Working Capital.
Working Capital.
My mind sticks on this word. Overhead for EGMI is minor. Look again, costs to run it like it is is minor.
Working Capital, to grow the internal sales teams? To manufacture and peddle the cards themselves instead of giving a huge portion to 3rd parties to market, manufacture, and distribute the cards? I always hoped EGMI would hold their cards close to the vest (so to speak) and become their own distribution hub themselves. Much more retained money that way. In order to do this, you need some more, intense Working Capital.