Meaning that renu was a mess structurally and happy that nemes didn't give up on renu(the public company) and walk away with the business(ES) running it as his private company.
You didn't listen to the CC either? (Was I the only one?)
Nemes stated: (paraphrasing): I didn't need to use a public company to create Energy Solutions. I could have done it privately and become a millionaire on my own.
IMO, when the CC is posted, several need to listen to it intently.