speaker 2: seems like there's more money going around than what you 212 00:10:08,440 --> 00:10:11,080 Speaker 2: necessarily have access to in the private markets, at least 213 00:10:11,120 --> 00:10:14,800 Speaker 2: right now. And it's also a great motivator to get 214 00:10:14,880 --> 00:10:16,920 Speaker 2: up every day and do your best because the market's 215 00:10:16,920 --> 00:10:18,800 Speaker 2: sort of judging you based on your performance, and it's 216 00:10:18,840 --> 00:10:21,240 Speaker 2: a real fun part of the job. 217 00:10:21,280 --> 00:10:24,079 Speaker 1: I suppose yeah, I mean your share price is doubled 218 00:10:24,120 --> 00:10:25,640 Speaker 1: in the last year or so, So I mean that 219 00:10:25,800 --> 00:10:28,640 Speaker 1: you take that when you can, because obviously when you 220 00:10:28,720 --> 00:10:31,120 Speaker 1: have big shareholders jumping in and wanting to be part 221 00:10:31,120 --> 00:10:34,520 Speaker 1: of it, it helps. So i'd josh, I'd jump all 222 00:10:34,559 --> 00:10:36,280 Speaker 1: over that and just say, have you noticed our share 223 00:10:36,280 --> 00:10:37,800 Speaker 1: price is double in the last year. I think that's 224 00:10:37,800 --> 00:10:39,360 Speaker 1: how a CEO space to talk, isn't. 225 00:10:39,160 --> 00:10:43,040 Speaker 2: He Yeah, I mean I'm probably beingby being a bit humble, 226 00:10:43,080 --> 00:10:45,520 Speaker 2: but certainly when I sold my company, when we first 227 00:10:45,520 --> 00:10:49,199 Speaker 2: started talking to Jackson about taking over Vampa, one of 228 00:10:49,240 --> 00:10:52,520 Speaker 2: the things that was appealing to me was with respect 229 00:10:52,520 --> 00:10:54,960 Speaker 2: to the former management team, the share price wasn't doing 230 00:10:55,080 --> 00:10:57,640 Speaker 2: very well, was stuck around two cents, and I thought, 231 00:10:57,760 --> 00:10:59,559 Speaker 2: you know what, there's a real opportunity here if I 232 00:10:59,559 --> 00:11:01,600 Speaker 2: if I can come in and feel like I can 233 00:11:01,600 --> 00:11:04,360 Speaker 2: add value and run this and bring together these vehicles. 234 00:11:04,920 --> 00:11:07,480 Speaker 2: I've done it before in America. I can probably do 235 00:11:07,559 --> 00:11:09,280 Speaker 2: it again here, and I can grow that share price 236 00:11:09,360 --> 00:11:12,520 Speaker 2: relatively quickly. And like you said, a year and a 237 00:11:12,559 --> 00:11:15,079 Speaker 2: half later, or really three years since I started having 238 00:11:15,120 --> 00:11:18,840 Speaker 2: those conversations, it's you know, it's six x today where 239 00:11:18,880 --> 00:11:20,600 Speaker 2: that was so it's pretty impressive. 240 00:11:21,000 --> 00:11:22,720 Speaker 1: Good on you, Josh. Thank you for talking to Fear 241 00:11:22,760 --> 00:11:26,840 Speaker 1: and Greed. Thank you as Josh Stimon's CEO of Vinyl Group. 242 00:11:26,960 --> 00:11:29,560 Speaker 1: This is the Fear and Greed Business Interview. Join us 243 00:11:29,600 --> 00:11:31,640 Speaker 1: every morning for the full episode our Fear and Greed 244 00:11:31,679 --> 00:11:33,920 Speaker 1: business news for people who make their own decisions. I'm 245 00:11:33,920 --> 00:11:40,160 Speaker 1: Sean Elmer. Enjoy day.